The Institute for Energy Economics and Financial Analysis (IEEFA) has found that Bangladesh can immediately generate 1,700 MW-3,400 MW of electricity from renewable energy sources with a reduced cost between Tk 5.25 and Tk 7.6 against the existing cost Tk 8.84 per unit from the conventional fossil fuels. Energy Economics and
Author: Times Report
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S Alam Group signs $400mn deal for two new sugar refineries
SJIBL signs deal with Farazy Hospital
Shahjalal Islami Bank Limited (SJIBL) signed an agreement with Farazy Hospital Ltd.on 03rd April 2023 at bank’s corporate head office, a press release said Tuesday. Dr. Anower Farazy Emon, chairman, Farazy Hospital Ltd. and Mian Quamrul Hasan Chowdhury, AMD, signed on the agreement on behalf of their respective organizationsin. presence
Jewellers seek 10-year ‘tax holiday’ for gold refinery
Jewellers have demanded a ten-year tax holiday for gold refineries in the country to flourish the industry of the precious metal. At a pre-budget press conference on Tuesday, the Bangladesh Jeweller's Association (Bajus) wanted the government to provide the businesses with a 50% cash incentive for a minimum 20% value
Bkash offers cashback Tk3000 on Eid shopping
Like in previous years, customers can enjoy up to Tk2000 cashback and discount coupons on Bkash payments while shopping on the occasion of Eid. Besides, every hour, three customers with maximum purchases through Bkash payment will get up to Tk1000 cashback, reads a press release. Alongside these offers, customers can
IBBL promotes Altaf as DMD
Md Altaf Hossain, who was serving as the deputy managing director of Islami Bank Bangladesh Limited has been promoted as additional managing director, said a press release. Prior to this, he served as Head of Investment Management Wing, Dhaka Central Zone, Corporate Investment Division-II and SME Investment Division-II of the bank. He
Bangabazar fire incident mysterious: BNP
Referring to the fire incident at Bangabazar as mysterious, BNP Secretary General Mirza Fakhrul Islam Alamgir said poignant incidents like this are taking place repeatedly due to the indifference, carelessness and lack of accountability of the government. Mirza Fakhrul Islam said no action was taken after investigating such incidents that happened
Boosting trade reforms will help to navigate challenges: WB
Bangladesh made a rapid recovery from the Covid-19 pandemic, supported by prudent macroeconomic policies, but the economy now faces considerable challenges with global uncertainty, rising inflationary pressure, energy shortage, a balance-of-payments deficit, and a revenue shortfall, says the World Bank in its half yearly update released today. The Bangladesh Development Update
ADB lowers GDP growth forecast to 5.3pc in FY 23
Asian Development Bank (ADB) has lowered Bangladesh's gross domestic product (GDP) growth projection to the 5.3% for fiscal year (FY) 2023 from its earlier forecast of 6.6%. In September 2022, it trimmed its growth forecast for Bangladesh's GDP to 6.6% for the current fiscal year from a 7.1% projection made in