Business-Economy

Bangladesh, India, Nepal launch trilateral power transaction

TDS Desk In a major breakthrough, Bangladesh, India, and Nepal formally launched electricity flow transactions from Nepal to Bangladesh through the Indian grid on Friday. Indian Minister for Power and

10yr tax exemption for renewable power producers going commercial between 2025-30

TDS Desk “The initiative will help achieve the target of generating 4,000 MW of electricity from renewable energy by 2030,” Power and Energy Adviser Muhammad Fouzul Kabir, who also attended

Rice prices to fall with new Aman supplies in market: Food adviser

UNB, Dhaka Food Adviser Ali Imam Majumdar has said that rice prices will likely decline in the coming weeks with new Aman supplies set to hit the markets. “The harvesting

Bank accounts of NRBC Bank chairman Parvez Tamal, 2 other officials frozen

TDS Desk The Bangladesh Financial Intelligence Unit (BFIU) today (14 November) directed banks to freeze all accounts of NRBC Bank Chairman Parvez Tamal and two other officials. The other officials

Fall of S Alam’s empire: Oil, sugar mills shut as banks reluctant to deal with the group

TDS Desk The once mighty but currently of tarnished reputation Chattagram-based S Alam group is finding it hard to keep its factories running as banks are taking a hard stance

LC Margin for fertilizer imports relaxed

TDS Desk The import procedure for fertilizer has been streamlined to ensure a steady supply to farmers at the grassroots level. The Bangladesh Bank has relaxed the LC (letter of