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

PM asks BEZA to comply with environmental rules in SEZs

Prime Minister Sheikh Hasina asked Bangladesh Economic Zone Authority (BEZA) on Sunday to strictly ensure compliance of environmental standards and obligations in the special economic zones (SEZs), reports BSS. "The Prime Minister issued particular directives while she was addressing the BEZA's sixth Governing Council meeting at her office," Prime Minister's...

Ensure clarity in RMG outsourcing

A level-playing field can only ensure transparency in the global supply chain in bringing a change in the fashion landscape, said a Bangladeshi denim maker.He underscored the need for setting unified standards to practise transparency in reality and hold all involved in the supply chain accountable.Mostafiz Uddin, managing director of...

Order on Khaleda's bail pleas today

The High Court (HC) will pass its order today (Monday) on bail petitions filed by BNP Chairperson Khaleda Zia in three cases, reports UNB.A bench of Justice AKM Asaduzzaman and Justice JBM Hasan fixed the date after hearing on the petitions on Sunday.Attorney General Mahbubey Alam said the court fixed...

Hot weather likely to persist for days

The prevailing hot weather is likely to continue for the next couple of days, according to Met office. The highest temperature in Dhaka was recorded at 35.5 degree Celsius on Sunday, slightly up from 34.5 degree Celsius the day before in the capital. "Like Sunday, the weather condition in Dhaka...

HC questions legality of power tariff hike

The High Court issued on Sunday a rule asking the authorities concerned to explain as to why the decision of Bangladesh Energy Regulatory Commission (BERC) hiking power tariff at the retail and wholesale levels should not be declared illegal, reports UNB.An HC bench of Justice Moyeenul Islam Chowdhury and Justice...

‘Productive’ talks held on reinstating North Korea summit, says Trump

US President Donald Trump says "very productive talks" have been held with North Korea on reinstating the summit with leader Kim Jong-un, reports BBC.In a tweet, Mr Trump said the meeting could still take place on 12 June in Singapore "and if necessary will be extended beyond that date".He cancelled...

Two Bangladeshi UN peacekeepers die in road crash

Two soldiers of Bangladesh Army working in the UN peacekeeping mission in Central African Republic were killed in a road crash Saturday evening, report agencies.The deceased were identified as Sainik Arzan Howladar and Sainik Md Ripul Mia, said a press release of the Inter Services Public Relations (ISPR) on Sunday.The...

Akij Group gets $38m for acquisition of two Malaysian companies

Akij Group, one of the leading business conglomerates in the country has availed $38 million financing facility from two foreign banks for its acquisition of two Malaysian companies.Under the agreement, Akij will get US$ 24.5 million financing from German development finance institution Deutsche Investitions- und Entwicklungsgesellschaft (DEG) and another US$...

BB issues checklist for agent banking

The Bangladesh Bank (BB) issued a circular on Sunday, mentioning a checklist of some 20 supporting documents that will be required while applying for new agent banking or expanding the old ones.According to the BB, the checklist has been prepared in line with the "Prudential Guidelines for Agent Banking Operation...

US warships sail near South China Sea islands claimed by Beijing

WASHINGTON, May 27 (Reuters): Two US Navy warships sailed near South China Sea islands claimed by China on Sunday, two US officials told the news agency, in a move that drew condemnation from Beijing as President Donald Trump seeks its continued cooperation on North Korea.The operation was the latest attempt...

Law-enforcers taking into custody

Law-enforcers taking into custody a number of 'suspects' detained during an anti-drug drive at Ganakatuli under Hazaribag in the capital on Sunday morning — Collected