The government has decided to buy two cargoes of liquefied natural gas (LNG) from two companies in Singapore. Among these, one cargo of LNG will be purchased from Singapore’s Vital Asia Pvt Ltd and one cargo from Gunvar Pvt Ltd. The total cost will be 933 crore 94 lakh 6 thousand 876 taka.
The Cabinet Committee on Public Procurement has approved the import of this LNG. On Thursday (April 25) in the conference room of the Cabinet Division in the Secretariat, the Cabinet Committee meeting on Government Procurement was held under the chairmanship of Law Minister Anisul Haque.
At the end of the meeting, the Secretary of Coordination and Reform of the Cabinet Department. Mahmudul Hossain Khan said that the expectation of LNG import from the spot market has been approved under the Increase in Rapid Supply of Electricity and Energy (Special Provisions) (Amendment) Act-2021.
Following a proposal from the Department of Energy and Mineral Resources, approval has been given to import one cargo of LNG from Singapore’s Gunavar Private Limited. 469 crore 78 lakh 11 thousand 518 rupees will be spent on import of 33 lakh 60 thousand mmbtu of LNG at 10.8637 USD per mmbtu. The previous purchase price per MMBTU was $9.4965.
Following another proposal by the Department of Energy and Mineral Resources, approval has been given to import one cargo of LNG from Singapore’s Vital Asia Private Limited. The total cost of importing 33 lakh 60 thousand MMBTU of LNG will be Tk 464 crore 15 lakh 95 thousand 358 at USD 10.7337 per MMBTU. The previous purchase price per MMBTU was $9.6800.
Earlier, on April 3, Finance Minister Abul Hasan Mahmud Ali chaired the meeting of the Cabinet Committee on Public Procurement, which approved the purchase of three cargoes of LNG from Singapore and Switzerland.
In that meeting, in view of the proposal of the Department of Energy and Mineral Resources, the expenditure of Tk 410 crore 65 lakh 90 thousand 488 was approved for importing a total of 33 lakh 60 thousand MMBTU of LNG from Singapore’s Ganvar Private Limited at 9.4965 USD per MMBTU.
In view of another proposal of the Department of Energy and Mineral Resources, a total expenditure of Tk 418 crore 59 lakh 41 thousand 760 was approved to import one cargo of LNG from Singapore’s Vital Asia Pvt. Ltd. at USD 9.6800 per MMBTU.
In addition, approval was given to import one cargo of LNG from Switzerland’s Total Engineering Gas and Power Limited at a cost of 427 crore 67 lakh 52 thousand 480 taka. In this case, the price per MMBTU is assumed to be USD 9.89.
MAS/MRM/GKS
https://www.worldysnews.com/the-government-will-buy-2-cargoes-of-lng-from-singapore-2024-04-25-224312/
Elon Musk Regains Top Spot as Richest Tech Billionaire Amid Meta Stock Decline
Elon Musk Surpasses Mark Zuckerberg in Wealth
Mark Zuckerberg experienced a significant decline in his wealth, losing $18 billion as the shares of Meta Platforms Inc. plummeted. This decline allowed Elon Musk, the CEO of Tesla Inc., to solidify his position as the world’s third-richest billionaire.
Meta Platforms Inc. Stock Plunge
On Thursday, Meta shares dropped by 11% in New York following the announcement that second-quarter sales were expected to fall below initial estimates. This sharp decline in stock value resulted in Zuckerberg’s net worth decreasing to $157 billion, marking it as the 11th largest drop in wealth related to a stock movement in the Bloomberg Billionaires Index.
Elon Musk’s Wealth Increase
Meanwhile, Elon Musk, aged 52, saw an increase of $5.8 billion in his wealth, bringing his total net worth to $184 billion. This increase was attributed to the continued rise in Tesla stock prices after a successful earnings report.
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Elon Musk Regains Top Spot as Richest Tech Billionaire Amid Meta Stock Decline
US Treasury Secretary Janet Yellen Expects Economic Growth Rebound Despite First Quarter Slowdown
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US Treasury Secretary Janet Yellen said on the 25th that the US economic growth rate in the first quarter fell to its lowest level in almost two years, but could be revised upwards. Photograph taken in February (2024 Reuters / Carla Carniel)
WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that the U.S. economic growth rate fell to its lowest level in nearly two years in the first quarter, but that it could be revised upwards. He also said that inflation would fall to more normal levels.
The preliminary gross domestic product (GDP) for the first quarter of 2024, published by the US Department of Commerce on the 25th, was an annual increase of 1.6% compared to the previous quarter. Growth slowed significantly from the 3.4% increase in the previous quarter, and was the slowest for almost two years. See more
In response, Yellen said in an interview with Reuters that GDP growth fell short of the 2.4% growth expected by the market, but said, “The reasons for this are extraordinary and do not indicate underlying strength.” ” he emphasized.
He added, “The US economy continues to perform very well,” adding, “What I’m most focused on is the strength of personal consumption and investment spending,” So it’s an indication of the underlying strength of the economy. the US, that it remains strong and that the economy is firing on all cylinders.”
The core personal consumption expenditure (PCE) index, which excludes food and energy, which the Fed focuses on as a price indicator, rose 3.7%, an acceleration from the 2.0% increase in the previous quarter, but Yellen said the inflation rate He said he did not see this as a sign that other areas of the economy, particularly the labor market, needed to soften in order to return to the 2% target. “Current fundamentals are consistent with inflation continuing to return to normal levels,” he said.
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US Treasury Secretary Janet Yellen Expects Economic Growth Rebound Despite First Quarter Slowdown