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

‘Risky’ garment units getting UD facilities

The apparel trade bodies have not stopped issuing utilisation declaration (UD) certificates yet to "non-compliant" and "risky" garment factories, violating government order.Last month, the state-run Department of Inspection for Factories and Establishments (DIFE) in separate letters asked the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Bangladesh Knitwear Manufacturers...

RMG workers clash with cops in N’ganj: 50 hurt

NARAYANGANJ, Oct 22 (UNB): At least 50 persons were injured in a clash between garment workers and police in front of Narayanganj Export Processing Zone (EPZ) in the Adamjee area of Siddhirganj on Sunday morning.Hundreds of workers of different factories started to gather outside the EPZ main gate from 7.00...

BPC in difficulty with LC opening for fuel oil import

CHATTOGRAM, Oct 22: The Bangladesh Petroleum Corporation (BPC) is facing difficulties in importing fuel oils as the state-owned commercial banks are unwilling to open letters of credit (LCs) on grounds of incurring losses due to the foreign exchange rate fluctuations.On October 18, the Rupali Bank Ltd. declined to open an...

Sea-level rise to make 0.2m internal migrants

Increased soil salinity for sea-level rises is likely to make nearly 0.2 million coastal residents internally displaced in Bangladesh, a study showed.The climate-induced changes will force them to migrate to inland areas to find alternate livelihoods, it said on Monday.The study examined, for the first time, a complex link between...

Media reports link Saudi crown prince to killing

ISTANBUL, Oct 22 (AFP): Turkey's pro-government media published new claims on Monday linking Saudi Crown Prince Mohammed bin Salman to the death of journalist Jamal Khashoggi after President Recep Tayyip Erdogan vowed to reveal the "naked truth" about the case.Erdogan said at the weekend he would give new details in...

Provision in draft civil service act goes against constitution: TIB

Transparency International Bangladesh (TIB) has termed 'anti-constitutional and discriminatory' the proposed provision in the draft 'Civil Service Act-2018' of not arresting public servants without prior permission. Government employees accused of criminal offences could not be arrested without prior permission of the authorities concerned, according to the draft act placed in...

‘Insurance gap’ to cost disaster-prone poor nations including BD dear: Lloyd’s

BARCELONA, Oct 22 (Thomson Reuters Foundation): Disaster-prone developing nations, including Bangladesh and Indonesia, are exposed to crippling losses when storms, floods or earthquakes strike because they suffer from a dangerous lack of insurance, industry experts said on Monday.Globally, assets worth about $163 billion are not insured against catastrophes, posing a...

Rebels in Congo kill 15, abduct a dozen children

Congolese rebels killed 15 civilians and abducted a dozen children in an attack in the centre of the latest outbreak of the deadly Ebola virus, Congo's military said Sunday. The violence threatened to again force the suspension of efforts to contain the virus, reports AFP.The Ebola outbreak in the Democratic...

Two workers die inhaling toxic gas in Ctg

CHATTOGRAM, Oct 22 (NUB) : Two workers died after inhaling toxic gas in a septic tank of Chattogram WASA at Madunaghat in Hathazari upazila on Monday.The deceased were identified as Nazrul Islam, 30, son of Abdur Rauf of Patuakhali district and Yusuf, 22, son of Al Amin of Kachua upazila...