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Top destinations for visitors

Asian cities continue to dominate a global list of leading destinations in attracting international visitors arriving by air, according to the annual MasterCard Global Destinations Cities Index. Besides, seven out of the world’s top 10 fastest growing destination cities are in the Asia-Pacific, which is a strong leading indicator of their continuing outstanding performance in the years to come, MasterCard said in a report yesterday. top citiesAsian cities have made up half of the top 10, with Bangkok retaining its position at number...

Adani, Reliance to build Bangladesh power plants

Two leading Indian power firms will build several plants in Bangladesh to produce up to 4,600 megawatts of electricity, a senior official said on Saturday. [caption id="attachment_16647" align="alignleft" width="300"]modi-hasina Indian PM Narendra Modi handing over main steering wheel of INS Vikrant to Sheikh Hasina at the Prime Minister's Office in Dhaka Saturday, June 6, 2015.[/caption] Adani Power Limited of India and Reliance Power Limited of India signed separate memorandums of understanding with state-run Bangladesh Power Development Boa...

Indian insurance co to do business in Bangladesh

Bangladesh’s insurance sector regulator has approved the Life Insurance Corporation of India (LIC) to operate in the country, a media report said on Wednesday. insurance“We have given LIC a letter of consent upon certain conditions. They will be able to start operations once they are fulfilled,” bdnews24.com quoted Bangladesh Insurance Development and Regulatory Authority (IDRA) chief M. Shefaq Ahmed as saying. A joint venture entity with the paid-up capital of one billion taka (around $13 million) -- LIC Bangladesh Ltd.—will be created for this p...

ADB loan to address severe power shortages in Bangladesh

The Asian Development Bank (ADB) today signed the finance agreements for a loan of $75 million to Summit Bibiyana II Power Company Limited for a private sector gas-fired power plant in Bangladesh to help the country address severe power shortages. “The project will benefit households, business and industry by improving access to electricity,” said Hayato Hoshi, senior investment specialist with ADB’s Private Sector Operations adb1Department. “It will also help to further promote private sector investment in Bangladesh’s energy sector where few major in...

India may outmanoeuvre China in Bangladesh power project

State-owned Bharat Heavy Electricals Ltd (Bhel) has been allowed to bid for a contract to set up a $1.68 billion power project in Bangladesh, enabling India to muscle in on a potential Chinese move on the deal. This comes in the backdrop of Prime Minister Narendra Modi’s planned visit to the eastern neighbour. [caption id="attachment_16548" align="alignleft" width="300"]modi-kSY--621x414@LiveMint The development comes in the backdrop of Prime Minister Narendra Modi’s Bangladesh visit. Photo: Reuters[/caption] As ...

India pavilion at BD Power, Energy Trade Show

With aview to giving an opportunity to the entrepreneurs to access the global market, Confederation of Indian Industry (CII) with the support of the Ministry of Commerce and Industry and High Commission of India, Bangladesh is organising the ‘India Pavilion’ at Bangladesh power and energy exhibition. bd-indiaThe fifteen edition of Power Bangladesh will be held from December 3 to 5, 2015 at Bashundhara Convention City Kuril, Dhaka, Bangladesh. The exhibition will focus on various topics on power sector such as transmission and distribution of electrica...
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