TOM BERGIN and NA THAN LAYNE Shortly after 7 p.m. on January 12, 2015, a message from a secure computer terminal at Banco del Austro (BDA) in Ecuador instructed San Francisco-based Wells Fargo to transfer money to bank accounts in Hong Kong. Wells Fargo complied. Over 10 days, Wells approved a total of at least…
Read moreChinese and Indian archaeologists are currently discussing a cultural cooperation project in the birthplace of Buddhism. The Institute of Archaeology under the Chinese Academy of Social Sciences will collaborate with Indian archaeologists at key sites in Sarnath, India. The project is expected to include excavations, cultural relics protection, and safety monitoring and control, Wang Wei,…
Read moreMotiur Rahman Nizami was hung by the neck at Dhaka Central Jail in the first hour of Wednesday, Bangladesh home minister Asaduzzaman Khan Kamal confirmed. The executive order to carry on with his execution was sent to the prison after the Jamaat-e-Islami chief chose not to beg the president to have mercy on him, the…
Read moreIndian Ambassador to Nepal Ranjit Rae has said Nepal has failed to attract bigger foreign direct investment (FDI) from the southern neighbour. Although FDI commitments from China and other countries have grown lately, India has traditionally been Nepal’s largest source of foreign investment. “Nepal should create investment friendly environment to attract more FDI from India,”…
Read moreChina is pursuing efforts to resolve the problem of a stalled dam project in Myanmar, its foreign minister said, adding that Beijing had confidence in the incoming government of democracy leader Aung San Suu Kyi’s party. In 2011, Myanmar President Thein Sein angered Beijing by suspending the $3.6-billion, Chinese-invested Myitsone dam project, some 90 percent…
Read moreMany Bhutanese do not value or give importance to lower denomination Ngultrum notes. People say high inflation, over long periods, has eroded the intrinsic value of lower Ngultrum notes, especially one Ngultrum note. While economists attribute this to high inflation, others believe it is due to lack of adequate financial literacy and saving culture. In…
Read moreSUBIR BHAUMIK Bangladesh’s economy, once consigned to be at the very bottom of the comity of nations, is looking up as never before. That should be good for India, because any growth in Bangladesh is bound to rub off on India’s poorly developed eastern and north-eastern states and also because Bangladesh is only too keen partner India in regional development. A recent…
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