Finance News: Latest Financial News, Finance News today in Bangladesh

Apparel exports to US plunge over 10pc

The country's apparel exports to the United States -- its largest single market -- plummeted more than 10 per cent in the first half of 2024, reaching $3.40 billion.Data from the Office of Textiles and Apparel (OTEXA) under the US Department of Commerce showed a 10.97 per cent year-over-year decline...

Shun path of vengeance, nurture love and peace

Bangladesh Nationalist Party (BNP) chairperson Begum Khaleda Zia urged on Wednesday the countrymen to build a society based on love, affection and peace avoiding the path of destruction, revenge and vengeance."Youths of the country have shed their blood to realise a dream. We must build a knowledge-based democratic Bangladesh to...

Dr Yunus cleared of all charges

The Labour Appellate Tribunal in Dhaka has acquitted Nobel laureate Prof Dr Muhammad Yunus and three other officials of Grameen Telecom in a labour law-violation case.Dr Yunus, Grameen Telecom managing director Ashraful Hassan, and directors Nurjahan Begum and Md Shahjahan were sentenced to six months' jail in the case.Md Abdul...

BB top brasses resign amid officers' rage

Six top officials of Bangladesh Bank (BB), including four deputy governors, were forced to resign on Wednesday amid unrest created by a group of aggrieved officials of the central bank.The agitators demanded the resignation of the governor, deputy governors, and the banking adviser who were serving contractually.Governor Abdur Rouf Talukder...

Woes of ride-sharing service providers yet to end

The ride-sharing service providers, particularly drivers, are still grappling with the adverse impact of the unrest that emerged out of the students' job-quota movement but was continuing in different dimensions and intensity until Wednesday.Their income came down to near zero as the unrest reached its peak in the days just...

Incidents of robbery, theft reported in city

Though the prevailing chaotic situation across the country has seemingly eased, law-and-order situation is yet to be restored as a few incidents of robbery and theft were reported from some areas of the city during the last 24 hours.Residents of Chand Housing Society unitedly resisted a bid of robbery on...

PMO Principal Secy Tofazzel Hossain Miah sacked

The principal secretary at the Prime Minister's Office Mohammad Tofazzel Hossain Miah has lost his job with immediate effect, just 24 hours before he was to get a new boss.Miah recently had his tenure extended for a second time for another year on Jun 26 by former Prime Minister Sheikh...

Three Feni police stations attacked following Sheikh Hasina's exit

FENI, Aug 07 (UNB):Violent attacks, vandalism and arson targeted three police stations in Feni on Monday night.According to a Feni police official, who requested anonymity, angry mobs attacked Feni model, Daganbhuiyan and Chhagalnaiya police stations, resulting in significant damage and the destruction of important documents.However, no police personnel were harmed,...

Bangladesh's UK envoy expresses allegiance to upcoming interim govt

Bangladesh High Commissioner to the United Kingdom (UK) Saida Muna Tasneem has expressed her allegiance in advance with the interim government that will be formed soon, reports UNB.She said they are waiting to receive formal directives from the interim government to work as they have a protocol to follow in...

Cocoa rallies as supply concerns linger, arabica hits two-week high

LONDON, Aug 7 (Reuters): ICE cocoa futures rallied on Wednesday as investors remained concerned about supply tightness, while arabica coffee hit a two-week peak amid worries about top producer Brazil's crop.December London cocoa rose 3.2 per cent to 5,600 pounds a metric ton at 1203 GMT.Cocoa prices are expected to...