Major commodity processors more into crushing oilseeds
Local firms are gradually expanding their oilseed crushing capacities, not just to get more oil but to also cater to a growing demand for soybean meals among feed manufacturers, industry leaders said.
21 December 2020, 18:00 PM
Bangladesh growing a huge appetite for apple
Bangladesh has become the third largest importer of apples in the world thanks to the rising purchasing capacity and growing health consciousness among the country’s people.
15 December 2020, 18:00 PM
NBR introduces lottery to boost VAT collection
Buying a product from a store could help you win Tk 100,000.
7 December 2020, 18:00 PM
Govt to import 5 lakh tonnes of rice
The government may import up to 5 lakh tonnes of rice to replenish the country’s depleting food stocks and tame the soaring prices of the staple, according to a senior official of the food ministry.
6 December 2020, 18:00 PM
NBR after fake audits
With an aim to curb the submission of fake audited financial statements, the National Board of Revenue (NBR) has directed its field offices to verify each audit report and income tax return filed by any company through the Document Verification System (DVS).
1 December 2020, 18:00 PM
3,220 taxpayers come clean, NBR gets Tk 380cr
Some 3,220 individual taxpayers have so far disclosed their undeclared properties, enabling the National Board of Revenue (NBR) to get Tk 380 crore from the amnesty it offered to holders of black money that none would be able to question the sources of income.
30 November 2020, 18:00 PM
NBR extends deadline for tax return submission by a month
The National Board of Revenue (NBR) today extended the deadline for income tax return submission by one month.
30 November 2020, 09:48 AM
Calls ring out for deadline extension
With only two working days remaining for filing income tax return, taxpayers are in a hurry to gather and prepare related documents.
26 November 2020, 18:00 PM
BD opposes Indonesia’s move to slap safeguard duty
Bangladesh has opposed Indonesia’s move to impose a safeguard duty on apparel shipments to the country as such a measure would be inconsistent with the provisions of global agreements on safeguards, tariffs and trade.
25 November 2020, 18:00 PM
Import of painted bike components allowed again
The revenue authority has reinstated the opportunity for motorcycle assemblers to import painted completely knocked-down components of two-wheelers.
24 November 2020, 18:00 PM
Govt to take Tk 101cr project promoting better fodder
The government is likely to approve a Tk 101 crore scheme today to promote cultivation of improved varieties of grass among dairy and beef cattle farmers to boost yields and reduce their high dependence on concentrate feed.
23 November 2020, 18:00 PM
Tk 200cr likely to be left
Around Tk 200 crore is likely to be left unspent under the VAT Online Project (VOP) as some of the planned components have been made redundant for amendments brought to the VAT law, said officials.
21 November 2020, 18:00 PM
Govt turns to international market for rice
The government has started buying rice from the international market in its effort to replenish public food stocks and increase its capacity to intervene in the market to curb a price spike of the staple food.
17 November 2020, 18:00 PM
Food reserve under pressure
The country’s food reserve dropped to 8.8 lakh tonnes on Sunday, despite bumper grain production in the last fiscal year.
16 November 2020, 18:00 PM
Inclement weather, not Covid, to cut rice production
Rice production is likely to decline by 5,50,000 tonnes in the May-April period of 2020-21 from a year ago as a result of cyclones, heavy rains and repeated floods, said a US Department of Agriculture (USDA) statement released on Thursday.
14 November 2020, 18:00 PM
Private hospitals look to make a turnaround in 2021
Samorita Hospital, the lone listed healthcare provider, yesterday reported a sharp drop in profit for the last fiscal year, reflecting the sluggish business in the country’s private healthcare sector as most treatment-seekers opted to stay away from hospitals.
10 November 2020, 18:00 PM
Container use made easier for EPZ factories
The National Board of Revenue has made it easier for firms in the country’s export processing zones to use import-export containers, a move that will likely expedite the process and reduce the costs for exporters.
9 November 2020, 18:00 PM
Frozen food industry emerges as a bright spot amid pandemic gloom
The ongoing Covid-19 pandemic has forced the world to adjust to a new reality. Many consumers who love to spend time at restaurants and cafes or even just enjoy traditional snacks, such as samosas and fuchka from roadside vendors, have had to think otherwise.
7 November 2020, 18:00 PM
India’s new customs rules to take toll on Bangladesh’s exports
A new rule framed by India on determining the country of origin of a product is going to hurt Bangladesh’s exports to India and undermine the efforts to narrow large trade imbalance between the two neighbours, according to two government agencies.
7 November 2020, 18:00 PM
Govt eyes self-sufficiency in onion production
The government has taken an initiative to increase onion production in the country by 10 lakh tonnes within the next three years in order to attain self-sufficiency and cut import dependence.
5 November 2020, 18:00 PM