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.
1d 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.
5d 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.
3w 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.
4w 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
IMF slashes growth forecast to 4.5 percent
After the World Bank, the International Monetary Fund has now brought down Bangladesh’s growth forecast for this year as political uncertainty, industrial unrest and floods weigh heavily on economic activities.
1m ago
November 17, 2023
Polls Campaign: Candidate can’t spend more than Tk 25 lakh
The amounts a candidate can spend for electioneering on each voter and in total in the upcoming national election is the same as before, according to a notification from the Election Commission.
November 8, 2023
Govt suspends funding for new projects
Although the planning ministry has passed several new projects ahead of the polls, it will not be able to make funds available for the projects due to the government’s fresh austerity stance to rein in the spiralling inflation.
November 5, 2023
Boycott mars EC talks with parties
More than a third registered political parties, including opposition BNP, boycotted the Election Commission’s talks yesterday. And some of those who joined the dialogue observed that the current situation is not conducive to holding a free and fair election.
October 26, 2023
Govt to buy LNG from Excelerate under 15-year pact
Bangladesh will purchase liquefied natural gas (LNG) from Excelerate Gas Marketing Ltd Partnership, a subsidiary of Excelerate Energy, under a 15-year contract from 2026.
October 24, 2023
Gas crisis as govt cuts LNG imports
Acute gas crisis has yet again hit the country as the government reduced import of liquefied natural gas (LNG) from the international spot market for the last couple of months.
October 18, 2023
IMF to suggest new exchange rate system
The IMF staff mission is willing to set a lower target for foreign currency reserves for this December and June next year provided the Bangladesh Bank adopts the crawling peg method to manage the exchange rate.
October 12, 2023
Lending, exchange rates still not market-driven: IMF
Bangladesh Bank introduced a new formula in June to determine the lending interest rate and brought about a single exchange rate recently but both are yet to be determined by the open market, the International Monetary Fund (IMF) has said.
September 6, 2023
Burden of capacity charges heavier than thought
The government-run Tongi 105-megawatt power station did not produce a single watt of electricity in 2017-18, 2019-20, 2020-21 and 2021-22. In the whole year of 2018-19,
September 2, 2023
LPG Cylinders: Govt-fixed prices exist only on paper
Bangladesh Energy Regulatory Commission fixes price of liquefied petroleum gas every month, but consumers buy the key fuel at a higher price due to non-compliance by importers, distributors, and retailers.
August 21, 2023
Rooppur will be ready on time
The much-awaited Rooppur nuclear power plant is coming along at more or less the expected pace but the country has to wait longer to enjoy the benefits as the power evacuation facility from the plant would not be ready on time.
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