Energy Bangla

Prime Minister Sheikh Hasina directs implementation of the fast-track six projects as fast as possible to boost the economy. The decision came at the first meeting of the Fast Track Project Monitoring Committee, chaired by Prime Minister Sheikh Hasina at her office on Wednesday. The committee reviewed the implementation status of the six projects. The projects are Padma Multipurpose Bridge, Rooppur Nuclear Power Plant, Rampal Coal-fired Thermal Power Plant, Dhaka... »

President Abdul Hamid met Indian high commissioner to Bangladesh Pankaj Saran and laid emphasis on resolving all pending issues with India on Sunday. The desire expressed during a meeting at Bangabhaban in the afternoon comes in view of the land boundary agreement and sharing of Teesta waters. President Hamid hoped for expansion in friendship between India and Bangladesh since both sides were stretching areas of cooperation for mutual benefit. Hamid... »

H.E. Mr. Tofail Ahmed MP, Minister of Commerce of the People’s Republic of Bangladesh, is visiting India to attend the 5th SAARC Business Leaders Conclave being held in Delhi on January 16-17, 2014. He is accompanied by Mr. Murtozaa Reza Chowdhury, Additional Secretary, Department of Commerce. During the visit, the Hon’ble Minister will meet his counterpart Mr. Anand Sharma, Minister for Commerce & Industry as well as other Indian dignitaries.... »

The Unnayan Onneshan, an independent multidisciplinary think-tank, reveals that the gross domestic product (GDP) in the current fiscal year is likely to experience a decelerating rate for the third time in a row from those of the preceding years. The research organisation’s half-yearly assessment of the economy, coinciding with the end of the calendar year and the completion of the tenure of the present government, also states that the growth... »

The first Board meeting of the India-Bangladesh Foundation was held in Dhaka on December 21, 2013. The Foundation was established pursuant to the Memorandum of Understanding signed between India and Bangladesh on February 16, 2013. The Board meeting was co-chaired by High Commissioner of India to Bangladesh H.E Pankaj Saran and High Commissioner of Bangladesh to India H.E Tarik A. Karim. Board members who attended the meeting included Professor Sabyasachi... »

The Unnayan Onneshan, an independent multidisciplinary think-tank, in its current monthly economic update reveals that the situation of banking sector has been deteriorating in terms of growth and disbursement of credit and risk management, lowering the rate of growth of the economy. The think tank also observes that the decade-long policy of liberalisation in the sector has failed to lessen the rate of interest, its spread between deposit and lending,... »

DHAKA, BANGLADESH (11 December 2013) – Asian DevelopmentBank (ADB), and the Government of Bangladesh today signed a technical assistance grant project agreement for $1.5 million to help Bangladesh trade more quickly, cheaply, and efficiently. The Government ofJapan is providing the grant for the technical assistance project from the Japan Fund for Poverty Reduction (JFPR) ―a fund established in May 2000 by the Government of Japan to provide grants and technical... »

Bangkok, 7 November 2013: Representatives from more than 50 countries met today in Bangkok to craft a regional roadmap that will set consumption and production in the Asia-Pacific region on a more sustainable path. Representatives of governments, private sector, civil society and academia participated in the First Asia-Pacific Regional Meeting of 10-Year Framework of Programmes on Sustainable Consumption and Production Patterns (10YFP), to develop joint actions to advance sustainable consumption... »

The Executive Committee of the National Economic Council (ECNEC) approved 15 development projects Tuesday involving Tk 42.53 billion. Presided over by Prime Minister Sheikh Hasina, the meeting was held at the Planning Commission in Dhaka. Emerging from the meeting, Planning Commission Member Hedayetullah Al Mamun said out of the total cost for the 15 projects, Tk 31.23 billion will come from the government exchequer and the remaining Tk 11.30 billion... »

A new $110 million loan facility from the Asian Development Bank (ADB) will provide much-needed investment in private-sector infrastructure projects in Bangladesh, including in renewable energy. “Low investment in infrastructure is holding back development and economic growth in Bangladesh. Getting more power stations, roads, and water networks built would help those in rural areas in particular and could draw in more foreign direct investment,” said Peter Marro, Principal Financial Sector... »