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No basis for persistent RMB depreciation: central bank governor

WASHINGTON, April 17 (NsNewsWire) — The Chinese currency renminbi (RMB) has remained “basically stable” against a basket of currencies and there is no basis for persistent RMB depreciation, Chinese central bank governor said on Saturday, reports Xinhua. “Recent movements in the RMB exchange rate reflected well the managed floating exchange rate regime based on market […]

Pro-opposition Bangladeshi journalist arrested for attempted kidnapping of PM’s son in U.S.

By Naim-Ul-Karim DHAKA, April 17 (Xinhua)– A Bangladeshi journalist known for his pro-opposition views has been arrested on charge of aiding conspirators who allegedly attempted to abduct and murder Sajeeb Wazed Joy, son of Prime Minister Sheikh Hasina, reports Xinhua. Hours after his detention on Saturday, journalist Shafik Rehman, considered a well-wisher of ex-Prime Minister […]

India keen to develop ports in Africa, Bangladesh, Iran

New Delhi: Pursuing its proactive maritime policy, the government has expressed keenness to develop ports for various countries including Africa, Bangladesh and Iran, reports PTI. “During the recent summit of heads of African nations, Prime Minister Narendra Modi and External Affairs Minister Sushma Swaraj expressed desire that India can join hands with various African nations for […]

Bangladesh tightens security ahead of Bengali New Year

DHAKA, April 12 (NsNewsWire) — Bangladesh authorities have decided to heighten security in capital Dhaka and elsewhere the country as part of their efforts to ensure foolproof security for celebrating Bengali New Year, reports Xinhua. Dhaka Metropolitan Police Commissioner Asaduzzaman Mia told journalists Monday that stringent measures will be put in place to prevent any […]

Bangladesh Receives $217 Million from World Bank to Increase Power Generation, Improve Efficiency

DHAKA, April 07 (NsNewsWire) — The government of Bangladesh today signed a $217 million financing agreement with the World Bank’s International Development Association (IDA) to upgrade a unit in the Ghorashal power station, which will increase the unit’s existing electricity generation capacity by more than double. The Ghorashal Unit 4 Repowering Project will transform a […]

Chinese FM meets with Myanmar’s Suu Kyi

NAYPYIDAW, April 5 (Xinhua) — Chinese Foreign Minister Wang Yi Tuesday met with his Myanmar counterpart Aung San Suu Kyi here to discuss the development of bilateral relations shortly after the installation of Myanmar’s new government. During their meeting, Wang said that his official visit to Myanmar at the invitation of Suu Kyi immediately after […]

Xi eyes British royal family’s role in promoting China-UK friendship

BEIJING, April 6 (NsNewsWire) — President Xi Jinping said on Tuesday that he expects the British royal family to continue to play an active role in promoting mutual understanding and friendship between the Chinese and British people, reports Xinhua. Xi told visiting British Prince Andrew that he was looking forward to a more solid foundation […]

Bangladesh decides to fine operators for misuse of customers’ fingerprints

DHAKA, April 5 (NsNewsWire)– Bangladesh’s cabinet Monday decided to fine the cell phone operators for misuse of the customers’ biometric data secured during the ongoing registration of SIM (Subscriber Identity Module) cards, reports Xinhua. After the cabinet meeting with Prime Minister Sheikh Hasina in the chair on Monday, spokesman Mohammad Shafiul Alam told reporters that […]

Economic indicators signal recovery of Chinese economy

BEIJING, April 4 (NsNewsWire) — China’s economy may have just come back for a recovery, recent economic indicators signaled. Latest data showed that China’s manufacturing activity rebounded in March to its highest level since last August while non-manufacturing sector also reversed a downward trend since December. Meanwhile, profits of China’s major industrial firms, which saw […]