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China borrows from BRICS Bank; Bangladesh to drop China from 5 projects
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The BRICS New Development Bank (NDB) has announced that it approved 7 billion yuan (about 1.08 billion U.S. dollars) of emergency assistance program loans to support China s economic recovery from COVID-19.
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The loan is the second emergency loan approved by the NDB to help China fight the epidemic
Chinese economy which reportedly grew at a healthy rate last year despite Covid is facing headwinds. It has borrowed from the BRICS Bank and Bangladesh has decided to drop projects that China was earlier earmarked to support via loans.
$3 6b Chinese loan uncertain after Dhaka drops projects from agreed list thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.
Workers of shuttered jute mills demand arrears
Place six-point demand before BJMC
The workers of nine state-run jute mills that were shut down last year staged a sit-in in front of the Bangladesh Jute Mill Corporation office yesterday. Photo: Collected Staff Correspondent, Ctg Staff Correspondent, Ctg
The workers of nine state-owned jute mills that were shut last year staged a two-hour demonstration in front of the Bangladesh Jute Mills Corporation (BJMC) office in Chattogram yesterday.
During their protest, the workers placed a six-point demand to the BJMC. This includes payments of arrears for all displaced workers and the release of their leader Ruhul Amin.
State-Run Jute Mills: Govt going for lease to private
Decides on short-term contracts; experts, industrialists sceptical about feasibility of the plan
Star file photo of Platinum Jubilee Jute Mills in Khulna.
The government has decided to lease out all 25 state-run jute mills to the private sector despite initial plans of reopening them either through joint venture, public-private partnership, or a government-to-government (G2G) agreement.
A nine-member inter-ministerial committee has nearly finalised the terms and conditions of the lease contracts and international tenders for this purpose might be issued within a week or two, said sources at the Bangladesh Jute Mills Corporation (BJMC).