New factories face double costs in industrial sector
New factories face double costs in industrial sector

The government has decided to double the price of new connections in industries and captives, and the ministry already given in-principal approval. Energy and mineral resources division expressed their desire of charging price in line with imported LNG. If the owners want to increase load in...

Initiatives aimed at reviving glory of ‘golden fiber’
Initiatives aimed at reviving glory of ‘golden fiber’

The Interim Government of Bangladesh has taken significant steps to revive the nations once-thriving jute industry, often dubbed the golden fiber. As part of this initiative, Bangladesh Bank has introduced special provisions to facilitate the repayment of outstanding loans in the jute sector....

Energy Adviser describes bureaucratic challenges as ‘Fighting My Own Shadow’
Energy Adviser describes bureaucratic challenges as ‘Fighting My Own Shadow’

Energy Adviser Dr. Fouzul Kabir Khan expressed frustration over bureaucratic challenges, likening his efforts to fighting with my own shadow during a seminar titled Predictable Energy Pricing and Supply Stability organized by the Dhaka Chamber of Commerce and Industry (DCCI) on Saturday....

Dubai to reimpose 30% alcohol sales tax from next month
Dubai to reimpose 30% alcohol sales tax from next month

Dubai will reinstate a 30% municipality tax on alcohol sales starting January 1, 2025, according to several restaurateurs and a communication from alcohol retailer African + Eastern. The announcement was made via email to restaurants and bars, notifying them of the change, reads a Khaleej Times...

Running business is difficult now: Speakers
Running business is difficult now: Speakers

Businessmen said they are going through hardship as there is a chaos in the banking sector of the country and the law and order situation has not fully restored. The business leaders made the remarks on Saturday at a trade conference titled Private sector outlook: Expectations and Priorities...

RMP implements new measures to enhance road safety
RMP implements new measures to enhance road safety

Rajshahi Metropolitan Police (RMP) has been working relentlessly for making the city streets safe for both the users and pedestrians through ensuring proper traffic management. BSS reports. Already, many of the city dwellers have started getting benefits as time-fitting measures were taken to...

Nissan shares plummet after deep cuts announcement
Nissan shares plummet after deep cuts announcement

Nissan Motor shares plummeted as much as 10% in Tokyo trade on Friday, following the automakers announcement of a drastic restructuring plan. The company aims to slash 9,000 jobs and reduce its manufacturing capacity by 20% to combat declining sales in China and the United States, reports Reuters....

Tk 916 Crore Overspending on Coal Purchases
Tk 916 Crore Overspending on Coal Purchases

The authorities overseeing the Matarbari Thermal Power Plant in Coxs Bazar, Bangladeshs largest and most expensive coal-fired power plant, have come under scrutiny for allegedly overpaying for coal. The government is now facing an additional cost of 916 crore 44 lakh Taka. Meghna Group has been...