Rice bran oil makers cut production for export ban

Most rice bran oil industries in Bangladesh have either cut or stopped production since the government slapped an export ban a month ago as the edible oil variety does not have a large consumer base locally.
20 June 2022, 05:00 AM

Govt missed opportunity to contain inflation: experts

The government missed an opportunity to contain inflationary pressure by leaving the tax and other duties levied on most essential products unchanged in the proposed national budget for fiscal year 2022-23, according to various economists and business leaders.
20 June 2022, 04:30 AM

Floods wash away Tk 140cr fish in Sylhet

The current flooding in Sylhet has caused losses of more than Tk 140 crore for the local aquaculture industry, with farmers in Sunamganj district being the worst affected, according to a preliminary estimate by the Department of Fisheries (DoF).
20 June 2022, 04:00 AM

Budget failed middle class

The proposed national budget has not safeguarded the country’s middle class, which is facing a three-pronged challenge of a discriminatory domestic economy, spiralling product prices in international markets and ongoing floods, said economist Debapriya Bhattacharya yesterday.  
20 June 2022, 03:30 AM

Inflation rockets to eight-year high

Inflation surged to an eight-year high of 7.42 per cent in May, driven by a hike in food costs, underscoring the plight a majority of the population in Bangladesh is currently experiencing, official figures showed yesterday.  
20 June 2022, 03:00 AM

Tax reduction to discourage cash transactions

The 2.5 percentage points corporate tax rate cut will encourage firms in Bangladesh to move away from cash transactions, said Naser Ezaz Bijoy, president of the Foreign Investors’ Chamber of Commerce & Industry (FICCI).
19 June 2022, 04:30 AM

Laundered money: Tk 1,294cr confiscated since FY17

The Bangladesh Financial Intelligence Unit (BFIU) has confiscated Tk 1,294 crore from money launderers since the fiscal year of 2016-17 as per court orders, said the agency yesterday.
19 June 2022, 03:30 AM

Continue amnesty for black money in housing

Realtors yesterday demanded the continuation of unquestioned amnesty for using black money to buy property even though holders of undisclosed income showed little interest to legalise their assets through such investments in the outgoing fiscal year.
19 June 2022, 03:00 AM

Trade bodies oppose 8pm shop closure move

Top business leaders yesterday urged the government to postpone its decision to close stores, shopping malls, markets and kitchen markets after 8:00pm until Eid-ul-Azha since an early closure will deal a blow to their sales.
18 June 2022, 18:00 PM

Fruit bags promise high quality mangoes

The special method of growing mangoes inside multi-layered bags with wax on the outer surface may not pose any potential health hazards for end consumers, but the additional cost makes the fruit costlier, according to market players.
17 June 2022, 09:00 AM

Is the devil outside or inside the organisation?

In my last job during the time between 2014 and 2016, the company performance was well below the mark, with 2016 being a serious disaster.
17 June 2022, 04:30 AM

NBR toughens rules to raise collection

From the next fiscal year, government agencies, implementing authorities of various publicly funded projects and corporate entities will come under greater scrutiny of taxmen as the National Board of Revenue has toughened rules to plug scope of avoidance regarding withholding tax deductions and payments. 
17 June 2022, 04:00 AM

Relaxed policy extended for NBFI defaulters

Defaulters of non-bank financial institutions (NBFIs) will get two months more to reschedule their bad debts under a relaxed loan classification policy, according to a notice issued by Bangladesh Bank yesterday.
16 June 2022, 18:00 PM

Budget gives no comfort to poor, jobless

The proposed budget for the fiscal year of 2022-23 has failed to give comfort to the poor, jobless and lower-income groups, said economists, politicians, entrepreneurs and senior officials of non-government organisations (NGOs) yesterday.
16 June 2022, 18:00 PM

Cattle traders expect good business this Eid-ul-Azha

The alarming Covid-19 situation had badly hampered the sacrificial animal market for Eid-ul-Azha in the last couple of years but cattle farmers are anticipating good business this time around as the situation has greatly improved.
16 June 2022, 05:30 AM

Can Bangladesh transform insurance using tech?

Bangladesh, which has one of the lowest insurance penetrations in the world, is missing out on tapping the potential of the insurance sector using technologies for a lack of recognition of insurtech by regulators, said experts and industry people yesterday.
16 June 2022, 04:00 AM

e-CAB members to vote after 7yrs

Seven years past its formation, the e-Commerce Association of Bangladesh (e-CAB) is on way to let its 795 voters elect its executive council for the first time.  
16 June 2022, 03:30 AM

SME suppliers’ platform set up for women entrepreneurs

The SMEF Suppliers Platform for Women Entrepreneurs has been created in collaboration with the World Bank and SME Foundation to support the sale of products produced by women entrepreneurs to corporate houses in Bangladesh.
16 June 2022, 02:30 AM

WTO confce extended by a day

The ongoing meeting of the World Trade Organisation (WTO) has been extended by one day as countries could not reach a consensus on various issues under discussion within the stipulated time.
15 June 2022, 18:00 PM

Remittance inflow started returning to pre-Covid state: PM

Prime Minister Sheikh Hasina today told the parliament that the remittance inflow to the country has started to return to the normal trend as it was in pre-Covid times.
15 June 2022, 13:19 PM