Bottled edible oil supplies inadequate
The interim government has reduced taxes and duties on soybean and palm oil to lower prices amid high inflation but this has not helped raise imports. Instead, there is a shortage of bottled edible oil in the markets.
5 December 2024, 18:00 PM
People continue to abandon life insurance policies amid economic hardship
Life insurers in Bangladesh saw some 3.47 lakh policies discontinued in the January-September period this year amid worsening financial health of clients, political changeover and repeated flooding devastating lives and livelihoods in vast areas of the country.
30 November 2024, 18:00 PM
Potato cultivation expands as prices rise
Potato cultivation has increased across Bangladesh as farmers have been getting higher prices year-round amid elevated inflation in the country.
27 November 2024, 18:00 PM
Hunt for OMS food grows desperate
In the bustling area of Mirpur-10 in the capital, over 300 people gathered early Monday morning, hoping to buy subsidised essentialsthat serve as a lifeline for low-income families.
21 November 2024, 00:00 AM
277 firms allowed to import 14.81 lakh tonnes of rice
The interim government of Bangladesh has allowed 277 private entities to import 14.81 lakh tonnes of rice as it looks to contain domestic prices of the staple grain by increasing stocks..Of the total, 10.65 lakh tonnes will be boiled rice while the rest will be sunned rice, according to do
20 November 2024, 18:14 PM
SMEs bear the full brunt of financial hardship
Small and medium enterprises (SMEs) in Bangladesh are struggling due to political uncertainty, high inflation and rising interest rates on bank loans, according to entrepreneurs.
17 November 2024, 18:00 PM
Food prices stubbornly high despite govt measures
When prices of widely consumed staples like potatoes, edible oil, sugar or onions spike and remain inflated for extended periods, it understandably hits the poor and low-income people where it hurts the most: in their wallet.
14 November 2024, 18:00 PM
Competitive prices lift tea exports to seven-year high
Bangladesh’s tea exports have hit the highest mark in the last seven years as competitive pricing provided an edge over major exporters like India and Sri Lanka.
9 November 2024, 18:00 PM
Life insurers mired in irregularities
One-fourth of the life insurance firms in the country are plagued with financial irregularities and mismanagement that have put the entire industry in danger.
8 November 2024, 19:41 PM
Potato prices jump as supplies shrink
Consumers in Bangladesh have been paying more for potatoes over the past week, with supplies of the tuber harvested in the previous season running low as the new season approaches..Additionally, the high profiteering tendency among a section of people in the supply chain is dealing a furth
5 November 2024, 18:00 PM
AL govt put finance adviser, BB governor in legal trouble
The immediate past Awami League government’s failure to settle an international arbitration claim has left Bangladesh in a legal tangle in the US, leading to a surprise judicial order against two top officials of the interim government during their official visit to Washington last week.
29 October 2024, 18:20 PM
BTTC wants duty free rice imports
The Bangladesh Trade and Tariff Commission (BTTC) has requested the government to temporarily withdraw import duty on rice to increase the supply and, in turn, contain the price of this staple food in the local markets.
29 October 2024, 18:00 PM
Onion price rises on supply crunch
Onion prices at retail markets in Dhaka rose by Tk 10 to Tk 15 per kg over the past week, deepening the woes of low and fixed-income people
26 October 2024, 15:09 PM
Traders reluctant to import rice despite tariff cuts
Rice traders in Bangladesh are less interested in importing the grain despite the recent slash in related tariffs as they do not believe there is enough of a profit margin because of high prices on the international market.
24 October 2024, 18:00 PM
SMEs hit hard by August floods need govt assistance to survive
Most SMEs lost all of their belongings and now seek government assistance
23 October 2024, 12:33 PM
Half of banks’ CSR spending went to disaster management
Of their total corporate social responsibility (CSR) expenditure, banks spent 45 percent on disaster management violating rules in the first half of 2024, with bankers saying it mainly went to various funds maintained by the Prime Minister’s Office before the political changeover on August 5.
21 October 2024, 18:00 PM
Restaurants face sluggish sales as diners tighten belt
When Sheuly Akhter and her friend entered a branch of Star Kabab in Dhanmondi on Thursday last week, marking their return to the establishment for the first time in nearly four months, they were surprised by the lack of customers.
20 October 2024, 18:00 PM
Egg supplies take a hit
The Tejgaon Egg Merchants’ Association, which delivers about 15 percent of the daily supply of 1 crore eggs in the capital, stopped sales from Sunday night claiming it was to avoid harassment by the government authorities.
14 October 2024, 18:06 PM
Puja brings little cheer to sweet shops
Sweets makers in Dhaka have found little reason to cheer during the ongoing Durga Puja festivities as chain stores reported that sales have not grown due to security concerns weighing on the minds of devotees.
12 October 2024, 18:00 PM
Of Hilsa and its hunters
On the corner of a crowded and noisy floor, a bespectacled man was calling out bids for a basket of Hilsa fish. He repeated the prices quoted by traders in a loud, rhythmic tone: “1,400-1,420-1,450…”
11 October 2024, 18:00 PM