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Sets conditions for releasing second instalment of $1b credit The International Monetary Fund has asked the government to increase prices of petroleum products by Tk 10 per litre by next month as part of its condition to release $140 million, the second instalment of its $1 billion credit. The IMF early this month sent to […]

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The state-owned Bangladesh Power Development Board is racking up large losses by paying penalties for not purchasing electricity from some oil-fired power plants under an existing agreement, a top BPDB official told Platts Monday. Bangladesh has kept many of its oil-fired power plants shut under a cost-cutting measure since early March as the BPDB stopped […]

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A domestic oil supply could tame volatile prices and boost economic production by fueling a more robust power supply, experts say. By K.R. Chowdhury for Khabar South Asia in Dhaka Along the river Piyain in Bangladesh’s land-locked northeastern Sylhet region, tourism and the sale of crushed rock for roads have long been the main drivers […]

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The net losses incurred by Bangladesh’s state enterprises doubled to 16,880 crore taka (US$2.06 billion) in the current fiscal year compared to the previous year, mainly due to lower selling prices of fuel and electricity than their purchase prices. Of the 48 state enterprises, 36 made a profit of 8,386 crore taka ($1.02 billion), while […]

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