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

Fruits costlier due to higher USD rate, not duties

The sharp rise in the dollar exchange rate is the main factor behind the increase in the prices of fruits and other import-dependent products, says National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan."The dollar rate has risen by nearly 40 per cent. Fruit prices have not increased due...

BBC journalist Mark Tully who chronicled Bangladesh's birth dies

Sir Mark Tully, the BBC's renowned correspondent often hailed as the "voice of India," and a veteran journalist who reported on key events across South Asia including the liberation of Bangladesh has passed away at the age of 90, reports UNB.Tully's distinctive and warm voice became familiar to millions of...

Commodity market volatility stems from previous regime's ‘unplanned’ projects

Commerce Adviser Sk Bashir Uddin on Sunday attributed the persistent volatility in the essential commodities market to what he termed as the previous regime's "unplanned and ambitious" projects, which have saddled the country with a staggering Tk 23 trillion in debt.He made the remarks while speaking to reporters after a...

Scrapping bonded yarn imports may hurt RMG exports: BGBA

The Bangladesh Garment Buying House Association (BGBA) has warned that scrapping the bonded warehouse facility for yarn imports could disrupt the supply chain, push up production costs and undermine apparel exports, urging the government to withdraw what it described as a "self-destructive" decision.The association said the decision has effectively pushed...

ECNEC okays Tk 24.59b 1000-bed modern hospital in Nilphamari

In a major move to decentralise the country's healthcare system, the government has approved a China-supported 1000-bed hospital in Bangladesh's northern district Nilphamari, officials said.Presided over by the Chief Advisor Professor Muhammad Yunus, the Executive Committee of the National Economic Council (ECNEC) approved the project at the cost of Tk...

Angry depositors protest in front of central bank

Aggrieved depositors of five merged Islamic banks on Sunday demonstrated in front of the Bangladesh Bank (BB) headquarters in the capital's Motijheel against the profit haircut for two years -- 2024 and 2025.Earlier on January 13, the central bank instructed the merged banks in this regard, saying the depositors would...

Mobile phone sales resume after three- week shutdown

Sales of mobile phones resumed across major retail hubs on Sunday as customers returned in large numbers following a three-week shutdown.From Bashundhara City Shopping Mall in Panthapath to Motaleb Plaza and Eastern Plaza in Hatirpool, and Jamuna Future Park, markets remained busy throughout the day, with shopkeepers attending to steady...

BGMEA, BKMEA urge one-day election holiday

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) urged the government to declare a one-day general holiday in the industrial areas on the occasion of the upcoming parliamentary elections and referendum, instead of three days, citing concerns over negative impact on production. In...

Govt to increase allowances, expand coverage

The government has decided to enhance both the number of beneficiaries and the allowances under various social safety net programmes starting from the next fiscal year.The Advisers' Council Committee on Social Safety Net Programmes (SSNPs), at a meeting on Sunday, made the decision in response to the growing inflationary pressure...