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Dhaka, Beijing ink 1 deal, 8 MoUs

Bangladesh and China on Friday signed an agreement on economic and technical cooperation and eight MoUs on translation and production of classics, exchanges and cooperation on cultural heritage, news exchange, media, sports and health sectors.

Chief Adviser's Deputy Press Secretary Abdul Kalam Azad Majumder confirmed this.

In addition, he said, five announcements were made for launching formal negotiations on investment. An instrument was signed for commencement...

BGMEA completes workers’ wage, allowance before Eid

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has announced the completion of wage and allowance payments for workers in the ready-made garment (RMG) sector ahead of Eid-ul-Fitr.

Following BGMEA's request, the government took advance measures, instructing banks to release incentive funds, said a BGMEA press release issued on Thursday night.

This move enabled entrepreneurs to make payments for February wages, partial or full March wages, and festival b...

Reserve reaches to $25b with record remittance

Foreign currency reserves have crossed US$25 billion mark before the end of March, thanks to a record inflow of remittances this month.

The country's gross reserves have risen to $25.44 billion, according to data released by the Bangladesh Bank (BB) Thursday night.

The surge came after a significant increase in remittance inflows, which reached $2.94 billion in the first 26 days of March, the highest for any month in the country's history. However, as ...

Yunus urges China to play role in establishing peace

Chief Adviser Professor Muhammad Yunus urged China to play a greater role in establishing peace, prosperity and stability for both nations on Friday. The Chief Adviser made the call this morning when he held bilateral talks with Chinese President Xi Jinping at the Great Hall of the People in Beijing. [caption id="attachment_33118" align="alignleft" width="558"] Chief Adviser Professor Muhammad Yunus joined the meeting with Xi Jinping, President of the People’s Republic of China in People's Great Hall, Beijing on Friday. Pho...

WB approves $200m to help modernise social protection system

The World Bank's (WB) Board of Executive Directors on Wednesday approved $200 million to expand coverage and strengthen delivery of the national social protection system to benefit more than 3 million poor people in Bangladesh.

In partnership with the Ministry of Social Welfare and the Ministry of Finance, the Strengthening Social Protection for Improved Resilience, Inclusion and Targeting (SSPIRIT) project will support the government to develop an integrated and comprehensive social prote...

Adani resumes full power supply amid payment row

Indian billionaire Gautam Adani’s power generation unit has resumed full electricity supply to Bangladesh, four months after reducing output by half due to unpaid dues.

Rezaul Karim, Chairman of the Bangladesh Power Development Board (BPDB), confirmed on Thursday that regular payments are now being made to Adani, and the country is receiving power as required.

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