Rising oil, food prices pose serious challenge: ASEAN

ET Report
Rising oil and food prices pose a serious challenge to the social and economic welfare of Southeast Asia, the region’s foreign ministers said at annual talks last week. The ministers from the 10-member Association of Southeast Asian Nations (ASEAN) encouraged all countries to do away with export subsidies and other protectionist policies which they [...]

Things have begun to hange, indeed

-ET Report
 
Things have apparently begun to change on the sky of Bangladesh. Things have shown initial signs of changes both in the economic as well as political fronts Economically, things have begun to look up slowly but steadily. There are good news from the export front of the country. Export earnings have begun to show [...]

Grid expansion works of REB face stoppage

 
ET Report
The government has taken a decision not to approve any grid expansion work of Rural Electrification Board (REB) for an indefinite period, except renewable projects, which is contradictory to the government plan to provide electricity to all by 2020.
Dr.M. Tamim, special assistant to the chief adviser, made this statement at a review meeting [...]

Gas and electricity shortages to rise in near future

-ET Report
Bangladesh faces shortages of 250 million cubic feet of gas and up to 1,500 MW electricity everyday and the gap between demand and supply is rising.
M. Tamim, special assistant to the chief adviser in charge of energy and mineral resources, said more areas will go without electricity across Bangladesh as the authorities have begun [...]

Energy ministry to award nine offshore gas blocks to IOCs

By Abir Mahmud

 
 

The energy ministry will award nine offshore gas blocks to the international oil companies (IOCs) for oil and gas explorations in the Bay of Bengal despite raising of objections by neighboring India and Myanmar.
“We will award our offshore gas blocks to the IOCs that will come out successful on completion of evaluation,” special [...]

Oil’s Futures…And Beyond

 

 

Jeroen van der Veer , CEO, Shell

Citizens and governments around the world are contending with high oil prices – and the need to reduce greenhouse gas emissions. In this Globalist Interview, Shell CEO Jeroen van der Veer examines the challenges at hand and explores how his company is planning to meet the world’s future energy [...]

Proposal for tax waiver to salvage Petrobangla

 

R Akter
The Energy and Mineral Resources Ministry requested the government to waive the provision of Tax on Tax (ToT) to salvage Petrobangla that has been reeling under financial constraints due to a gap between procurement and selling rate of fuel.
The ministry made the request to resolve the long-standing dispute with Chevron on payment of ToT. [...]

Moving from energy-inefficient to energy-efficient

Moving from energy-inefficient to energy-efficient

 

ET Report
The chief adviser, Fakhruddin Ahmed, asked the officials to work out how much gas each industrial area consumes and how much the businesspeople would benefit from the plan before they are consulted on gas rationing issue. He directed energy officials to discuss with the businesspeople and power officials the [...]

Volatile world oil market Bangladesh perspective

ET Report

The alarming upward trend of oil price continues unabated. The sustained skyrocketing oil price has already triggered the global energy security. It has also impacted indirectly the food security. Not to speak of developing and under developed countries, the economy of the richest and strongest country of the world USA is also experiencing unprecedented [...]

Tamim depends on owners’ generosity

 

ET Report
The chief adviser’s special assistant M Tamim hoped bus owners and businesspeople would show a rational attitude and would not go for windfall profit cashing in on fuel price increase. He said, we urge bus owners and businesspeople to show sympathy to common people. They have the main responsibility now. They should not go [...]