Watching the World: Bangladesh in a pinch

09/05/2005
Poverty-stricken Bangladesh is seeking new sources of oil and gas as it considers moving to a 5-day work week and raising fuel prices to reduce energy demand.The nation of 140 million people currently has a 6-day work week, but Finance Minister M. Saifur Rahman said this may have to be cut by a day to reduce energy consumption.“I am personally in favor of cutting working days,” he said. That’s a move likely to please voters in the country’s forthcoming elections.In a statement that will be less popular, Rahman also said the country may have to raise fuel prices to deter consumption since the state-owned oil import agency, Bangladesh Petroleum Corp., had to borrow m...
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