Why is Hilsa costlier despite increased harvest?
Hilsa remains dearer, although annual production of the most sought-after fish in Bangladesh has increased for the last several years.
11 October 2024, 18:00 PM
Of Hilsa and its hunters
On the corner of a crowded and noisy floor, a bespectacled man was calling out bids for a basket of Hilsa fish. He repeated the prices quoted by traders in a loud, rhythmic tone: “1,400-1,420-1,450…”
11 October 2024, 18:00 PM
No respite for jute goods makers from export fall
Bangladesh’s exports of jute and jute goods have been falling continuously as many buyers have switched to synthetic and regenerated cotton yarn due to high prices of the golden fibre in the domestic market.
10 October 2024, 18:00 PM
Bangladesh’s rice output crosses 4cr tonnes for the first time
For the first time, Bangladesh has bagged more than 4 crore tonnes of rice in a fiscal year (FY) thanks to increasing yields of the most grown crop, according to official data.
9 October 2024, 18:00 PM
Bangladesh's rice output crosses 4cr tonnes for the first time
For the first time, Bangladesh has bagged more than 4 crore tonnes of rice in a fiscal year (FY) thanks to increasing yields of the most grown crop, according to official data.
9 October 2024, 16:18 PM
Banks mostly gave loans to their owners rather than creditworthy borrowers
Bangladesh’s banking sector was not well-managed in recent years. Banks mostly gave loans to their owners, rather than to creditworthy entities. Consequently, several banks are now in difficulty.
6 October 2024, 18:00 PM
An economic corridor that quietly fuels growth
At the turn of the millennium, travelling by road between Sylhet and Dhaka felt akin to a trek across rugged terrain. One would have to awkwardly traverse bumps along narrow and winding paths for upwards of 10 hours to make the trip either way.
4 October 2024, 18:00 PM
Bank Asia puts Deshbandhu Sugar’s collateral on auction
The lender invited bids from interested buyers for properties mortgaged by the company in the capital's Uttarkhan, Uttara Residential Model Town and Bashundhara.
19 September 2024, 15:04 PM
Workers’ demands are not unjust
The workers’ demands are logical so owners should sit together to address this and restore stability to the garment industry, the country’s largest export-earner, said Kalpona Akter, president of Bangladesh Garment & Industrial Workers Federation.
14 September 2024, 18:00 PM
Govt may miss Aman acreage target
Bangladesh may miss its target for cultivation of the Aman rice, the second biggest rice crop, this year as farmers in the eastern districts are unlikely to transplant the seedlings again in fields that were washed away by last month’s devastating flood.
12 September 2024, 18:00 PM
Interest rate spread rises to highest level since 2003
The spread between interest rates on deposits and loans rose to 6.03 percent, the highest in two decades, indicating that banks are making money at the expense of depositors and borrowers.
7 September 2024, 18:00 PM
A regime of crony capitalists
When the Awami League (AL) announced its manifesto with the slogan ‘Charter for Change’ ahead of the general elections in 2008, it drew applause from various sections of society
6 September 2024, 18:00 PM
Floods to affect rice acreage, production
Rice acreage and production in Bangladesh are likely to decline because of recent floods, which would affect paddy of the Aus and Aman seasons, said the US Department of Agriculture (USDA) at the end of last week.
4 September 2024, 18:00 PM
Sugar imports slump amid illegal influx
Bangladesh’s sugar imports fell sharply in fiscal year 2023-24 as refiners stayed away from placing orders to foreign buyers in the face of an illegal influx of the sweetener through the borders.
1 September 2024, 18:00 PM
Exports fell in FY24 for lower woven, knitwear shipments
Bangladesh’s overall exports fell 4.34 percent year-on-year in FY24 due to lower shipments of ready made garments (RMG), reflecting sluggishness in industrial activities and the economy.
28 August 2024, 18:00 PM
Korean EPZ: A modern facility draped in greenery
Our journey to the Korean Export Processing Zone (KEPZ), an eco-friendly industrial area in Chattogram, began on a sunny morning.
16 August 2024, 18:00 PM
Exports actually fell in July-May
Bangladesh’s exports declined 4.28 percent year-on-year in July-May of 2023-24, said the central bank yesterday after correcting the shipment data published by the Export Promotion Bureau (EPB) earlier.
11 July 2024, 18:00 PM
Annual inflation hits 12-year high despite easing in June
The annual average price spike in Bangladesh surged to its highest level in 12 years in the just-concluded fiscal year despite easing in June, reflecting the persistent erosion of real income and the deterioration of the living standards of low-income groups.
7 July 2024, 18:00 PM
BB finds six types of wrongdoing in export data
The central bank discovered six types of statistical wrongdoing that inflated export data, a development that led to a multibillion-dollar correction.
5 July 2024, 18:00 PM
Two S Alam firms evaded Tk 3,500cr in VAT: NBR
S Alam Vegetable Oil Ltd and S Alam Super Edible Oil Ltd have unpaid value added tax (VAT) and consequent penalty worth over Tk 7,000 crore, as they allegedly evaded VAT through various means, including by presenting lower purchase and sales data in VAT returns between 2019 and 2022, according to an audit by the NBR’s VAT wing.
30 June 2024, 18:00 PM