China’s inflation up 1.6 pct in October

BEIJING, Nov. 10 (NsNewsWire) — China’s consumer price index (CPI), a main gauge of inflation, grew 1.6 percent year on year in October, the National Bureau of Statistics (NBS) said Monday. The inflation index was in line with the consensus projection, and was the same as that of September, which was the lowest since January […]

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Nobel laureate Yunus’ reputation precedes him in the Saudi capital

DHAKA, Nov. 9 (NsNewsWire) — The excellent reputation of Professor Muhammad Yunus preceded him when he came to the Saudi capital on Monday night as the winner of the 2nd Global Entrepreneurship Award (GEA 2014). Visitors at the awards ceremony had their eyes fixed upon him as he entered the Ritz-Carlton in Riyadh, whispering among […]

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Mobile distributor SiS subsidiary to be listed in Bangladesh bourses

DHAKA, Nov. 6 (NsNewsWire) — A leading Asian investment holding company has announced that its subsidiary — Information Technology Consultants Limited (ITCL) — will be separately listed on the Dhaka Stock Exchange and the Chittagong Stock Exchange in Bangladesh. ITCL Wednesday made the announcement in a press release. SiS International Holdings, engaged in the distribution […]

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Bangladesh goes Africa way for Bharti Airtel

Gopal Vittal took over as the CEO of Bharti Airtel (India) at a time when the company was under stress. The trump card — Vittal, which Sunil Mittal has played for a possible turnaround of the company, worked in favour. The country’s largest cellular operator reported its first growth in profit after 15 consecutive quarters […]

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Power supplies restored after Bangladesh ‘national grid tripped’

DHAKA, Nov. 2 (NsNewsWire) — Power supplies have been restored across Bangladesh after Saturday’s unprecedented breakdown of the national grid. A senior official of the Power Grid Company of Bangladesh told NsNewsWire on Sunday morning that power supplies have already been restored to all over Bangladesh. Nearly nine hours after the grid failure, authorities managed […]

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Bangladesh building fire doused, three media suspend operations

DHAKA, Oct. 31 (NsNewswire) — A devastating fire broke out at a high rise building in Dhaka’s Karwan Bazar area Friday morning, forcing three news media outlets to halt operations. No casualties were reported. The BSEC building caught fire at around 11:45 a.m. local time, forcing two private television news channels — NTV and RTV […]

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Bangladesh: Capitalist Haven

Earlier this month, the Pew Research Center released the second of two major reports detailing findings from a global public opinion survey on economic issues conducted last spring in 44 countries. Read together, the two reports reveal something you might not have guessed: Bangladesh is among the countries most supportive of the free market, and […]

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Bangladesh makes trading across borders easier:World Bank Group report finds

Washington, Oct. 29 (NsNewsWire) — A new World Bank Group report finds that four of eight economies in South Asia implemented at least one regulatory reform making it easier for local entrepreneurs to do business in 2013/14. Three countries—Bangladesh, Nepal, and Pakistan—focused their efforts on adopting modern electronic systems to facilitate business activity. Released today, […]

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