Bangladesh: Latest News

All news where Bangladesh is mentioned

Sri Lanka given 6 more months to repay Bangladesh’s $200m loan - newsfirst.lk - Sri Lanka - Bangladesh
newsfirst.lk
60%
949
Sri Lanka given 6 more months to repay Bangladesh’s $200m loan
Bangladesh Bank on Thursday (12) granted Sri Lanka six more months to repay the $200 million loan after the Island nation requested to extend the repayment period due to its prolonged economic crisis.A senior official of the central bank, on condition of anonymity, said the board of directors of Bangladesh Bank has extended the repayment tenure.The Island nation, which has been facing an acute greenback shortage for months, borrowed $200 million from Bangladesh in May 2021.The country was scheduled to repay the loans by April last year, but it failed to do so.In April last year, Sri Lanka announced defaulting on its entire $51 billion of external debt.As per the agreement between the two countries, Sri Lanka was supposed to repay the loan by March.But the Island nation is still facing an acute shortage of foreign exchange reserves, which has compelled it to request BB to extend the repayment period.BB has extended the deadline at a time when its foreign exchange reserves are depleting at a faster pace.As per the new deadline, Sri Lanka will have to repay the loan by September this year.Bangladesh has already sought credit support from several multilateral lender agencies, including the International Monetary Fund.The reserves of Bangladesh stood at $32.52 billion on January 11 in contrast to $44.92 billion in the same period a year ago, according to data from the central bank.– Daily Star
Ali Sabry - Bangladesh wants to boost trade with Sri Lanka - newsfirst.lk - India - Sri Lanka - Bangladesh - Burma
newsfirst.lk
44%
340
Bangladesh wants to boost trade with Sri Lanka
COLOMBO (News 1st) – Bangladesh Foreign Minister Dr A K Abdul Momen has underscored the need for setting up direct shipping connectivity with Sri Lanka to boost trade relations between Bangladesh and the South Asian nation.He also emphasised the resumption of negotiations for the early conclusion of the Preferential Trade Agreement (PTA) between the two countries.Bangladesh's foreign minister put the importance while holding a meeting with his visiting Sri Lankan counterpart Ali Sabry on Wednesday on the eve of the 22nd ministerial meeting of the Indian Ocean Rim Association (IORA) in the capital, a foreign ministry press release said on Thursday.During the meeting, the two leaders discussed the wide spectrum of bilateral relations and expressed hope to work closely together for the betterment of the two peoples and inclusive development of the region.Momen urged Sri Lanka to increase the import of agricultural products and pharmaceuticals from Bangladesh at an affordable price.Sri Lankan foreign minister said that his country is keen to work in close partnership with Bangladesh.The two leaders agreed to expedite the completion of the formalities to form an institutional platform to hold regular and comprehensive dialogues between the two countries at the level of foreign minister.The issue of mutual support for each other's candidature at various international fora was also discussed with due importance.Momen also sought support from Sri Lanka in repatriating the forcibly displaced Myanmar nationals sustainably.
