A high-level US delegation in Dhaka to foster economic growth with interim government

DHAKA, Bangladesh (AP) — A high-level U.S. delegation met Sunday with the head of Bangladesh's interim government, Nobel laureate Muhammad Yunus, to affirm “dedication to fostering inclusive economic growth," according to the American embassy in Dhaka.

Yunus took over after former Prime Minister Sheikh Hasina fled the country last month amid a mass uprising. She was accused of corruption, violation of human rights and excessive use of force against the protesters.

During her 15-year rule, Hasina enjoyed close relations with India, China and Russia who have heavily invested in the country’s infrastructure development, trade and investment. The U.S. has also become the single largest foreign investor in Bangladesh under Hasina.

Yunus on Sunday said he sought U.S. support “to rebuild the country, carry out vital reforms, and bring back stolen assets,” his press office said in a statement after he met the delegation at the State Guest House Jamuna in Dhaka.

He told the U.S. representatives his interim administration has moved fast to “reset, reform, and restart” the economy, initiate reforms in financial sectors, and fix institutions such as the judiciary and police, the statement said.

The U.S. delegation, led by Brent Neiman, assistant secretary for International Finance at the U.S. Department of the Treasury, had representatives from the U.S. Agency for International Development, and Office of the U.S. Trade Representative. Donald Lu, assistant secretary of State for South and Central Asian Affairs, joined the delegation after visiting India.

They met with several officials in Dhaka, including Touhid Hossain, the country’s adviser to the Ministry of Foreign Affairs. The USAID also signed an agreement to provide $202.25 million in aid to Bangladesh.

The U.S. embassy on X underscored how American companies are entrenched in the South Asian country.

“With the right economic reforms in place, the American private sector can help unlock Bangladesh’s growth potential through trade and investment,” the embassy wrote on its official account.

The delegation also met representatives of the American companies under the American Chamber of Commerce in Bangladesh (AmCham) operating in Bangladesh upon arriving Saturday.

Concerns over safety and lack of order in Bangladesh were relayed by the companies' agents.

AmCham President Syed Ershad Ahmed said at the meeting that while there were improvements after the interim government was installed, “there are some bottlenecks too.” Profit repatriation amid the ongoing crisis of U.S. dollars and challenges in the supply chain resulting from congestion at ports were among the issues he raised.

The meeting came as unrest took hold of the country's major garment industry with workers walking out, leaving factories shuttered, as they demanded better benefits including higher wages. The factory owners, the government and workers’ leaders are holding meetings to ease the tension.

Bangladesh is one of the most vulnerable countries to climate-induced disasters. The U.S. embassy on its official Facebook page said the United States wanted to help it "mitigate climate risks.”

Dr. Salehuddin Ahmed, Adviser to Bangladesh's interim government's Ministry of Finance, center, speaks to media personnel after the signing of the 6th amendment of 'The Development Objective Grant Agreement (DOAG)' between US and Bangladesh, in Dhaka, Bangladesh, Sunday, Sept. 15, 2024. (AP Photo/Rajib Dhar)

Md. Jashim Uddin, Foreign Secretary in Bangladesh's interim government, speaks to media personnel after the signing of the 6th amendment of 'The Development Objective Grant Agreement (DOAG)' between the United States and Bangladesh, in Dhaka, Bangladesh, Sunday, Sept. 15, 2024. (AP Photo/Rajib Dhar)

Anjali Kaur, Deputy Assistant Administrator of the Bureau for Asia, United States Agency for International Development (USAID), center, speaks to media personnel after the signing of the 6th amendment of 'The Development Objective Grant Agreement (DOAG)' between US and Bangladesh, in Dhaka, Bangladesh, Sunday, Sept. 15, 2024. (AP Photo/Rajib Dhar)

Reed J. Aeschliman, USAID Mission Director for Bangladesh, front left, and A. K. M. Shahabuddin, Additional Secretary, Ministry of Finance, Bangladesh, pose for a photograph with other officials after signing the 6th amendment of 'The Development Objective Grant Agreement (DOAG)' in Dhaka, Bangladesh, Sunday, Sept. 15, 2024. (AP Photo/Rajib Dhar)

This photo handed out provided by Bangladesh Press Information Department (PID) shows Brent Neiman, US Assistant Secretary of the Treasury for International Finance and Development, left, speaking with Muhammad Yunus, Bangladesh's interim government's leader, in Dhaka, Bangladesh, Sunday, Sep. 15, 2024. (PID via AP)

SEATTLE (AP) — Alaska Airlines closed its $1 billion purchase of Hawaiian Airlines on Wednesday, a day after the federal government removed the last major regulatory obstacle to the deal.

Alaska will also assume about $900 million in Hawaiian debt. Alaska says it will keep Hawaiian as a separate brand, elimiinating the need to repaint planes.

To win approval from the Transportation Department this week, the airlines agreed to maintain current levels of service on key routes within Hawaii and between the island state and the U.S. mainland where they don't face much competition.

Shares of Alaska Air Group fell a little more than 1% Wednesday.

The Justice Department, which had opposed previous deals between large airlines including JetBlue's attempt to buy Spirit Airlines, has not challenged the Alaska-Hawaiian deal on antitrust grounds.

Alaska and Hawaiian also agreed to a handful of consumer protections, including not lowering value of frequent-flyer rewards as they combine their loyalty programs and promising to compensate passengers for cancellations and significant delays that are the carriers’ fault.

Seattle-based Alaska Airlines said those conditions were similar to its plans from the time it announced the deal in December.

The deal solidifies Alaska's position as the fifth-largest U.S. airline by revenue.

Alaska Airlines completes its acquisition of Hawaiian Air, which will remain a separate brand

Alaska Airlines completes its acquisition of Hawaiian Air, which will remain a separate brand

FILE - Alaska Airlines planes are shown parked at gates with Mount Rainier in the background on March 1, 2021, at Seattle-Tacoma International Airport in Seattle. (AP Photo/Ted S. Warren, File)