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

H1 apparel exports slide amid weak demand, trade frictions

Bangladesh's readymade garment (RMG) exports to non-traditional markets posted negative growth in the first half of the current fiscal year, reflecting prolonged weakness in global demand amid economic uncertainty across key economies.Rising living costs, sluggish growth, shifting trade regimes and geopolitical tensions have continued to dampen consumer spending on apparel...

Proposed 'Insurance Resolution Ordinance' awaits MoF review

The insurance regulator-IDRA--has submitted its much-hyped draft ordinance to the Ministry of Finance, seeking sweeping new powers to intervene in the governance of troubled insurers.The proposed ordinance is to empower the IDRA (Insurance Development and Regulatory Authority) to set into any company board and reconstitute it where serious governance failures...

Mild to moderate cold wave sweeps 24 districts

A relentless cold wave has tightened its grip across Bangladesh, with temperatures plummeting to the season's lows and leaving low-income groups in extreme distress.Bangladesh Meteorological Department (BMD) officials have warned that the current shivering conditions, coupled with mild to moderate cold waves, are likely to persist for several more days,...

Debt spiral clouds microcredit's success

Concerns over overlapping loans and rising debt burdens are increasingly overshadowing the achievements of microcredit sector, prompting calls for deeper research and policy intervention. Officials and experts warn that many borrowers are becoming trapped in a "debt spiral", taking on new loans to repay old ones, undermining the sector's long-held...

Bangladesh, EU finalise PCA text

Bangladesh and the European Union have finalised the text of the Comprehensive Partnership and Cooperation Agreement (PCA) following the fifth round of negotiations held on January 7-8 in Dhaka and Sylhet, reports BSS.The fifth round of negotiations between Bangladesh and the European Union (EU) on the Framework Agreement on Comprehensive...

BD in talks with US over visa bond issue: Foreign adviser

Bangladesh is in discussion with Washington to address a new US visa-bond issue, said foreign affairs adviser Md Touhid Hossain on Thursday.The new visa requirement has placed the country among 38 nations whose citizens must provide a financial guarantee when applying to travel to the United States.Speaking at a briefing...

295 drugs declared 'essential', prices to be fixed

The Bangladesh government has expanded its list of essential medicines to 295 by adding 135 more drugs and has decided to fix their selling prices, aiming to improve access to treatment and medicines for the public, reports bdnews24.com.The decision came at a meeting of the Advisory Council on Thursday, said...

ACC to sue Salman, Obaidul Karim over embezzlements

FE REPORTThe Anti-Corruption Commission (ACC) has decided to file two cases, one against Salman F Rahman and another against Mohammad Obaidul Karim and others, for embezzlement. Both cases were approved on Thursday.In the case against Mr. Rahman, the former private industry and investment adviser to the prime minister and chairman...