Ali Sabry - Sri Lanka a major trading hub in Indian Ocean – Sabry - newsfirst.lk - India - Sri Lanka - Bangladesh - county Ocean
newsfirst.lk
92%
819
Sri Lanka a major trading hub in Indian Ocean – Sabry
COLOMBO (News 1st) – Sri Lankan Foreign Affairs Minister Ali Sabry told the Indian Ocean Rim Association session in Bangladesh on Thursday (24) that Sri Lanka is poised and is well positioned to be one of the major trading hubs of the Indian Ocean, addign that the country has demonstrated manifestly significant openness to trade and commerce.He emphasised the significance and necessity of actively engaging with the countries of the Indian Ocean Rim to mutually advance the economic and commercial interests of Sri Lanka as well as to maintain peace and stability in the region of Indian Ocean. He further stressed that Sri Lanka’s commitment to the matters that concern the Indian Ocean region remains one of the key cornerstones of the current economic and foreign policy of Sri Lanka. Minister highlighted that Sri Lanka is strategically positioned at the centre of one of the busiest sea lanes of the world, adding that Sri Lanka’s traditional and ancient links with the countries of the IORM go back many centuries and empirical evidence reveals that Sri Lanka’s geographical centrality markedly facilitated and aided maritime commerce and trade over the centuries.Given its progression as an Indian Ocean Hub, Sri Lanka has emerged as one of the most pivotal shipping lanes since two-thirds of the petroleum products and half of the container shipments of the world criss-cross close to the Southern coast of the Island.The Minister apprised the member states at the Council of Ministers of the IORA concerning Sri Lanka’s efforts in sustainable and efficacious usage of maritime resources and immense ocean pollution challenges as well as projects and programs implemented to safeguard the coastal belt and the Indian Ocean. This is to
Sri Lanka, India abstain on UN resolution calling on Russia to make reparations to Ukraine - newsfirst.lk - China - Iran - India - Indonesia - Sri Lanka - Nepal - Israel - Pakistan - Russia - Bangladesh - Bhutan - South Africa - Cuba - Brazil - city Moscow - North Korea - Syria - Egypt - Belarus - Ukraine
newsfirst.lk
69%
901
Sri Lanka, India abstain on UN resolution calling on Russia to make reparations to Ukraine
COLOMBO (News 1st) – Sri Lanka, India and several other countries abstained from voting on a draft resolution approved by the UN General Assembly that recognised that Russia must be responsible for making reparations to Ukraine.The draft resolution, ‘Furtherance of remedy and reparation for aggression against Ukraine’, introduced by Ukraine, was adopted on Monday (14) in the 193-member UN General Assembly by a recorded vote of 94 in favour, 14 against and 73 abstentions, including by India, Bangladesh, Bhutan, Brazil, Egypt, Indonesia, Israel, Nepal, Pakistan, South Africa and Sri Lanka.Those voting against the resolution were Belarus, China, Cuba, North Korea, Iran, Russia and Syria.General Assembly resolutions are non-binding, but they carry political weight.The resolution, co-sponsored by nearly 50 nations, recognised that Russia “must be held to account for any violations of international law in or against Ukraine, including its aggression in violation of the Charter of the United Nations, as well as any violations of international humanitarian law and international human rights law, and that it must bear the legal consequences of all of its internationally wrongful acts, including making reparation for the injury, including any damage, caused by such acts.” In March, 141 members of the General Assembly voted to denounce Russia’s invasion, and 143 in October voted to condemn Moscow’s attempted annexation of parts of Ukraine. India had also abstained on those two votes.
Sri Lanka to host U19 Men’s Cricket World Cup 2024 - newsfirst.lk - Thailand - Sri Lanka - Nepal - Malaysia - Bangladesh - South Africa - Namibia - Zimbabwe
newsfirst.lk
43%
131
Sri Lanka to host U19 Men’s Cricket World Cup 2024
 ICC – Top emerging talent will be heading to Sri Lanka in 2024 for the U19 Men’s Cricket World Cup, as the ICC Board announced host countries for U19 events between 2024 and 2027.Zimbabwe and Namibia, Malaysia and Thailand, and Bangladesh and Nepal are also set to host ICC U19 events between 2024 and 2027, after the ICC Board approved the plans.The ICC U19 Men’s Cricket World Cup 2024 will be hosted by Sri Lanka while the 2026 edition will be staged in Zimbabwe and Namibia. The ICC U19 Women’s T20 World Cup 2025 will be held in Malaysia and Thailand, and the 2027 event will be jointly hosted by Bangladesh and Nepal.Cricket World Cup qualification pathwaysThe qualification pathway for the 14-team ICC Men’s Cricket World Cup 2027 was also confirmed with 10 teams set to gain automatic qualification. These 10 teams will include South Africa and Zimbabwe as Full Member hosts, and the next eight highest-ranked teams on the ICC MRF Tyres ODI Rankings on a date to be confirmed. The remaining four teams will qualify through the ICC CWC Global Qualifier series.The qualification pathway for the 10-team ICC Women’s T20 World Cup 2024 was also approved. Eight teams will automatically qualify for the event, including the top three teams from each group at the ICC Women’s T20 World Cup 2023, the host Bangladesh (if not in the top three of Group 1) and the next highest ranked teams on the MRF Tyres ICC T20I Rankings on 27 February 2023.
