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
Agriculture insurance still elusive
Cyclone Sitrang is over and the weather is forecast to be sunny today. But for thousands of people in Bangladesh, including farmers, it is rather gloomy.
27 October 2022, 02:10 AM
Cyclone Sitrang damages Aman crops, fish farms
Cyclone Sitrang has affected 33,000 hectares of transplanted Aman paddy crop and washed away fish and shrimps mainly in the southern coastal districts, officials said yesterday.
26 October 2022, 02:10 AM
Wages growth consistently stays below inflation
Growth of monthly wages of workers has consistently remained below the inflation rate, or spiral in the prices of goods and services, worsening conditions of their families.
25 October 2022, 02:50 AM
Liquidity stress major concern for banks
The ongoing liquidity stress has become a major concern for Bangladesh’s banking sector as people hardly park funds with lenders due to higher consumer prices, which have turned the return on deposits negative, said a top banker.
24 October 2022, 02:40 AM
Inflation, war eating away food gains
Bangladesh made gains in food production and ensured the availability of rice in recent years. But surging inflation, erratic weather, and the Russia-Ukraine war affected the availability of cereals and reduced low-income people’s access to food this year.
16 October 2022, 02:00 AM
Shipbreaking slumps by half amid lower imports
Scrap vessel imports slumped by half in the first nine months of the year as Bangladesh Bank is discouraging lenders from opening letters of credit to curb the depletion of forex reserves amid the soaring cost of the US dollar.
12 October 2022, 04:00 AM
Wheat flour price soars to record high
Bangladeshi consumers are paying the highest ever prices to buy wheat flour as supply and private stocks of the grain slumped in the domestic market in the wake of a dip in imports since the beginning of the Russia-Ukraine war.
5 October 2022, 18:00 PM
Bangladesh–an oasis of growth
Bangladesh is currently weathering a period of heightened external pressure and economic headwinds like it has done since the outbreak of the coronavirus pandemic and kept growing, said a top official of a multinational bank.
4 October 2022, 03:20 AM
September brings no cheer for economy
The economy of Bangladesh has continued to suffer from foreign exchange-related stress as both exports and remittances declined in September whereas import payments were almost unchanged.
3 October 2022, 03:00 AM
Tax collection from interest earnings slows sharply
Although banks are registering increased deposits, tax collection from interest earnings of savers has slowed down significantly amid the fall of the interest rate.
2 October 2022, 02:50 AM
EPZs make history in export, investment, jobs
Bangladesh’s export processing zones (EPZs) passed a spectacular period last fiscal year.
21 September 2022, 02:30 AM
First marine fishing policy looks to spur mariculture
For the first time, the government has framed a separate policy for marine fishing in order to ensure sustainable fishing and conserve the resources through proper management, according to a notification from the fisheries and livestock ministry.
16 September 2022, 03:15 AM
Floating exchange rate takes effect, finally
Bangladesh has finally embraced a floating exchange rate as the central bank adjusted its interbank foreign exchange rate yesterday in line with market realities.
14 September 2022, 02:10 AM
Coal import fuels Payra port activities
Trade activities at Payra port, the country’s third largest seaport, are increasing gradually riding on coal imports for the nearby Payra 1320 MW Thermal Power Plant.
13 September 2022, 03:10 AM