Real-Estate & Infrastructure

The use of surface water has become the ultimate solution for irrigating croplands across the country as depleting underground reserves amid lesser rainfall and higher fuel costs have left farmers with little option. The government increased the price of diesel to Tk 114 from Tk 80 on August 5, making …

A committee yesterday suggested the government come up with alternatives to cash incentives on export receipts since Bangladesh will not be allowed to support its exporters in the current form after its graduation to a developing country. The observation was made at a national workshop of the LDC graduation sub-committee …

US energy giant Chevron Bangladesh has received approval for expansion of the Bibiyana gas-field with an additional 60 Square Kilometers “flank” area, aimed at producing low-cost gas from local fields to meet a severe energy crisis in the country, a top official said. The approval came up from the Energy …

Expatriate Bangladeshis sent $2.04 billion remittances in August, which was 12.6% higher than the corresponding month of the previous year. Wage earners had sent $1.81 billion remittance to the country in the same month last year. The country received $2.10 billion from the migrants overseas in July, which was the …

Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought cooperation from Japan International Cooperation Agency (JICA) in establishing lab facilities at land, sea and airports of the country. FBCCI Senior Vice President Mostofa Azad Chowdhury Babu on Thursday made this call during a meeting with the representatives of …

National Board of Revenue is going to launch a set of modules of the Bangladesh National Single Window project by December to facilitate international trade for local traders, said NBR officials. NBR member for customs audit, modernisation and international trade Abdul Mannan Shikder said that they will introduce modules of …

Necessary steps should be taken to ensure food safety and address challenges in the country’s poultry sector, which is a major source of nutrition for the general people, according to experts at a roundtable on Tuesday. They called for access to bank loans as well as incentives in times of …

Bangladesh’s foreign exchange reserve has started to decline once again as it stood at $39.05 billion yesterday in contrast to $39.21 billion the day before. The reserves stood at $39.59 billion at the end of July compared to $41.82 billion in June this year. The latest drop in the reserves …

The Bangladesh Investment Development Authority (Bida) has joined hands with US-based venture capital firm Anchorless Bangladesh to attract and facilitate targeted global investments and jointly promote investment opportunities in Bangladesh and abroad. A memorandum of understanding (MoU) was signed in this regard at a programme at Bida’s head office in …

The cost of Padma Bridge is set to increase yet more at the fag-end of the project tenure due to unprecedented devaluation of local currency against US dollar and price escalation of construction materials over the contract price, project sources said. They said the estimated fund for managing the contingencies …