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

Nasrul, experts cross swords over prospects of renewables

Experts and state minister for power and energy Nasrul Hamid on Monday differed over the prospect of solar energy in Bangladesh.The state minister said the country could not adopt solar-power plants as major sources due to land scarcity and higher cost. "Considering all types of things in Bangladesh including dense-population...

Stop sending domestic helpers to KSA as cases of sexual harassment surge

More than 90 per cent Bangladeshi migrant domestic helps is subjected to sexual harassment at their workplaces, especially in Saudi Arabia, said a rights lawyer on Monday."Many of them do not tell their stories to families fearing of relation break up," said Salma Ali, executive director of Bangladesh National Women...

PKB set to become scheduled bank

Probashi Kallyan Bank (PKB) is set to go into operation as a scheduled bank by March as the government has completed all preparations in this regard, sources said.To this effect, Financial Institutions Division (FID) has sent a summary paper to the finance minister, seeking his approval for issuing a gazette...

Rising imports raise concern, says economist Mansur

Economist Ahsan H Mansur believes import spending may balloon to $60 billion this fiscal year, reports bdnews24.com.At the current exchange rate, the amount will be approximately Tk 5.0 trillion, which is Tk 1.0 trillion more than the national budget for fiscal year 2017-18 and Tk 500 billion more than the...

National bee fair gets one day extension

The National Bee Fair-2018 has been extended by one day until today (Tuesday) following a positive response both from the visitors and participants.The fair kicked off at AKM Giasuddin Milky Auditorium in the capital on Sunday with 54 public and private institutions taking part. A total of 60 stalls have...

News Briefs--(20-02-2018)

B'desh-Myanmar border trade on upswing The border trade between Myanmar and Bangladesh reached US$ 22 million in earlier of the month of the current fiscal year (2017-18). The amount showed an increase of $13 million as of February 09 compared with the same period last fiscal year, a Myanmar media...

Infrastructure Development Company Limited mandated for raising $ 63 million term loan

Infrastructure Development Company Limited has been mandated for raising $ 63 million term loan for a 100mw fuel-fired power project in Chittagong by Acorn Infrastructure Services Unit-2 Limited (AISLII). Mahmood Malik, Executive Director and CEO, and Nazmul Haque, Director (Investment) from IDCOL, Tarique Ekramul Haque, Managing Director, and M Jahangir...

Moon calls for 'stern' response to US tariffs

SEOUL, Feb 19 (AFP): South Korean President Moon Jae-in called Monday for a "stern" response to new US tariffs on the South's exports as concern grew over looming trade restrictions by Washington. US President Donald Trump last week threatened retaliatory action against China and South Korea and vowed to revise...

Singapore to help cos in economic transformation

Teo Chee Hean SINGAPORE, Feb 19 (Agencies): Singaporean Deputy Prime Minister Teo Chee Hean said here Sunday that the government would continue to help companies and trade unions in their economic transformation through the employment of technologies and the training of the workforce. Teo, who also acts as the Coordinating...

News in Brief(20-02-2018)

China biggest trade partner for all states of Australia CANBERRA, Feb 19: China remains the largest trading partner for all six Australian states, a report said on Monday. The "Australia's Trade by State and Territory 2016-17" report, released by the Department of Foreign Affairs and Trade (DFAT) on Monday, found...

Greenback finds footing after steep fall

TOKYO, Feb 19 (Reuters): The dollar found some traction on Monday following last week's steep fall and managed to hold above a three-year low against a basket of currencies.The dollar index against a group of six major peers was mostly steady at 89.045 after enjoying a modest bounce on Friday...