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Bangladesh introduces 10-year tax exemption for renewable energy projects

Special Bangladesh introduces 10-year tax exemption for renewable energy projects
Workers from the Dhaka Electric Supply Company Limited repair an electrical transformer in Dhaka on June 13, 2021. (AFP)
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Updated 02 November 2024

Bangladesh introduces 10-year tax exemption for renewable energy projects

Bangladesh introduces 10-year tax exemption for renewable energy projects
  • Policy grants 100 percent tax exemption for renewable energy plants in first 5 years
  • Bangladesh’s renewable energy output is among the lowest in the world

DHAKA: Bangladesh is introducing a 10-year tax exemption package for renewable energy production — a move expected to help boost clean electricity generation, which is still hampered by high production costs.

The National Board of Revenue issued a notification earlier this week for projects that will begin commercial operations by mid-2030.

The policy grants 100 percent tax exemption for renewable energy plants in the first five years, 50 percent in the next three years, and 25 percent in the following two years.

“Companies whose commercial production will start between July 1, 2025 and June 30, 2030, are exempted from the tax,” NBR chairman Abdur Rahman Khan said in a statement specifying the waivers.

The policy backtracks on the previous government’s 2023 decision to withdraw full tax exemptions for the renewable energy sector, which discouraged local and foreign investors.

“It’s a very timely and good initiative ... it will create confidence among the investors,” Dr. S.M. Nasif Shams, director of the Institute of Energy at Dhaka University and secretary of the Bangladesh Solar Energy Society, told Arab News.

“It’s a good sign that within such a short span of time this interim government came up with this decision for boosting the renewable energy sector. It also complies with Prof. Yunus’ ‘three zero’ concept which he promotes around the world.”

Bangladesh’s caretaker government took office in August when ex-Prime Minister Sheikh Hasina quit and fled the country amid violent protests.

It is headed by Muhammad Yunus, Nobel Peace Prize laureate and economics professor who invented microcredit, who has been advocating work toward a world of zero poverty, zero unemployment and zero carbon emissions.

While Bangladesh aims to achieve its net-zero emissions goal by 2050, currently its clean electricity generation capacity is 1.38 GW or only about 5 percent of the total, which comes mostly from fossil fuels — mainly natural gas.

The country has been struggling for years with energy crises as demand grows about 7 percent a year amid increasing household and industry use, increasing Bangladesh’s dependence on imports as local production is insufficient, with the renewable energy output being among the lowest in the world.

Attracting investors with tax waivers could help with the high costs of building clean energy plants — currently one of the main obstacles to developing the renewable sector in the country.

“This decision will help the country’s economy a lot, as well as it will save the environment in a sustainable way,” Shams said.

“We have to go for renewable energy ... There is no alternative for us.”


Indian travel agents record surge in outbound tourism to Middle East

Indian travel agents record surge in outbound tourism to Middle East
Updated 1 min 10 sec ago

Indian travel agents record surge in outbound tourism to Middle East

Indian travel agents record surge in outbound tourism to Middle East
  • There has been an increase of at least 30% in trips to Middle East from Indian city of Ahmedabad alone, agent says
  • Indian travelers are drawn to ‘less explored’ Middle East region, which is increasingly becoming top choice

NEW DELHI: An increasing number of Indian travelers are visiting the Middle East this year, tour operators said on Tuesday after recording a significant surge to the region during the Diwali holiday season.

The Middle East has become an increasingly popular foreign destination for many Indian travelers, with Ƶ and the UAE often cited as the top two countries in demand.

As the festive Diwali season and the long holidays that came with it concluded earlier this month, tourism players in India say there was a notable increase in trips to Arab countries.

“In this festival season, there was a huge demand,” Jyoti Mayal, president of the Travel Agents Association of India, told Arab News on travel from India to the UAE, citing Ƶ and Qatar as particularly popular destinations.

“These countries in the Middle East are less explored and that’s why more and more people are traveling (to them).”

Travelers from the western Indian state of Gujarat were drawn to new and affordable packages offered to Gulf destinations like Dubai, said tour agent Manish Sharma.

