No visible step from BB to ease importers’ woes
The Bangladesh Bank is yet to take any visible measure in line with a commerce ministry directive aimed at asking banks to earmark a portion of their foreign currency holdings to open letters of credit to import essentials ahead of Ramadan.
19 January 2023, 02:00 AM
20 goods account for 51pc of total import spending
Of all the money spent behind the 4,500 types of goods imported through the Chattogram port in the first five months of fiscal year 2022-23, more than 51 per cent or Tk 104,600 crore was spent for only 20 products.
8 January 2023, 04:00 AM
Ctg port halts release of late Sajeda Chy’s imported car
The National Board of Revenue appears to be in a dilemma over releasing an imported luxury car under the duty-free facility in the name of the former leader of the House Syeda Sajeda Chowdhury.
5 January 2023, 18:00 PM
Imports of key essentials drop for dollar crunch
The import of essentials such as edible oil, chickpeas, dried peas and sugar fell in July-November as traders face difficulties in opening letters of credit (LCs) to purchase the items from international markets amid the US dollar shortage.
4 January 2023, 02:00 AM
Standard Asiatic Oil corruption: Eight employees siphon out Tk 21.64cr
Eight officials of Standard Asiatic Oil (SAOCL), a subsidiary of the Bangladesh Petroleum Corporation, have embezzled Tk 21.64 crore by showing advance cost and fake bill vouchers, found investigations by the Directorate of Power and Energy Audit and BPC.
20 December 2022, 01:00 AM
Bepza moves to stop use of fake import permits
Bangladesh Export Processing Zones Authority (Bepza) has taken a number of steps, including connecting to customs management software, to prevent the use of fake import permits following the detection of such malpractices this year.
15 December 2022, 02:30 AM
NBR Server Breach: Safeguards not working
At least three import consignments were released without inspection from the Chattogram Port using the login credentials of a top customs official in June-July despite the recent measures taken to thwart such cons that cost the state coffer in unpaid duties and taxes.
13 December 2022, 01:00 AM
DDT disposal starts finally
Finally, about 500 tonnes of DDT pesticide, which is extremely harmful to the environment, will be shipped to France to properly dispose of the substance.
29 November 2022, 18:00 PM
Another dream coming true
The construction of the country’s first under-river tunnel has reached a major milestone after the completion of a tube, a success Bangladesh Bridge Authority will celebrate today with Prime Minister Sheikh Hasina joining the programme virtually.
26 November 2022, 01:20 AM
Ctg customs demand Tk 5,227cr from Petrobangla in unpaid duties
The Chattogram Customs House has demanded Tk 5,227 crore as unpaid duties from Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) against 89 consignments of liquefied natural gas (LNG).
20 November 2022, 03:00 AM
Bangabandhu Sheikh Mujib Shilpa Nagar
The coast of Mirsharai, an upazila in the southeast division of Chattogram, wakes up in the morning to the sounds of under-construction factories, and machines of several newly-built plants on a vast part of the region.
19 November 2022, 18:00 PM
Fresh strain on consumers
Consumers suffered a fresh blow yesterday as commodity processors raised the prices of edible oil and sugar by up to Tk 13 per kg.
18 November 2022, 02:30 AM
Import of cement raw materials goes up despite dollar shortage
The import of raw materials used in manufacturing cement rose 17 per cent year-on-year in the July-October period of the current financial year of 2022-23 despite the US dollar crunch.
15 November 2022, 03:15 AM
Sugar prices hit record high
Sugar prices have started rising afresh to hit a record high of as much as Tk 125 per kilogramme at retail in the two main cities of Bangladesh, namely Dhaka and Chattogram, further straining the wallets of consumers as inflation continues to bite.
10 November 2022, 03:00 AM
A BPC concern robs state coffers of Tk 472.7cr
The government has been deprived of Tk 472.7 crore for 21 counts of irregularities by Standard Asiatic Oil Company, a subsidiary of the Bangladesh Petroleum Corporation, found an audit.
4 November 2022, 02:00 AM
Fresh blow to consumers as wheat flour prices jump
The price of wheat flour has increased in retail markets due to a decrease in imports and rise in international market prices, dealing a fresh blow to the people who are already struggling to make their ends meet.
1 November 2022, 03:10 AM
Customs approves sale of 71 luxury cars
Chattogram Custom House has approved the handover of 71 luxury cars to the highest bidders at an auction for a total of just Tk 12.53 crore even though the vehicles have a combined market value of Tk 114 crore.
25 October 2022, 05:00 AM
Seven reasons behind the sugar crisis
The Directorate of National Consumers Right Protection has identified seven reasons behind the price hike and shortage of sugar, including gas crisis, not mentioning price in sales invoices and complications in opening letters of credit.
25 October 2022, 02:30 AM
Gas crisis blamed for high price of sugar
Sugar has become dearer with prices going up by Tk 15 a kg at retail markets as millers cut supplies blaming insufficient gas flow at refineries.
24 October 2022, 02:20 AM
Supply crunch fuels sugar price
Sugar prices have increased again in Dhaka and Chattogram amid a supply crunch.
22 October 2022, 02:15 AM