48 news articles tagged with "Government News"
Petrobangla has denied plans to increase gas prices, issuing a public notice urging people not to be misled by speculative reports. The clarification comes amid the ongoing gas crisis and rising LNG spot prices.
Russia has offered to supply urea fertilizer to Bangladesh at $10 lower per tonne than other suppliers, proposing 280,000 tonnes through BCIC. The offer was made during a meeting between Russian Chargé d'Affaires and Commerce Minister Khandakar Abdul Muktadir.
The Bangladesh government is planning to introduce an AI-based data analytics system to forecast essential commodity shortages by analysing 10 years of data. Commerce Minister Khandakar Abdul Muktadir said the platform would enable faster, better-informed decisions on commodity management.
A CPD study reveals that supply shortages, trader collusion, and hoarding are the most frequent causes of high food prices in Bangladesh. Price spreads exceed 100% for potatoes, brinjal, and green chilli, hitting low-income households hardest.
More than 55% of Bangladesh's rivers and canals have lost functionality, forcing 77% of freight onto roads. DCCI President Taskeen Ahmed says waterway transport costs 55-60% less than road, urging revival of circular waterways.
Prime Minister Tarique Rahman has assured the tea industry of full government cooperation, pledging loan easing, low-interest credit, and solar power generation on uncultivable tea garden land. A committee will be formed to identify and resolve the sector's problems.
Textile millers and the BGMEA made separate pitches to the Prime Minister, with BTMA seeking a refinancing scheme and BGMEA demanding uninterrupted gas supply to protect apparel competitiveness.
Bangladesh exported 812 products to 202 markets earning $44.17 billion in FY25, the commerce minister told parliament, highlighting the country growing export footprint.
Bangladesh's government has set ambitious post-LDC graduation investment targets even as private capital formation continues to lag, raising concerns about whether the country can sustain export competitiveness without its current duty-free market access.
Bangladesh's commerce ministry is preparing a five-year trade plan to address the export competitiveness challenges that will follow LDC graduation, with emphasis on market diversification, free trade agreement negotiations, and product upgrading.
Bangladesh's Parliament has passed the Invest Bangladesh Bill, creating a single investment authority by unifying BIDA, BEZA, and PPPA into one streamlined organization to attract more foreign direct investment.
The government has retained export incentives for 43 priority sectors in FY2027, preserving a critical support buffer as Bangladesh prepares to navigate the loss of LDC-era trade preferences.