“From Ahmedabad, I can say that compared to the past, there has been an increase of 30 to 35 percent in the outbound travels to the Middle East this time,” Sharma, who runs his business in the Gujarati capital, told Arab News.

Their top choices were UAE cities such as Abu Dhabi, Sharjah and Dubai, he added.

“The reasons for the growth are manifold — it’s cheap, easy connectivity, it’s near, you get good food,” he added.

Members of the Gujarati middle class “take at least one or two vacations every year,” he said. “During Diwali and summer vacation, they prefer to go to Dubai.”

Many Indians appear to be taking advantage of the increasing number of direct flights to the UAE. There are at least 14 daily flights to Dubai from Ahmedabad alone.

“There has been an increase in Dubai travel in the last 10 years, (and) in the last three years tourism has grown greatly. But this year, tourism to UAE has gone phenomenally and the reason is the increase in the number of flights,” Sharma said.


Russian doctor jailed for 5-1/2 years after being public denounced

Russian doctor jailed for 5-1/2 years after being public denounced
Updated 4 min 53 sec ago

Russian doctor jailed for 5-1/2 years after being public denounced

Russian doctor jailed for 5-1/2 years after being public denounced
  • Prosecutors had last week asked for a six-year sentence for Nadezhda Buyanova for spreading “fakes” about the Russian army
  • Eva Levenberg, a lawyer for the rights group, told Reuters a further 175 people had faced lower-level administrative cases for “discrediting” the Russian army

MOSCOW: A Russian court sentenced a Moscow paediatrician to 5-1/2 years in a penal colony on Tuesday, Russian media said, after the mother of one of her patients publicly denounced her over comments about Russian soldiers in Ukraine.
Prosecutors had last week asked for a six-year sentence for Nadezhda Buyanova for spreading “fakes” about the Russian army after the mother recorded a video in which she denounced the 68-year-old doctor over remarks that Buyanova has denied making.
Over 1,000 people have been criminally prosecuted in Russia for speaking out against the war, according to rights project OVD-Info, and over 20,000 have been detained for protesting.
Buyanova’s case is part of a trend in which more people in Russia are denouncing others for alleged political crimes. OVD-Info has recorded 21 such criminal prosecutions since the conflict in Ukraine began in February 2022.
Eva Levenberg, a lawyer for the rights group, told Reuters a further 175 people had faced lower-level administrative cases for “discrediting” the Russian army as a consequence of people informing on them, and 79 of these had been fined.
Reuters has requested comment from the Russian Justice Ministry about the OVD-Info data and the use of denunciations to support prosecutions, including Buyanova’s.
Her supporters, some wearing T-shirts with her face printed on, packed the courtroom to hear the sentencing.
“I can’t get my head around it,” Buyanova, her grey hair closely cropped, told reporters before the verdict.
As Judge Olga Fedina pronounced her guilty, the courtroom erupted in protest. Several cried “Shame!,” Russian media said.
“The sentence is monstrously cruel,” Buyanova’s lawyer, Oscar Cherdzhiev, was quoted as saying by news outlet Mediazona.

VIDEO COMPLAINT
The case against Buyanova was launched in February by the head of Russia’s Investigative Committee, which handles serious crimes.
It was prompted by a complaint by Anastasia Akinshina, who had taken her seven-year-old son to see Buyanova at her clinic. The boy’s father, from whom Akinshina was divorced, had been killed fighting for Russia in Ukraine.
Akinshina recorded a video in which she said Buyanova had referred to her child’s father as a “legitimate target of Ukraine.”
The video was posted by Mash, a Telegram channel with over 3 million subscribers that is close to Russian security services.
Buyanova, who denied making the statement, was placed in pre-trial detention in April.
A group of Russian doctors wrote an open letter in Buyanova’s defense, calling the denunciation a “disgrace.” A petition for her release has garnered over 6,000 signatures.


