Horror engulfs Badda, Rampura as bullets fly
It was absolute mayhem in Rampura and Badda areas yesterday.
19 July 2024, 18:00 PM
Urea output plummets on feeble gas supply
Bangladesh is mostly relying on imports for urea as gas shortage has brought local fertiliser production to a near halt, in a development that will cost the country dearly in terms of foreign currency reserves and food inflation.
9 July 2024, 18:00 PM
Load shedding despite lower demand
Though the electricity demand has dropped with the onset of monsoon, the Bangladesh Power Development Board (PDB) is struggling to supply adequate power due to a shortage of gas and other fuel supply and maintenance works.
2 July 2024, 18:00 PM
Gas crisis hits consumers hard
A two-week-long gas crisis has been affecting homes, factories, and vehicles that run on compressed natural gas, thanks to a dip in supply following the shutdown of an LNG regasification terminal in Cox’s Bazar on May 29.
10 June 2024, 18:00 PM
Govt to bank on crawling peg, global interest rate cuts to rebuild reserves
The revised gross forex reserves target for the current fiscal year ending on June 30 was $29.1 billion. It stood at $24.23 billion on June 5, according to the traditional calculation of the Bangladesh Bank. To meet the goal, another $4.87 billion will have to be added to the reserves by this month.
10 June 2024, 01:02 AM
Power Grid gets large sums as govt prioritises transmission, distribution
In Bangladesh, the power generation capacity increased to 30,277 megawatts in 2023-24 from 4,942 MW in 2009, said Finance Minister Abul Hassan Mahmood Ali in his budget speech.
8 June 2024, 21:24 PM
Power gets a third of Tk 108,240cr subsidies
More than a third of the subsidies allocated in the new budget is for the power sector due to what experts say is the huge spending on capacity charges.
8 June 2024, 18:00 PM
Energy sector overlooked: experts
They blame govt for focusing on imported solutions rather than own resources
6 June 2024, 17:21 PM
Govt to rely more on local banks than foreign funds
The government will rely more on domestic bank borrowing than foreign financing in the next fiscal year, intensifying pressure on the economy.
5 June 2024, 18:00 PM
Tight budget in austere times
With an aim to restore macroeconomic stability, reduce inflation, and contain pressure on foreign currency reserves, Finance Minister Abul Hassan Mahmood Ali is going to place a Tk 7,96,900 crore budget for the 2024-25 fiscal year tomorrow.
4 June 2024, 18:00 PM
Power, agriculture to drive up subsidies
The subsidies and incentive expenditures in the upcoming budget are going to be more than that of the current fiscal year.
3 June 2024, 18:00 PM
Regulate, don't ban, says study on easy bikes
The vehicles consume only 2.5pc of total power capacity, it says
3 June 2024, 14:56 PM
Narrowest budget deficit in a decade as govt to curb expenses
As the government wants to lower expenses, it is likely to contain the budget deficit to 4.6 percent of gross domestic product in the next fiscal year, a level seen a decade ago.
1 June 2024, 18:00 PM
Power producers may lose zero-duty benefit
Power generation companies, including rental ones, may see an end to a zero-duty benefit on their import of machinery, equipment and spare parts from next fiscal year as the government moves towards generating more revenue curtailing the practice of handing out tax exemptions.
16 May 2024, 18:00 PM
Rooppur, Matarbari, metros to get highest ADP allocation
The government is set to increase budget allocation for quick completion of the Rooppur nuclear and Matarbari coal-fired power plant projects.
15 May 2024, 18:00 PM
How to wean Bangladesh off LNG addiction
Bangladesh can reduce its liquefied natural gas (LNG) imports by 21 percent and save $460 million a year by replacing ageing, inefficient industrial captive power generators with more efficient models and harnessing the waste heat produced by generators for other applications, says a study.
13 May 2024, 18:00 PM
Efficient generators at industries can slash LNG imports by 21pc: study
Analysing data from 73 gas-fired captive generators at 51 industries with a combined capacity of around 250 megawatts (MW), the IEEFA said the average efficiency of these generators is only 35.38 percent
13 May 2024, 06:02 AM
ADP to see record foreign funds next fiscal year
Amid the crisis of dollars, the next Annual Development Programme will have a record Tk 1 lakh crore allocation from foreign funds.
7 May 2024, 18:00 PM
Improving summer power supply: Govt pays half the subsidy power ministry needs
The Finance Division last week disbursed Tk 1,500 crore in subsidy against the power ministry’s demand for the immediate release of Tk 3,000 crore to boost electricity supply during the summer months.
27 April 2024, 18:00 PM
Bangladesh won’t benefit from global LNG oversupply
The global liquefied natural gas supply capacity will increase drastically in future and the prices will stay low, but Bangladesh is not likely to reap the benefit due to fiscal challenges, according to a global report.
25 April 2024, 18:00 PM