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Bangladesh opens door to private air cargo operators in logistics push
AI-generated 19/06/2026 In a move designed to tackle chronic congestion and delays in airfreight exports, Bangladesh will permit private cargo operator stations to be established near its international airports. The measure, announced by finance minister Amir Khosru Mahmud Chowdhury during the presentation of the national budget earlier this month, responds to long-standing demands from exporters,…
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India Orders Major Strategic Oil Reserve Expansion After Supply Crisis
India’s government has asked state-owned Oil and Natural Gas Corp (ONGC) to build and fill a new site for strategic petroleum reserves, with an estimated investment of $1.6 billion, local outlet the Economic Times reported on Friday, quoting sources with knowledge of the plans. The government is looking to boost India’s energy security in the…
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Philippines Seeks Long-Term Oil Supply Deal With Russia
The Philippines is looking to formalize a deal to buy oil from Russia on a more permanent basis amid the energy crisis and heightened geopolitical tensions, Philippines President Ferdinand R. Marcos Jr. has said. The Philippines has been one of the worst-hit Asian economies in the current oil supply crisis triggered by the Middle East…