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Rail boom in Bangladesh

After decades of neglect and decline, the nation’s railway network, much of it dating back to British colonial times, is being updated under a $30 billion plan to renovate stations and workshops, buy new trains and lay thousands of kilometres of new track. The renewed enthusiasm for rail in one of Asia’s poorest nations is largely thanks to China, and its ambitious agenda to extend trade tentacles across Asia. China’s efforts to turn its Silk Road investments into workable projects have been slow-going in more developed countries like Thailand because of a reluctance to become too dependent on Asia’s largest economy. But for Bangladesh, the combination of technology and cheap finance is irresistible.

JS passes Finance Bill, 2016

The Finance Bill, 2016 was passed in the Jatiya Sangsad today as determined by the House with some changes to tax and customs duties. Finance Minister Abul Maal Abdul Muhith proposed passage of the bill that included the implementation of government's financial proposals and amendments to several laws. The bill was introduced in the House on June 2. bd-parliament1Opposition bench member Kazi Feroz Rashid proposed publishing the bill for eliciting public opinion by July 5, 2016, while JP lawmakers Nurul Islam Oma...

Govt moves forward with Rooppur

Just days after the Bangladesh Atomic Energy Regulatory Authority (BAERA) issued the first site licence for the Rooppur nuclear power plant, the country’s cabinet has approved the draft of an intergovernmental agreement that will see Russia provide $11.38 billion in credit for the project. The licence - allowing preliminary site works, including geological surveys, to begin at Rooppur - was presented to Bangladesh Atomic Energy Commission chairman Ali Zulqarnain by BAERA chairman Naiyyum Chowdhury, in a ceremony held in Dhaka on 21 June. The ceremony was followed by the second meeting of the Joint Coordinating Committee on the

China to renovate BICC

China will renovate Bangladesh’s largest multi-purpose convention centre namely Bangabandhu International Conference Centre (BICC) which Beijing built as a token of friendship about 15 years ago. Shahidullah Khandaker, Secretary in Bangladesh’s Ministry of Housing and Public Works, and Li BICCGuangjun, Economic and Commercial counsellor of the Chinese Embassy at Dhaka, signed the Minutes of Implementation on Sunday, Xinhua news agency reported. Bangabandhu International Conference Centre (BICC), also known as Bangladesh-China F...

Over 1m sign UK petition for second EU vote

More than a million people have signed a petition calling for a second referendum, after “Leave” voters won a shock victory to pull Britain out of the European Union, an official website showed Saturday. The website of the parliamentary petition at one point crashed due to the surge of people adding their names to the call for another nationwide poll following Thursday’s historic vote. “We the undersigned call upon HM Government to implement a rule that if the remain or leave imagesvote is less than 60% based (on) a turnout...

BD plans trade renegotiation to face challenges from Brexit

Bangladesh would soon plan trade renegotiations with the United Kingdom (UK) to tackle the challenges that the country would face following the Brexit referendum, Commerce Minister Tofail Ahmed said today (Saturday). The UK is leaving the European Union (EU) as Britons on Friday voted to exit the EU, sending a global warning of severe impact on the countries’ trade and economy particularly those are closely associated with the Euro block, reports BSS. [caption id="attachment_23897" align="alignleft" width="650"]Britain-648583
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