Europe has ‘avoided bearing burden of its own security’: Macron

Europe has ‘avoided bearing burden of its own security’: Macron
Updated 31 min 7 sec ago

Europe has ‘avoided bearing burden of its own security’: Macron

Europe has ‘avoided bearing burden of its own security’: Macron
  • Macron said he was “delighted” that other nations were falling in line with his longstanding call to collectively invest more in defense
  • “It’s the agenda of European strategic autonomy that will allow us to have more money, to build capacity and autonomy for the Europeans“

PARIS: French President Emmanuel Macron on Tuesday renewed his calls for Europe to assume more responsibility for its own defense, saying it had for “too long avoided bearing the burden of its own security.”
Speaking alongside NATO chief Mark Rutte, who was visiting Paris in the wake of Donald Trump’s reelection as US President, Macron said he was “delighted” that other nations were falling in line with his longstanding call to collectively invest more in defense.
“It’s the agenda of European strategic autonomy that will allow us to have more money, to build capacity and autonomy for the Europeans, and an ability to cooperate with our non-European allies as part of the alliance,” Macron said.
Trump has questioned Washington’s commitment to defend NATO allies and spoken of slashing support to Ukraine or striking a deal with Russia to end its years-long invasion.
His return to the White House is a renewed spur to Europeans — long used to conventional and nuclear protection from the US military — to reexamine their own defense.
“Nothing should be decided about Ukraine without the Ukrainians, nor about Europe without the Europeans,” Macron said, adding that “building up homegrown military capacity would be “a long-term effort.”
He joined Rutte in calling North Korean troops’ appearance alongside Russian soldiers “a serious escalation” in the Ukraine conflict that widened the threat to the Pacific, increasingly the Americans’ priority theater.
“Russia, working together with North Korea, Iran and China, is not only threatening Europe, it threatens peace and security, yes here in Europe, but also in the Indo-Pacific and North America,” Rutte said.
“We must stand together — Europe, North America and our global partners... We have to keep our trans-atlantic alliance strong,” he added.
Rutte pointed to backing Russia has received from Iran, North Korea and China.
“We must do more than just keep Ukraine in the fight. We need to raise the cost for (Russian President Vladimir) Putin and his enabling and authoritarian friends by providing Ukraine with the support it needs to change the trajectory of the conflict,” he told reporters.


Dumaliang sisters continue fight for Philippines’ biodiversity haven despite constant threats

Dumaliang sisters continue fight for Philippines’ biodiversity haven despite constant threats
Updated 12 November 2024

Dumaliang sisters continue fight for Philippines’ biodiversity haven despite constant threats

Dumaliang sisters continue fight for Philippines’ biodiversity haven despite constant threats
  • Ann and Billie Dumaliang were featured in TIME Magazine’s Next Generation Leaders last month
  • In 2024, Philippines was named deadliest country in Asia for environmental defenders for 11th year in a row

MANILA: On the outskirts of Manila, a 2,600-hectare nature reserve has been lauded by top climate activists and film stars after it gained international recognition for one of the largest collaborative reforestation efforts in the Philippines.

Behind the rescue of over 2,000 hectares of that land is sisters Ann and Billie Dumaliang. They have been at the forefront of conserving the biodiversity-rich Masungi Georeserve and nurturing it as a geotourism site, which is home to lush rainforests, 60-million-year-old limestone formations and over 400 species of flora and fauna.

They have become the faces of conservation in the Philippines, a country named in 2024 as the deadliest in Asia for environmental defenders — for the 11th year in a row — with the killings of 17 activists.

The Dumaliang sisters and the nearly 100 rangers at the reserve are no stranger to the deluge of threats that come with their work, which range from physical to legal, and include disinformation and harassment campaigns.

Over the years, rangers at the reserve have been shot at by intruders and were the targets of booby traps and improvised explosives set across the landscape.

But the dangers that come with their conservation efforts have not deterred them from the mission to protect Masungi.

“We’re a small group and a team of young people. All of these groups that we’re up against have unlimited resources … how do we compete with these very powerful and well-resourced interests?” Billie, 31, told Arab News.

