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

Govt to seek $ 1.0b funds from ADB, China

The government will seek nearly US$ 1.0 billion funds from the Asian Development Bank (ADB) and China to upgrade Faridpur-Barisal-Kuakata highways into four-lane, officials said on Saturday.They said the Roads and Highways Department (RHD) has already requested the Economic Relations Division (ERD) to seek the necessary funds from the development...

Power Div warns of scrapping S Alam Gr's coal power plant

The Power Division under the ministry of power, energy and mineral resources (MPEMR) has warned S Alam Group of annulling contracts over the delay in financial closing of 1,224 megawatts (MW) coal-fired power plant project."We gave a December 31 deadline for the group to complete financial closing of its thermal...

Fire risk remains in half of Accord factories

More than half of the Accord-inspected 1,600 garment factories have not installed adequate fire detection and prevention system yet, according to latest findings. On the sixth Tazreen factory fire anniversary, advocacy group Clean Clothes Campaign (CCC) revealed this, findings urging the Bangladesh government to support the Accord's appeal to lift...

Women's overseas jobs drop 18pc in 10 months

Women's overseas jobs have declined by more than 18 per cent in the past 10 months of this calendar year, according to official statistics.Some 81,000 women went abroad with jobs during the January-October period of the year, the Bureau of Manpower Employment and Training (BMET) data said.The number of overseas...

European Parliamentary team meets PM

A European Parliamentary delegation paid a courtesy call on Prime Minister Sheikh Hasina at her official Ganabhaban residence in the city on Saturday evening, reports BSS.Briefing reporters after the meeting, PM's Press Secretary Ihsanul Karim said Giuseppe Fernandino, MP, led the six-member team.He said the delegation members were highly impressed...

Three Bangladeshis held in Delhi after shootout

Three suspected members of a Bangladeshi robbery gang were arrested after a shootout with the police in Delhi, police said on Saturday.The shootout happened between 12.15 am and 12.30 am on the intervening night of Friday and Saturday, NDTV reports.According to Rajiv Ranjan, additional commissioner of police (Crime), the Bangladeshi...

US govt report says climate change to batter economy

Climate change will cost the US economy hundreds of billions of dollars by the end of the century, hitting everything from health to infrastructure, according to a government report issued on Friday that the White House called inaccurate, reports Reuters.The congressionally mandated report, written with the help of more than...

Spacecraft set for Mars landing tomorrow

TAMPA, Nov 24 (AFP): A spacecraft that cost nearly a billion dollars is on course to make a perilous landing on Monday on Mars, if it can survive a high-speed approach and the scorching heat of entering the Red Planet's atmosphere, a process NASA has nicknamed "six and a half...