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

Reliance inks final deals with Bangladesh entities

The Reliance Bangladesh LNG and Power Ltd, owned by the Reliance Power Ltd of India, signed final deals with three Bangladeshi entities concerned on Sunday to construct a 718-megawatt (MW) combined cycle power plant.Under the agreement, the power plant project will be implemented within 36 months of inking the deal...

Clauses for arbitration will be there in all govt contracts

Minister for Law, Justice and Parliamentary Affairs Anisul Huq on Saturday said the government has decided in principle to incorporate appropriate clauses for arbitration and mediation in its all contracts. He also said the government has taken steps to ensure that both foreign and local arbitration awards can be enforced...

DP World keen to turn BD into logistic hub

DP World, the Dubai-based port operator-cum-global trade enabler, is interested in investing infrastructure development holistically to turn Bangladesh into a regional logistic hub.It is initially contemplating investment in rail, road and air infrastructure along with digitisation and skill manpower development.The company showed its willingness during the first Bangladesh-Dubai public-private partnership...

Exclusion from NRC doesn’t mean statelessness: Delhi

Exclusion from the final citizenship list will not make any Assam resident "stateless," Indian government said on Sunday."It also does not make him or her a 'foreigner' within the legal meaning of the term. They will not be deprived of any rights or entitlements, which they enjoyed earlier," the Indian...

Experts for more trained bankers in Islamic finance

The two-day international workshop on 'Islamic Capital Market and Sukuk' ended at a city hotel on Sunday, with a hope for creating more trained and efficient bankers in Islamic banking and finance.Experts and representatives from different entities concerned, banks and financial institutions expressed the hope at the concluding session of...

Saudi-led coalition bombs Yemen prison, kills over 100

SANAA, Sept 01 (AFP): More than 100 people are believed to have been killed when the Saudi-led coalition fighting Huthi rebels launched an air strike on a detention centre in Yemen, the International Committee of the Red Cross said Sunday."We estimate over 100 people were killed," Franz Rauchenstein, head of...

Woman dies of dengue, 902 fresh cases in 24 hours

One more person died of dengue while some 902 more people got infected with the deadly virus in 24 hours as of Sunday morning. The number of dengue cases was 760 in the previous 24 hours.The deceased, Khadiza Akhtar, 42, had been undergoing treatment at Enam Medical College Hospital in...

Planning for the future

High priced brand manufacturers were forced to opt for cheaper brands following the global meltdown in 2008. That and the prospects of slower economic growth gave rise to numerous companies catering to the more affordable products. As it stands today, in a world where recycling as opposed to wastage is...

Science Lab blast could be a prelude to bigger attacks, warns Quader

The crude bomb attack on police in the city should not be played down, said Awami League General Secretary Obaidul Quader, adding that the blast could be a precursor to a bigger plot by militants, reports bdnews24.com.The roads and bridges minister warned that although the attack was ostensibly aimed at...

Myanmar to punish soldiers in Rohingya atrocities probe

YANGON, Sept 01 (AFP): Myanmar said its military was conducting a rare court martial following a probe into alleged mass graves in crisis-hit Rakhine state, two years after a bloody crackdown drove some 740,000 Rohingya into Bangladesh. In February 2018, an Associated Press report alleged at least five mass graves...

DNCC eviction drive sparks unrest

A drive by Dhaka North City Corporation (DNCC) to demolish an unauthorised structure has sparked unrest between the madrasa students and the authorities in the capital's Mohammadpur, reports bdnews24.com.The incident occurred during an initiative led by two DNCC executive magistrates to remove a tin-shed dwelling on the corner of a...