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Taka reaches near fair value, claims BB

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For years, exchange rate management kept the taka stronger than it should have been. At times, it was overvalued by 15 to 20 per cent, which distorted external balances, discouraged remittance inflows through formal channels,… 

Proposals for offshore wind farm take step forward

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Proposals for an offshore wind farm off the Manx coast have taken a step forward after a planning application for the project was officially accepted by the Council of Ministers. Energy firm Orsted was granted… 

Trade court affirms solar duties under Biden moratorium

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An international trade court has handed an unreserved victory to plaintiffs in a case that argued a two-year Biden-administration moratorium on collections of duties on imports of cells and modules from Southeast Asia was illegal, pv… 

Novel cement lets buildings cool themselves

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When temperatures get too hot to handle, most of us crank up the air conditioning to keep cool. It does the job, but it’s expensive and uses a significant amount of energy. But now an… 

Energypac exports $2.4m power equipment to Nepal

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Energypac Engineering Ltd, a power engineering company, has exported power transformers and auxiliary substation equipment valued at $2.4 million to Nepal. The company in a press release issued yesterday said it has already commissioned 25…