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Process ongoing for LNG deal with truant firm Socar

Preparation is on stream to award a liquefied natural gas (LNG)-supply contract to a truant foreign firm that had previously left Bangladesh without completing a contracted drilling job, sources say, stoking fresh concerns.Energy-industry insiders say the move towards deal-making with Socar, an Azerbaijani company, has triggered unease, given the firm's...

Economy experiences liftoff on growth leaps in pivotal sectors

Bangladesh's turmoil-tossed economy shows significant signs of recovery with the July-September fiscal quarter showing a liftoff from a miasma over the last couple of years, analysts say, based on latest statistics.The economy got a boost with the gross domestic product (GDP) having grown at a rate of 4.50 per cent...

Hundreds killed in Iran protests: UN

The UN human rights chief said on Tuesday that he was "horrified" by mounting violence by Iran's security forces against peaceful protesters, with the UN citing its own sources as saying that hundreds have been killed so far.The Islamic Republic's clerical authorities are facing the biggest demonstrations since 2022 and...

Final decision on joining Gaza force ‘rests on next govt’

Bangladesh's participation in the proposed International Stabilisation Force (ISF) for Gaza is likely to be decided by the next elected government, as officials emphasise that current discussions are preliminary and contingent on a clear United Nations mandate and political consensus at home.Senior officials at the foreign ministry told the Financial...

Action looms against auditors of five merged banks

The government will take action against the auditors of five recently merged banks over allegations of manipulating financial statements that encouraged small investors to buy their shares from the stock market, Finance Adviser Dr Salehuddin Ahmed said on Tuesday. He indicated that the authorities are examining the circumstances under which...

FY26 Jul-Nov current account deficit widens

Bangladesh's current-account deficit widened in the first five months of the fiscal year ending November last as sluggish export growth combined with a pick-up in imports, though the overall balance of payments remained comfortably in surplus.The current-account deficit, or the key part of the overall Balance of Payments (BoP), stood...

Enforced disappearances extended beyond borders

The full report of the Commission formed to investigate enforced disappearances during the Awami League regime reveals that such incidents extended beyond the country's borders. The report, published on Tuesday, said that victims were, in some cases, "abducted in one country and delivered to the authorities of another", a process...