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

Banks still shy away from spot market forex trade

Commercial banks still go slow in trading foreign exchange (forex) in the interbank spot market even during the current free-floating regime, which is increasing their net open position (NOP) significantly.Complying with a condition of the International Monetary Fund (IMF) given as part of its $4.70 billion lending package, the Bangladesh...

Election in Bangladesh by June next year

TOKYO, May 28 (UNB): Chief Adviser Prof Muhammad Yunus on Wednesday told former Japanese Prime Minister and Japan-Bangladesh Parliamentary Friendship League President Taro Aso that the country's next national election would be held any time between December and June next year. "Prof Yunus told Taro Aso that the election will...

Long holiday feared to cut 'export growth'

A Dhaka-based chamber has warned that export growth may be adversely affected in June 2025 due to the impact of a 10-day public holiday this Eid. A similar holiday in April, due to Eid-ul-Fitr, had already limited shipment growth, resulting in only marginal gains in exports during that month.In its...

MoF turns down request for $700m funds

The Ministry of Finance (MoF) has turned down a request for US$700 million to pay outstanding electricity bills owed to India's Adani Power Ltd in a single instalment, sources said.Finance officials cited a lack of budgetary allocation for such payments as the reason for rejecting the Power Division's request, they...

Employees to abstain from work for an hour every day until scrapped

Government officers and employees will observe a one-hour work abstention every day from today (Thursday) until the Government Service (Amendment) Ordinance, 2025 is repealed.The work abstention programme will be observed from 10 am to 11 am every day, said Badiul Kabir, Co-chairman of Bangladesh Secretariat Officers and Employees Unity Forum...

BD youth unemployment rate will continue to be high: ILO

Youth unemployment in Bangladesh will continue to be high- more than double the national unemployment rate- with university graduates being the hardest hit, according to a report released on Wednesday by the International Labour Organization (ILO). "The global contraction of jobs is of grave concern, especially for Bangladesh, which is...

Stakeholders worried over draft telecom topology

Stakeholders in the telecommunications sector voiced on Wednesday their strong opposition to the draft telecom topology proposed by the Bangladesh Telecommunication Regulatory Commission (BTRC), warning that the proposed network topology and licensing regime could compromise national security, favour foreign corporate interests, and lead to loss of thousands of jobs. Stakeholders...

Well-marked low over Bay may intensify

The low pressure area over the Northwest Bay and adjoining area intensified into a well-marked low over the same area. "It is likely to intensify further," said a Met office bulletin on Wednesday.Southwest monsoon has advanced up to Barishal, Chattogram, Sylhet and Mymensingh divisions and eastern part of Dhaka division,...

Moderate quake shakes Dhaka, NE Bangladesh

A moderate earthquake rattled Dhaka and several other parts of the country in the early hours of Wednesday, causing momentary panic but no reported casualties.According to the European-Mediterranean Seismological Centre (EMSC), the tremor struck at 2:24am and measured 5.2 on the Richter scale. The epicentre was located near Moirang in...

Massive traffic congestion grips the capital

Massive traffic congestion grips the capital on Wednesday, as several political rallies were held along major thoroughfares, causing severe suffering for commuters. The photo was taken near the FDC area in Karwan Bazar. — FE Photo