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Japan uses climate cash for coal plants in India, Bangladesh

Despite mounting protests, Japan continues to finance the building of coal-fired power plants with money earmarked for fighting climate change, with two new projects underway in India and Bangladesh, The Associated Press (AP) has found. [caption id="attachment_718" align="alignleft" width="300"]UN climate meet cop 19 File Photo[/caption] The AP reported in December that Japan had counted $1 billion in loans for coal plants in Indonesia as climate finance, angering critics who say such financing should be going to clean energy like solar ...

Social Impact Bonds for factories in Bangladesh

The two main initiatives established in response to the 2013 Rana Plaza disaster in Bangladesh, where nearly 1,200 garment workers lost their lives from a factory collapse, are wrestling with a critical question: Who should pay for the work needed to ensure basic factory safety standards in Bangladesh? ranaplazaIt turns out that the global economy has enough financial assets, yet funds don’t always flow in the areas where they are needed. The global debt market is around $78 trillion and growing. Every week, an average of $100 billion in inv...

Oracle to expand Asia Pacific sales teams

Oracle on Wednesday announced significant recruitment plans that will add 1,000 new employees to its sales force across Asia Pacific (APAC). The expansion will help equip Oracle to drive growth and support demand for Oracle Cloud solutions across the region. oracleAs the only vendor who delivers complete SaaS, PaaS, and IaaS capabilities, Oracle is The Cloud Company. Each year, Oracle invests $5 billion in research and development to help ensure the company’s products are the most innovative in the industry. Today, the cloud opportunity in APAC is fueled by...

GSK, Save the Children to support Academic Chair at BRACU

GSK and Save the Children are to support the establishment of an Academic Chair at BRAC University (BRACU) in Bangladesh, as part of their five-year collaboration to help save the lives of one million of the world’s most vulnerable children. save the childrenSpeaking at the BRAC Frugal Innovation Forum, in Savar, Ramil Burden, Vice President of Developing Countries Asia and External Affairs at GSK, announced that GSK and Save the Children will support the establishment of an Academic Chair and centre of excellence for manage...

Electric power transmitted wirelessly in Japan

Space-based solar power is now a legitimate possibility following a breakthrough by Japanese researchers, who successfully transmitted electric power wirelessly to a pinpoint target using microwaves, reports The Washington Post. The researchers were able to transform 1.8 kilowatts of electric power into microwaves and transmit it with accuracy into a receiver located 55 meters away, said Japan Aerospace Exploration Agency (Jaxa). [caption id="attachment_14228" align="alignleft" width="300"]sun-space-AP new This image provided by NASA...

Bangladesh to import 100,000 T wheat

Bangladesh’s state grains buyer reissued two tenders on Monday to import a total of 100,000 tonnes of wheat as the country’s extensive import programme continues. wheatThe closing date for both the tenders is April 8 and shipment expected within 40 days after contract signing, a senior official of the state grains buyer said. The tenders were earlier cancelled as bidders failed to comply with terms and conditions. The state grains buyer plans to ship in 900,000 tonnes of wheat in the year to June 2015.

Source: Reuters

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