Dhaka Wednesday, Oct 4, 2023
EB Reports
Prime Minister Sheikh Hasina has questioned the need for the significantly subsidised cost of gas and electricity in Bangladesh and urged people to pay their share of the actual cost. “The gas and electricity supply can be given, if all agree to pay the purchasing costs,” she said on Sunday, according to the state-run Bangladesh Sangbad Sangstha. “How much subsidy can be given to it? And why should we give... » 
Washington, DC: The Executive Board of the International Monetary Fund (IMF) approved 42-month ECF / EFF arrangements of SDR 2.5 billion (equivalent to 231.4 percent of quota or about US$3.3 billion), and a concurrent RSF arrangement of SDR 1 billion (equivalent to 93.8 percent of quota or about US$1.4 billion) to support Bangladesh’s economic policies. Bangladesh is the first country in Asia to receive financing under the RSF. Approval of... » 
Parliament on Sunday passed the Bangladesh Energy Regulatory Commission (Amendment) Bill 2022 to pave the way for the government to adjust the prices of gas and electricity without a public hearing in special cases. State minister for power, energy and mineral resources Nasrul Hamid raised the bill in Parliament, after checking with public opinion, sending it to the select committee and fixing the amendment proposals. It was passed by voice... » 
Bangladesh has rolled out its first metro rail services with great fanfare in a desperate effort to ease commuting in Dhaka, one of the world’s most crowded cities that chokes on its traffic congestion due to inadequate public transport. Sheikh Hasina flagged off the first metro train at Uttara North Station and became the first passenger on the maiden trip to Agargaon after inaugurating the services at a ceremony marked... » 
Trains in the Dhaka Metro Rail network, the country’s first, will be powered by electricity from the national grid. But the metro trains have also been equipped with high-capacity batteries to ensure that they keep running during emergencies. The Dhaka Mass Transport Company Limited (DMTCL), the project authority, said the metro rail employs the energy storage system, or ESS, which means the trains’ braking system will be used to recharge... »
Recently, Chevron Bangladesh President and Managing Director, Mr. Eric M Walkervisited Sylhet and Habiganj where he attended events to support the local community as part of its Social Investment Initiatives. Ambulance handover to Sylhet City Corporation, Sylhet Mr Eric M Walker handed over an ambulance to Sylhet City Corporation at our Jalalabad Gas Field Office, Sylhet. When the country needs reliable, affordable energy to run its hospitals and emergency facilities,... »
The Power Division has won the ‘Digital Bangladesh Award 2022’ for ensuring efficiency, transparency and accountability alongside improving the quality of customer service by implementation of Enterprise Resource Planning (ERP). Prime Minister Sheikh Hasina addressed the programme as the chief guest marking the Digital Bangladesh Dibos-2022 and distributing prizes among the winners of the online quiz competition and Digital Bangladesh Puruskar (award)-2022. The Information and Communication Technology (ICT) Division organised... »
Honorable Mayor of Sylhet City Corporation Mr. Ariful Haque Chowdhury inaugurated the Bholanando Uttoron Technical training center recently in Sylhet. Uttoron project is funded by Chevron and implemented by Swisscontact. Uttoron project started the modernization of Bholanando Uttoron Technical Training Center through partnership with Sylhet City Corporation. The training center located in the heart of Sylhet city, will be managed by Sylhet City Corporation through Public Private Partnership with an... »
Two more RMG factories in the country have been recognized as ‘green factory’ totaling the number of green factories to 178 in Bangladesh. Of the two new recognized factories, one got platinum rating while the other got gold rating. In the current year, a total of 13 RMG factories got the recognition of green factories under platinum rating category. The two new factories which got ‘green factory’ certificates are Bornali... »
Bangladesh is going to receive credit facility up to 3.468 billion SDR or around $4.5 billion from the International Monetary Fund (IMF) over the next four years. “We’re going to get the loan from IMF in the same way that we’ve approached earlier. There were apprehensions that we may not avail it due to conditions. But, finally we’re getting it under such conditions which we also feel should be fulfilled,”... »