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Bangladesh’s July-April trade deficit balloons to over 8 bln USD as import rises on easing political strife

DHAKA, July 2 (NsNewsWire) — Bangladesh’s trade deficit swelled by over 50 percent year-on-year to 8.49 billion U.S. dollars during the July to April period of the just concluded 2014-15 fiscal year as import marked rise on easing political strife in the country, an official said Wednesday, reports Xinhua. The Bangladesh Bank (BB) official, […]

China, OECD eye closer partnership

PARIS, July 2 (NsNewsWire) — China and the Organization for Economic Cooperation and Development (OECD) on Wednesday agreed to strengthen cooperation in areas ranging from macroeconomic management to green growth and beef up their two-decade-old partnership. The world’s second largest economy and the Paris-based organization reached the consensus during Chinese Premier Li Keqiang‘s visit to […]

CPC’s governing capacity win worldwide praise

BEIJING, July 1 (Xinhua) — On the occasion of the 94th anniversary of the founding of the Communist Party of China (CPC), foreign experts and scholars spoke highly of the party’s governing capacity and efforts in the fight against corruption. Mohamed Abdel-Wahhab al-Saket, a former Arab League ambassador to China, said the CPC’s glorious achievements […]

Experts promise to work with AIIB to promote sustainable infrastructure in Bangladesh

DHAKA, June 30 (NsNewsWire) — Leading green economy experts in a meeting with Bangladesh’s central bank governor have expressed their keenness to work with the Asian Infrastructure Investment Bank (AIIB) to promote sustainable infrastructure in Bangladesh, reports Xinhua. The meeting between the Bangladesh Bank (BB) Governor Atiur Rahman and Hans-Peter Egler and Daniel Wiener of […]

Bangladesh gets go-ahead for first technology business park

DHAKA, June 30 (NsNewsWire) — Bangladesh is to go ahead with development of a technolgy business park, Kaliakoir Hi-Tech Park (KHTP), which is expected to inject new life into the country’s IT industry, a junior government minister said on Sunday. An agreement was signed on Sunday between state run Bangladesh Hi-Tech Park Authority (BHTPA) and […]

AIIB agreement signed, China-led bank takes key step forward

BEIJING, June 29 (NsNewsWire) — A China-initiated multilateral bank that has dominated media headlines for months took a key step forward on Monday, with the signing of an agreement that outlines the framework and management structure for the institution. Representatives of the 57 prospective founding countries of the Asian Infrastructure Investment Bank (AIIB) gathered in […]

7th U.S.-India-Japan Trilateral Dialogue

DHAKA, June 28 (NsNewsWire) — On June 26, the United States hosted the seventh trilateral dialogue with India and Japan in Honolulu to exchange views on a broad range of regional and global issues of mutual interest. The discussion was co-chaired by Assistant Secretary of State for South and Central Asian Affairs Nisha Biswal, and […]

Bangladesh’s Summit to invest $1 bln to produce 1,310 MW electricity by 2020

DHAKA, June 28 (Xinhua) — Summit Group, the leading power generator in Bangladesh, will invest at least $1 billion to build five power plants capable of producing 1,310 megawatts (MW) of electricity by 2020, aiming to ease a prolonged crisis in the country’s energy supply, a senior executive said. Ayesha Aziz Khan, finance director, told […]

Will Bangladesh PM Sheikh Hasina vote in Karnataka civic polls?

Bengaluru, June 25 (NsNewsWire) — Believe it or not but it looks like Bangladesh Prime Minister Sheikh Hasina might vote in the upcoming civic polls in Bengaluru. If a voter ID card found in Karnataka is to be believed, Hasina is a resident of Bengaluru’s Thanisandra area. The card clearly shows her picture and names […]