Area under surface water irrigation expanding
Irrigation by surface water is steadily expanding in different parts of the country while the use of groundwater is declining thanks to the government’s move to re-excavate canals and build rubber dams.
4 September 2022, 02:50 AM
Rice production growth slows despite rising demand
The rice production growth in Bangladesh is slowing as the room for a further expansion of modern high-yielding varieties (HYVs) has squeezed amid reducing cropped area and growing use of agricultural land for non-farm purposes.
29 August 2022, 02:15 AM
Sugar, lentil: Traders make higher profit from sales in packets
Businesses are making a higher profit from selling sugar and lentil in packages, breaching the rules of essential commodity distribution and affecting consumers, said a Bangladesh Trade and Tariff Commission (BTTC) report.
22 August 2022, 03:00 AM
Transit of oil: India to pay Tk 250 per tonne
Indian Oil Corporation Ltd (IOCL) will be required to pay various charges and give bonds to transit petroleum from Meghalaya to Tripura through Bangladesh, according to a notification from the National Board of Revenue (NBR) at the end of last week.
21 August 2022, 03:00 AM
Govt again extends rice import deadline
The food ministry has again granted more time to business to open letters of credit (LCs) for importing rice as shipments continue to be very low while prices of the grain are rising due to the recent spike in fuel costs, according to a notice on Wednesday.
19 August 2022, 03:00 AM
Companies’ accounting software: NBR move seeking user ID, password irks businesses
A move by the National Board of Revenue asking for sharing the user identification and password of companies’ accounting software has created concerns among businesses, which said such a measure would give negative signals about the business climate in Bangladesh and discourage investors.
17 August 2022, 02:15 AM
Cargo movement rises thru waterways
Cargo movement through waterways between Bangladesh and India rose to a new height in fiscal year 2021-22 as local entrepreneurs, particularly cement makers, found the river routes convenient to bring their raw materials, mainly fly ash, from the neighbouring country.
15 August 2022, 02:30 AM
Breakthrough in tax collection unlikely without automation
The National Board of Revenue (NBR) is unlikely to make any major breakthrough in tax collection without automation and reforms in the revenue administration, said its former chairman Nasiruddin Ahmed.
14 August 2022, 02:45 AM
Industrial production slows
Industrial production has slowed in Bangladesh, official figures showed although surging imports paint a different picture.
9 August 2022, 02:15 AM
Bangladesh offers duty benefit to 43 types of Bhutanese goods
The customs authority has withdrawn import duties on 43 types of Bhutanese goods to give them better market access to Bangladesh, according to a notification issued by the National Board of Revenue (NBR) recently.
8 August 2022, 15:18 PM
Costlier fuel to hit farmers hard
The government move to increase the price of diesel by a high margin has caught many farmers off guard.
7 August 2022, 02:45 AM
Should Bangladesh go for alternative currencies?
The US dollar is currently one of the most talked about issues.
4 August 2022, 02:45 AM
FY22 closed with record $18.7b current account deficit
Bangladesh closed its financial year 2021-22 with an $18.7 billion current account deficit, the highest on record, as export earnings failed to narrow the gap with skyrocketing imports, Bangladesh Bank data released yesterday showed.
2 August 2022, 05:00 AM
Deadline extended for opening LCs for rice import
The food ministry has extended the deadline for private firms to open letters of credit (LCs) for importing rice until August 21 this year.
1 August 2022, 03:15 AM
Rice production to decline: USDA forecasts on Bangladesh
Bangladesh may bag lower rice output this season, which begins with Boro paddy in winter, as heavy rainfall and flash floods in June have damaged the Aush crops to be harvested next month, according to a recent forecast by the US Department of Agriculture (USDA).
29 July 2022, 03:30 AM
Scams crippling banking sector
A little-known firm named SB Exim allegedly swindled Tk 200 crore from Bangladesh Commerce Bank Ltd (BCBL) using forged documents in the name of exporting terracotta tiles in 2018.
27 July 2022, 02:15 AM
Taka slide brings a little cheer for major exporters
A falling local currency usually translates into higher earnings for exporters since their products become more competitive in the global markets.
26 July 2022, 02:00 AM
Mills shut yet BJMC incurring losses
Bangladesh Jute Mills Corporation (BJMC) has been continuing to incur losses, although more than two years have passed since the government closed down 25 state-run jute mills.
25 July 2022, 02:15 AM
Dry spell rings alarm for Aman cultivation
It’s rainy reason in Bangladesh and agricultural land is supposed to be wet with monsoon rains by now.
20 July 2022, 02:00 AM
Frozen fish exports rebound, hit 6-year high
Frozen fish exports from Bangladesh rebounded and a hit six-year high in the just concluded fiscal year powered by an increase in the price of black tiger shrimp and freshwater prawn farmed in the Southern coastal region.
18 July 2022, 02:45 AM