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$ 300m WB loan for child health

Bangladesh is to get a $300-million loan from the World Bank's International Development Association (IDA) to help improve child nutrition after a deal was signed on Monday. The project will provide financial help to about 600,000 of the country's poorest mothers. [caption id="attachment_12912" align="alignleft" width="300"]Monowara holds her 22-day-old grandson Arafat, as she walks through a mustard field on the outskirts of Dhaka Monowara holds her 22-day-old grandson Arafat, as she walks through a mustard field on the outskirts of Dhaka January...

US calls for democratic space to resolve differences

Washington calls on every political actor in Bangladesh to play a role to stop violence and move into democratic space to resolve differences. Marcia_BernicatUS ambassador to Bangladesh Marcia Stephens Bloom Bernicat conveyed her country’s position on the current crisis to foreign minister A H Mahmood Ali at the foreign office on Tuesday. “We reiterate our call from Washington that everyone plays a role to stop violence and to move into the democratic space that Bangladesh is blessed to have,” Bernicat told newsmen after the m...

Bangladesh fears growth setback amid unrest

Finance minister Abul Maal Abdul Muhith fears the current spate of political unrest will stop Bangladesh from achieving its targeted GDP growth despite a toughened government stance to tackle the violence that has claimed more than 75 lives in the past five weeks. “Even in December, I was fully hopeful about reaching 7.2 per cent GDP growth ... but now I am highly doubtful about reaching the target” he told a late Saturday briefing, while financial analysts feared the unrest would hurt many small traders and people who earn their livelihood on a day-to-day basis. hartal

Saudi to take maids, housekeepers & drivers

Saudi Arabia will primarily import maids, drivers and housekeepers from Bangladesh at “a minimum cost” with the employers bearing the full migration expenses. Governments of both countries agreed in this regard, a week after the KSA withdrew the seven-year-embargo on import of labour from Bangladesh. passport BdProcessing through state-managed, private agencies Tk 15,000-20,000 per worker, but no ceiling on recruitment agency’s fees Employment at a minimum salary of 1,200-1,500 Saudi Riyal Employers to bear migration cost: pl...

Vietnam likely to take over BD in apparel export

Vietnam is likely to overtake Bangladesh in the global apparel export market share once the Trans Pacific Partnership (TPP) takes shape. According to a research report by Standard Chartered Bank, the agreement is likely to benefit Vietnam’s apparel industry, while hurting South Asian competitors like Bangladesh and Sri Lanka. china RMGThe TPP free trade grouping consists of Vietnam, along with 11 others namely Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and the US. Negotiations have yet to re...

Dhaka opposes Beijing dam plan on Brahmaputra

In a significant development in which India failed to take-up issues with the Chinese government, Bangladesh has dared to push the issue relating to both the neighboring countries. According to a media report Chinese government planned to construct several mega dams and hydro projects in Brahmaputra (Lohit) basin in Tibet’s Jangmu and Great Bend region. Bangladesh opposed the Chinese plan through a strong letter from Dhaka to Beijing. China-flagA copy of the letter from Bangladesh’s foreign office was also sent to Bangladesh high commis...
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