Mustard blooming on record area this year
In 2022, Bangladesh’s consumers had to buy edible oil by paying historic high prices because of record prices in the international market and the country’s high dependence on imports to meet its demand.
27 December 2022, 04:00 AM
Non-bank deposits on the wane
Non-bank financial institutions (NBFIs) have been witnessing a persistent fall in deposits for the past one year as many clients withdrew their savings to manage expenses amid the soaring cost of living and lower returns.
26 December 2022, 02:00 AM
High cost of living takes a toll on bank deposits
The deposit growth in banks of Bangladesh has slowed as many people saw their capacity to save dwindle amid the higher cost of living.
14 December 2022, 02:00 AM
No logical reason for spike in coal prices
Coal prices have shot up in the domestic market since September this year even though there is no rationale behind the hike, according to a report by the commerce ministry.
13 December 2022, 03:00 AM
Rice import by private sector remains low
Rice imports by the private sector in Bangladesh remain low despite five months having passed since the government started allowing local businesses to import the staple grain in a bid to rein in its spiralling prices in the domestic market.
12 December 2022, 03:00 AM
Wage growth below inflation for 10th month
For the 10th consecutive month, monthly wage growth of workers has remained below inflation, a trend that indicates a worsening poverty situation as many people are being compelled to cut consumption amid falling real income.
11 December 2022, 02:30 AM
High tariff protection for steel industry affects users
With the prices of mild steel (MS) products, namely rods, remaining high in the domestic market, the Bangladesh Trade and Tariff Commission (BTTC) has said high tariff protection on imports of billet is affecting local users.
7 December 2022, 03:30 AM
Food insecurity, poverty rise in Bangladesh: FAO
Bangladesh is suffering from severe localised food insecurity owing to economic constraints, refugee influx, floods and high prices of important food items, said Food and Agriculture Organization (FAO) in its latest report released on Friday.
4 December 2022, 03:00 AM
Wheat prices surge as traders cash in on import dip
Although wheat price is falling in the international market, Bangladesh sees an opposite trend.
4 December 2022, 02:10 AM
Growth in taxpayer registration slows
The National Board of Revenue (NBR) is witnessing slowing growth in the number of new taxpayers as the rule for compulsory tax return submission discourages many, officials say.
23 November 2022, 02:30 AM
SIBL focuses on grassroots to build up deposit base
Social Islami Bank Ltd (SIBL) is focusing on small depositors and millions of unbanked people in order to build a strong deposit base.
22 November 2022, 03:30 AM
Govt’s food distribution slumps
While the queue of people behind open market sale (OMS) trucks of the food ministry continues to remain fairly long, food grain distribution by the ministry was said to have dropped 19 per cent year-on-year in the first four months of the current fiscal year.
20 November 2022, 02:30 AM
Bangabandhu Sheikh Mujib Shilpa Nagar
The coast of Mirsharai, an upazila in the southeast division of Chattogram, wakes up in the morning to the sounds of under-construction factories, and machines of several newly-built plants on a vast part of the region.
19 November 2022, 18:00 PM
Giving priority to establish EZs at khas land, says Beza chief
The government is giving priority to develop economic zones on khas or state-owned fallow lands to reduce pressure on the public exchequer in acquiring land from individual owners, according to the Bangladesh Economic Zones Authority (Beza).
19 November 2022, 18:00 PM
Vegetable exports dip to 6-year low
Bangladesh’s earnings from vegetable exports dipped to six-year low in the July-October period of the current fiscal year as high air-freight rates and increased prices eroded the competitiveness of fresh produce.
15 November 2022, 02:05 AM
Wheat flour prices abnormally high in Bangladesh: FAO
With wheat flour prices crossing Tk 60 per kilogramme (kg) by the end of last week, the Food and Agriculture Organisation (FAO) maintained its price warning level for the second most consumed grain at “high” in Bangladesh.
13 November 2022, 02:15 AM
Wheat consumption in Bangladesh may drop 10pc: USDA
Bangladesh’s overall wheat consumption is likely to drop 10 per cent to 69 lakh tonnes in the marketing year of 2022-23 as high market prices and lower supply of wheat and wheat flour are reducing consumer demand, according to the US Department of Agriculture (USDA).
7 November 2022, 03:00 AM
Rice production to decline marginally
Bangladesh’s rice production may decline in marketing year (MY) 2022-23, which began in May, as severe floods damaged pre-monsoon crop Aus in the north and northeastern regions during planting, said a USDA report released on Monday.
2 November 2022, 03:00 AM
Steel industry to heat up as new players joining race
Bangladesh’s steel industry is set to see the entry of a couple of large business houses while several existing steelworks are looking to expand their capacities in order to gain from the rising demand for the key construction material.
30 October 2022, 02:00 AM
Bangladesh’s steel factories less polluting
The steel manufacturing plants in Bangladesh are less polluting and the lowest carbon emitters compared to the largest producers globally, mainly for the melting process followed locally and the efficient consumption of energy and water, said a top industrialist.
27 October 2022, 03:00 AM