China's Jiangsu Etern Co Ltd signed a deal worth $1.1 billion to strengthen the power grid network in Bangladesh, the company said on Thursday, ahead of a visit to the country by Chinese President Xi Jinping.
The Power Grid Company of Bangladesh Ltd and Etern signed the four-and-a-half year deal to "expand, rebuild and
upgrade Bangladesh's nationwide electrical network system", Etern said in a filing to the Shanghai stock exchange.
Etern said Bangladesh had applied for concessionary loans from China for the project, which ...
Bangladesh and China today signed 26 agreements and Memorandum of Understanding (MoUs) during the landmark visit of Chinese President Xi Jinping.
The agreements and MoU include boosting cooperation in counter-terrorism and infrastructure development and
energy cooperation.
Chinese President Xi Jinping and Prime Minister Sheikh Hasina witnessed the signing of the deals and MoUs.
They also jointly unveiled six projects, including multi-lane tunnel beneath the Karnaphuli River in Chittagong from the prime minist...
Chinese president Xi Jinping on Friday said the Bangladesh-China relations are now at ‘new historical’ turning point and heading towards a ‘promising future’.
“China-Bangladesh cooperation will deliver more fruits for the people of the two countries, and will contribute to peace and stability and development in the region,” he said.
The Chinese president made the remarks after official talks with prime minister Sheikh Hasina and signing of 27
MoUs and agreement between the two countries at the Prime Minister’s O...
Country’s exports fell 5.6 percent in September from the same period a year earlier to $2.24 billion, the Export Promotion Bureau said on Monday, 18 percent below target.
For July-September, the first quarter of the country´s 2016-17 financial year, exports rose 4 percent to $8 billion from a year earlier, the Export Promotion Bureau said.
Shipments of readymade garments, comprising knitwear and woven items, totalled $6.66
billion in July-September, up 3.5 percent on-year.
Garment exporters attributed the September dr...
Chinese President Xi Jinping’s groundbreaking visit to Bangladesh this week is expected to raise bilateral relations to new heights and result in investment to boost Bangladesh’s economic growth.
The visit, ahead of the eighth BRICS summit in Goa starting Saturday, will be a “milestone,” Assistant Minister of Foreign Affairs Kong Xuanyou said at a press briefing on Monday in Beijing, the Xinhua News Agency reported, adding that deals would be inked, and that bilateral relations would be strengthened.
During his state visit, Xi will meet with President Abdul Hamid, National Assembly Speaker Shirin Sharmin Chowdhury, and hold talks with Prime Minister Sheikh Hasina.
“This is the first state visit [to Bangladesh] from a Chinese head of State for the past three decades,” Jiang Jing...
Leading economists, academics and policy researchers today stressed that Dhaka- Beijing cooperation should be further enhanced in the areas of energy, power, agriculture, education and human resources development.
They said that smart negotiations and smooth implementation of Chinese funded projects are similarly important to encourage Foreign Direct Investment (FDI) from China with favourable terms and conditions, BSS reports.
“Bangladesh needs very smart negotiations with China over the possibility of US$23 billion
