Wheat acreage expands on record prices
Farmers, buoyed by soaring prices of flour in the domestic market because of the decline in imports, have brought more areas under wheat cultivation this season in a welcoming development.
22 January 2023, 04:00 AM
Abdul Monem Ltd goes from strength to strength
Bangladesh launched its first metro rail on December 28. Albeit it is running on a limited scale at present, it holds the promise of offering a fast-commuting experience to thousands of people every day and contributing to ridding the capital city of notorious traffic congestion.
15 January 2023, 02:40 AM
Bangladesh expands cargo carrying capacity by sea
Bangladesh’s entrepreneurs, encouraged by prospects, tax and VAT benefits, expanded their capacity in oceangoing shipping sector, with the total number of vessels rising to 91, the highest so far, at the end of 2022 from 80 ships a year ago.
10 January 2023, 02:30 AM
Local airlines look to rebound from pandemic losses
The year 2022 had been a good year for Bangladesh’s two local airlines thanks to increased flow of travellers after the authorities lifted pandemic-related restrictions.
9 January 2023, 03:30 AM
Pvt sector foreign debt sees first fall since 2020
For the first time since December 2020, private sector borrowing from external sources declined as the appetite among firms eroded for increased borrowing costs.
2 January 2023, 02:30 AM
Farmers come to our rescue, yet again
When Abdul Haque woke up at dawn yesterday, not even the bone-chilling cold or the fog could stop him from getting out onto the field.
1 January 2023, 01:00 AM
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