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Yunus honored by Indian PM Narendra Modi

Indian Prime Minister Narendra Modi presented a gold medal to honour Nobel Laureate Professor Muhammad Yunus at the opening ceremony of the 102nd Indian Science Congress in Mumbai on 3 January. Professor Yunus along with four other Nobel Laureates and five scientists from India received the gold medal during the inaugural session of the Indian Science Congress in the presence of more than 20,000 strong audience including Ministers, Chief Ministers, leading scientists, Vice Chancellors of dozens of Indian Universities and delegates from India and abroad. Yun...
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WB to provide $ 500m to for riverbank improvement

The World Bank (WB) continues to show its confidence on Bangladesh government and provide another loan of USD 500 million to Bangladesh for riverbank improvement projects to prevent erosion and reduce the incidence and severity of flooding along selected sections of the Brahmaputra and Jamuna. The government earlier sought such assistance under the ongoing country assistance strategy (CAS) of the WB. In 2001, the WB provided USD 192 million for this purpose. wbSpeaking about the project, ERD sources said the project would improve access to socioeconomic se...

China offers preferential loan to renovate KPM      

China has offered preferential loan to renovate the Karnaphuli Paper Mills (KPM) in Chittagong to enhance its production capacity to 30,000 metric tonnes a year. In a letter to the Industries Secretary on December 5, 2014, DGM of the China National Machinery Import and Export Corporation (CMC) Zhao Zhengxian also requested the Bangladesh government to take necessary steps for signing an MoU between CMC and Bangladesh Chemical Industries Corporation (BCIC) to facilitate the works. kpmSources at the Economic Relations Division (ERD) said an internatio...

Bangladeshi political feud plays out in Chicago street

The request to put up a pair of familiar brown street signs on North Clark Street in Rogers Park sailed through the Chicago City Council, joining the 1,500 other honorary roadways aldermen have approved for 50 years. This one, however, didn’t end up a feel-good move, like bestowing the sobriquet “Frank Sinatra Way” on a stretch of Grand Avenue in a traditionally Italian neighborhood or proclaiming a couple blocks of Campbell Avenue in North Center the “DeVry Institute of Technology Court.” [caption id="attachment_11459" align="alignleft" width="300"]

Bangladesh left out of US GSP review  

Bangladesh has not been included in the list of countries now under review of the US GSP programme that could alter their beneficiary status. The GSP status of Bangladesh as also other countries has been suspended in June last year, following which the US authorities were reviewing the worker rights, child labour, intellectual property rights, or arbitral awards issues to consider reinstating the trade preferences. Since the suspension of the GSP programme, a number of countries continued to be reviewed that could alter their beneficiary status, according to the latest Trade Policy Review of US by the World Trade Organisation (WTO). But in the review list Bangladesh was not included.

US-BD partnership deeper ever, terms Mozena  

Outgoing US Ambassador Dan W Mozena said he is proud of the current state of partnership between Bangladesh and the USA saying it has never been deeper, broader and stronger than today. “I reviewed the state of our partnership. It’s never been broader, deeper and stronger than today. I’m very proud of that,” he told reporters after his meeting with Foreign Minister AH Mahmood Ali at the latter’s office on Thursday, UNB reports. mozenaGiving his brief statement, Mozena said having disagreement is an important part of any matured relationship an...
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