“We will have to adjust electricity prices once again next month. We may reduce it again next month if fuel prices come down,” the state’s minister for power, energy and mineral resources said on Monday. “We do not have the opportunity to provide more subsidies. Prices should be readjusted.
Kyiv has asked for months for Western tanks it says it desperately needs to give its forces the firepower and mobility to break Russian defensive lines and retake territory captured in the east and south. Russia has said that such weapons would only prolong the war and prolong Ukrainian suffering, and that the West is […]
BGMEA seeks support of buyers Citing high gas, electricity and production costs, the BGMEA sent a letter to foreign buyers and brands seeking assistance. A group of apparel exporters has asked them to relax the conditions for buying clothes and other items from specific companies in their orders. The gas price was last week fixed […]
The government has increased natural gas prices for industrial units and power producers for the second time in only six months. The government on Wednesday said the price of gas has been fixed at a flat rate of Tk 30 per cubic meter for industrial units of all sizes. Earlier, large industrial units had to […]
India’s services industry saw activity increase at its fastest pace in six months during the last month of 2022, a private sector survey shows, boosting business optimism despite higher costs. The S&P Global India Services Purchasing Managers’ Index (PMI) (INPMIS=ECI) rose to 58.5 in December from 56.4 in the previous month, upsetting expectations of a […]
Singapore’s economy is set to grow 3.8% in 2022, preliminary data showed on Tuesday, outpacing government expectations but slower than last year. The government’s official forecast for growth in 2022 was 3.5%, down from 7.6% in 2021. The gross domestic product (GDP) grew by 2.2% in October-December on a year-on-year basis, the Ministry of Trade […]
US economy ‘most resilient’ Meanwhile, Georgieva said, the US economy is standing apart and may avoid the outright contraction that is likely to affect a third of the world’s economies. “America is the most resilient,” he said, and it “can survive a recession. We see the labor market remains very strong.” But that fact in […]
The Cricket Board of India (BCCI) will increase its focus on player fitness and consider who has played enough domestic seasons while selecting them for the national team, it said on Sunday after a review meeting ahead of the 2023 World Cup. The board said the National Cricket Academy will work with teams in the […]
Ridesharing company Uber has said that key data has shown steady growth in Bangladesh. The company released its annual analysis on Monday, which highlighted the completion of 150 million kilometers of trips during 2022, marking Uber’s expansion across all eight divisions. In 2022, Uber’s services will expand to 20 cities in the division. Dhaka was […]
Britain will launch reforms on Friday to ease bank capital rules, one of 30 measures the government says will unlock investment and secure its position as the world’s “leading financial centre”. “Leaving the EU presents us with a golden opportunity to reshape our regulatory regime and unleash the full potential of our formidable financial services […]
According to the energy regulator, the new price will be effective from Sunday evening. This increase has come amid a rise in commodity prices in the international market. Last month, Saudi Aramco’s CP price for a tonne of propane and butane was fixed at $610 and has increased to $650 in December. Accordingly, the price […]
The country has achieved almost 30 percent growth in export in the first quarter of the fiscal 2011- 12 mainly due to buyers shifting of imports from China and South Korea to Bangladesh and improved compliance to the factories. According to a primary estimate by the Export Promotion Bureau (EPB), the overall export earning in the […]