The jute industry in Rangpur is facing collapse as four small mills in the region have shut down while others may follow suit at any time after being compelled to shrink production due to multiple issues.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is expected to propose making it compulsory for people to submit their tax identification number (TIN) and tax payment documents for taking various government services.

Inflation in Bangladesh jumped to 6.17 per cent in February, the highest in 16 months, driven by soaring costs of foods, further eroding the purchasing capacity of consumers.

Food processors in Bangladesh have either cut the size of packs or increased prices to absorb the surging cost of raw materials, handing a blow to end customers already struggling amid higher inflation.

Nagad and Dhaka North City Corporation (DNCC) signed a memorandum of understanding on Sunday enabling paying holding tax and new licence-related fees through the mobile financial service provider.

Stocks entered a second session of decline while market turnover remained low yesterday as people are shaky about making investments amid the rising cost of living and production in Bangladesh.

Inflation is rising in Bangladesh as it is in several advanced and emerging economies. Increased headline inflation in February was driven by a spike in food inflation. The 12-month moving average inflation has been on an upward trend since the November 2019 to October 2020 period.

Bangladesh has ratified the much-talked about International Labour Organisation (ILO) Convention 138 to fix the minimum working age for any person at 14 years.

Regular fund allocations for small and medium enterprises (SME) are required to provide capital for business development of the SME sector.

The climate change issue will have to be incorporated in the detailed project plan (DPP) of all development projects to properly implement the national adaptation plan (NAP), according to the planning minister.

Encouraging seasonal migration is a useful strategy under some conditions, but not everywhere, said a professor of economics at Yale University while delivering a public lecture at the University of Dhaka yesterday.

Brac, a Bangladeshi non-governmental organisation, has retained its place as the world’s largest NGO for the last seven consecutive years.

Mohammad Dulal, a tea seller at Teacher-Student Centre (TSC) of the University of Dhaka, used to sell tea made of condensed milk for Tk 6 per cup a month ago. At present, he has increased the price to Tk 10.

Lenders and clients in Bangladesh are set to get the opportunity to settle transactions instantly as the central bank has moved to expand the facility of real-time gross settlement (RTGS) to non-bank financial institutions and the foreign exchange operations of banks.

The government should not raise fuel prices in the current fiscal year despite their record spike in global markets to give some respite to the people buckling under pressures for rising costs for essentials, said the Centre for Policy Dialogue (CPD) and economists yesterday.

Happiness is a fundamental human goal. The General Assembly of the United Nations had recognised the relevance of happiness and well-being as universal goals back in 2012 and called for a more inclusive, equitable and balanced approach to economic growth that promotes the happiness and well-being of all human beings.

Kazi Abu Saad Chowdhury, a resident of Ghoraghat upazila in Dinajpur, has found an answer to his financial woes in the form of Vietnamese dwarf coconut trees.

Just as the economy was sailing smoothly to make a turnaround from the coronavirus pandemic, the Russia-Ukraine war has suddenly emerged as a major obstacle standing in the way of faster and full revival. And this, among other things, is likely to increase poverty and eat into growth, warned the International Monetary Fund (IMF), policymakers and experts.

A good number of old and new garment factories are now seeking membership of RMG Sustainability Council (RSC) as the audit standard of this tripartite platform is very high.

Farmers have planted paddy on increased areas of land during the current Boro cultivation season after being encouraged by higher prices for the staple grain in the domestic market for the last one year.