The dream of establishing road connectivity between the southwestern part of Bangladesh and the capital city came true after the opening of long-waited Padma Bridge in June.

Stocks of fuel distributors and marketers Padma Oil Company, Meghna Petroleum, Jamuna Oil Company and Intraco Refueling Stations rose yesterday after the government increased prices of fuel in the range of 41 per cent to 51 per cent amidst a drop in the benchmark index of the Dhaka bourse.  

In a desperate move the government yesterday instructed all businesses and industries to adopt staggered weekends that would be designated for their respective zones to continue running production whilst saving electricity to reduce power cuts. 

The World Bank yesterday signed a $300 million financing agreement with the Bangladesh government to help the nation strengthen its urban institutions to recover from the Covid-19 pandemic and improve preparedness for future shocks.

A programme styled “Graduate Employment in Private Sector” was launched yesterday to train graduates entering the workforce on foundational skills such as digital and financial literacy, communication, and business appreciation.

The increase in gas tariff in June and the fuel price hike on Saturday will have an immediate negative impact on transportation, essential commodities and electricity, said the Dhaka Chamber of Commerce and Industry (DCCI) yesterday.

Bangladesh Bank recently raised the policy rate to tame soaring inflation but the new benchmark is still lower than the country’s historic average, said an economist.

From the first week of September, entrepreneurs in Bangladesh will not require visiting the customs bond commissionerates to file applications to get a fresh licence to import raw materials duty-free used in making export-oriented finished products. 

This is the country’s second social loan principles (SLP)-based financing, the HSBC said in a statement.

The Local Government Covid-19 Response and Recovery Project will benefit 39.9 million urban residents in all eight divisions, the World Bank said in a statement today.

Businesses today agreed to implement the government’s instruction to go for zone-wise weekly shut down of industries to save electricity and continue production in mills and factories.

Diesel imports from Numaligarh Refinery Limited in India’s Golaghat district to an oil depot in Parbatipur upazila of Dinajpur will likely begin at the end of the year if the India-Bangladesh Friendship Pipeline is completed on time, according to project officials.

If you type Betwinner, which is an online sports betting site, on Google and scroll past a couple of search results, you will find a link related to Bangladesh.

The government move to increase the price of diesel by a high margin has caught many farmers off guard. 

The government’s decision to impose an astronomic hike in fuel prices is irrational as it comes at a time when the general public is losing its purchasing power amid record inflation following the hardships brought on by Covid-19.

Patients in Bangladesh, even for a simple treatment or consultation, often get bewildered how they would find their desired doctors and locate the nearest or best hospitals or labs. 

The cost of fuels for Plummy Fashions Ltd, the world’s greenest knitwear factory located in Narayanganj, will go up by 25 per cent owing to Saturday’s more than 50 per cent hike in the price of petroleum products. 

The government should continue giving subsidies to the agriculture sector to ensure food security and shun imports, economists said yesterday.

The implementation of various projects under the Bangladesh Delta Plan 2100 (BDP 2100) requires taking effective steps to build physical infrastructure as well as enhance the capacity and efficiency of the workforce, speakers said at a seminar yesterday.

Bangladesh has been confronting a major economic crisis for several months.