Mohammad Suman

The Directorate of National Consumers Right Protection has identified seven reasons behind the price hike and shortage of sugar, including gas crisis, not mentioning price in sales invoices and complications in opening letters of credit.

Sugar has become dearer with prices going up by Tk 15 a kg at retail markets as millers cut supplies blaming insufficient gas flow at refineries.

Sugar prices have increased again in Dhaka and Chattogram amid a supply crunch.

The Cabinet Committee on Economic Affairs yesterday granted Bangladesh Petroleum Corporation permission to import 54 lakh tonnes of oil next year in a bid to secure supply of the key commodity amid the Russian invasion of Ukraine and geopolitical tension.

The Chattogram Customs House has fined Z&Z Intimates Ltd Tk 56.4 crore for illegally releasing an imported Rolls Royce vehicle.

Shipping agents are facing difficulties in submitting the registration number and import general manifest (IGM) against their vessels due to a glitch in the related server of the National Board of Revenue (NBR), leading to delays in import-export activities.

A standoff over unpaid bills between the government and independent power plants that run on heavy fuel oil is hurting people when they are enduring the worst power crisis in a decade.

Since last July, entrepreneur  Sujan Barua, a father of two, has been campaigning against noise pollution in different areas of Chattogram.

Custom House Chattogram has auctioned off 78 luxury cars whose brands included that of BMW, Land Rover, Mitsubishi, Mercedes and Lexus and which attracted individual bids of a maximum of Tk 2.5 lakh to Tk 50.5 lakh. 

Refiners in Bangladesh have cut the price of soybean oil and the new rates have started to take effect in the kitchen markets of Dhaka.

Business and industrial activities were disrupted for several hours since yesterday afternoon as the national power grid failed, plunging half of the country into darkness.

Bangladesh Ship Recycling Act, 2018 was enacted four and a half years ago but its implementation has stayed limited to just the formation of a board. 

Whenever the price of a commodity increases in the local market, the traders and wholesalers have the readymade excuse of a price hike in the international market. But a recent study by an intelligence agency found their justification to be unsubstantiated.

Custom House Chattogram has served a notice to BM Container Depot asking why its private bonded warehouse licence should not be cancelled following the recent deadly explosions and fire inside it.

The National Board of Revenue (NBR) has no definite guideline on grading steel, prompting duty evasion through underinvoicing and adoption of other unfair means by dishonest importers, depriving the government of hundreds of crores of taka in revenue each year. 

Scanners will be installed at both ends of the Karnaphuli tunnel in Chattogram to make sure that vehicles carrying flammable goods cannot use the underwater structure.

Smuggled or abandoned liquor and cigarettes from now can be sold off at a minimum of 60 per cent of their value to shops listed by customs instead of being kept on hold for sale by Bangladesh Parjatan Corporation. 

Import of raw materials used in manufacturing cement has increased in recent months in spite of the items turning pricier. 

A parliamentary watchdog yesterday came down heavily on Industries Minister Nurul Majid Mahmud Humayun for the price spiral of sugar despite ample supply of the commodity.

For the past two months a storage tank of state-run Padma Oil Company containing nearly 6,000 tonnes of furnace oil has been kept sealed off by Custom House, Chattogram on charges of dodging duty of Tk 116.74 crore.