Total power industry M&A deals in Q2 2020 worth $1.56bn were announced in the UK, according to GlobalData’s deals database. The value marked an increase of 445.5% over the previous quarter and a rise of 34.7% when compared with the last four-quarter average of $1.16bn. The UK held a 9.9%…
The target of Bangladesh Auto Industries Ltd (BAIL) to market the country's first locally manufactured electric vehicles will be delayed by up to one year as the ongoing coronavirus pandemic has halted development work of its factory. "We missed the target as the suppliers could not ship the required equipment…
Foreign Minister Dr AK Abdul Momen recently called upon all to engage youths in climate adaptation issues globally saying they are the future. "We have to engage youth power. We have to engage them everywhere," he said at the inaugural session of first ever virtual climate summit, Climate: Red. The…
A global virtual condolence meeting was organised on 5 September, 2020 in remembrance of late Mir Moinul Huq (Masud), an eminent geologist of Bangladesh. The meeting was participated by more than a hundred geoscientists, engineers, former colleagues, friends and family members. Participants connected online from Australia, Japan, USA, Canada and…
The employees of Siemens Bangladesh Limited have donated their one-day salary to support people facing the Covid-19 crisis as a gesture of solidarity with the underprivileged segment of the society. Siemens Bangladesh Limited handed over the donation cheque to Mr. Jakir Hossain FCCA, ACA, the Chief Financial Officer of Bidyanondo…
Renewable energy is driving a new generation of mining that could threaten global biodiversity if left unchecked, researchers warned recently, as the imperative to find alternatives to fossil fuels ignites demand for metals and minerals used in green technologies. The Earth’s species are facing grave, interlaced threats from climate change…
Germany recently launched its first “green” bond offering to finance environmental initiatives as it pivots towards a sustainable economy, and could become a benchmark issuer in the booming field. The government raised 6.5 billion euros ($7.7 billion), in the offering for the 10-year 0% bond, with investors placing orders of…
State-run Petrobangla inked a deal with Hong Kong and Shanghai Banking Corporation Limited, or HSBC, recently to ensure payment of bills for imported LNG, or liquefied natural gas, in due time. The deal with the HSBC is titled 'Clean Import Loan, or CIL, in United States Dollar, or USD.' Petrobangla…
Foreign Minister Dr AK Abdul Momen recently said the South Asian Regional Center of Global Center on Adaptation (GCA) in Dhaka will be a milestone for international partnership. He said after the devastation of the COVID-19 pandemic, they will build back their climate resilience much better by making transition to…
The High Court has directed the Bangladesh Energy Regulatory Commission (BERC) to take steps to prevent sellers from increasing the price of liquefied petroleum gas (LPG). An HC bench comprising Justice Obaidul Hassan and Justice AKM Zahirul Huq passed the order recently. At the same time, the court also directed…