The sisters were among the trailblazers featured in TIME Magazine’s Next Generation Leaders last month, recognized for their work protecting Masungi from illegal loggers, land grabbers and quarrying companies.

Billie says TIME’s “empowering” recognition was a “symbol” that the international community has been paying attention to their team’s work and the challenges they face.

“A lot of times when you don’t have enough support at home, if your organization is repressed or harassed, sometimes it’s really the international community that provides the much-needed support,” Billie said.

The Dumaliang sisters help manage the Masungi Georeserve Foundation, which they founded in 2015 to lead and strengthen conservation efforts that began in the 1990s.

Through a private conservation model and a highly controlled geotourism program, Masungi has shot to fame as a showcase for sustainable reforestation.

Their work has also garnered support from prominent figures, including climate activist Greta Thunberg and Hollywood superstar Leonardo DiCaprio.

Despite the real dangers they face every day, some of Ann and Billie’s earliest memories were attached to the reserve — experiences that keep them passionate about their work today.

As children, they would visit Masungi with their father, a civil engineer and conservationist, as he worked on development, and later, conservation efforts.

“Instead of taking us to the mall on weekends, our dad would take us to these nature areas where he had projects,” Billie said.

The reserve was a regular destination for the Dumaliangs, back when it was still heavily barren — initially to give way to government housing projects that had eventually fallen through.

“The appreciation that we have for the outdoors, for the natural world came from seeing Masungi evolve from a place that was like that to the lush forest that it is now,” Ann, 33, said.

“The motivation for me and for Billie is really just to make sure that that stays and that it continues to exist past our time.”

Their foundation’s approach to conservation follows assisted natural regeneration, which allows these areas to naturally restore their ecosystems and regenerate through mitigating and preventing disruption.

This means the bulk of their work was focused on preventing encroachments on the area and securing the expansive reserve’s boundaries, with rangers guarding the area from intruders and deterring illegal activities such as logging and quarrying.

“They said in the early nineties, all that you could hear was the sound of chainsaws in the area. Today, it’s birds and different types of animals and the wind and the leaves. So, what it looks like now is a jungle and a thriving ecosystem,” Billie said.

“It took more than 20 years for that whole ecosystem to come back, and it started when we were able to make sure that we could manage disturbances to the landscape,” she added. “So we let nature do its thing, regenerate, reheal, and we assist through mitigating the threats.”

For Ann, the recent TIME feature was an encouragement not only for their team, but for the “frontliners of this work” in the Philippines and around the world, whose safety is often at risk for simply protecting the environment.

“These are constant harassments faced by the people who learn to love their land the most. And more often than not, they’re poorly heard, yet they’re the ones who are threatened the most.”


German teen held over suspected Islamist attack plot

German teen held over suspected Islamist attack plot
Updated 12 November 2024

German teen held over suspected Islamist attack plot

German teen held over suspected Islamist attack plot
  • The Bild daily reported that the suspect had planned to attack a Christmas market with a truck.

Berlin: German prosecutors on Tuesday said that a 17-year-old had been arrested for plotting an Islamist terror attack, with media reports saying he wanted to target a Christmas market.
He is suspected of “preparing a serious violent attack” and “conspiracy to commit murder,” and had “extreme Islamist views,” said the prosecutors in the northern state of Schleswig-Holstein.
The suspect is a German national and was arrested on Wednesday last week in the town of Elmshorn, they said.
The Bild daily reported that the suspect had planned to attack a Christmas market with a truck.
In December 2016 a truck rampage at a Berlin Christmas market killed 12 people, the deadliest jihadist attack ever committed in Germany.
Alongside several other countries, Germany has been on high alert for Islamist attacks since Hamas’s October 7, 2023 assault on Israel sparked the devastating war in the Gaza Strip.
Authorities say they have foiled several planned attacks.
However, three people were killed and eight wounded in a knife attack at a street festival in the western city of Solingen in August, allegedly carried out by a Syrian asylum seeker and claimed by the Daesh group.
In June, another knife attack killed a policeman in the town of Mannheim, with an Afghan national the prime suspect.