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Force majeure leaves Bangladesh hunting costly LNG

Bangladesh has been forced to increase its purchases of costly liquefied natural gas (LNG) from the volatile spot market after three contracted suppliers invoked 'force majeure' under five sales and purchase agreements (SPAs), industry insiders said.According to market sources, QatarEnergy, OQ Trading International of Oman and Excelerate Energy of the...

EV shift to stay slow without power, policy

The transition to electric vehicles (EVs) will remain slow unless the country ensures uninterrupted electricity supply, rapidly expands charging infrastructure and adopts a comprehensive national policy backed by stronger public-private collaboration, stakeholders said at a seminar in Dhaka on Saturday.They noted that although the government has introduced tax and duty...

Dhaka seeks $3.3b loan for fossil fuels, fertiliser imports

Bangladesh has launched high-level negotiations in Jeddah, Saudi Arabia, to secure a US$3.30 billion trade financing package from the International Islamic Trade Finance Corporation (ITFC) to finance imports of fuel, liquefied natural gas (LNG) and fertiliser in fiscal year 2026-27, officials said on Saturday.The four-day annual financing planning meeting, scheduled...

Bureaucratic bottlenecks cut DMTCL's operational capacity

The Dhaka Mass Transit Company Limited (DMTCL) continues to face bureaucratic hurdles that have weakened its operational capacity, according to officials and project insiders.Established in 2014 to develop and operate Dhaka's metro rail network, the state-owned company has struggled with governance, staffing and procurement issues since its inception, they said."We...

Venezuela earthquakes kill nearly 1,000, tens of thousands missing

LA GUAIRA (Venezuela), June 27 (Agencies): The death toll from twin earthquakes in Venezuela rose Friday to 920, with tens of thousands reported missing as international rescue teams boosted a desperate and slow-moving search for survivors.Caracas residents jeered interim leader Delcy Rodriguez during her visit to a devastated neighborhood, as...

Six die with suspected measles infections

Health authorities recorded six more deaths linked to measles-like symptoms in the 24 hours until 8:00am on Saturday.With the latest fatalities, the total number of measles-related deaths since mid-March has risen to 708. Of them, 93 have been laboratory-confirmed, according to the Directorate General of Health Services (DGHS).During the reporting...

Suspect in Italy triple murder identified

Italian police have identified and released a photo of the prime suspect in the murders of three members of a Bangladeshi family in Rome.The suspect was identified as 43-year-old Shahadat Hossain, who also hails from Bangladesh, reports, bdnews24.com.The Rome prosecutor's office ordered the photo be made public on Saturday afternoon...