Rising costs derail economic recovery of poor
When his children ask Russel Shaikh why there is no meat and even fish in their meals, he has no answer. This is because he simply has no choice as soaring prices of essential commodities and the rising cost of living have hit hard the pockets of the low-income people like him.
19 May 2022, 02:30 AM
Tax collection target likely to be missed, again
The National Board of Revenue (NBR) has been failing to achieve tax collection targets since the fiscal year of 2012-13 because of lofty goals set by the government and the absence of major reforms.
18 May 2022, 04:30 AM
Price of finer paddy goes up
Prices of paddy, particularly the finer varieties, are on the rise in the producing regions in Bangladesh amid worries of crop damages and lower yield inflicted by the recent flash floods in the haor districts and cyclone Ashani-induced rainfalls.
16 May 2022, 04:30 AM
Puzzling low tax-GDP ratio
While official data portrays the burgeoning growth of Bangladesh’s economy, tax collection relative to the gross domestic product (GDP), a measure of the size of the economy, shows an almost opposite trend.
16 May 2022, 03:30 AM
Edible oil crisis: Time to overcome vulnerabilities
When Farid Uddin planted sunflower, sesame and groundnut on his 80-decimal land, he had no idea that prices of edible oil would skyrocket.
13 May 2022, 18:00 PM
Keep in mind Ukraine war, new Covid wave
The government should make budgetary allocation for the fiscal year of 2022-23 to deal with the impacts of the ongoing Russian-Ukraine crisis and the possibility of the emergence of another wave of coronavirus, said a noted economist.
10 May 2022, 18:00 PM
Budget's implementation challenges: Experts blame lower revenue collection, poor execution capacity
Anyone who follows the national budget of Bangladesh is familiar with some expressions such as ‘ambitious budget’ and ‘implementation will be challenging”.
8 May 2022, 18:00 PM
Up to 500cc motorbikes can be made locally
The government has granted permission to manufacturers to produce bikes up to 500cc engine capacity, a move that is expected to give a huge boost to the motorcycle industry in Bangladesh and provide the scope to bike lovers to ride higher engine two-wheelers.
25 April 2022, 18:00 PM
Appetite to legalise black money wanes drastically
Despite offering the scope to legalise black money without asking any questions, the National Board of Revenue (NBR) received very poor responses from taxpayers in the current fiscal year of 2021-22, official figures showed.
20 April 2022, 18:00 PM
Inflation sprints to 17-month high
Inflation in Bangladesh rocketed to a 17-month high in March driven by higher food costs as global uncertainties stemming from the Russia-Ukraine war and supply chain disruptions show no sign of abating, official figures showed yesterday.
19 April 2022, 18:00 PM
Non-bank interest cap goes against global trends
The Bangladesh Bank yesterday imposed an interest rate cap on deposits and loans at non-bank financial institutions aligning with the ceiling now prevailing at banks although rates are rising globally to tame runaway inflation.
18 April 2022, 18:00 PM
Public food stocks drop on increased distribution
Food stocks at public storages declined over the past two months from the peak of nearly 20 lakh tonnes in mid-February this year amid increased distribution under various social protection programmes.
16 April 2022, 18:00 PM
RISKS GROWING for rising debt service-to-revenue ratio
Bangladesh’s debt service to revenue ratio rocketed to 81.2 per cent in the last fiscal year amid lower tax collection and higher borrowing, according to the International Monetary Fund.
12 April 2022, 18:00 PM
Walton expands global footprint
Walton Hi-Tech Industries PLC has won the bid to acquire three European brands and the trademark and branding rights in 57 countries, seeing off two renowned companies.
6 April 2022, 18:00 PM
Potato exports near last year’s total in 9 months
Outbound potato shipments are set to exceed last year’s total as local exporters are able to supply the vegetable at more competitive prices than Pakistan and China, various exporters said yesterday.
3 April 2022, 18:00 PM
Focus on sustainability sparks innovation
The Hong Kong and Shanghai Banking Corporation (HSBC) has set a goal to provide between $750 billion and $1 trillion in financing and investment globally in the next decade to support its clients to lower carbon emissions and achieve sustainable growth.
3 April 2022, 18:00 PM
Consumers opting for palm oil
Bangladesh’s consumers have increased consumption of palm and mustard oil as many of them have switched from soybean oil due to its rising prices, according to a recent report by the US Department of Agriculture (USDA).
2 April 2022, 18:00 PM
High rice prices buoy Boro acreage
Farmers have planted paddy on increased areas of land during the current Boro cultivation season after being encouraged by higher prices for the staple grain in the domestic market for the last one year.
19 March 2022, 18:00 PM
Mongla EPZ finally begins to buzz
While most average towns in the countryside slowly wake up to brace the day, the small port town of Mongla in Bangladesh’s southwest region is already bustling with activity by 6:00am each morning.
17 March 2022, 18:00 PM
Soybean oil import falls as refiners go slow
Soybean oil imports, both in crude and seed forms, declined marginally in Bangladesh in the current fiscal year as businesses are cautious in buying the raw materials at higher volumes despite surging prices of edible oil locally amid concerns that higher prices would drive down consumption.
9 March 2022, 18:00 PM