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Gas reserve potential left unexplored in Bangladesh

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Bangladesh, globally hailed as a potential gas basin, has long been in the grip of an acute gas crisis thanks to lack of gas exploration initiatives, said experts. In the past 12 years, only 18 exploration wells have been dug with the discovery of four gas fields, according to the Bangladesh Oil, Gas and Mineral Corporation, […]

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Facts Check: Power Generation in Bangladesh

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by Prof. Badrul Imam* Bangladesh now has a power generation capacity in excess of 21,000 MW. On the other hand, power demand and generation in mid-February this year were in the range of 9,000 MW, less than half of the overall capacity. Even last summer the peak demand and generation hardly reached 12,000 MW. Considering […]

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Japan fails to secure VAT Exemption for JICA funded project in Bangladesh

Japan government’s hard fought prestigious Matarbari Power Plant Project in Bangladesh is in a dilemma over exemption of Value Added Tax (VAT) for the construction of the Matarbari coal-fired power plant. The two year long stand-off between Japan and Bangldesh could not be resolved as both sides remains firm in their position. Japan wishes not to be discriminated and […]

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Top 20 loan defaulters in Bangladesh named

one crore =10 million one EUR = BDT 94.53 The honourable Finance Minister of Bangladesh Mr. AHM Mustafa Kamal informed the parliament today that there were 266,118 loan defaulters in the country as of December 2018. A High Court order, however, prevented names of some defaulters from being published, noted the finance minister. The top […]

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200MW solar power plant to be built for $300m in Bangladesh

Southern Solar Power Ltd, a subsidiary of US-based SunEdison in Bangladesh, will set up a 200MW solar power plant at Teknaf in Cox’s Bazar with an estimated investment of $300 million. Once built, it would be the biggest ever solar-based electricity generation plant in Bangladesh. Bangladesh Power Development Board or BPDB will buy electricity from […]

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Another $25m IFC loan to a Bangladeshi company PRAN

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International Finance Corporation (IFC), the private sector development arm of the World Bank Group, has provided yet another $25 million loan […]

Korean Export Processing Zone at serious risk

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Instead of handing over the Korean Export Processing Zone (KEPZ) to the investor, the government of Bangladesh plans to take back […]

Dhaka needs to remove its rocky anti-FDI atmosphere

Korean Ambassador to Bangladesh Lee Yun-young

Korean Ambassador to Bangladesh Mr. Lee Yun-young has said Bangladesh should come out from protectionism and open up its market […]

‘Welfare Associations’ to negotiate for rights at Bangladesh EPZ

The Government of Bangladesh today approved, in principle, draft of a labour law for Export Processing Zones (EPZ) with the provision […]

Return of GSP seems far off – a lot more must be done

Bangladesh’s progress in implementation of the National Tripartite Plan of Action on Fire Safety and Structural Integrity (the Action Plan) which provides a […]

Bangladesh halts shutdown of “unsafe” factories

The Bangladeshi government is refusing to shut down garment factories declared unsafe, following a row with independent inspectors over the […]