Economy
Salman F Rahman Inaugurates BYD’s First Showroom, Supports Govt’s EV Vision
Salman F Rahman, the Private Industries and Investment Adviser to the Prime Minister, expressed the government’s ambition to achieve a 30% adoption rate of electric vehicles (EVs) in the country by 2030 and realize the Smart Bangladesh vision by 2041. During the inauguration of BYD’s first showroom in Bangladesh, he welcomed the move, emphasizing the importance of making EVs accessible to enable people to make informed choices.
Global EV giant BYD officially launched its first showroom in Bangladesh, facilitating easier access for environmentally conscious individuals to experience electric vehicles and contribute to sustainable living.
The Bangladesh government envisions phasing out traditional fossil fuel-powered cars in favor of electric vehicles to address carbon emissions. However, the adoption of electric vehicles is still in its early stages due to a lack of EV availability in the domestic market.
The opening of BYD’s showroom in the domestic market is a significant step that is expected to boost the adoption of EVs in the country.
CG Runner BD Ltd has taken the initiative to introduce the global EV giant BYD to Bangladesh. The showroom, located in the Tejgaon industrial area in Dhaka, covers 8,400 square feet and can accommodate up to 5 cars at a time.
Initially, the flagship model, BYD Seal (sedan), will be available for sale at the showroom, featuring two variants – Premium Variant with an extended mileage of 570 km (Rear Drive) and Performance Variant with a mileage of 520 km AWD (All-Wheel Drive).
The BYD SEAL showcases a distinctive “Ocean Aesthetics” design, incorporating advanced technologies such as BYD’s e-platform 3.0, innovative CTB (Cell-to-Body) technology, Blade Battery, and iTAC (intelligent Torture Adaptation Control). The model boasts a slanted roofline, panoramic glass roof, short rear deck, waterdrop mirrors, wave waistline, and LED lights.
Customers can experience the cars in the showroom, which will also house two charging stations (AC and DC) for the convenience of BYD car owners.
CG Runner BD LTD plans to open more showrooms and service centers in the near future to expedite the adoption of EVs in Bangladesh.
Chief Adviser Prof Muhammad Yunus on Thursday paid tribute to the Armed Forces Division by placing a floral wreath at its headquarters.
Prof Yunus, who visited the division as part of his official duties, laid the wreath to honor the sacrifices and dedication of the members of the Armed Forces.
Following the wreath-laying ceremony, he signed the visitor’s book.
Chief Election Commissioner (CEC) Kazi Habibul Awal, along with four other election commissioners, announced their resignation during a press conference today at the Election Commission (EC) building. The resignation follows growing speculation and pressure.
CEC Awal stated, “In this changed situation, I and other commissioners have decided to step down. We’re handing over our resignation letters to the EC Secretary to send it to the President.” After submitting the letters, the CEC and some commissioners quickly left the premises, with no clear explanation for the absence of two election commissioners.
The resignations come amid increasing unrest tied to the registration of political parties such as Nagarik Oikya and Gono Odhikar Parishad. Sources revealed the CEC felt unsafe due to aggressive behavior from activists, prompting the decision to step down.
Protesters outside the EC building hurled shoes at vehicles carrying Election Commissioners Rashida Sultana, Md Alamgir, and Anisur Rahman as they left. Meanwhile, preparations for their exit had already been underway, with the commissioners reportedly relocating personal belongings from their offices.
The commission, appointed in February 2022 for a five-year term, had previously expressed confusion over demands for their resignation, maintaining they had conducted fair elections. However, internal discussions led to the collective decision to resign earlier than expected.
The government will now purchase LNG from the international spot market through open tender instead of negotiation.
Cabinet Committee on Economic Affairs (CCEA) in a meeting on Wednesday in principle approved a proposal in this regard.
Adviser of the interim government for Finance Dr. Salehuddin Ahmed, who presided over the meeting, said that the government will procure LNG through open tender.
The Energy and Mineral Division of the Ministry of Power, Energy and Mineral Resources placed the proposal where it sought approval to import LNG from 23 listed companies in the international spot market.
The adviser said that though such 23 companies were enlisted by the previous Awami League government and signed Master Sales and Purchase Agreement, they will remain unchanged.
He said that instead of applying the Speedy Increase of Energy and Power Supply (Special) Act 2010, the interim government will follow the Public Procurement Rules 2008 to ensure the competitive bidding process.
“We don’t want to change them as we wanted to import LNG quickly, ensuring proper competition among the suppliers,” he told reporters.
Committee also approved another proposal in principle to sign a contract to import urea fertiliser for the 2024-25 fiscal year from Fertiglobe Distribution Limited, UAE, on a G-to-G basis.
Meanwhile, the Cabinet Committee on Government Procurement (CCGP) in a meeting, presided over by the Adviser for Finance, approved 3 proposals for import of lentil and fertiliser.
As per the proposal, the Trading Corporation of Bangladesh will procure 10,000 metric tons (MT) of lentil from local firm Sahara Enterprise at a cost of Tk 98.20 crore with each kg priced at Tk 98.20.
The Commerce Ministry which moved the proposal on behalf of the TCB in the meeting mentioned in the proposal that the supplier firm was selected through open tender.
The CCGP approved two separate proposals of the Industries Ministry under which Bangladesh Chemical Industries Corporation will import 30,000 MT of bulk granular urea fertiliser from Fertiglobe Distribution Limited, UAE, under state to state contract at a cost of Tk 121.48 crore.
Each metric ton of fertiliser will cost $343.17.
Another 30,000 MT of bagged granular urea fertiliser will be procured from the local Karnaphuli Fertilizer Company Limited (Kafco) at a cost of Tk 116.99 crore with each metric ton costing $330.50.
