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
Inflation rises to 5-year high
Inflation rose to 6.44 per cent in October, the highest in at least five years, driven by a sharp increase in the price of food items, official figures showed yesterday.
4 November 2020, 18:00 PM
NBR to develop e-tax return filing system with own resources
The National Board of Revenue (NBR) has decided to develop an online tax return filing system with its own resources so that taxpayers can file their annual income statements easily.
2 November 2020, 18:00 PM
Aman yield may fall due to recurrent floods, heavy rains
Repeated floods and unfavourable weather are likely to trigger a drop in yield of Aman rice, the second-biggest crop in Bangladesh after Boro, a worrying prospect amid the rising price of the cereal.
2 November 2020, 18:00 PM
Govt plans incentives for synchronised cultivation
The government plans to provide incentives to encourage community cultivation so that farmers plant their crops in a synchronised manner and ensure simultaneous harvests.
29 October 2020, 18:00 PM
Govt to buy paddy, rice at lower than production costs
The government yesterday announced to buy paddy and rice at prices that are below the production cost, raising doubts whether it would be able to attain the procurement target of the staple to build an adequate public stock.
28 October 2020, 18:00 PM
Battery market swells riding on fast-expanding easy-bikes
The rapid expansion of electric three-wheelers, popularly known as easy bike, has opened up huge business opportunities for battery manufacturers and traders in Bangladesh.
26 October 2020, 18:00 PM
Despite price spiral, potato farmers still in a pickle
With the prices of potato having shot up in the past few weeks, farmers who were preparing for the upcoming growing season are about to face a new reality.
24 October 2020, 18:00 PM
Tax collection jumps in September
Tax collection jumped in September as the country’s businesses and economic activities continued to pick up despite all the uncertainty caused by the ongoing Covid-19 pandemic.
20 October 2020, 18:00 PM
No tax fair, online return submission this year
Individual taxpayers will have to submit their income tax returns at tax offices this year as the National Board of Revenue (NBR) has decided against holding its annual tax fair to avoid mass gatherings and curb the risk of the spread of coronavirus, said officials.
19 October 2020, 18:00 PM
BSTI licence mandatory to retail fruit drinks, wafer
Fruit drinks and wafer biscuits can no longer be marketed or sold without the certification from the Bangladesh Standards and Testing Institution (BSTI), according to a government notification.
18 October 2020, 18:00 PM
The never-ending debate over GDP growth
The debate over Bangladesh’s GDP growth forecasts is back again. There is wide variation in the projections made by the multilateral development agencies for the current fiscal year amid deep uncertainties about the near-term trajectory of the global economy as the pandemic is still raging.
18 October 2020, 18:00 PM
Potential of e-waste recycling remains untapped
Residents in Dhaka are quite familiar with informal buyers of obsolete computers, laptops, batteries of Instant Power Supply and other malfunctioned home appliances.
17 October 2020, 18:00 PM
BSTI certification now required for solar home system batteries
The government has prohibited sale and distribution of batteries used in solar home systems (SHS) that have not been certified by the Bangladesh Standards & Testing Institution (BSTI).
15 October 2020, 18:00 PM
NBR looking into Evaly’s tax records
The National Board of Revenue has opened an investigation to find out whether e-commerce platform Evaly has dodged income tax, according to a senior official of the NBR.
14 October 2020, 18:00 PM
Air shipment to Europe hits a snag
For the last four days, Mohammed Abul Hossain, a vegetable exporter, has been trying to send his consignments to England but each of his attempts ended in failure as two scanners solely used for Europe-bound cargoes are out of order at Hazrat Shahjahal International Airport (HSIA).
14 October 2020, 18:00 PM
GPH Ispat to ship 25,000 tonnes of billet to China
GPH Ispat, one of the country’s leading steel makers, is going to export billet to China in what will be the biggest-ever outgoing shipment of raw materials by any Bangladeshi company.
13 October 2020, 18:00 PM