Time for tariff reforms to improve trade competitiveness: experts

Tariff  rationalisation is extremely important for Bangladesh to boost exports,  improve trade competitiveness and maintain steady economic growth,  speakers said yesterday.
1 March 2022, 18:00 PM

How private sector can help public sector

The private sector is well-known for its efficiency but is also negatively viewed for its greed and an inherent nature that lacks focus on welfare. The public sector is considered to work for the benefit of the people but is often cited as being inefficient and wasteful.
1 March 2022, 18:00 PM

Tube well makers passing hard times

Tube well manufacturers in Bogura are going through hard times as the costs of raw materials have almost doubled in the last couple of years.
1 March 2022, 18:00 PM

ADP to see sharpest cut in six years

The government is expected to trim the development budget by 7.88 per cent to Tk 207,550 crore for the current fiscal year because of the sluggish pace of implementation by public agencies.
1 March 2022, 18:00 PM

Australia to continue duty-free facility

Australia will continue its duty and quota free treatment for Bangladeshi exports even after the country graduates from least developed country (LDC) status in 2026.
1 March 2022, 18:00 PM

Rosatom rules out delays in Rooppur power plant

Rosatom, the contractor of the Rooppur Nuclear Power Plant, dismissed the notion of potential delays in the construction of the project amid Russia’s war on Ukraine even though some Russian banks might be excluded from the SWIFT messaging system.
1 March 2022, 18:00 PM

Local textile sales double in five years

The textile market in Bangladesh is growing at a faster clip as annual sales have nearly doubled to $9 billion in a span of five years riding on the production of diversified fabrics and the growing consumption of middle-income people.
1 March 2022, 18:00 PM

Vegetable farmers don’t get fair prices for extortion

Agriculture Minister Muhammad Abdur Razzaque yesterday said extortion during transport and the presence of middlemen deter farmers from getting fair prices for their produce.
28 February 2022, 18:00 PM

Construction of state economic zones taking too long

The implementation of the government’s plan to bring about large-scale industrialisation is in the slow lane as only two state-run economic zones are currently ready for setting up factories although Bangladesh set out nearly seven years ago to establish them.
28 February 2022, 18:00 PM

Scale effect of domestic market, tipping point and paths of industrialisation

The size of the economy matters. The size of the domestic market, popularly known as the “scale effect” in growth theory, has a strong bearing on the paths of industrialisation of an economy.
26 February 2022, 18:00 PM

Foreign aid disbursement, commitment rises

Foreign assistance disbursement and commitment both increased in Bangladesh in the first seven months of the current fiscal year thanks to speedy release of funds and additional promises as support for tackling the pandemic.
26 February 2022, 18:00 PM

BBS still faces challenges in imparting timely, credible data

Without big data, you are blind and deaf and in the middle of a freeway.
26 February 2022, 18:00 PM

Businesses fear ripple effect of Russian invasion of Ukraine

With oil prices hitting above $100 in the wake of Russia’s invasion of Ukraine, local businesses yesterday feared that the war would have a ripple effect on their domestic and international operations as both countries are major suppliers of agricultural commodities.
24 February 2022, 18:00 PM

IDLC savings schemes available on bKash

They can avail of savings schemes in monthly instalments of Tk 500, Tk 1,000, Tk 2,000 and Tk 3,000 starting from a minimum period of two years to a maximum of four years.
24 February 2022, 18:00 PM

Development spending rising

Development spending in Bangladesh rose 17 per cent year-on-year in the first seven months of the current fiscal year, highlighting the momentum in the economic recovery from the pandemic-induced slowdown.
24 February 2022, 18:00 PM

Dalal Plus refunds Tk 17.74 lakh

Tk 17.74 lakh were provided in refunds to 10 customers yesterday over the non-delivery of goods by e-commerce platform Dalal Plus in spite of orders being placed through payments in advance.
24 February 2022, 18:00 PM

Indian auto parts makers see opportunities aplenty

Ayush Jain, managing director of Delhi-based automotive component manufacturer Kube Autotech Pvt, had no idea about the growing aftermarket sales in Bangladesh.
24 February 2022, 18:00 PM

Working together essential for a better 5G ecosystem

The whole world is waiting to embrace the Fourth Industrial Revolution. Countries and industries that are already on the track of huge digital transformation will be able to cash in on the potentialities of the 4IR.
24 February 2022, 18:00 PM

GDP can’t be only indicator of development

Not only the GDP growth rate, but also peoples’ wellbeing and the existing environmental situation should be considered as the indicators of development, said Wahiduddin Mahmud, a noted economist, yesterday.
24 February 2022, 18:00 PM

Small income, big contribution

Getting up from bed early in the morning, Sabitri Halder goes to her backyard and takes a seat on the floor to weave floor mats from hogla leaves, a species of aquatic grass.
24 February 2022, 18:00 PM