Business - NsNewsWire

Bangladesh guardedly welcomes Benetton’s $1.1M pledge for 2013 factory disaster victims

Bangladesh guardedly welcomes Benetton’s $1.1M pledge for 2013 factory disaster victims Waterloo Region Record DHAKA, Bangladesh — A Bangladeshi garment industry leader on Saturday guardedly welcomed Italian retailer Benetton’s pledge of more than $1 million to victims of a factory collapse that killed 1,100 people two years ago, saying it had come late but was […]

International Labour Organization (ILO) Assistant Director General and Regional Director for the Asia-Pacific visits Bangladesh

DHAKA, April 20 (NsNewsWire) — Tomoko Nishimoto, ILO Assistant Director General and Regional Director for the Asia-Pacific arrived in Dhaka Sunday 19 April, ahead of the second-year Rana Plaza commemoration. She is due to meet with the Hon’ble State Minister Mr. Md. Mujibul Haque Chunnu, Minister for Labour and Employment as well as Hon’ble Minister […]

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 […]