Body to set up investment agency with merger of six entities
The government has initiated a fresh move to establish a unified Investment Promotion Agency (IPA) through merging six entities, aiming to streamline investment promotion and attract higher foreign direct investment (FDI) in Bangladesh.Under the latest move, the Prime Minister's Office has formed an inter-agency committee to determine the next course...
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Food, transport, trade costs set to spike
Food production, trade and transportation costs may increase further on fuel-price hike by Tk 15-20 per litre in Bangladesh amid an exigent global crunch.Bangladesh uses about 4.35 million tonnes of diesel annually, and around 24 per cent of it is used in agriculture. About 80 per cent of irrigation depends...
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After fuel oils, comes second successive LPG price hike
Liquefied petroleum gas (LPG) price is jacked up to Tk 1,940 per 12-kilogram cylinder in a second successive hike within a month, which critics say would increase pressure on household budgets.Bangladesh Energy Regulatory Commission (BERC) Sunday announced the latest "adjustment" in the price of the widely used cooking gas with...
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Watermelons are unloaded from boats at Badamtoli Ghat on the Buriganga River in the capital on Sunday, as
Watermelons are unloaded from boats at Badamtoli Ghat on the Buriganga River in the capital on Sunday, as prices of the juicy summer staple rise in the retail market due to a supply shortfall, with consumers paying Tk 10-15 more per kilogram. — FE Photo by K Asad-Uz-Zaman
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Octane: overflowing depots, motorists' empty fuel tanks
The government has claimed that it has sufficient stocks of octane and diesel to meet the local demand.However, supply remains sluggish, and people across the country are still enduring long and often unbearable waits at filling stations.Fuel stations have imposed purchase limits based on vehicle capacity, further fuelling panic buying.The...
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Oil-price hike not under IMF pressure: Khosru
This government won't borrow from the International Monetary Fund (IMF) by agreeing all the conditions set with the ousted Awami League administration, says Finance and Planning Minister Amir Khasru Mahmud Chowdhury. "The lending programme was taken by the Awami League government. There are many conditions in the programme, some of...
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Cronyism, kleptocratic legacy stalling Bangladesh's reforms
Speakers at a programme on Sunday stressed that entrenched cronyism, weak political accountability, and a longstanding "kleptocratic legacy" were continuing to stall Bangladesh's reform agenda, despite repeated policy commitments over the decades.Speaking at a plenary session of the ninth SANEM Annual Economists' Conference 2026 at BRAC Centre Inn in the...
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