Rancon and Montrims Ink Deal for Rooftop Solar Plan

The government has decided to review contracts signed under the Quick Enhancement of Electricity and Energy Supply (Special Provision) Act 2010, commonly known as the indemnity act, which allowed public contracts to be awarded without tenders and shielded government actions in the energy sector from judicial scrutiny.

The Advisers Council Committee on Economic Affairs approved, in principle, a proposal for emergency LNG procurement from the spot market to address the country's gas demand. The LNG will be sourced from 23 firms under Master Sale Purchase Agreements with Petrobangla, following Public Procurement Rules, 2008.

Bangladesh's apparel exports to the US saw a 10.27% decline, totaling $4.09 billion during January-July 2024, down from $4.56 billion the previous year. Export volume also fell by 4.55%. Meanwhile, competitors like China and Vietnam outperformed Bangladesh, despite their own declines.

Linde Bangladesh Ltd has declared a 4,100% cash dividend, the highest since its Dhaka Stock Exchange (DSE) listing. This follows a dramatic 4,596.5% increase in profit to Tk 631.68 crore as of July 31, 2024, compared to Tk 13.45 crore the previous year. The earnings per share (EPS) soared to Tk 415.08 from Tk 8.84, mainly due to a capital gain from selling shares of its subsidiary, Linde Industries Pvt Ltd. Net operating cash flow per share (NOCFPS) also rose to Tk 13.19 from Tk 8.38. Linde's share price jumped 17.83% to Tk 1,547.30 after the dividend announcement.

Bangladesh's interim government will import liquefied natural gas (LNG) from the spot market following the Public Procurement Rules 2008, marking a first for the country. The advisory committee on economic affairs approved this new process and the import of LNG from 23 enlisted companies with Master Sale and Purchase Agreements (MSPAs) with Petrobangla.

The Adviser for the Ministry of Textiles and Jute has encouraged Pakistani investors to invest in Bangladesh’s textile and jute sectors, including the revival of closed state-owned mills. During a meeting with the Pakistani High Commissioner, the Adviser emphasized investment opportunities in these industries. The Pakistani diplomat expressed interest and invited Bangladesh to participate in Pakistan's Textile Expo in October. The