INDIA GRANTS US$50M TO BANGLADESH
India handed over the second tranche of US$50 million of the US$200 million grant committed by the country to Bangladesh last year to implement development projects in Bangladesh. India, which provided US$1 billon line of credit (LoC) to Bangladesh for implementation of various development and infrastructure projects, later declared US$200 million as grant from the total LoC.
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SAUDI GIRLS WILL BE ALLOWED TO PLAY SPORTS IN PRIVATE SCHOOLS
Saudi Arabian girls will be allowed to play sports in private schools for the first time, the latest in a series of incremental changes aimed at slowly increasing women's rights in the ultraconservative kingdom.
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NORDIC STYLE KINDERGARTEN IS A HIT IN CHINA
The Danish way of teaching is headed for China. Danish theories on teaching have become so popular that it has now become an export. The Chinese want more creativity and games for their kids. The Danish way of teaching is especially good at incorporating this.
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COCA-COLA TO INVEST FURTHER IN CHINA
The Coca-Cola Company announced that it will continue to increase investment levels in China. By the year 2014, 4 billion U.S. dollars of investment will added in China and the investment will be mixed with marketing assets like plants, transportation and retail outlets. According to the Coca-Cola chief, the company will open a new plant in Shijiazhuang, capital of north China's Hebei Province, in October. It is also working to develop the markets in China's second- and third- tier cities and its western areas.
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ASIA WRESTLES WITH A FLOOD OF CASH
Central banks in Asia, Australia and New Zealand are ratcheting up moves to deal with an influx of capital that is keeping currencies strong and complicating efforts to manage growth. China is moving to curb bets on the rising yuan, while Thailand is considering efforts to curb the strongest baht since the 1997 Asian financial crisis. South Korea cut interest rates by a quarter of a percentage point, as the country grapples with a slowing economy. The surging flows to the region are one more example of how investors are scouring the globe looking for higher returns on their money
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