Economic woes to linger
Bangladesh’s economy may continue to suffer under the Covid-19 pandemic throughout the current fiscal year due to vaccine shortages and the government’s incapability to enforce a strict lockdown, said a recently released Fitch Solutions report.
8 August 2021, 18:00 PM
Private investment hits a trough
Private investment in Bangladesh fell to its lowest level in 14 years in the last fiscal year owing to the lingering uncertainty caused by the coronavirus pandemic and continuing structural weaknesses.
7 August 2021, 18:00 PM
Export container backlog eases at ICDs
There has been a remarkable decline in the number of export-laden containers that were about to overwhelm private inland container depots (ICDs) early last month.
4 August 2021, 18:00 PM
Another privately built jetty comes to Ctg port’s aid
Another privately built jetty has come to the aid of the Chattogram port as it allowed the country’s largest seaport to use the facility to berth bulk vessels carrying heavy items.
3 August 2021, 18:00 PM
Priority for Colombo-bound ships delaying others
A temporary decision to give priority berthing to Colombo-bound vessels at Chattogram port amid a pileup of export containers at private off docks last month is now causing berthing delays for other vessels destined for the two other transhipment ports.
1 August 2021, 18:00 PM
Port Decongestion: NBR move yet to prove effective
A National Board of Revenue’s (NBR’s) temporary permission to shift import-laden containers from the Chattogram port to private inland container depots (ICDs) as a decongestion effort seems to have borne no fruit.
29 July 2021, 18:00 PM
Container vessel impounded at Ctg port
A Colombo-bound vessel carrying export containers has been kept impounded at the Chattogram port’s outer anchorage for the last eight days by Chittagong Port Authority (CPA) following a High Court order.
27 July 2021, 18:00 PM
Container delivery hits rock bottom
Import containers are piling up at an alarming rate at Chattogram port due to the worst delivery during the Eid holidays and the subsequent poor release of goods for the fresh lockdown, which could cause congestion anew.
25 July 2021, 18:00 PM
Second jetty opens for Matarbari power plant
A cargo vessel yesterday became the first to berth at the second jetty being constructed for unloading coal for the under-construction coal-based power plant at Matarbari in Moheskhali upazila of Cox’s Bazar.
15 July 2021, 18:00 PM
Reforms can save $4b a year in safety net spending: ADB
Bangladesh can save $19.32 billion over the next five years, or about $4 billion annually, if it can eliminate errors and leakages in the social safety net programmes and cut administrative and transaction costs, according to Asian Development Bank.
14 July 2021, 18:00 PM
Colombo-bound ships to get priority in berthing
The Chittagong Port Authority (CPA) yesterday took some decisions, including prioritising berthing for Colombo-bound feeder vessels, aiming at clearing out exports piling up at private inland container depots (ICD).
12 July 2021, 18:00 PM
Trial use of lighter jetty begins
Around eight years past being constructed by the Chittagong Port Authority (CPA), one of the four lighter jetties started undergoing trial operations yesterday.
8 July 2021, 18:00 PM
Plenty of empty containers, only a few are handy
It may surprise many that a lot of empty containers are lying idle at the private inland container depots (ICDs) in Bangladesh when the ICDs are choked with export cargoes for failing to ship them on time due to an acute shortage of empty boxes.
5 July 2021, 18:00 PM
Global container crisis hits local exporters
Bangladesh's export is facing unprecedented delays because of the deepening container crisis globally and squeezed capacity in vessels, fuelled by the rebounding demand in the Western economies.
3 July 2021, 18:00 PM
Cost of foreign tours of Govt officials: Pandemic saves Tk 2,500cr
Every cloud has a silver lining and so has the Covid-19 pandemic. It saved the government and taxpayers around Tk 2,500 crore since March last year.
2 July 2021, 18:00 PM
Cargo handling rises at Ctg port despite pandemic
Despite the Covid-19 pandemic, Chattogram port clocked 3.1 per cent year-on-year growth in container handling in the just-concluded fiscal year, which highlighted the growing foreign trade of Bangladesh, official data showed.
1 July 2021, 18:00 PM
IMED blames faulty feasibility studies
Implementation of government development projects by ministries and divisions suffers years of delays as they, in most cases, are formulated without proper feasibility studies and technical designs.
29 June 2021, 18:00 PM
Hapag-Lloyd suspends bookings of Bangladesh-bound cargoes
Hapag-Lloyd, a German container shipping company, has decided to suspend its booking of import containers bound for Bangladesh via Singapore for a month.
29 June 2021, 18:00 PM
Nationwide Lockdown: Govt taking steps for cash, food aid for the poor
The government is working to take necessary measures to provide cash assistance and food, including rice, edible oil and other commodities to poor who are affected during the countrywide “strict lockdown” to be imposed from Thursday.
26 June 2021, 18:00 PM
10pc tax likely for investing in new factories
The amnesty to legalise undisclosed income without any question and on payment of 10 per cent tax is likely to continue in the upcoming fiscal year for individuals who will make a new investment to set up factories, officials said.
26 June 2021, 18:00 PM