Tea production falls in 2020 but overshoots target
Tea production in Bangladesh dropped 10.01 per cent year-on-year in 2020 because of adverse weather.
21 January 2021, 18:00 PM
Export-import cost rises as sea freight rate trebles
Both import and export costs have risen after the sea freight rate trebled in two months because of an acute shortage of empty containers and a rise in demand on the Asia-Europe and transpacific routes.
14 January 2021, 18:00 PM
Govt approves import of 50,000 tonnes of wheat
The cabinet committee on government purchase yesterday approved a proposal to import 50,000 tonnes of wheat.
13 January 2021, 18:00 PM
Money whitening scope does more harm than good
The government in June last year granted a blanket immunity for whitening black money in a bid to bring them into the mainstream economy and generate more revenues and jobs.
7 January 2021, 18:00 PM
Amnesty for realtors behind money whitening binge
Finance Minister AHM Mustafa Kamal yesterday said that black money whitening has increased in the country as the government has given the scope to invest untaxed income in the housing sector.
6 January 2021, 18:00 PM
Dragging on for a decade
A project on the construction of Chattogram City Outer Ring Road -- that was taken around ten years back in 2011 with four-year completion period -- is yet to be completed.
4 January 2021, 18:00 PM
Ship collisions recurring at outer anchorage
Incidents of ships colliding and running aground at the Chattogram port’s outer anchorage are alarmingly recurring, which officials and customers apprehend could tarnish the image of Bangladesh’s premier harbour in global shipping business.
3 January 2021, 18:00 PM
Budget to see major cuts as earnings, spending drop
The government is likely to downsize its income and expenditure targets in the revised budget because of lower revenue growth, slower implementation of development programmes and a fall in spending due to the pandemic.
3 January 2021, 18:00 PM
Cox’s Bazar Runway Expansion: Cabinet okays company appointment
A joint venture company that includes China Civil Engineering Construction Corporation (CCECC) has been awarded the Cox’s Bazar airport runway expansion work for Tk 1,568.86 crore.
30 December 2020, 18:00 PM
Govt to ship 50,000 tonnes of urea to Nepal
Bangladesh is set to send 50,000 tonnes of its imported urea fertiliser to Nepal at the import price to help the landlocked country, which failed to purchase the organic compound on time due to the Covid-19 outbreak.
23 December 2020, 18:00 PM
Import, export cost goes up as freight rates rise
Freight charges have risen in the last few weeks due to the adverse effects of Covid-19 on the global shipping sector, pushing the cost for importers and exporters in Bangladesh, industry people said.
13 December 2020, 18:00 PM
Rent goes up for Ctg-hub ports container transport
Feeder vessel operators have imposed a surcharge on carrying containers between Chattogram and hub ports, saying severe congestion at the hubs is resulting in overstays and an increase in operational costs.
28 November 2020, 18:00 PM
Cargo handling at Ctg port rises to seven-month high as import picks up
Bangladesh’s global trade pulled itself out of the debris left in the wake of the coronavirus pandemic aided domestic consumption, taking the volume of cargoes handled by the Chattogram port in October to a seven-month high.
22 November 2020, 18:00 PM
Steel sector in need of policy support
Bangladesh’s steel sector needs business friendly policy support from the government in order to overcome the Covid-19 fallouts, according to Aameir Alihussain, managing director of BSRM, a leading steel manufacturer.
31 October 2020, 18:00 PM
Lighter Vessel Strike: Importers stare at huge losses
Businesses are counting massive losses as almost 22 lakh tonnes of goods have been waiting to be unloaded for two days at sea and river ports across the country.
21 October 2020, 18:00 PM
Hassle-free disbursement of stimulus funds key to economic recovery
Funds from the government’s stimulus packages need to be effectively disbursed in a hassle-free manner to help local businesses recover from the Covid-19 fallout as soon as possible, said Mahbubul Alam, president of the Chittagong Chamber of Commerce and Industry (CCCI).
20 October 2020, 18:00 PM
Water transport workers go on strike
Unloading of imported bulk cargo from cargo vessels at the outer anchorage of the Chattogram port remained suspended since the early hours of yesterday as water transport workers enforced countrywide indefinite work abstention to press home their 11-point demand.
20 October 2020, 18:00 PM
Feeder operators oppose provision of flag vessel law
The mandatory provision for obtaining waiver certificates 15 days before loading any cargo as per the Flag Vessel (protection) Act 2019 has caused trouble for foreign container feeder vessels at Chattogram port.
14 October 2020, 18:00 PM
Unloading at Ctg port resumes after 3 days’ inclement weather
Relative normalcy returned to the Chattogram port yesterday after three days of disruptions to unloading of import shipments from cargo vessels berthed at the outer anchorage for rough seas and heavy rain.
23 September 2020, 18:00 PM
Onion OMS soon to tame prices
The commerce ministry has once again decided to go for open market sales (OMS) of onion in Dhaka to tame the kitchen staple’s spiralling prices.
7 September 2020, 18:00 PM