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If works out, it may well turn out to be one of the first case in which an Indian private company will build a liquefied natural gas (LNG) terminal outside the country. To add to the list firsts and making it strategically important for India, it would be the maiden floating LNG terminal in the […]

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By: Dilasha Seth NEW DELHI: Bangladesh has asked India to commit 15 lakh bales of cotton each year to its fast-growing garments industry. India’s frequent bans and restriction on export of farm produce to keep a check on domestic prices has invited criticism from its regular buyers. In an interview to ET, Bangladesh Commerce Minister […]

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DHAKA: Bangladesh Sugar and Food Industries Corporation has delayed by a week the bidding deadline in its first ever international tender to export 50,000 tonnes of refined sugar, a senior corporation official said on Sunday. The state agency issued the tender last month in which the sugar from locally produced cane will be exported to […]

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Mohammad Amjad Hossain from Virginia, USA The grand alliance government, led by Awami League, has strengthened bilateral relations with the Russian Federation at the fag end of its administration. Since the break-up of the Soviet Union in 1991 when the Russian Federation emerged, Russia has now been relegated from the status of a superpower to […]

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WTO chief Lamy talks to The Daily Star on prospects and challenges ahead Uday Sankar Das, from Chittagong Bangladesh is moving ahead rapidly showing cohesion in adjusting to various changes and demands, and has the potential to become an emerging economy, Pascal Lamy, director general of the World Trade Organisation, said yesterday. “Bangladesh achieved a huge reduction […]

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Md Fazlur Rahman Mobilising external resources should be the central element of any Padma bridge financing plan to ensure its implementation without compromising macroeconomic stability, experts said yesterday. The issue of alternative financing sources for the $2.9 billion bridge has come to the fore following the government’s announcement that it would no longer pursue the […]

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KUALA LUMPUR: A special purpose vehicle (SPV) comprising two Malaysian companies would be formed to undertake a RM2.4bil worth development project in Bangladesh. Special Envoy to India and South Asia, Datuk Seri S. Samy Vellu said the SPV will sign two memoranda of agreement, one with the Bangladeshi government and another with the related companies […]

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World Bank Group President Jim Yong Kim has strongly said the lender would not finance the Padma bridge until certain conditions are met to heighten oversight in the project and Bangladesh gives an assurance that a complete and fair probe is under way. “Until certain conditions are met to heighten oversight in the project and […]

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TEKNAF, Bangladesh, January 31 (UNHCR) – Along one of the world’s longest stretches of sandy beach, groups of men brace themselves every night for the adventure ahead. They roll up their longyi, a sarong-like wrap commonly worn in the region, and board boats guided by the moonlight. They leave at midnight when the sea is calmer. Some […]

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Bangladesh cut interest rates for the first time since 2009 to support economic growth, citing risks to expansion from an uncertain global outlook. Bangladesh Bank lowered its benchmark repurchase rate to 7.25 percent from 7.75 percent, it said in Dhaka today. The monetary-policy stance for January through June seeks to bolster investment in productive industries, […]

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Mott MacDonald has been appointed by the government of Bangladesh to support three development projects aimed at reducing poverty and increasing incomes in the country. All three schemes are financed by the Asian Development Bank (ADB). The consultancy is providing design and supervision services for the sustainable rural infrastructure improvement project (SRIIP), which will foster […]

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AGRA: India today asked Bangladesh to allow smaller ships to operate between Vizag and Chittagong for faster movement of goods and reduction in shipment costs. The issue came up for discussion during the bilateral talks between Commerce and Industry Minister Anand Sharma and Bangladesh’s Commerce Minister, Ghulam Mohammad Quader here. An official said Sharma requested […]

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