Pandemic bites aromatic rice processors
Haji Nanna Biriyani, a popular restaurant in Old Dhaka that serves up a mouthwatering selection of sub-continental and rice-oriented dishes, has reopened its doors to customers nearly a month ago.
27 August 2020, 18:00 PM
Wage growth drops further though economy reopens
Workers in the agriculture, industries and services sectors witnessed a further drop in wage growth in July as they were shut of income opportunities due to the economic headwinds brought about by the Covid-19 pandemic.
26 August 2020, 18:00 PM
Food office to assess stock of rice, paddy to tame rising prices
With the soaring prices of rice affecting the poor, the food ministry has taken steps to assess the stock of food grain at millers and traders end.
26 August 2020, 18:00 PM
Tax cheats still uninterested in whitening wealth
The tax authority has yet to get a good response from the holders of undisclosed money despite offering amnesty that none will question the sources of income this fiscal year, said its chief yesterday.
25 August 2020, 18:00 PM
Electronic fiscal devices are here -- finally
Electronic fiscal devices (EFDs), the much-talked-about e-cash registers promoted by the revenue authority as a tool to curb tax dodging, finally began to show up at retail stores in cities.
25 August 2020, 18:00 PM
Higher jute prices make growers happy, millers concerned
Farmers are getting higher prices for raw jute after cyclone Amphan and prolonged floods damaged part of their cash crop, but millers are not happy with the price spiral, which they say will push up production costs and affect demand from buyers abroad.
24 August 2020, 18:00 PM
Private sector players promising shuttered BJMC mills a new lease on life
The government is considering giving priority to leasing out state-owned jute mills to the private sector so that production could resume within a short time, according to officials of the textiles and jute ministry and industry stakeholders.
22 August 2020, 18:00 PM
NBR goes tough against non-compliant companies
Bangladesh has more than 180,000 officially registered companies. Yet, roughly 35,000 of those businesses, that is just one-fifth of them, file income tax returns regularly -- a dismal picture even though rules make it compulsory for businesses to file returns annually.
20 August 2020, 18:00 PM
Pandemic buoys demand for automation among local businesses
The ongoing coronavirus pandemic has brought about many changes to everyday life, especially the way people deal with the outside world.
19 August 2020, 18:00 PM
Paddy prices run riot. Could this go on to pose threat to food security?
Paddy prices have shot up to very high margins for a decline in its availability in suburban haats and bazars owing to big farmers and seasonal stockists taking it slow while releasing the staple.
17 August 2020, 18:00 PM
AB Bank puts Aman Feed’s factory and land on sale for failure to pay loans
AB Bank has put the factory of Aman Feed and its collateral on sale for its failure to pay Tk 268.40 crore in loans and interest within the sanctioned timeframe of July.
15 August 2020, 18:00 PM
Electronic cash devices to be rolled out on 25 Aug
The National Board of Revenue is finally going to roll out the much-talked electronic fiscal devices (EFDs) as part of its effort to curb evasion of value-added tax paid by customers while purchasing goods and services.
13 August 2020, 18:00 PM
Higher paddy prices have left seed sellers beaming
The current aman paddy cultivation season has come as a blessing for public and private seed producers and marketers as farmers, encouraged by higher prices of boro, bought a bigger amount of seeds this time to maximise profits by increasing harvest.
12 August 2020, 18:00 PM
Pandemic doubles extreme poverty
The recent nationwide closure of all economic activities for two-and-a-half months has doubled extreme poverty in Bangladesh, raising the number of the country’s ultra-poor from 10.5 per cent of the population to 20.5 per cent as of June, according to the Planning Commission (PC).
11 August 2020, 18:00 PM
Air travel to become costlier from next week
Airline passengers will face higher ticket prices from next week onwards as the aviation authority has imposed new fees aimed at funding airport development and strengthening security, according to a notice from the Civil Aviation Authority of Bangladesh (CAAB).
10 August 2020, 18:00 PM
Is the pandemic bringing down the curtains on independent bookstores and publishers?
Redwanur Rahman Jewel’s dreams had come true when he opened his bookstore in May last year as it soon turned into a veritable hub for readers and writers alike.
6 August 2020, 18:00 PM
NBR relaxes rules on Certificates of Origin to facilitate global trade
The customs authority has relaxed its rules in regards to the submission of Certificates of Origin (CoO), a declaration of the place of manufacture for any product, for goods imported under the South Asian Free Trade Area (SAFTA) trade pact in the SAARC bloc.
30 July 2020, 18:00 PM
Economy in a limbo
The economy, it seems, is in a sort of limbo, neither fully on recess nor roaring ahead.
30 July 2020, 18:00 PM
Fish farmers Tk 220 crore poorer for flood
A deluge of missed calls greeted me as I glanced over my phone in late afternoon on Saturday. They were all from the same unknown number.
27 July 2020, 18:00 PM
The curious case of NBR's online tax return filing project
Everything was going well for the online tax return filing project until the end of 2019.
25 July 2020, 18:00 PM