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WB to provide $ 600m loan for Bangladesh rural power

Bangladesh will receive a US$600-million loan from the World Bank (WB) in order to improve electricity supplies to rural areas, in order to reduce poverty and create jobs, the mulitlateral lender said in a statement on Saturday. The loan was approved by the World Bank's board a day earlier. wbThe credits from the International Development Association (IDA), the World Bank's concessionary arm, have 40 years to maturity with a 10-year grace period and carry a service charge of 0.75 per cent. Mohammad Saiful Isla...

GDP growth may down by revenue fall, low govt investment

Fall in revenue earnings and low public sector investment may hamper gross domestic product (GDP) growth in the current fiscal year 2013-14, said a local think tank Saturday. The annual GDP growth may fall below the decadal average of six per cent and may reach as low as 5.65 per cent, The Unnayan Onneshan, an independent multidisciplinary think-tank, in its current issue of the Bangladesh Economic Update, said, the Financial Express. The UO cautions that the pressure in revenue collection is likely to add up to budget deficit, which is targeted at 4.6 per cent of GDP in FY 2013-14. Unnayan-Onneshan

Negligence attributed to Jamuna oil depot fire

Gross negligence of duty, allegedly by some officials, including engineer (maintenance) and depot manager, of the state-run Jamuna Oil Company Ltd, caused the Friday’s fire at its oil depot in the city’s Patenga area. At least nine employees of Jamuna Oil suffered burn injuries in the incident. Though skilled personnel were supposed to be present on the spot, they remained absent during the risky work of installing automatic oil measurement instruments in place of manual ones in the oil depot, a Jamuna Oil official said on condition of anonymity, reports UNB. Mentioning that such risky installation work should not have been carried out in the evening, he said the matter needs to be investigated.

Workshop on art of communication held in city

‘It was an outstanding program which radically changed my previous understandings about effective communication’, said Sumon Selim who took part in a workshop on The Art of Communication organized by Bangladesh Youth Empowerment Society (BYES) at the EMK Center, Dhanmondi in the capital recently. BYES has been working for youth empowerment and development through different capacity building programs and this workshop was the latest addition of those programs. It was a houseful event as the auditorium of EMKCenter was packed with participants. Even the lounge was full of some enthusiasts who were standing outside the auditorium. 'After the announcement of the event, we received an overwhelming response and struck by the enthusiasm to a...

Bloomberg’s $10m gift targets Bangladesh drownings

Former New York City Mayor Michael Bloomberg's foundation is donating $10 million to a program aimed at preventing the drownings of Bangladeshi children who may be improperly supervised while their parents are at work. [caption id="attachment_4570" align="alignleft" width="300"]drwaning Workers assemble playpens at a factory in northern Bangladesh as part as part of a Bloomberg Philanthropies drowning-prevention program. Bloomberg Philanthropies[/caption] Bloomberg Philanthropies, the charity of the billionaire businessman and former mayor, is partne...

Robi 3.5G Internet Mela held in Comilla

Mobile phone operator Robi Axiata Ltd organized the ‘Robi 3.5G Internet Mela’ at VictoriaCollege in the Sadar upazila of Comilla district on Thursday. Robi, in partnership with multiple government ministries, launched the ‘3.5G Internet Mela’ on November 16, 2013 from the Tongi Govt. College of Tongi upazila in Gazipur. The 3.5G Internet Mela, the first private-public partnership (PPP) initiative of its kind, with support from the Ministry of Information and Communication Technology (MoICT), the Ministry of Information and the Ministry of Health & Family Planning, will be cover 500 colleges in 429 thanas across Bangladesh.
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