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

BB backup to falling dollar balances taka-dollar exchange

Bangladesh taka (BDT) depreciated by nearly 50 paisa against the US dollar Monday as regulatory backup to the falling greenback balanced the exchange-rate reversal of the previous working day.The reference rate in the US currency and BDT rose to Tk 121.1375 per dollar at 5:00pm on the day from Tk...

Dilatory diversification keeps exports undersized

Bangladesh misses out on trade opportunities for tardy export diversification as not a single sector save apparel and leather could cross billion-dollar-earning mark over the years, analysts remind at this time of marketing-related troubles.Although export earnings from some promising products beyond apparel and leather goods had shown a better performance...

17 pvt banks sign MoU to support Universal Pension Scheme

In a move to strengthen the implementation of the Universal Pension Scheme, the National Pension Authority (NPA) signed Memorandum of Understanding (MoU) with 17 private banks on Monday.The deal aims to streamline registration, contribution collection, and API (Application Programming Interface) integration for the system, says a press release.Speaking as the...

Gas crunch halts production at CUFL, bleeds govt funds

CHATTOGRAM, July 14: Production at the Chittagong Urea Fertilizer Limited (CUFL) has remained suspended since April 11 due to a persistent gas crisis, leading to significant financial losses for the government.The state-owned urea fertiliser company stopped operations after Karnaphuli Gas Distribution Company Limited (KGDCL) cut off its supply, saying they...

JCD accuses Shibir of misleading students into mob violence

Jatiyatabadi Chhatra Dal (JCD) General Secretary Nasir Uddin Nasir has alleged that secret activists of Islami Chhatra Shibir are misleading students and provoking mob violence against Chhatra Dal.Speaking on Monday outside the BNP central office at Nayapaltan in Dhaka before a protest march, he said the recent murder near Mitford...

HC rule: Why not declare Dr Yunus 'National Reformer'

The High Court on Monday issued a rule upon the concerned bodies of the government for explanation as to why they should not be directed to declare Chief Adviser Professor Muhammad Yunus the "National Reformer" for his roles in the state- reforming process. In the rule, the court also asked...

Man burns pregnant wife in Sylhet

A man has been accused of pouring petrol onto the body of his nine-month pregnant wife and lighting her on fire over a "domestic row" in Sylhet's Kanaighat Upazila, reports bdnews24.com.The baby was stillborn while the housewife received treatment at Sylhet MAG Osmani Medical College Hospital on Sunday.The husband was...

Four killed in small plane crash in London

LONDON, July 14 (Reuters): Four foreign nationals were killed when a small plane crashed at London Southend Airport on Sunday shortly after takeoff, British police said on Monday.The US-built Beechcraft B200 Super King Air plane had been bound for the Netherlands, when it "got into difficulty and crashed within the...

Equip youth with technical skills in AI-era: Prof Yunus

Chief Adviser Prof Muhammad Yunus has underscored the urgent need for equipping youths with entrepreneurial and technical skills to prepare them for the evolving job market and making contribution to building a modern, developed Bangladesh, reports UNB.In a message issued ahead of World Youth Skills Day (July 15), Prof Yunus...

DU student commits suicide

A student of Dhaka University on Monday committed suicide stating guilt over "disturbing a person" and "doing wrong repeatedly" as the reason.The deceased has been identified as Sanju Baraik, hailing from Chunarughat in Habiganj. He was a student of the 2020-21 academic session of the Department of Anthropology.CCTV footage of...