Foreign companies control Tk 200cr maize seed market
An expansion in the cultivation of maize has created a vibrant market worth more than Tk 200 crore for its seed that is captured almost exclusively by foreign firms in the absence of adequate good quality seeds developed locally.
19 October 2019, 18:00 PM
Govt to build 200 paddy silos to ensure fair prices
The food ministry plans to set up 200 paddy silos for about Tk 6,000 crore in order to buy increased amounts of grains from growers with a view to protecting them from losses in case of good harvest, said a top official.
17 October 2019, 18:00 PM
Social Safety Nets: Not many urban poor getting help
Most of the poor people in urban areas remain deprived of the government’s social protection benefits.
Only 17.84 percent of the poor people living in towns and cities receive support from social safety schemes, whereas 35.77 percent of the poor people in rural areas get the benefits, according to a World Bank report.
16 October 2019, 18:00 PM
1 in 7 Bangladeshis undernourished
The hunger situation in Bangladesh continues to remain “serious”, with one in every seven persons suffering from undernourishment, according to the 2019 Global Hunger Index (GHI) released yesterday.
15 October 2019, 18:00 PM
Paddy price stays low as aman harvest beckons
Paddy prices are refusing to pick up, much to the anxiety of farmers who are set to kick off aman paddy harvesting next month.
14 October 2019, 18:00 PM
Low paddy prices dent demand for farm machinery
Prolonged low prices of paddy and floods have dampened the demand for agricultural machinery among farmers who are losing interest in making new investments, according to marketers.
9 October 2019, 18:00 PM
Jute goods makers get a shot in the arm
Jute goods makers have got a shot in the arm from the National Board of Revenue, which has extended reduced tax benefit to them until fiscal 2022-23.
At present, jute goods manufacturers pay 10 percent tax on their export income instead of 35 percent. But that privilege was due to
8 October 2019, 18:00 PM
NBR seeks funds to buy 14 container scanners
The National Board of Revenue plans to buy 14 container scanners to boost examination of export and import consignments and curb evasion of duties through false declaration.
5 October 2019, 18:00 PM
The changing landscape of home financing
The dream of having a home of their own began to take root the day Mithu and Dipti tied knot.
5 October 2019, 18:00 PM
Source tax on export to be slashed
The National Board of Revenue is likely to reduce source tax on proceeds from all export items, including apparels, to 0.25 percent to help increase competitiveness of local products in international markets, said a senior official yesterday.
3 October 2019, 18:00 PM
Foreign meat finding niche in local market
Imported cheaper frozen meat has aggressively been displacing homegrown beef in Bangladeshi eateries for the last one and a half years, which is a matter of grave concern for the local industry.
26 September 2019, 18:00 PM
Dice rolling in thru’ legal cracks
Taking advantage of loopholes in laws and policies, importers brought in at least five consignments of gambling equipment.
Even though a 152-year-old law prohibits gambling and the constitution assigns the state to “adopt effective measures to prevent
25 September 2019, 18:00 PM
Onion still skyrocketing
Onion prices kept surging yesterday despite measures and promises from the government to cool down the market of the essential cooking ingredient.
19 September 2019, 18:00 PM
Govt eyes 300MW rooftop solar power
The government is looking to use the rooftops of factories and public agencies to generate about 300MW of clean electricity through solar photovoltaics (PV) -- a move that can slash emissions and dependency on fossil fuel.
16 September 2019, 18:00 PM
Fruits imports soar
A tall glass of chilled vivid purple drink awaits Sarah Hussain as she comes down for breakfast with her family.
12 September 2019, 18:00 PM
NBR plans big to monitor store sales
The revenue authority plans to buy a total of 300,000 sales monitoring devices this fiscal year to bring all shops under an online
24 August 2019, 18:00 PM
NBR plans big to monitor store sales
The revenue authority plans to buy a total of 300,000 sales monitoring devices this fiscal year to bring all shops under an online network and cut the scope for VAT evasion.
24 August 2019, 18:00 PM
Forget cost, safe food must
Goodness has a value and a cost and consumers should understand this and be willing to pay extra because companies have to spend more when they follow good practices with a view to ensuring safety in the value chain of foods.
21 August 2019, 18:00 PM
Factories employing robots to boost output
Local firms are increasingly embracing robots to increase productivity and competitiveness -- a development that is poised to displace workers in the labour-abundant country.
19 August 2019, 18:00 PM
Vegetable exports rebound after four years
Fresh fruits and vegetables export bounced back in fiscal 2018-19, ending four straight years of slump, thanks to higher demand and efforts to improve farming and packaging practices in order to produce and ship disease-free crops.
18 August 2019, 18:00 PM