Business - NsNewsWire

AIIB’s Board of Directors Approves $509 M Financing for its First 4 Projects:Power, Transport and Urban Investments span South, Southeast and Central Asia

Beijing, June 24 (NsNewsWire) — The Asian Infrastructure Investment Bank’s Board of Directors today approved its first 4 loans totaling $509 million to finance 4 projects. Three of the 4 projects are co-financing operations with multilateral development bank (MDB) partners. The approved loans are:  a $165 million loan for a Power Distribution System Upgrade […]

Robi train ticketing solution makes Eid travel easy

DHAKA, June 23 (NsNewsWire) — As we near the end of the holy month of Ramadan, people are busy making their travel plans to visit their near and dear ones across the country. Long queues have already become a common site in the major railway stations of the country. As the leading digital service provider […]

Solar home systems lighting up rural Bangladesh

DHAKA, June 23 (NsNewsWire) — The Rural Electrification and Renewable Energy Development II (RERED II) Project provides electricity in rural remote villages of Bangladesh through solar power and renewable energy sources. Together, the RERED II and its predecessor RERED project have supported more than 3.9 million solar home systems (SHS) in rural Bangladesh benefiting over […]

Grameenphone pledges to educate about online bullying

DHAKA, June 22 (NsNewsWire) — With an estimated half billion youth in Telenor Asia’s markets of Bangladesh, India, Malaysia, Myanmar, Pakistan and Thailand accessing the internet for the first time in the next five years, Grameenphone and its parent company, Telenor Group, hope to educate young users on the benefits of connectivity, as well as […]

Helping Smooth and Reliable Electricity Supply in Rural Bangladesh

DHAKA, June 21 (Xinhua) — Access to grid electricity in rural areas is rapidly increasing with more than 300,000 new connections every month in Bangladesh. However, rural households often suffer from power cuts due to electricity supply constraints, network congestion, and over-loading. Through the Rural Electricity Transmission and Distribution (T&D) Project, the government is addressing […]

High interest rates, low financial literacy amongst barriers to RMG remediation: IFC/ILO Study

DHAKA, June 20 (NsNewsWire) — High interest rates and a lack of financial literacy are highlighted as major obstacles to factories in the Bangladesh Ready Made Garment (RMG) sector from obtaining remediation financing according to a report launched by the International Finance Corporation (IFC) and International Labour Organization (ILO) in Dhaka today. According to the […]

Youth hooked on mobile messaging but preference varies, says Telenor research

Fornebu, June 20 (NsNewsWire) — The Facebook family is strengthening its position amongst digital frontrunners globally. While most time is spent on messaging apps, today’s young consumers still rate SMS and mobile calls as intrinsic to their communication habits. And there’s a new challenger on the market: watch out as internet calls gain momentum in […]

Bangladesh Signs $130 Million World Bank Loan for Economic Zones

DHAKA, June 19 (NsNewsWire) — The government of Bangladesh today signed a $130 million additional financing agreement with the World Bank to scale up support for the recently licensed and new economic zones to attract foreign and domestic investment as well as to create more jobs in the manufacturing sector. The additional financing to the […]

Outgoing Egyptian Ambassador calls on Foreign Minister

DHAKA, June 14 (NsNewsWire) — The outgoing Egyptian Ambassador in Bangladesh and the Dean of the Diplomatic Corps in Dhaka Mahmoud Ezzat made a farewell call on Foreign Minister A H Mahmood Ali MP this morning in the Foreign Ministry. The Egyptian Ambassador expressed his thanks and appreciation for extending all support to him in […]