Papua New Guinea, Nov 18 (AP) — The U.S., Japan, New Zealand and Australia say they'll bring electricity to 70 percent of Papua New Guinea's people by 2030, boosting the West's response to growing Chinese influence in the South Pacific.
The four countries and Papua New Guinea signed the electrification agreement Sunday at the Asia-Pacific Economic Cooperation meeting behind held in the capital Port Moresby.
U.S. Vice President Mike Pence says it shows the strength of their commitment to the region.
Only about 20 percent of Papua New Guinea's 8 million people have electricity and for a significant proportion of them the supply is not reliable.
The announcement comes after the U.S., Japan and Australia in July announced a joint effort to finance infrastructure in Pacific island states which China has aggressively wooed with loans and aid.
Dhaka, Nov 17 (UNB)- Middle East country ‘Yemen’ has been enlisted in the list of importing countries of Walton fridges recently.
Last month, Walton for the first time shipped out a large volume of fridges to a local brand of Yemen under the OEM (Original Equipment Manufacturer). This month, the second shipment of Walton made fridges, including huge power efficient glass door refrigerator and beverage cooler, was completed.
Edward Kim, President of Walton’s International Business Unit (IBU) said “We have a target of bagging US$ 1 billion earnings from the export of various electronics and electrical appliances and spare parts by 2028.”
To meet this target, he said that they are trying to nurture brand presence in the international market through sustainable partnership with customers while focusing on OEM (Original Equipment Manufacturer) business to drive the business volume and also to enhance our product quality management which is an assurance to customers.
Uday Hakim, deputy executive director of Walton Group, said they focused on expanding the global market and strengthening its international business unit.
Walton is setting up global product research and development centers and branch offices in many countries including Germany, United Kingdom, China, UAE, Taiwan and Thailand, he said.
Dhaka, Nov 15 (UNB)- Islami Bank Bangladesh Limited (IBBL) under its Corporate Social Responsibility (CSR) activities recently provided a police van to Dhaka Metropolitan Police (DMP).
Abu Reza Md Yeahia, Deputy Managing Director and CAMLCO of the bank handed over the key of the police van to Md Abdul Quddus Amin, Joint Commissioner of Police on Tuesday.
Mushfeq Ahmed, Vice President of the bank, Mohammad Yousuf Ali and Md Akbar Ali Munsi, Deputy Commissioners of Police and Md Kudrat-E-Khuda, Additional Deputy Commissioner of Police of DMP along with officials of IBBL and DMP were present on the occasion.
Dhaka, Nov 14 (UNB)- Performance review meeting of Islami Bank Bangladesh Limited (IBBL) was held at Islami Bank Tower here on Tuesday.
Md Mahbub ul Alam, Managing Director & CEO of the Bank was present in the program as chief guest.
Presided over by Abu Reza Md Yeahia, Deputy Managing Director of the Bank, the program was addressed by Mohammad Ali, Taher Ahmad Chowdhury, JQM Habibullah, FCS and Muhammad Qaisar Ali, Deputy Managing Director among others.
Head of zones and selected branches of the city along with other officials were present in the conference.
Dhaka, Nov 13 (UNB)- Islami Bank Bangladesh Limited (IBBL) was awarded as the highest taxpayer in the banking sector of the country in 2017-2018 tax year.
MA Mannan MP, State Minister for Finance and Planning Ministry and Md Mosharraf Hossain Bhuiyan, NDC, Senior Secretary of Internal Resources Division and Chairman of National Board of Revenue handed over the crest and Tax card to Professor Md Nazmul Hassan, Ph.D, Chairman and Md Mahbub ul Alam, Managing Director & CEO of IBBL at the ‘Sera Kordata Sommanona-2018’ program in Pan Pacific Sonargaon Hotel on Monday.