Government debt increased 13.3 percent last fiscal year to a record Tk 18.3 lakh crore, raising concerns about repayment amid the low revenue mobilisation.
The Bangladesh Independent Power Producers Association (BIPPA) has urged the government to clear half of its overdue payments, amounting to Tk 9,000 crore, within the next 10 days or contend with disruptions to the electricity supply during Ramadan.
Inadequate gas supply has been forcing Farzana Akter and Rabiul Islam to eat at restaurants every morning for two weeks.
Industrial and captive power connections would soon have to pay a much higher tariff for gas usage after the ministry of power, energy and mineral resources decided in principle to implement a new pricing structure to reflect the fluctuating global market.
In a landmark verdict, the High Court yesterday scrapped a part of the 15th amendment to the constitution that abolished the non-partisan caretaker government system.
Seven global oil and gas companies purchased tender documents for gas exploration in the Bay of Bengal, but none submitted the papers within the deadline, which ended yesterday.
Seven purchased tender documents, but none submitted papers finally
Captive power, which the industrial sector in Bangladesh leans on heavily, has been weakening the financial health of the Bangladesh Power Development Board (PDB) by costing it customers that pay the highest tariffs.
Government debt increased 13.3 percent last fiscal year to a record Tk 18.3 lakh crore, raising concerns about repayment amid the low revenue mobilisation.
The Bangladesh Independent Power Producers Association (BIPPA) has urged the government to clear half of its overdue payments, amounting to Tk 9,000 crore, within the next 10 days or contend with disruptions to the electricity supply during Ramadan.
Inadequate gas supply has been forcing Farzana Akter and Rabiul Islam to eat at restaurants every morning for two weeks.
Industrial and captive power connections would soon have to pay a much higher tariff for gas usage after the ministry of power, energy and mineral resources decided in principle to implement a new pricing structure to reflect the fluctuating global market.
In a landmark verdict, the High Court yesterday scrapped a part of the 15th amendment to the constitution that abolished the non-partisan caretaker government system.
Seven global oil and gas companies purchased tender documents for gas exploration in the Bay of Bengal, but none submitted the papers within the deadline, which ended yesterday.
Seven purchased tender documents, but none submitted papers finally
Captive power, which the industrial sector in Bangladesh leans on heavily, has been weakening the financial health of the Bangladesh Power Development Board (PDB) by costing it customers that pay the highest tariffs.
Summit has run into a payment dispute with Petrobangla over a $22 million bill for the four months its floating LNG terminal was out of commission as a result of damages from cyclone Remal.
A total of $234 billion was siphoned off from Bangladesh between 2009 and 2023, according to the white paper on the state of the economy.
