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

Counter-guarantee against $300m ITFC loan soon

The government is set to issue a counter-guarantee against an ITFC loan worth US$ 300 million to finance fuel oil import by Bangladesh Petroleum Corporation (BPC), officials said.A BPC official said the loan will be taken from the International Islamic Trade Finance Corporation (ITFC) which requires a guarantee from the...

A homeless man sleeping with his sons under Maghbazar-Mouchak flyover as Cyclone Fani brought life

A homeless man sleeping with his sons under Maghbazar-Mouchak flyover as Cyclone Fani brought life to a standstill in the city on Saturday afternoon — FE photo by KAZ Sumon

High migration cost taking heavy toll on outbound workers: Minister

High migration cost is taking its heavy toll on outbound Bangladeshi workers, the state minister for expatriates' welfare and overseas employment said on Saturday."We have initiated different measures including insurance coverage and cash incentives for the well-being of migrant workers," Imran Ahmed said while speaking at a regional consultation on...

PM thanks Allah for saving Bangladesh from Fani’s wrath

Prime Minister Sheikh Hasina expressed on Saturday gratitude to Almighty Allah as cyclone 'Fani' did not cause any major damage in any part of Bangladesh, reports UNB."Fani hit the country on Saturday morning. It swept through the mainland over south and south-western Jashore-Satkhira districts before turning into a depression," a...

Fani disrupts power supply to rural areas

Cyclone 'Fani' has severely affected electricity distribution system, rendering nearly half of rural consumers without power, reports UNB.Areas under the Power Development Board (PDB) and West Zone Power Distribution Company (WZPDCO) were also affected.Electricity transformers, power lines and poles were damaged as Fani razed through the coastal and north and...

Visitors seen at a stall of 7th Zakat Fair held at Krishibid Institution at Khamarbari

Visitors seen at a stall of 7th Zakat Fair held at Krishibid Institution at Khamarbari in the city on Saturday. Centre for Zakat Management organised the fair Story on page 17 — FE photo

$10b spent to hire foreign execs for MNCs in BD

The country requires to spend US$ 10 billion worth of foreign currencies annually for hiring mid and top level executives especially in multinational companies (MNCs). This is mainly because the required manpower could not be created in the country.The observations came at a lecture series titled 'Leadership at the Top...

UN calls for calm, restraint by all in Rakhine state

Acting UN Resident and Humanitarian Coordinator in Myanmar Knut Ostby has called for calm and utmost restraint by all, protection of civilians under all circumstances, and respect for international humanitarian and human rights law in Rakhine, reports UNB.Ostby is following the recent reports of escalation of violence and civilian casualties...