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

Nassa's Tk 40b loan being rescheduled

On an avowed purpose of facilitating production and protecting jobs in beleaguered Nassa Group, the defaulter kingpin's loan worth nearly Tk 40 billion out of its accumulated debts is set to be rescheduled.One of the giant apparel makers in Bangladesh, NASSA's loans have been taken from five commercial banks, insiders...

Chemical warehouse fire tamed finally

The fire that devastated a garment-factory building and its chemical warehouse killing 16 people in Dhaka's Mirpur area on Tuesday could be brought fully under control on Wednesday noon. Yet it will need 24 to 72 hours to begin search operation as the spot became extremely hazardous."We have announced that...

Dithering clouds solar power future

Bangladesh's solar ambitions seem losing steam as 17 recently proposed solar-power plants, each offering the reduced tariffs ever, have been left waiting for approval while some previously contracted ones lie in limbo. Sources say the "bureaucratic dithering" is frustrating sponsors, foreign investors and energy experts alike, as the current push--locally...

Safety at stake as many RMG units run sans affiliation with trade bodies

Several hundred apparel factories that export directly or partly are not associated with any of the two apparel apex bodies -- BGMEA and BKMEA -- thus posing safety risks to their workers.The workers' safety issues of those factories remain either less or properly monitored, industry insiders have said.According to them,...

No compromise, charter signing, polls as set

Speculations over adoption of the national charter apparently evaporated after Chief Adviser Muhammad Yunus joined consensus commission's meeting Wednesday and asserted the signing of the document Friday.The head of interim government also believes all the parties will sign on the charter and participate in the historic signing event at the...

Two shipping lines row back amid CPA’s tough stance

Two major shipping lines which announced Port Cost Recovery (PCR) Surcharge and Emergency Cost Recovery Surcharge to and from Chittagong have backtracked on realising those following the port authority's tough stand, officials say.They announced the surcharges to adjust the rise in operation costs as the Chittagong Port Authority (CPA) increased...

Over 60pc votes cast in CUCSU polls

CHITTAGONG, Oct 15: The much-awaited Chittagong University Central Students' Union (CUCSU) and hall union elections were held today (Wednesday). According to Chief Election Commissioner Prof. Dr. Monir Uddin, over 60 per cent of the total votes have been cast in the elections. Counting was ongoing until the last report was...

RU ready for historic vote today

Rajshahi University is all set to hold the Rajshahi University Central Students' Union (RUCSU), Senate, and Hall Union elections today, after 35 years.Voting will take place from 9 am to 4 pm across 17 polling centers housed in nine academic buildings.The university has taken on a festive mood - banners,...