Business - NsNewsWire

China’s growth slows to 7 pct in Q1

BEIJING, April 15 (Xinhua) — China’s economic growth slowed to 7 percent in the first quarter of 2015, down from 7.3 percent in the fourth quarter, the National Bureau of Statistics (NBS) announced on Wednesday. The latest figure was better than the forecasts by multiple institutions that first-quarter growth would fall slightly below 7 percent […]

Investing in Better Rural Connectivity for Bangladesh

DHAKA, April 13 (NsNewsWire) — The Second Bangladesh Rural Transport Improvement Project (RTIP II) helps to improve the rural roads network in the country side. It provides rural communities with improved access to school, hospitals, markets and jobs, said a World Bank press release. The project benefits approximately 22 million people living near project area […]

AIIB to be lean, clean and green, Chinese officials say

China and all the member countries of the Asian Infrastructure Investment Bank (AIIB) will be committed to building a bank which would be lean, clean and green, said Jin Liqun in Singapore on Saturday, reports Xinhua

India-Bangladesh coastal shipping service sets sail

India-Bangladesh cross-border trade received a major fillip with the introduction of a new coastal shipping service between the two neighboring nations. The service, branded the Prantik Bangladesh India Xpress, or Prantik BIX, connects Kolkata to Chittagong, Bangladesh’s main cargo gateway, reports http://www.joc.com/maritime-news/trade-lanes/india-bangladesh-coastal-shipping-service-sets-sail_20150410.html. “Industry leaders have opined that this direct service will benefit shippers from all […]

Bangladesh suffers 2.2 bln USD economic loss from political unrest in 3 months of 2015: World Bank

DHAKA, April 12 (Xinhua) — The World Bank Sunday said the Bangladeshi economy has suffered a heavy loss from the prolonged political unrest. The Washington-based lender in an updated report revealed that the country has suffered a financial loss of around 2.2 billion U. S. dollars in the last three months of political turmoil. “Bangladesh […]

KAFCO contributes nearly 12 mln taka to labor welfare foundation

DHAKA, April 9 (NsNewsWire) — Karnaphuli Fertilizer Co. Ltd. (KAFCO) has contributed nearly 12 million taka to the Sramik Kalyan Foundation. Industries Secretary Md Mosharraf Hossain Bhuiyan, also a KAFCO board director, handed over the cheque amounting to 117, 32,479 taka , 0.5% of KAFCO profit for the financial year 2013-14 , to Md […]

Grameen Intel teams up with RRF to provide e-agro services to farmers

DHAKA, April 9 (NsNewsWire) — Grameen Intel Social Business Ltd and Rural Reconstruction Fundation (RRF) have teamed up to provide e-agro services to thousands of farmers in a rural Bangladesh district. In this connection, a Memorandum of Understanding (MoU) , concerning collaboration for Information Technologies transfer to Bangladesh rural farmers, has been signed between Grameen […]

Bangladesh’s mobile phone users reach nearly 122 mln in January

DHAKA, April 8 (NsNewsWire) — The total number of Bangladesh’s mobile phone subscribers reached nearly 122 million at the end of January with addition of 1.514 million new users in the first month of the year, statistics of the country’s telecom regulator showed Tuesday. According to Bangladesh Telecommunication Regulatory Commission ( BTRC) data, the number […]

Japan hints interest in China-led AIIB, earmarking 1.5 bln USD as contribution

TOKYO, April 8 (NsNewsWire) — Japan has indicated that it remains interested in joining the China-proposed Asian Infrastructure Investment Bank (AIIB) with local media reporting Wednesday that the government had earmarked 1.5 billion U.S. dollars as its contribution. The government here has prepared a draft document on the possibility of its joining the AIIB, which […]