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Japan withdraws US$25m aid from BTCL project for attempted corruption

A Bangladesh government probe committee found five top officials of Bangladesh Telecommunications Company Ltd (BTCL) guilty of attempted corruption, inefficiency and failure to establish a nationwide telecom backbone network in the last ten years. Meanwhile, Japan International Cooperation Agency (JICA) withdraws the US$25 million aid package that it had sanctioned for the project. The telecom division presented […]

Japan’s US$1.20b development aid package to Bangladesh facing delay

Japan’s nearly US$1.2 billion soft loan for five development projects is facing delay despite Bangladesh government’s efforts for confirming the assistance, officials said Wednesday. The loans are arranged under the Tokyo-assured 36th development aid package. Gloomy business and political environment as well as increased dependence on a certain bilateral donor country are cited as major reasons […]

Japan wins over China beyond South China Sea – for now

Two major powers in Asia, Japan and China have been all but bosom friends for centuries and now more so. Their rivalry range from fishing into each other waters to space research on one hand and dominance from the South China Sea to the Indian Ocean and may be beyond. In one of the recent business competitions […]