Increased mustard oil production: A solution to edible oil crisis

There is a huge hue and cry about the recent unprecedented price hike of soybean oil.
20 May 2022, 05:00 AM

Profit growth of listed pharmaceutical companies slows

The pace of profit growth of pharmaceutical companies in Bangladesh slowed in the January-March period of the current financial year compared to a year ago because of higher operating costs despite bigger sales.
20 May 2022, 04:00 AM

Punishing millers would have backfired

The government knew who were responsible for the recent acute shortage of soybean oil but did not enforce the law as it would have made the situation even more volatile, said the chief of the consumer rights body yesterday.
20 May 2022, 03:30 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

Second direct shipping service kicks off today

The second direct container shipping service from the country’s premier sea port in Chattogram to Europe is going to be introduced today.
19 May 2022, 18:00 PM

Garment workers’ purchasing power wears away: Sanem

The rising cost of living is eroding the purchasing power of garment workers even though most of them work overtime in order to make ends meet, according to the findings of a study released yesterday.
19 May 2022, 18:00 PM

Minimum price of tea leaves set for northern region

The minimum price for raw tea leaves grown in Panchagarh was fixed at Tk 18 per kilogramme (kg) on Wednesday following recent demonstrations by local farmers demanding a fair value for their produce.
19 May 2022, 18:00 PM

Job postings online skyrocketing

Online job postings have continued to be made in large numbers in the past eight months since September last year, sometimes even surpassing pre-pandemic levels, seeking manpower in garments, marketing, IT and logistics as fears over the virus subsided.
19 May 2022, 03:30 AM

Rising costs derail economic recovery of poor

When his children ask Russel Shaikh why there is no meat and even fish in their meals, he has no answer. This is because he simply has no choice as soaring prices of essential commodities and the rising cost of living have hit hard the pockets of the low-income people like him.
19 May 2022, 02:30 AM

Inflation in April 6.29%, highest in 18 months

Inflation shot up to 6.29 percent in April – highest in 18 months – amid persistently high food prices and non-food prices, said Bangladesh Bureau of Statistics (BBS) last evening (May 18, 2022).
18 May 2022, 18:06 PM

Proposal for hiking gas prices illogical: BTMA

The Bangladesh Textiles Mills Association (BTMA) has urged the government to withdraw the recent proposal for increasing the price of gas.
18 May 2022, 18:00 PM

Document verification system to curb fake reporting

The National Board of Revenue (NBR) and Institute of Chartered Accountants of Bangladesh (ICAB) had teamed up on November 12, 2020, to curb the scope for submitting fake audited financial statements.
18 May 2022, 18:00 PM

JS budget session to begin on June 5

The 18th session which is also the budget session of the 11th parliament will begin on June 5.
18 May 2022, 12:32 PM

Milk prices rise but farmers see little benefit

Although processed milk prices are rising at the retail level, farmers are yet to see any benefit as there is no sign of an increase on their end.
18 May 2022, 05:00 AM

One-fourth of proposed ADP budget goes to 10 mega projects

The government yesterday allocated more than one-fourth of the total development budget for the fiscal year of 2022-23 to 10 mega projects on the fast-track list with a view to accelerating their completion.
18 May 2022, 04:00 AM

Global clothing retailers turning to Bangladeshi fabrics

Major international clothing retailers and brands are increasing their reliance on the fabrics made in Bangladesh to produce apparel items, owing mainly to shorten lead time and cut the shipping costs that have gone through the roof.
18 May 2022, 03:30 AM

‘Pau-Pau’ foodpanda’s brand ambassador

Online food and grocery delivery platform foodpanda yesterday introduced a mascot as its brand ambassador.
17 May 2022, 18:00 PM

Allowing individuals hide finances: Bangladesh moves up in Financial Secrecy Index

Bangladesh has moved two notches up to rank 52nd among 141 nations in the Financial Secrecy Index 2022, meaning the country has become even more secretive in helping individuals to hide their finances from the rule of law, according to the Tax Justice Network (TJN).
17 May 2022, 18:00 PM

Bangladesh Economy: What got you here won’t get you there

Over the years, Bangladesh has achieved considerable economic progress despite many odds. The economy, however, has now reached a point where continued progress will require course corrections, as alluded by the title of this write up, which is also the subtitle of a bestselling business book.
17 May 2022, 06:25 AM

Raise per capita safety net allowance in budget, an economist urges

The government should increase per capita allowance under its social safety net programmes (SSNPs), particularly for the elderly, widows, disabled and marginalised women, considering the high-level food inflation and the rising cost of living, said an economist.
17 May 2022, 04:00 AM