Bangladesh issues precautionary measure against Sri Lanka, SL trade at risk - newsfirst.lk - Iran - India - Sri Lanka - Bangladesh - Burma
newsfirst.lk
72%
298
Bangladesh issues precautionary measure against Sri Lanka, SL trade at risk
COLOMBO (News 1st) – The Central Bank of Bangladesh last week issued a circular advising all authorized dealers, including banks, to refrain from transactions with Sri Lankan banks through the Asian Clearing Union (ACU) system.The move has been made in response to the "self-motivated decision by the Central Bank of Sri Lanka (CBSL)  to remain temporarily suspended from ACU mechanism with effect from October 14th".Accordingly, all authorized dealers have been advised not to do any trade and trade related transactions with Sri Lanka through the ACU mechanism.The Asian Clearing Union was created among the South Asian Nations in order to provide trading facilities among the South Asian Nations, plus Iran and Myanmar as members in 1974. Within the ACU, all eligible transactions between member countries are required to be settled through the Asian Clearing Union. The unit of settlement of ACU transactions is a common unit of account of ACU, which is equivalent to one USD.In case of importation of materials into a country, it would be debited to the account of that specific country at the Asian Secretariat, and the balance is settled every two months through the ACU in hard currency.With this new move, it would halt the possibility of conducting any transactions between Bangladesh and Sri Lanka through the ACU. However, when New1st inquired on the matter from former Deputy Governor of the Central Bank of Sri Lanka Dr.
Shavendra Silva - Army Chief briefs Defence Advisers/ Attaches on Status Quo - newsfirst.lk - China - Iran - Japan - Usa - India - Sri Lanka - Britain - Pakistan - Australia - Russia - Maldives - Bangladesh
newsfirst.lk
46%
244
Army Chief briefs Defence Advisers/ Attaches on Status Quo
COLOMBO (News 1st); “The armed forces of Sri Lanka would always comply with the Constitution and the Army is no exception,” Sri Lanka’s Army Commander General Shavendra Silva told Defence Advisers/Attaches of Sri Lanka-based High Commissions and embassies on Monday (4).“The Army as a professional outfit is always prepared to provide security and protection to the State as necessary,” said General Shavendra Silva.The meeting was meant to keep the foreign Defence Advisers /Attaches informed of the current situation.Captain Ian Keith Cain, Defence Adviser (Australia), Commander, M Shafil Bari, Defence Adviser, Bangladesh, Senior Colonel Wan Dong, Military, Naval and Air Attaché (China), Lieutenant Colonel Chang Qianjin, Assistant Military Naval and Air Attache, (China), Captain Vikas Sood, Defence Adviser (India), Lieutenant Colonel Punnet Sushill, Assistant Defence Adviser, (India), Colonel Homayou Ali Yari, Military Attaché, (Iran), Captain Gaku Fukaura, Defence / Security Attaché, (Japan), Colonel Ismail Naseer, Defence Adviser, (Maldives), Colonel Muhammad Safdar Khan, Defence Adviser, (Pakistan), Colonel Aleksey A Bondarev, Military, Naval & Air Attaché, (Russia), Colonel P.J Clayton, Defence Adviser, (United Kingdom) and Lieutenant Commander Richard Lister, Naval Attaché (United States of America) were present at this meeting. 
DMCA