Bangladesh has agreed to pay over $24 per million British thermal units (MMBtu) for two LNG cargoes to be delivered in September, as the country continues to scramble for supplies amid a global market squeeze triggered by the US-Israel war on Iran.

Adverse weather has reduced jute yields this year, while export restrictions have weakened demand and pushed down prices, raising fears of losses among farmers.

Says CPD in its assessment of the government’s first six months

Bangladesh’s need for financing to protect land and build climate resilience has already exceeded the annual allocation of its Climate Change Trust Fund, Environment, Forest and Climate Change Minister Abdul Awal Mintoo said yesterday.

Ten ministries and divisions failed to spend a single penny on development projects in the first month of the current fiscal year, according to government data.

The government agreed to pay $24 per MMBtu, which was $10-$12 before February this year

Bangladesh Agricultural Development Corporation (BADC) and Bangladesh Chemical Industries Corporation (BCIC), two agencies under the agriculture and industries ministries, will buy the crop production input, mostly used for rice cultivation, from Saudi Arabia, Russia, Morocco, Canada and Karnaphuli Fertilizer Company Ltd (KAFCO)

442 containers of goods will be auctioned from August 27 to September 16

He noted that bureaucrats try various ways to influence the government and run it in line with their own preferences

Despite the increase in spending, the implementation rate remained unchanged at 0.69 percent

Citing Bangladesh Bureau of Statistics data, he said the picture is worse at the industrial level

The two sides discussed ways to identify those issues and make bilateral trade relations easier and more effective

The move away from the July-June cycle is aimed at avoiding monsoon-related delays in vital infrastructure development

Runner Automobiles PLC is set to manufacture cars of Chinese electric vehicle maker BYD in Bangladesh, marking a strategic shift for the company beyond its traditional two- and three-wheeler business.

Women make significant contributions to agricultural production and post-harvest activities in Bangladesh, but their access to wider markets remains limited, said Tasnuva Zaman, national gender specialist at the Food and Agriculture Organization (FAO) Bangladesh.

Invest Bangladesh, the country’s new apex investment promotion agency, began operations yesterday, bringing the Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zones Authority (BEZA) and Public-Private Partnership Authority (PPPA) under one umbrella.

Sugar prices are rising as the ongoing gas crisis is curbing production at local refineries, which had stepped up output after three major suppliers exited the market.

Around 2.5 lakh yards of chemically treated fabric have been damaged at Tithi Textile in Madhabdi, Narsingdi, after gas pressure remained at zero for the last four days, bringing production and generators to a halt, said Sonet Saha, the factory’s maintenance manager.

People are losing hard-earned cash to online scams offering cheap loans and quick investment returns

Transactions through Bangla QR -- the country’s interoperable national payment standard -- have nearly doubled since the system became mandatory for merchants on July 1, Bangladesh Bank (BB) said.