Sukanta Halder

Some traders in Dhaka today said the price of rawhides on Eid-ul-Azha this year was lower than the price fixed by the Ministry of Commerce

Bangladesh’s two-decade-long quest to put in place a system that can process 100 per cent of rawhides generated during Eid-ul-Azha continues owing to the lower-than-required capacity of the Savar Tannery Industrial Estate (STIE).

Financing to small and medium enterprises (SMEs) is increasing, enabling many firms to access the much-needed capital to expand their businesses and accelerate the growth of the country’s economy.

Traders at the Bangabazar Shopping Complex, one of the largest clothing retail and wholesale hubs in Bangladesh, are typically busy buying and selling products ahead of Eid-ul-Azha each year.

Sugar prices have gone up at both wholesale and retail markets in Dhaka and Chattogram in a span of a week owing to tight supply and millers’ call for adjusting the price in line with rising global rates. 

Bangladesh’s export earnings from mango have jumped this year as local growers are supplying an improved quality of the popular fruit through both private and public initiatives.

This recovery brought hope to entrepreneurs related to the local tourism industry, which suffered huge losses due to the coronavirus outbreak

Global commodity prices are falling.

About 45 per cent of life insurance policyholders in Bangladesh don’t pay premiums after the first year owing to a number of factors, including purchasing of higher value plans compared to their affordability and agents’ tendency to not provide all key information to potential customers, said the top regulator. 

The Insurance Development and Regulatory Authority (Idra) has appointed four of its officials as observers at four life insurance companies for their failure to protect the interests of policyholders.

Onion prices witnessed a sharp fall in different parts of Bangladesh yesterday, a day after the government gave the go-ahead to import the vegetable from India.

The prices of onion fell by at least Tk 10 to Tk 15 per kilogramme (kg) in Dhaka's retail markets today, a day after the government allowed import of the cooking ingredient from India.

The government yesterday announced that it would allow onion imports to reduce the suffering of lower-income groups amid ongoing inflationary pressure, according to an official of the agriculture ministry.

Sugar prices have risen at the wholesale level amid speculations that import costs could go up seeing how the National Board of Revenue (NBR) has not extended duty benefits for importing the sweetener.

There was a time not so long ago when Bangladesh Film Development Corporation was abuzz with various activities -- from shooting films to dubbing and editing.

There is no new incentive for local industry development in the proposed fiscal budget

He also proposed keeping the duty in force until June 30 of 2025.

Now several companies, including Matador, Olympics, Econo, RFL Group and Meghna Group of Industries, manufacture pens in Bangladesh.

The prices of face wash items are likely to be increased as the government has proposed increasing tax on face cleansers in the national budget for 2023-24 fiscal year.

Finance Minister AHM Mustafa Kamal today proposed imposing 15 per cent customs duty on cashew nuts and 25 per cent on both fresh and dried dates.