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China

China to build floating oil terminal for Bangladesh

The government is set to sign a contract with a Chinese company next month to establish the country’s first floating terminal in the Bay of Bengal to unload imported fuel oil, officials said yesterday. bangladesh-and-china-flagEnergy division officials said a state-owned Chinese company is to obtain the work order from the Bangladesh government to install the floating terminal - single point mooring (SPM) - in the sea near Maheshkhali Island. The energy division requested the planning commission (PC) last week to a...

Seminar on ‘Bangladesh-China Trade Finance’ in Kunming

  International Chamber of Commerce (ICC) - Bangladesh, The world business organization is organizing jointly with ICC China and CCPIT a Seminar on Bangladesh China Trade Finance : Role of Banks in Kunming, China on 21-22 August 2015. A total of senior level 44 bankers from 18 Banks including Bangladesh Bank will be participating at the Seminar. This is for the first time that ICC Bangladesh is organizing such a high level Seminar outside the country. Some 60 bankers of Chinese Banks will also be participating at the same Seminar together with Bangladeshi Bankers. bd-viet...
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Port investment in Bangladesh

Japanese investment in a new deep-water port at Matarbarhi Island on the southeast coast of Bangladesh highlights increasing geo-political rivalry fuelled by the United States and its allies as part of Washington’s “pivot to Asia.” The $US3.66 billion project cuts across a long-standing Chinese offer to build deep-water port facilities at Sonadia, only 25 kilometres from Matarbarhi. The Japanese investment, which also includes a 1,200-megawatt power plant, was confirmed last month by the Japan International Cooperation Agency (JICA). China has said that it was not interested in bidding for the Matarbarhi port and the Sonadia port project looks increasingly unlikely. [caption id="attachment_18346" align="alignright" width="612"]