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.
7 November 2023, 18:00 PM
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.
4 November 2023, 18:00 PM
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.
25 October 2023, 18:00 PM
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.
23 October 2023, 18:00 PM
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.
17 October 2023, 18:00 PM
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.
12 October 2023, 02:58 AM
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,
5 September 2023, 18:00 PM
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.
1 September 2023, 18:00 PM
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.
20 August 2023, 18:00 PM
BPC again seeks time, funds
The deadline for the “Installation of Single Point Mooring (SPM) with Double Line” project will be extended for the fourth time with the cost to be raised by around Tk 1,000 crore, or 15 percent, according to the Planning Commission.
10 August 2023, 00:00 AM
Fuel prices: Syncing with int’l markets may not begin in Sept
The plans to finalise a system to automatically synchronise domestic fuel prices with international ones from September may get delayed.
9 August 2023, 18:00 PM
Nat’l Energy Security Day: High time to start gas exploration
With local gas production on the wane, import dependency in the power and energy sector is on the rise, in what can be viewed as a threat to national energy security, according to experts.
8 August 2023, 18:00 PM
Power Sector Subsidy: Low revenue collection limits disbursement
Though the government has allocated a large amount of subsidy to the power sector, it is unable to disburse the amount as per demand due to narrow fiscal space.
4 August 2023, 18:00 PM
A law to protect intellectual rights
Aiming to safeguard intellectual property rights, the government is going to increase the punishment for violating copyrights, with more specific definitions and the inclusion of some new provisions.
21 July 2023, 18:00 PM
Registration of 2 Parties: Questions raised over EC’s picks
A day after the Election Commission primarily cleared little-known Bangladesh Nationalist Movement (BNM) and Bangladesh Supreme Party (BSP) for registration as political parties,
17 July 2023, 18:00 PM
Power projects rarely completed on time
Most of the projects in the power sector are not completed on time, with some seeing as much as 300 percent cost overruns, said a recent report of the Implementation Monitoring and Evaluation Division (IMED).
10 July 2023, 01:10 AM
Capacity charge is model of robbery
Says IMED in a report on the power sector
6 July 2023, 18:00 PM
Age of low-priority projects?
Amid a cost of living crisis, providing cash support to the poor and endeavouring to tame inflation would be the logical actions. But the government is not toeing that line.
20 June 2023, 01:00 AM
Power Outage: Only one-third plants operating at full capacity
Of the 153 power plants in the country, 49 are operating at capacity, which explains the ongoing power outages amid the searing summer heat.
7 June 2023, 01:00 AM
Payra Plant’s Temporary Closure: Govt counting on power plants under trial run
With the country’s biggest power producer, Payra Power Plant, temporarily closing yesterday, the government is now looking at plants that are doing dry runs to ease load shedding.
5 June 2023, 18:00 PM