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Huawei upgrades Optical Networking 2.0 Solution

Huawei announced it will further upgrade its Optical Networking 2.0 (ON2.0) solution at Huawei’s 7th Optical Network Innovation Forum, which featuring new speed, new sites, new smart O&M, new schema and new services. This solution will help operators develop innovative services and thrive. The global pandemic has seen home networks undergo a radical transformation, from serving as

Australia exits first recession in almost 30 years

SYDNEY (AFP) Australia has exited its first recession in almost 30 years, after official figures released Wednesday showed the economy grew 3.3 percent in July-September compared with the previous quarter. With local transmission of Covid-19 largely under control, official data showed businesses have begun to rebound and consumer spending has

Govt raises working capital loan fund to Tk 400b

BSS Image: Collected The government has raised the amount of working capital loan for Covid-19 affected industries and service sectors under the Prime Minister’s announced Economic Stimulus Package to Taka 400 billion from Taka 330 billion. Initially, the loan package for such purpose was Taka 300 billion when it was first announced

Kamal urges IFC support for private sector

BSS Mustafa Kamal/Photo: Collected Finance Minister AHM Mustafa Kamal has urged the International Finance Corporation (IFC) to develop Bangladesh’s fixed income securities, especially the bond market, side by side providing more support to the private sector being affected by the COVID-19 pandemic. He also called upon the IFC to enrich the ‘Taka Bond’

World Bank approves 12b USD for corona vaccines

Image: Collected The Board of Executive Directors of World Bank has approved $12 billion for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens. The financing, which aims to support vaccination of up to a billion people, is part of an

PM calls for ensuring $100b to combat climate change

Prime Minister Sheikh Hasina on Wednesday called for ensuring 100 billion US dollars a year for developing countries to save them from climate change impacts as she placed a four-point proposal including “establishing climate justice” at a virtual “Climate Vulnerable Leaders’ Event”. She also informed that her government has decided to

Govt working to face pandemic, keep running country’s economy: PM

BSS Prime Minister Sheikh Hasina yesterday said her government has been tirelessly working to face the Covid-19 pandemic and keep running the country’s economy. “We have been trying our best to do everything to face the pandemic and keep running the country’s economy,” she said in an introductory speech at the