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

Steel manufacturers eye market diversification

Bangladesh's iron and steel exports have experienced significant fluctuations over the past five fiscal years, with India remaining the dominant destination -- raising concerns over market concentration and stagnation.Industry stakeholders have stressed the need for policy support, product diversification, and strategic market expansion to ensure sustainable growth in Bangladesh's steel...

Nearly all RMG units pay Feb wages, Eid allowances, says BGMEA

Almost all export-oriented garment factories registered with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have disbursed February wages and Eid festival allowances, with only a handful still completing payments, BGMEA President Mahmud Hasan Khan said on Wednesday."About 99.91 per cent of factories have paid wages for February, while two...

Eid outbound travel boom drives up dollar rates

The demand for cash US dollars has risen sharply ahead of Eid-ul-Fitr, pushing up the greenback's exchange rate in both formal banking channels and the informal kerb market, according to market players.Typically, demand for the greenback increases ahead of major festivals like Eid, as a significant number of people travel...

Nor'westers bring rain, storms to Dhaka

A spell of pre-monsoon nor'westers swept across Dhaka and several parts of Bangladesh on Wednesday evening, bringing much-needed relief from recent heat but disrupting daily life with gusty winds, lightning and scattered showers.The Bangladesh Meteorological Department has warned that similar weather conditions may persist over the coming days, with the...

GED stresses urgent, coordinated reforms before loss of opportunity

Planning Commission's General Economics Division (GED) has cautioned that Bangladesh risks squandering its demographic dividend unless urgent and coordinated reforms are undertaken to address rising youth unemployment and emerging social vulnerabilities.In a report, titled "Harnessing the Potential of Youth: A Policy Framework for Youth Development in Bangladesh," released recently by...

The capital wears a deserted look on Wednesday

The capital wears a deserted look on Wednesday as the exodus of residents ahead of Eid-ul-Fitr has mostly emptied the clogged roads. The photo was taken at Karwan Bazar. — FE Photo by Shafiqul Alam

Long queues at petrol stations

Long queues at petrol stations in the capital persist on Wednesday due to panic buying of fuel for fear of shortages amid the ongoing Middle East war. The photo was taken at Ramna filling station. — Focus Bangla

Port will remain open during Eid holidays

CHATTOGRAM, Mar 18: Despite the closure of all government offices, banks and other financial institutions, Chittagong port, the prime seaport of the country, will continue its operation under special management during the Eid holidays.Secretary of Chittagong Port Authority (CPA) Syed Reffayet Hamim said, "Chittagong port will remain open during the...