Power cuts may hamper new investment

The Bangladeshi government has taken the first action ever to determine the optimum method of purchasing coal and comprehend the management of the coal supply chain. The Bangladesh Power Development Board (BPDB) has recruited a consultant to examine previous coal power agreements and identify flaws in them in order to guard against similar flaws in future coal power agreements

The Rooppur nuclear power plant is delayed until the recent revision of one of its associated projects. The deadline for the Tk 3,440.1 crore project to construct the PPS has been extended by one year and nine months, it is possible that commissioning won't begin until far after 2025.

In order to cut losses and address subsidy pressure, the government will raise the price of power one more time. Since January of this year, there have been price increases for energy at the consumer level, with the first rise taking effect on that day. The price has risen in three stages by 15.71%, 19.92%, and 8.59%. Maybe revealed after Eid is an additional five percent hike.

The removal of unauthorized gas connections is routine for distribution firms. Yet this unlawful link also involves a group of dishonest gas distribution company employees. Nothing is done to stop them. Even if these lines are cut in one direction, it is claimed that they are rejoined in the opposite direction.

The top 10 traditional items continue to account for the majority of export revenues, and their contributions to overall exports are essentially stable, even though experts and the government are working on diversifying the readymade garment industry.
According to figures from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the top 10 clothing exports, which made up 68.38% of all RMG export revenues in 2021, brought in $24.49 billion for the nation. Nonetheless, BGMEA asserted that they had already started to reap the rewards of creating high-value goods. The sector can increase earnings from various products if the government keeps implementing supportive policies.

The Customs Intelligence and Investigation Directorate (CIID) has discovered that four garment exporters with offices in Dhaka used phony paperwork to launder Tk 382 crore. In 1,762 consignments between 2017 and February 2023, Asia Trade, Sabiha Saiki Fashion, Emu Trading Company, and Ilham sent ready-made clothing worth Tk 382 crore to a number of nations.