Nepal and India are working to increase cross-border connectivity and energy cooperation, sealing a number of deals, including a long-term energy cooperation plan that paves the way for Nepal to expor…
Investment
Bangladesh Receives $858 Million World Bank Financing to Improve Climate Resilient Agriculture Growth and Road Safety
The government of Bangladesh and the World Bank today signed two financing agreements totaling $858 million to enhance climate-resilient agricultural growth, food security, and improve road safety. Th…
Bangladesh unveils $71 billion budget on digital economy, cashless society
The government projected an economic growth of 7.5 per cent in the annual budget, reports Xinhua news agency. Image Courtesy: Reuters. The Bangladesh government has unveiled a record 7.62 trillion tak…
India’s Adani Group weighs $3 bln investment in Vietnam
India’s Adani Group is exploring the possibility to invest up to $3 billion in seaport and renewable energy projects in Vietnam, the Vietnamese government said in a statement on Wednesday. The s…
Saudi Arabia offers to make large-scale investment in Bangladesh
Saudi Arabian minister of investment Khalid A Al-Faliah and minister of economy and planning Faisal Alibrahim recently met Prime Minister Sheikh Hasina in Doha and offered to invest in various sectors…
UAE, Saudi, India railway: US reveals new initiative to create major rail network
Jake Sullivan, United States National Security Advisor, met with Mohammed bin Salman, Saudi Prime Minister and Crown Prince; Sheikh Tahnoon bin Zayed Al Nahyan, UAE National Security Advisor and Ajit …
Malaysia opens its renewable energy market to PPAs, cross-border trade
Malaysia’s Ministry of Natural Resources, Environment and Climate Change and Ministry of Economy are working together to establish plans and determine new renewable energy initiatives and programs to …
Bangladesh-World Bank Partnership: A Robust and Resilient Alliance in Pursuit of Sustainable Development
“The journey was not always easy, but we have never lost courage. In the past 50 years, the World Bank remained a steadfast development partner and supported our aspirations. We hope to work together …
Decarbonisation is a trade imperative for Vietnam
The EU plans to implement the world’s first carbon border adjustment mechanism (CBAM) from October 2023. During the transition period, the scheme will require importers to report the embedded carbon i…
India steps up rupee’s internationalisation for Sri Lanka’s economic recovery
India-Sri Lanka Rupee trade: Several banks in Sri Lanka have opened special rupee trading accounts, called Vostro accounts. This means that Sri Lankan citizens can now hold $10,000 (₹8,26,823) in phys…