DHAKA, Jan. 3 (NsNewsWire) — A consortium of companies from the People’s Republic of China—Sichuan Road and Bridge Group, Shamim Enterprise Ltd., and UDC Construction Limited—have signed a concession contract with the Government of Bangladesh to upgrade the Dhaka Bypass under a public-private partnership (PPP) arrangement. The Asian Development Bank (ADB) acted as financial advisor […]

DHAKA, Dec. 19 (NsNewsWire) — The government of Bangladesh today signed a $500 million financing agreement with the World Bank to improve livestock and dairy production as well as provide better market access to 2 million household farmers and small and medium-scale agro-entrepreneurs.   The Livestock and Dairy Development Project will help stimulate private sector […]

DHAKA, Dec. 18 (NsNewsWire) — Bangladesh’s total services export income in the first four months of the current fiscal year 2018-19 (July 2018-June 2019) soared 56.46 percent year-on-year to nearly 2 billion U.S. dollars, an official said on Monday, reports Xinhua. The official from Export Promotion Bureau (EPB) told Xinhua that the country fetched a […]

WASHINGTON, Dec. 12 (NsNewsWire)-The World Bank today approved a $250 million development policy operation to help the Government of Bangladesh strengthen its capacity to create more, better-paid and quality jobs in a rapidly changing environment. The Programmatic Jobs Development Policy Creditaims at supporting Bangladesh develop a stronger policy and institutional framework to address barriers to creating more and […]

WASHINGTON, Dec. 9 (NsNewsWire) — The World Bank approved $500 million to improve livestock and dairy production in Bangladesh so that the country can meet growing demand for egg, meat and milk and thereby improve the nutritional intake of its citizens. The Livestock and Dairy Development Project will improve agricultural productivity and market access of 2 million […]

DHAKA, Dec. 5 (NsNewsWire) — The leading global ICT solutions provider, Huawei has received top honors in three categories, namely VoLTE Innovation of the Year, LTE Innovation of the Year and Smart City Innovation of the Year at the 11th Readers’ Choice & Innovation Awards. The program was organized by Telecom Asia Readers’ Choice & […]

LONDON, Dec. 4 (NsNewsWire) — Following the completion of its previously announced strategic review, GlaxoSmithKline plc (LSE/NYSE: GSK) today announces the divestment of Horlicks and other consumer healthcare nutrition brands to Unilever plc (“Unilever”) and the merger of GSK Consumer Healthcare Limited (“GSK India”) with Hindustan Unilever Limited (“HUL”) for a total consideration valued at […]

DHAKA, Dec. 4 (Xinhua) — Bangladesh’s foreign exchange reserves reached about 31 billion U.S. dollars by the end of November, central bank data showed on Monday. Bangladesh Bank (BB) data showed the country’s foreign exchange reserves stood at 30,990.12 million dollars in November from 32,077.96 million dollars in October. With the existing reserves, officials said […]