Wheat imports plunge to 6-year low
Bangladesh’s wheat import fell to its lowest in six years as many consumers switched to rice irked by surging prices of the grain.
17 July 2022, 02:45 AM
Austerity steps okay but more belt-tightening needed: Experts
The government in Bangladesh has already begun enforcing energy and power rationing to contain the surging import cost of gas and fuel oil and turned to austerity measures to save US dollars.
8 July 2022, 02:15 AM
Govt’s food procurement from local harvest falling short
The government’s paddy procurement drive is far below its target for this year even though two months have gone by since the process began at the end of April.
7 July 2022, 05:00 AM
Gas shortage, power cuts hit factories
A deepening energy crisis is hitting industries in Bangladesh hard, forcing them to cut production by as much as 50 per cent as escalated import bills have forced the country to lower gas purchase from international sources.
7 July 2022, 02:30 AM
Used car imports surge in FY22
Car imports surged in the just concluded fiscal year thanks to reduced import tariff and release of pent-up demand among the country’s middle-class amid the economy’s gradual recovery from Covid-19.
6 July 2022, 05:55 AM
Govt moves to cool rice prices
Ninety-five food companies have got the permission to import a total of 4,09,000 tonnes of rice as the government tries to lower the prices of staple grain by increasing supply.
1 July 2022, 18:00 PM
Inflation, flood dim cattle sales prospects
Bangladesh has enough cattle to meet the demand during the coming Eid-ul-Azha but buyers are likely to face higher prices for sacrificial animals.
1 July 2022, 03:00 AM
'Export growth to slow down in FY23 for weaker external demand'
Bangladesh’s export growth may witness a slowdown in the next fiscal year, said the central bank in its monetary policy unveiled today.
30 June 2022, 11:14 AM
Bangladesh’s trade deficit projected $33b in FY22
Bangladesh’s trade deficit is projected to be $33 billion in the outgoing fiscal year as export earnings and remittances continue to fall below the overall import cost, said Bangladesh Bank in its monetary policy for the next fiscal year.
30 June 2022, 10:49 AM
Mango exports hit five-year high
Mango exports from Bangladesh touched a new high in the outgoing fiscal year thanks to increasing interest among growers and exporters to ship the juicy fruits abroad, official figures showed.
30 June 2022, 03:30 AM
NBR set to miss revenue generation target again
The National Board of Revenue (NBR) reached 76 per cent of its Tk 330,00 crore revenue generation target in the 11 months of 2021-22, meaning it is going to miss the full fiscal-year collection goal once again.
29 June 2022, 05:00 AM
Profits drive cattle fattening in Bangladesh
There has been growing interest among farmers in Bangladesh at rearing and fattening bulls, encouraged by high domestic prices which enable making a profit alongside an Indian clampdown on illegal inflows of cattle.
29 June 2022, 04:25 AM
Govt guarantee for state enterprises’ loans on the rise
The government guarantee given to state enterprises against their loans edged up further this fiscal year as demand from agencies seeking support security to generate power, and provide food and fertilisers at subsidised prices has increased.
27 June 2022, 03:30 AM
Rice gets costlier despite massive duty cut
Rice prices have edged up in Bangladesh in the last couple of days despite the cut in customs tariffs on the import of the staple food to 25 per cent to increase supply and contain prices.
27 June 2022, 02:30 AM
Appetite for forming One Person Co still low
The appetite among entrepreneurs to form One Person Companies (OPCs) remains low even though 10 months have passed since the government started registering single owner-based enterprises.
25 June 2022, 18:00 PM
Rice import duty slashed
The government has slashed import duty on rice until October 31 to help increase the supply of the staple and stabilise the domestic market, according to a notification issued yesterday.
23 June 2022, 18:00 PM
Padma Bridge a morale booster for local contractors
Construction of the Padma Multipurpose Bridge has given a huge morale boost to local developers that were engaged in building approach roads and other facilities related to the Tk 30,200 crore bridge, which is the largest in Bangladesh.
22 June 2022, 05:00 AM
NBR makes VAT registration easier for firms
The National Board of Revenue (NBR) has relaxed rules regarding value-added tax (VAT) registration of manufacturing entities operating in Bangladesh, a move welcomed by the businesses as it would reduce their cost of compliance.
21 June 2022, 04:30 AM
Floods wash away Tk 140cr fish in Sylhet
The current flooding in Sylhet has caused losses of more than Tk 140 crore for the local aquaculture industry, with farmers in Sunamganj district being the worst affected, according to a preliminary estimate by the Department of Fisheries (DoF).
20 June 2022, 04:00 AM
Tax reduction to discourage cash transactions
The 2.5 percentage points corporate tax rate cut will encourage firms in Bangladesh to move away from cash transactions, said Naser Ezaz Bijoy, president of the Foreign Investors’ Chamber of Commerce & Industry (FICCI).
19 June 2022, 04:30 AM