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

All processes to be finished by Dec

The government is set to complete all the required processes to begin the construction of the long-delayed Eastern Refinery Limited (ERL) unit-2 by December 25, according to officials at the Energy and Mineral Resources Division (EMRD).The proposal is now awaiting placement before the Executive Committee of the National Economic Council...

Commercial oil transportation via Ctg-Dhaka pipeline to start this yr

CHATTOGRAM, Sep 10: The commercial operation of the fuel oil transportation through the Chattogram-Dhaka oil pipeline will begin this year. The commissioning operation started on August 16, marking the beginning of a new era in oil transportation in the country.Officials from the Bangladesh Petroleum Corporation (BPC) have stated that the...

Stern action if RMG owners fail to repay loans by Dec: Labour adviser

Shipping and Labour and Employment Adviser Brig Gen (retd) Dr M Sakhawat Hussain on Wednesday said the government would take stern legal action against garment factory owners who fail to repay the interest-free loans provided to pay workers' pending wages by December."To address labour unrest caused by unpaid wages, the...

'Some principles of China's GGI consistent with BD policy'

Some of the principles of the Global Governance Initiative (GGI), recently proposed by Bangladesh's position on the recent proposal by President Xi Jinping of China, are consistent with Bangladesh's policy, said a spokesperson of the Chief Advisor on Wednesday.He was replying to a question on Bangladesh's position on the GGI."For...

Two 'muggers' lynched in Mohammadpur

Two men accused of mugging were beaten to death in separate incidents that took place within four hours of each other in Dhaka's Mohammadpur.The attacks happened around 3:30am and 7:30am on Wednesday near the Nabinagar Bridge, within a short distance of each other, according to police, reports bdnews24.com.The dead men...

ITFC to provide $100m loan for fertiliser procurement

FE REPORTThe International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, has approved US$100 million in financing for Bangladesh's fertiliser procurement.The Bangladesh government signed the loan agreement with the Jeddah-based trade finance agency on Wednesday. The deal includes a Master Murabaha Financing Agreement and...

Controversial rice trader arrested again

Police have arrested controversial rice trader Abdur Rashid on charges of embezzlement, reports bdnews24.cim.The arrest was made at 6pm on Tuesday in the Bottoil area, the Kushtia Model Police Station said.Rashid, who was out on bail, is accused of fraud and intimidation in a case filed by Tofael Hossain, assistant...

A general view shows charred vehicles amid the remains of the torched Ncell headquarter building, Nepal's leading mobile service

A general view shows charred vehicles amid the remains of the torched Ncell headquarter building, Nepal's leading mobile service provider, a day after it was set ablaze by protesters in Kathmandu on Wednesday. Nepali demonstrators set parliament ablaze on Tuesday, while the veteran prime minister quit, as a "Gen Z"...