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whopping 158 billion euros ($158 billion) in energy exports in the six months following its invasion of Ukraine, with the EU accounting for more than half, a think tank said Tuesday. The Centre for Research on Energy and Clean Air called for more effective sanctions against Moscow after the invasion …

Selling rice and flour through open market sale (OMS) program will continue until the rice market is stable, Food Minister Sadhan Chandra Majumder said today (September 6, 2022). “The government operates the program for five months – from March to April and September to November – every year and the …

Planning Minister MA Mannan expressed his hope on Tuesday that the general point to point inflation in the country is likely to ease from October due to the various measures taken by the government. “The inflation is likely to remain a bit higher in September as it was in August. …

Renewable energy resources turned out to be the second cheapest source of electricity, after gas, in the 2021-22 financial year, according to Power Development Board data. In the past financial year, the cost of each unit of electricity generated by renewable energy — mainly solar power — in private plants …

Bangladesh Bank (BB) has scrapped the 360-day special repo facility due to the improvement in the Coronavirus situation and a lack of demand for the borrowing tool. The central bank introduced the special repo on May 13, 2020 in order to implement the stimulus packages and to ensure smooth liquidity …

Asia coal price has skyrocketed to a new record amidst signs of a further price hike next year which is ominous for Bangladesh to be locked into energy crisis already crippling the country. High liquefied natural gas and diesel prices have already compelled Bangladesh to suspend electricity production at many …

Bangladesh’s entrepreneurs have made a lot of advancements in building their capacity to make lighting products and accessories for residential and industrial use. Today, more than a dozen of local lighting solutions providers, assemblers and manufacturers produce a good range of energy-efficient LED (light-emitting diode) lights, thanks to duty benefits …

The number of filling stations that dispense liquefied petroleum gas (LPG), also known as Autogas, is on an upward trend across the country as consumption is growing amid government efforts to cut dependency on compressed natural gas (CNG) and fuel oil. According to station operations, the number of LPG filling …

Oil prices fell more than $1 on Wednesday to their lowest since before Russia invaded Ukraine as COVID-19 curbs in top crude importer China and expectations of more interest rate hikes spurred worries of a global economic recession and lower fuel demand. Brent crude futures fell $1.08, or 1.2 per …

Prime Minister Sheikh Hasina today (September 7, 2022) said Bangladesh-India cooperation should go beyond trade to derive larger gains. “It should include investment, finance, services, technology transfer, and be placed within the context of regional cooperation,” she said. The prime minister was addressing a business event, jointly organised by the …