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PPP Authority promotes investment in renewable energy, coastal tourism

The Public Private Partnership Authority (PPPA) organised its Divisional Conference at Bangladesh-China Power Company Ltd. (BCPCL) in Patuakhali on Thursday, aiming to unlock regional investment opportunities through the PPP model.The event brought together key stakeholders from government and industry. PPP Authority CEO (Secretary) Muhammad Rafiqul Islam attended the event as...

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Ctg mayor calls for separate ministry for tourism

Bangladesh requires a separate and dedicated tourism ministry to further harness the country's tourism potential. The industry can be the fourth largest contributor to the national GDP, given that necessary policy and infrastructure support are provided.Dr. Shahadat Hossain, Mayor, Chattogram City Corporation, said this as the chief guest while formally...

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US retail sales barely rise in April

WASHINGTON, May 15 (Reuters): US retail sales growth slowed in April as the boost from households front-loading motor vehicle purchases ahead of tariffs faded and households pulled back on other spending against the backdrop of an uncertain economic outlook.Retail sales edged up 0.1 per cent last month after an upwardly...

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Global oil demand growth to slow for rest of 2025 as supply jumps: IEA

LONDON, May 15 (Reuters): Global oil demand will rise more slowly for the remainder of 2025 due to economic headwinds combined with record sales of electric vehicles, the International Energy Agency (IEA) said on Thursday, as rising supply from planned OPEC+ output hikes keeps the market in surplus.Lower oil prices...

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Eurozone GDP growth revised down to 0.3pc in Q1

BRUSSELS, May 15 (AFP): The eurozone economy expanded at a slightly slower pace than estimated in the first three months of the year, official data showed on Thursday, with global trade tensions clouding the outlook.The EU's official data agency said the 20-country single currency area recorded growth of 0.3 per...

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Gold steadies as dollar slips

Gold prices erased early losses to steady on Thursday, helped by a weaker dollar and technical buying as investors await key US economic data later in the day for further clarity on future interest rates, reports Reuters.Spot gold was little changed at $3,179.07 an ounce as of 1102 GMT, after...

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