Space Travel News  
TRADE WARS
Bangladesh blacklists Chinese firm over alleged bribe
by Staff Writers
Dhaka (AFP) Jan 17, 2018


Bangladesh has blacklisted a top Chinese construction firm for allegedly trying to bribe a senior government official and stopped its work in the country.

The state-backed China Harbour Engineering Company (CHEC) was in negotiations with the Bangladesh government to expand a major highway from the capital Dhaka to the northeastern city of Sylhet, a top government official told AFP.

The country's road transport minister Obaidul Quader said Wednesday that the blacklisted company's work in Bangladesh has been stopped, but declined to identify the firm or its projects.

Finance minister A.M.A. Muhith had confirmed the ban late Tuesday when he was asked by a reporter about CHEC allegedly trying to bribe an official.

Muhith told reporters that the firm was blacklisted and could no longer work in Bangladesh after it offered the top bureaucrat in the road transport ministry around 5 million taka ($60,000) as a bribe.

CHEC could not be reached for comment. The company has undertaken several large infrastructure projects around the world and operates in over 80 countries, according to its website.

"I have taken action," Quader, the road transport minister, told AFP on Wednesday. "If I did not take any action, then why was the work of the company halted?"

He declined to comment further, but said the affair would not dampen Bangladesh's growing ties with China.

Beijing has been Dhaka's main lender in recent years for major infrastructure projects, including highways and power plants.

"We don't want to strain ties with a country due to one company," Quader said.

The finance minister said Tuesday that Bangladesh will fund the $2.1 billion Dhaka-Sylhet highway expansion project itself.

Ties between Bangladesh and China got a huge boost in October 2016 when Xi Jinping became the first Chinese president to visit Dhaka in more than three decades.

During his visit, the two countries signed a raft of deals worth more than $20 billion.

Xi called it a "historical turning point" in relations with Bangladesh after talks with Prime Minister Sheikh Hasina, who is seen as close to New Delhi.

India, China's regional rival, has long considered Bangladesh a part of its area of influence, and Prime Minister Narendra Modi's government has boosted economic links with Dhaka.

Bangladesh needs tens of billions of dollars of investment to build and upgrade its transport infrastructure and increase power generation to boost its economy.

TRADE WARS
China's US surplus jumps as trade with world picks up
Beijing (AFP) Jan 12, 2018
China's trade surplus with the United States expanded last year, raising the possibility of fresh blowback from President Donald Trump who has often bashed Beijing over the issue and fanned fears of a trade war. The increase came despite a tumble in China's global surplus as domestic demand spurred a rally in imports. The figures on Friday showed the difference between exports and import ... read more

Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
TRADE WARS
Exploring alien worlds with lasers

Opportunity Takes Images Over the Holiday Period

Our rover could discover life on Mars - here's what it would take to prove it

Opportunity takes extensive imagery to decide where to go next

TRADE WARS
Funding runs dry for Indian Google X Prize lunar team

Astronauts: Trump's proposed Lunar mission will take time

China Prepares for Breakthrough Chang'e 4 Moon Landing in 2018

China solicits messages to be sent to moon

TRADE WARS
New Year 2019 offers new horizons at MU69 flyby

Study explains why Jupiter's jet stream reverses course on a predictable schedule

New Horizons Corrects Its Course in the Kuiper Belt

Does New Horizons' Next Target Have a Moon?

TRADE WARS
Iron-Rich Stars Host Shorter-Period Planets

SETI project homes in on strange 'fast radio bursts'

Extraterrestrial Hypatia stone rattles solar system status quo

Planets around other stars are like peas in a pod

TRADE WARS
Arianespace begins building final 10 Ariane 5s ahead of Ariane 6 operational debut

SpaceX says rocket worked fine as spy satellite reported lost

Arianespace prepares for a busy 2018

Dragon space truck set for departure from Space Station

TRADE WARS
Scientist reveals what is so special about Chines's next moon mission

China's Kuaizhou-11 rocket scheduled to launch in first half of 2018

Nation 'leads world' in remote sensing technology

China plans for nuclear-powered interplanetary capacity by 2040

TRADE WARS
NASA image showcases Ceres mountain named for Kwanzaa

Development on muon beam analysis of organic matter in samples from space

Arecibo radar returns with asteroid Phaethon images

Alien object Oumuama is a natural body transiting our solar system









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.