$14b lost to capital flight a year during AL years
Bangladesh has lost around $14 billion a year on average to capital flight during the Awami League’s 15-year tenure, according to the draft report of the committee preparing a white paper on the economy.
6h ago
Nagorik committee: Members split over ex-Shibir leader joining
Jatiya Nagorik Committee has included a former top leader of Islami Chhatra Shibir in its extended central committee, ignoring objections from a section of committee members.
2d ago
Power, Energy Sector: Arrears, subsidies weighing down govt
The interim government is struggling to pay the power bill arrears that were caused largely by “unfair” contracts signed between the previous administration and power producers, and rising international fuel prices.
6d ago
Now coal power plants scaling back production
Coal-fired power plants are dialling down production or even shutting down due to financial, legal or technical issues, leading to power cuts across the country, especially the rural areas.
3w ago
Outstanding bills: Adani halves power supply to Bangladesh
India’s Adani Power Jharkhand Limited has halved its power supply to Bangladesh, saying it has yet to receive outstanding bills.
3w ago
Heatwave cost Bangladesh $21b last year
Heat exposure had severe economic consequences for Bangladesh last year, leading to an estimated income loss of $21 billion due to reduced labour capacity, according to the latest Lancet Countdown report.
4w ago
AL govt put finance adviser, BB governor in legal trouble
The immediate past Awami League government’s failure to settle an international arbitration claim has left Bangladesh in a legal tangle in the US, leading to a surprise judicial order against two top officials of the interim government during their official visit to Washington last week.
1m ago
‘They got capacity charges for 16yrs. Not anymore’
A retired bureaucrat, Muhammad Fouzul Kabir Khan has been tasked with heading three significant ministries for the economy: power, energy and mineral resources; road transport and bridges; and railways.
1m ago
December 19, 2022
Power, gas to get costlier
The prices of electricity, gas and diesel are set to increase one by one as the government pulls back the subsidies in keeping with the austerity measures.
December 15, 2022
Power import from Adani plant delayed
Power import from the controversial Adani Godda power plant has been delayed once again as the 1,600 megawatts thermal plant is yet to be complete.
November 29, 2022
Govt wrests control of energy pricing
Electricity and gas prices can now be adjusted without a public hearing after the cabinet yesterday amended a law, paving the way for introducing dynamic energy pricing in Bangladesh.
November 22, 2022
Power tariff hike will add to woes
The decision to increase the wholesale price of electricity by 19.92 per cent to Tk 6.20 per unit has raised concerns among businesses who say consumers may soon have to bear the added burden.
November 22, 2022
Electricity price up 19.92pc at producers’ end
Electricity price at the producers’ end was yesterday hiked by 19.92 percent, a development that is expected to fuel inflation as the distributors ultimately pass on the burden to end users.
November 21, 2022
Power distributor seeks to hike retail price
Even though the state minister for power assured that the bulk power price hike would not have any implication on consumers right away, a distributor has already submitted a proposal to increase retail electricity price.
October 20, 2022
Gas Crisis: No end to plight anytime soon
The acute gas crisis, which has been plaguing the industrial sector and households, is unlikely to see a drastic improvement anytime soon.
October 20, 2022
Oil import for 2023: BPC gets nod to buy 54 lakh tonnes
The Cabinet Committee on Economic Affairs yesterday granted Bangladesh Petroleum Corporation permission to import 54 lakh tonnes of oil next year in a bid to secure supply of the key commodity amid the Russian invasion of Ukraine and geopolitical tension.
October 19, 2022
Solar power the saviour
Bangladesh could generate 6,500 megawatts of solar electricity in the next three years if the country invests $11 billion in solar instead of importing LNG from the spot market at the same cost, said global energy think-tank Ember.
October 19, 2022
21 Dhaka neighbourhoods: Power outages every other hour
People living in the capital’s Shyampur, Nandalalpur, Kajla or Matuail experienced load-shedding every alternate hour yesterday.
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