Business - NsNewsWire

International Infrastructure Summit 2015 kicks off on 9 September, 2015 in Dhaka

DHAKA, Sept. 7 (NsNewsWire) — The International Infrastructure Summit 2015 is about to kick off on 9th September, Wednesday, 2015 at The Pan Pacific Sonargaon, Dhaka, sponsored by edotco Bangladesh Co. Ltd. The theme for this year’s forum, ‘Infrastructure Technology & Innovations’ will focus on carving the path to transform Dhaka into the Center of […]

China economy enters “new normal” eyeing 7 pct growth rate: G20

ANKARA, Sept. 6 (NsNewsWire ) — The Chinese economy has entered a “new normal” status and the growth rate of economy is predicted to be around 7 percent in the coming 4 to 5 years, said Chinese Finance Minister Lou Jiwei here on Saturday. Lou said it in a written statement after the 2-day G20 […]

GMR Plans to Export Power from its Nepal Plant to Bangladesh

Infra major GMR Group, which is setting up two hydel power projects in Nepal, is in discussions with Bangladesh government among others to export power from the Himalayan country, PTI reports. “Initial discussions were initiated for tying up sale of power with Government of Bangladesh, Power Trading Company (PTC) / NTPC / Vidyut Vyapar Nigam […]

197 punished for spreading rumors about stock market, Tianjin blast

BEIJING, Aug. 31 (NsNewsWire) — A total of 197 people have been punished in a special campaign by Chinese police targeting online rumors about China’s stock market, the recent fatal explosions in Tianjin or other key events. A statement issued by the Ministry of Public Security on Sunday said that 165 online accounts were closed […]

Apollo planning to expand operations in Bangladesh, Kolkata

Kolkata, Aug. 31 (NsNewsWire) – The Apollo Hospital Group is planning to expand its operations in Bangladesh and Kolkata in the next few years, a top official of the city facility said today, reports PTI. “We presently have a hospital in Dhaka. We have plans to have one more hospital in Chittagong,” Apollo Hospital ECO, […]

Volatilities are “natural consequence” of China’s economic transition

WASHINGTON, Aug. 27 (NsNewsWire) — Recent volatilities of Chinese stock markets and the currency depreciation are “natural” in such an economic transition as China is undergoing, chairman of the Principal Financial Group said, reports Xinhua. Larry Zimpleman, also chief executive officer of the Principal Financial Group, said in a recent interview with Xinhua that he […]

Bangladesh to approve proposal for new road to Myanmar

DHAKA, Aug. 25 (Xinhua) — Bangladesh’s economic policy-making body is all set to approve a proposal for constructing a new road to Myanmar, aimed at boosting bilateral trade. A Planning Ministry official who did not like to be named said the Executive Committee of the National Economic Council will likely approve the proposal on Tuesday […]

New tech facilitates preparation of China’s V-Day parade

BEIJING, Aug. 24 (NsNewsWire) — New technologies have helped Chinese armed forces to better prepare for the Sept. 3 parade, which will be attended by more than 10,000 military personnel and showcase the latest weaponry, reports Xinhua. The Navy installed laser rangefinders on parade vehicles so that they can maintain a set distance from one […]

China Mobile announces new chairman

BEIJING, Aug. 24 (Xinhua) — China Mobile, the world’s largest telecom operator by number of subscribers, announced on Monday that Shang Bing has replaced Xi Guohua as board chairman. Shang, 60, worked as senior manager for China Unicom and China Telecom before becoming vice head of China’s Ministry of Industry and Information Technology in 2011. […]