$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.
11h 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
August 23, 2022
Indemnity recommended for Petrobangla officials from legal proceedings
A recommendation has been made to a parliamentary standing committee that a martial-law era provision be brought back for shielding Petrobangla officials from legal proceedings for “acting in good faith”.
August 9, 2022
Bibiyana gas field: Overreliance threatening energy security
The Bibiyana gas field is shouldering a major burden of gas supply even though there are 19 other gas-producing fields -- posing serious threat to Bangladesh’s energy security in the coming days.
August 8, 2022
Eastern refinery not expanded in 53 years
The country has to regularly import diesel because of its inadequate oil refinery and storage facilities that have not been upgraded since 1968.
July 21, 2022
Electricity crisis may worsen
The government’s plan for one to two hours of daily power cuts is failing, especially in the north, and the signs are that the electricity crisis may worsen across the country in the coming days.
July 20, 2022
Capacity charge for power: Tk 16,785cr paid in 9 months
The government paid Tk 16,785 crore in capacity charges to power plants in the first nine months of the last fiscal year for 22,118MW daily power generation capacity.
July 17, 2022
Titas snapped 996km illegal lines in 2.5yrs
Titas, the country’s largest gas distribution company, has snapped illegal gas lines stretching for 996.81 kilometres in the last two and a half years, which is equal to 7.5 percent of its legal lines, according to a report.
July 9, 2022
Hope against hope
The government has assured people suffering from severe power cuts that the situation will improve after September when three new coal-based power plants start operation, but experts expressed doubts about it.
July 5, 2022
Gas crunch brings back power cuts
People have been enduring severe power cuts for the last few days as electricity production was hampered mainly due to a shortage of natural gas supply.
June 30, 2022
Petrobangla has to return Tk 12,227cr
Bangladesh Energy Regulatory Commission in the verdict of a public hearing has ordered the Petrobangla to return Tk 12,227 crore taken from its security and development funds.
June 29, 2022
Fuel prices may go up by at least Tk 10
The government is bent on raising fuel prices by Tk 10-30 each litre, despite vehement opposition from consumer rights groups and experts.
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