Govt okays LNG purchase at lower cost
The government yesterday approved a proposal to buy 33.60 lakh Metric Million British thermal units (Btus) of liquefied natural gas (LNG) for $35 per unit, which is cheaper than what it cost just a week ago thanks to a downward trend in global prices. As per the proposal approved by the cabinet committee on purchase, Petrobangla, a corporation of the energy and mineral resources division, will buy the LNG for a total of Tk 1,186.70 crore from Singapore based M/S Vitol Asia Pte Ltd. While addressing a press conference after the meeting, Zillur Rahman Chowdhury, additional secretary of the cabinet division, said the fuel cost more than $36.70 per MMBtu when the government approved a separate proposal to buy the same amount of LNG from Vitol Asia on March 23. The price was previously fixed at $29 per MMBtu just before Russia began its invasion of Ukraine, he added while hoping that LNG prices would return to such levels if the conflict ends soon. Bangladesh had given a loan of $250 million to the island nation through a currency swap last year.
PM offers land to KSA in economic zones
Prime Minister Sheikh Hasina has offered the Kingdom of Saudi Arabia land in the special economic zones as the oil-rich Middle-Eastern country has expressed its keenness to make investment in the Bangladesh’s renewable energy sector. The prime minister also extended support to Saudi Arabia in holding the Expo-2030 as the envoy sought Bangladesh’s support to their candidacy to this end.
Banking hours cut for Ramadan
Banks in Bangladesh will remain open from 9:30am to 4:00pm every working day during the month of Ramadan, which may begin on April 3 according to the Bangladesh Islamic Foundation. People will be allowed to conduct banking transactions from 9:30am to 2:30pm, as per a circular issued by Bangladesh Bank yesterday. The banking regulator said office and banking hours would return to their earlier timetable after Ramadan ends.
‘Hello Bima’ launched by MetLife Bangladesh
With a view to making insurance-related information more accessible, MetLife Bangladesh has launched the country’s first dedicated, toll-free insurance query hotline titled ‘Hello Bima’. Available to anyone with a telephone or mobile connection, Hello Bima will serve as a dedicated contact centre for callers to ask questions about insurance and its benefits. Hello Bima hotline can be accessed by dialling toll-free number 08000016344 from 9:00am to 6:00pm, Sunday to Thursday.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|↓ 65.38||↓ 0.19 %|
|FTSE100||$ 7,578.75||↑ 41.50||↑ 0.55 %|
|Nikkei 225||$ 27,879.91||↓ 147.34||↓ 0.53 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 101.69||↓ 6.13||↓ 5.69 %|
|Crude Oil (Brent)||$ 108.30||↓ 5.15||↓ 4.54 %|
|Gold Spot||$ 1,924.71||↓ 8.16||↓ 0.42 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 86.2000|
|GBP 1||BDT 112.8186|
|EUR 1||BDT 95.5872|
*World Commodities & Local and Global Stock Indices data are taken from bloomberg.com<
* Exchange Rates are taken from BB website, as on latest update.<