PM lays foundation stone of first-ever metro rail project

DHAKA, Oct. 31 (nsnewswire) — Prime Minister Sheikh Hasina has laid the foundation stone of the country’s first-ever metro rail project  scheduled to be implemented in three phases by 2022. The foundation laying ceremony took place in Gazipur on the outskirts of capital Dhaka on Thursday evening. Bangladesh in February this year signed a loan […]

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IPFF Project financed USD 20 Million

DHAKA, Oct. 31 (Xinhua) — IPFF disbursed 20 million USD from its on-lending component to M/S Baraka Patenga Power Limited at Patenga in Chittagong through its PFIs United Commercial Bank Limited (USD 14.04 million) and Trust Bank Limited (USD 5.87 million). In its 2nd phase of operation this is the largest amount of money that […]

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Bangladesh’s July-August trade deficit narrows to 790 mln USD

  DHAKA, Oct. 31 (nsnewswire) — In the first two months of the current 2013-14 fiscal year the country’s trade deficit narrowed by about 11 percent year on year to 790 million U.S. dollars, showed officials data Thursday.    According to statistics of the central bank of Bangladesh, the country’s import payment was 5.783 billion U.S. […]

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Bangladesh makes notable progress in reforms for easy business start:WB

DHAKA, Oct. 29 (nsneweswire) — A new World Bank Group report says that Bangladesh has made notable progress in reforms that make it easier to start and run a business in the country.  The report, Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises,released today from Washington analyzes regulations that apply to businesses during their life cycle, […]

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Helping Vulnerable Communities Increase Resilience to Climate Change

DHAKA, Oct. 28 (nsnewswire) — The Government of Bangladesh has set up a multi-donor trust fund, the Bangladesh Climate Change Resilience Fund (BCCRF), which acts as a mechanism for large-scale climate change financing in Bangladesh. One of the two windows of BCCRF, the Community Climate Change Project (CCCP) is allocating funds on a competitive basis to non-governmental […]

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Unnayan Onneshan: Bangladesh faces major structural weakness

DHAKA, Oct. 26 (nsnewswire) — The Unnayan Onneshan, an independent multidisciplinary think-tank, in its latest monthly economic update reveals that the country’s terms of trade have been deteriorating unabated, reflecting a major structural weakness of the economy. The terms of trade, the value of exports relative to that of imports, reached at 70.1 percent in […]

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Indian onion selling at Rs 45 in Bangladesh

New Delhi: Though onion prices have shot through the roof in India, it is selling at much cheaper price in the neighbouring Bangladesh. As per a national news daily, onions are selling at Rs 45 in Bangladesh, while onion prices continue to reign at as much as Rs 100 a kg in major cities in […]

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Bangladesh commemorates tragedy victims, survivors seek compensation

DHAKA, Oct. 24 (Xinhua) — Survivors and their loved ones on Thursday marked the six-month anniversary of Bangladesh’s worst- ever industrial tragedy, while many families express anger and annoyance due to lack of proper aid. Rana Plaza, an eight-story building housing five garment factories crumbled into a cement grave on April 24 in Savar on […]

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