$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.
8h 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
October 18, 2022
Not following procedure caused grid failure: PGCB probe report
Three factors caused the national grid failure on October 4, found the probe body of Power Grid Company of Bangladesh.
October 12, 2022
BERC may hike bulk electricity price tomorrow
Amid a deepening power crisis in the country, Bangladesh Energy Regulatory Commission may hike the bulk electricity price tomorrow.
October 11, 2022
Load-shedding worsens sharply
Power outages during the three-day weekend were so frequent that they prompted the state minister for power to speak about the extent of the problem yesterday.
October 6, 2022
Power grid failure: Result of neglect, lessons not learnt
Experts blame poor electricity transmission equipment, the lack of a smart grid, and the ill-equipped National Load Dispatch Centre for Tuesday’s national grid failure that caused power blackouts in half the country.
October 5, 2022
Blackout hits half the country
The country yesterday suffered the worst power outage in eight years, which, according to officials, was triggered by a trip at a substation in Ghorashal.
September 30, 2022
Loadshedding: The relief assured yet to materialise
The government’s assurance of relief from power cuts within September is likely to fall flat as people in the capital and elsewhere continue to suffer frequent loadshedding in sweltering heat.
September 25, 2022
Foodpanda: Customers question rationality of ‘platform fee’
Food delivery platform foodpanda Bangladesh has imposed a “platform fee” of Tk 3 since August, payable on every order by the customer.
August 29, 2022
All-out effort to tame rice prices
The government yesterday slashed the import duty on rice and is also working to import about 12 lakh tonnes of food grain including rice as it looks to rein in the price of the staple amid a cost of living crisis.
August 28, 2022
Import demand for diesel high as ever
The import demand for fuel remains high as ever despite the government initiatives to reduce consumption, raising questions about the logic behind the strict measures that only fuelled inflation.
August 24, 2022
BPC irregularities: JS committee stunned
There has been no external audit of the accounts of Bangladesh Petroleum Corporation over the last 10 years, the Parliamentary Standing Committee on Public Undertakings has found.
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