Sugar’s duty cut yet to bring any benefit to retail market
Consumers in Bangladesh are still paying higher prices for sugar although a week has passed since the National Board of Revenue (NBR) removed the import duty on both raw and refined sweetener.
5 March 2023, 03:30 AM
6 killed as blast rips thru oxygen plant
Six people were killed and at least 30 others injured in an explosion at an industrial oxygen plant in Sitakunda, Chattogram, yesterday afternoon.
4 March 2023, 21:00 PM
Chemical, combustible exports halted once again
The export of chemical and combustible products from Bangladesh has been halted once again as the only depot designated by the Chattogram customs authority to handle dangerous goods has failed to maintain the minimum safety standards.
19 February 2023, 03:30 AM
Only 3.6% SME stimulus loans provided in Ctg
Small-scale enterprises of Chattogram are facing a crisis of capital in operating their business while banks have disbursed only 3.6 per cent of the loans allotted under a government stimulus package for cottage, micro, small and medium enterprises.
17 February 2023, 02:20 AM
Imports thru Ctg port fall as expenditures rise
Imports through Chattogram port fell 2.5 per cent year-on-year in the first six months of the current fiscal as rising US dollar prices pushed up the overall costs involved, according to traders.
7 February 2023, 03:00 AM
Ramadan items already costlier
The price of the most-consumed items during Ramadan such as chickpeas, dried peas and dates has increased in the wholesale markets in Dhaka and Chattogram due to a supply shortage, two months before the fasting month begins.
26 January 2023, 02:30 AM
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