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

Two power entities lavish money

Two power-distribution companies are found extravagant in their spending on development project-related land acquisition and procurement, overreaching government provisions, sources say.Bypassing the Rural Electrification Board (REB) instructions, two of its Palli Bidyut Samities (PBSs) procured super-enamel copper cable directly from a company without open tendering. Such purchase infringes the public...

65 entities get ICMAB best corporate awards

Some 65 organisations have received the 'ICMAB Best Corporate Award 2021' for their outstanding performance to ensure corporate governance. The Institute of Cost and Management Accountants of Bangladesh (ICMAB) honoured the organisations in 17 categories after reviewing their performances based on respective annual reports. The award distribution ceremony was held...

Woman dies as hit, dragged by ex-DU teacher

A middle-aged woman died after being hit and dragged by a rashly driven car on the Dhaka University (DU) campus on Friday afternoon.Former DU associate professor Azahar Zafar Shah of International Relations Department was driving the private car.The victim was identified Rubina Akhter (45). She died at Dhaka Medical College...

BOESL revises migration cost for nine countries

The state recruitment agency has revised the cost of migration for outbound workers after almost six years to make it more worker-friendly.The Bangladesh Overseas Employment and Services Limited (BOESL), the lone recruiter of the government, approved the revised charges for different countries at its board meeting recently, said officials.Recruitment costs...

Brick production hit, price rise feared as coal scarce

Coal-supply shortage is affecting production of local brickfields, raising fear of further price surge of the key construction material, sector insiders said.According to them, the country's brickfields are facing a shortage of coal, used as the primary fuel in brick manufacturing, due to lack of its necessary supply.They opined that...

$250m WB loans to control pollution

The World Bank has approved a $250 million financing package to help Bangladesh strengthen environmental management and promote private-sector participation in green investment.The credit, deriving from the World Bank's International Development Association programme for concessional financing, has a 30-year term with a five-year grace period, according to a statement of...

1971 loss a 'military failure'

Pakistan's Foreign Minister Bilawal Bhutto-Zardari has said the breakup of the country that led to the creation of Bangladesh in 1971 was a "military failure", reports UNB.The "debacle had created many challenges" for the Pakistan Peoples Party (PPP) led by his grandfather Zulfikar Ali Bhutto, he added.Bilawal, also PPP chairman,...

Qatar 2022 World Cup Group H football match between Ghana and Uruguay

Uruguay's goalkeeper Sergio Rochet (R) fouls Ghana's midfielder Mohammed Kudus (L) leading to a penalty shot for Ghana during the Qatar 2022 World Cup Group H football match between Ghana and Uruguay at the Al-Janoub Stadium in Al-Wakrah, south of Doha on Friday — AFP