A fillip to ‘Made in Bangladesh’
The government plans to extend VAT exemption and offer tax holiday to all export-oriented goods and services in order to create new export sectors, diversify goods and explore new markets.
9 June 2022, 18:00 PM
Edible oil price shock continues
The government yesterday increased the price of soybean oil by Tk 5 to Tk 7 per litre, dashing the hopes of the edible oil market in Bangladesh cooling off anytime soon.
9 June 2022, 18:00 PM
VAT exemption, tax holiday offered to promote ‘Made in Bangladesh’ brand
The move aims at making ‘Made in Bangladesh’ a global brand.
9 June 2022, 13:47 PM
Hazardous goods: Fire scare grips Ctg port
Panic spread among officials at the Chattogram Port when smoke began billowing from an acid-loaded container on Tuesday, around three days after the BM container depot fire and explosion.
9 June 2022, 03:30 AM
Handling chemicals: The depot didn’t follow rules
Mandatory safety measures like storing chemicals on a separate part of the premises with caution signs were not followed at BM Container Depot.
6 June 2022, 02:30 AM
Edible oil: Prices drop in global markets, not at home
Even though prices of loose palm and soybean oil have dropped in wholesale markets, consumers are not being able to reap the benefits as retailers are still selling those at the government-fixed prices.
5 June 2022, 02:00 AM
Fresh blow for consumers as powdered milk prices rise
Powdered milk prices have increased by Tk 50 to Tk 80 per kilogramme (kg) as rising transportation charges and the growing value of US dollars pushed up costs in the international market.
2 June 2022, 05:30 AM
NBR’s struggle to collect VAT from retails continuing for years
On April 5, the revenue authorities held a draw of the lottery of sales receipts issued by the stores using electronic fiscal devices (EFDs).
31 May 2022, 07:30 AM
Accelerate use of EFDs, ramp up monitoring
The National Board of Revenue should accelerate the use of electronic fiscal devices (EFDs) and ramp up monitoring to eliminate non-compliance with a view to raising more value-added taxes using technologies, said former top taxmen and economists.
31 May 2022, 07:00 AM
The tale of a forgotten musician
He was an 18-year-old singer-songwriter in the eighties.
27 May 2022, 05:00 AM
Customs to auction off 108 cars
Customs authorities are planning to auction off on June 23 a total of 108 cars, including ones of luxury brands BMW, Land Rover, Mitsubishi, Mercedes-Benz and Lexus, brought to the Chattogram port around a decade ago duty-free under a UN convention.
26 May 2022, 18:00 PM
Now comes sugar price shock
Consumers are already bearing the brunt of the high prices of edible oil, wheat and rice for the Russia-Ukraine war and unfavourable weather conditions on the domestic front.
26 May 2022, 04:30 AM
Palm oil: Local prices fall as Indonesia lifts ban on exports
Palm oil prices in domestic wholesale and retail markets have started cooling off after Indonesia announced that it would resume exports of the product.
24 May 2022, 04:00 AM
Curbing price manipulation: Mechanism there for 11 yrs but not in use
More than 11 years ago, the government issued an order for the trade of essential commodities, aimed at controlling their prices and curbing price manipulation by unscrupulous businesses through hoarding and other unfair means.
24 May 2022, 02:00 AM
Edible oil price shock may soften as Indonesia resumes export
Indonesia, the world’s biggest supplier of edible oils, has decided to lift the ban on palm oil exports, a development that is expected to bring much-needed relief to the consumers in Bangladesh struggling to afford the cooking oil because of skyrocketing prices.
20 May 2022, 03:00 AM
More costs, more time, more troubles
Costs and deadlines of four ongoing projects to mitigate the waterlogging issue in Chattogram -- worth Tk 11,000 crore -- have been extended multiple times. However, the sufferings of the port city dwellers have increased with them.
17 May 2022, 18:00 PM
Soybean oil: Many stores still face supply crunch
After the new prices came into effect, edible oil companies started supplying bottled, loose soybean and palm oil through distributors from Saturday.
8 May 2022, 18:00 PM
Record hike in soybean oil prices
Edible oil prices see the biggest increase in Bangladesh’s history as the government moves to put an end to the unprecedented crunch of the essential cooking item.
5 May 2022, 18:00 PM
Fresh notes, a hot Eid commodity
Every year before Eid, fresh currency notes become a hot commodity. Though the sale of currency notes is illegal, buyers and sellers have been busy bargaining over fresh notes in New Market and Kotwali areas of the port city.
29 April 2022, 18:00 PM
Edible oil: Supply crunch worsens crisis
The retail prices of non-bottled and bottled soybean and palm oil have gone up by Tk 10-15 per litre overnight due to a supply crunch in the aftermath of Indonesia’s export ban on crude and refined palm oil imposed on Wednesday.
28 April 2022, 18:00 PM