Staff Reporter :The government plans to decommission six diesel-fired power plants before the end of 2023, saving around Tk 2,250 crore per year. Sources said that the combined capacity of these six powerplants belonging to four private companies is nearly 1000 MW. The diesel-fired power plants facing retirementby year-endare Bangla Track’s 300 MW (Jessore 100 MW and Daudkandi 200 MW), Aggreko’s 200 MW (Awarahati 100 MW and Brahmangaon 100 MW), APR Energy’s Pangaon 300 MW, and Paramount’s Baghabari 200 MW,...
AFP :Chinese dissidents who took part in the 1989 Tiananmen Square protests unveiled a museum in New York on Friday dedicated to remembering the “democratic dreams of the Chinese people,” two days ahead of the 34th anniversary of the uprising’s “brutal suppression.”“The events of 1989 had an impact on China but also on the entire world,” said Wang Dan, founder of the tiny museum and a former student leader on Tiananmen Square.“Today, as we begin to wake up to the...
Business Desk :Bangladesh Bank has issued a directive to authorized dealer banks engaged in foreign exchange transactions, mandating the collection of tax at source on remittances received for services and revenue sharing, as per Section 124 of the Income Tax Act, 2023. The instruction was informed by Sarwar Hossain, director of the Foreign Exchange Policy Department (FEPD) of Bangladesh Bank, aiming to bolster national revenue collection efforts. The tax commissioner’s office had previously requested this directive from Bangladesh Bank, with...
Sports Reporter :Bangladesh will face Ireland in the second One Day International (ODI) match at Chelmsford in United Kingdom today....
Business Report :Private sector credit growth declined further to 9.75% in August in Bangladesh amid liquidity crisis, reduced lending capacity of banks and persistent economic challenges. The growth in August was the lowest after that in October 2021 when it was at 9.44%. As per Bangladesh Bank data, private sector credit growth reached to the current level from 9.82% in July and that of 10.57% in June. In August, banks disbursed Tk1,495,000 crore to the private sector. According to the...
Staff Reporter :Moscow cautioned against potential US discontent with the outcome of the vote, expressing concerns over potential efforts to destabilise Bangladesh akin to the “Arab Spring,” while Dhaka seeks to avoid being entangled in superpower tensions. Russian Foreign Ministry spokeswoman Maria Zakharova in a statement on Friday said, “There are serious reasons to fear that in the coming weeks, an even broader arsenal of pressure tactics, including sanctions, may be used against the Bangladesh government, which is unfavourable to...
Al Jazeera :Kenyan police have recovered 58 bodies, mostly from mass graves in a forest in eastern Kenya, thought to...
Agency :Sri Lanka’s Sports Minister Roshan Ranasinghe sacked the national cricket board on Monday, days after a humiliating defeat by...