Tea growers worried over low prices

Tea growers of Panchagarh yesterday staged a demonstration at Sher-e-Bangla intersection of the Panchagarh-Dhaka highway, demanding a fair price for raw tea leaves in the ongoing harvesting season.
17 May 2022, 03:30 AM

Taka suffers steepest fall in a decade

The taka yesterday lost 0.91 per cent in value against US dollars, the sharpest single-day fall in the past one decade, amid the falling supply of the American greenback against surging demand to settle import bills.
17 May 2022, 02:30 AM

Drive was not to harass traders: Munshi

A recent drive by the Directorate of National Consumer Rights Protection (DNCRP) was not aimed at harassing edible oil traders, rather it was about finding out why the key cooking ingredient has seemingly disappeared from local markets, according to Commerce Minister Tipu Munshi.
16 May 2022, 18:00 PM

No foreign trips for officials of autonomous, semi-govt orgs, state banks

After government officials, employees of autonomous, state-owned, semi-government organisations and state-owned banks and financial institutions cannot go on overseas trips.
16 May 2022, 11:14 AM

Remittance may look up: Outward flow of migrant workers hits 4-year high

Nearly 8 lakh migrant workers went abroad in the first 10 months of the current fiscal year, comfortably exceeding the numbers a year ago, a development that bodes well for Bangladesh as it could pave the way for higher remittance earnings.
16 May 2022, 05:00 AM

Most listed power companies’ profits down

Profits of listed fuel and power generation companies altogether dropped in the January-March period of the current financial year of 2021-22 due to some power plants shutting down, an increase in the price of raw materials and a decrease in investment income.
16 May 2022, 04:00 AM

Puzzling low tax-GDP ratio

While official data portrays the burgeoning growth of Bangladesh’s economy, tax collection relative to the gross domestic product (GDP), a measure of the size of the economy, shows an almost opposite trend.
16 May 2022, 03:30 AM

Macroeconomic stability should be main focus: analysts

The focus of the national budget for fiscal year 2022-23 should be to ensure macroeconomic stability, reduce inflation and increase employment in the country, according to various experts.
15 May 2022, 18:00 PM

Sea bass farming to help diversify exports: experts

Bangladesh should focus on increasing the cultivation of certain varieties of sea bass, such as Koral and Vetki, in order to expand the country’s export basket, according to experts.
15 May 2022, 18:00 PM

More youths needed in ad industry

Mediacom has carved out a niche in the Bangladesh advertising industry with their standard and quality work. Ajoy Kumar Kundu, chief operating officer of Mediacom, recently shared the company’s success story in an exclusive interview with The Daily Star’s Md Abu Talha Sarker.
15 May 2022, 18:00 PM

Soybean import to rise 7.7pc

Bangladesh’s soybean import is projected to rise by 7.7 per cent year-on-year to 28 lakh tonnes in 2022-23 marketing year beginning from October, according to the United States Department of Agriculture (USDA).
15 May 2022, 18:00 PM

Farmers not showing interest to sell wheat to the state at lower price

The government is struggling to fulfil the target of wheat procurement from the domestic market this season as growers are not showing interest to sell the food grain to the state at a lower price.
15 May 2022, 05:30 AM

Pressure on foreign exchange market likely to continue

The current inflationary pressures are attributable largely to the rise in international commodity prices and the exchange rate depreciation, albeit to a relatively smaller extent. The latest data from the Bangladesh Bureau of Statistics show there was a spike in domestic consumption demand as well.
15 May 2022, 05:00 AM

Time running out to devalue taka sharply

Bangladesh has so far resisted calls for a major devaluation of its currency despite runaway imports amid higher food, energy and raw materials prices globally.
15 May 2022, 02:30 AM

Int’l fashion convention in Dhaka in Nov

The 37th IAF World Fashion Convention will be held in Dhaka in November this year.
14 May 2022, 18:00 PM

Soaring global inflation to erode apparel demand

Apparel manufacturers yesterday expressed concerns over an alarming rise in global inflation, citing that increasing prices may affect the purchasing power of end-consumers in export destinations and cause demand for garment items to fall.
14 May 2022, 18:00 PM

ADB to prioritise assistance for Bangladesh's LDC graduation

The Asian Development Bank (ADB) will prioritise its assistance to Bangladesh for graduation from LDC, climate change and sustainable development goals.
13 May 2022, 13:44 PM

Happy marriage between management and accountants

A man piloting a hot air balloon discovers that he is hopelessly lost. He descends to a lower altitude and locates a man on the ground and shouts, “excuse me sir, can you tell me where I am?” The man below says, “yes, you are in a hot air balloon, about twenty feet above ground.”
13 May 2022, 04:30 AM

Renewed threats for economy as global recession looms

At the beginning of 2022, Bangladesh’s economy seemed to be on course to grow at a faster clip buoyed by plummeting coronavirus infections, rebound in economic activities and the reopening of global economies.
13 May 2022, 02:30 AM

NBFI board chiefs can’t hold post in subsidiary

The Bangladesh Bank yesterday barred the chairman of any non-bank financial institution (NBFI) along with the heads of executive, audit and risk management committees from holding any post of its subsidiary or foundation.
12 May 2022, 18:00 PM