Potato imports facilitated despite massive price fall
The National Board of Revenue (NBR) has allowed the use of nine more customs stations for the import of potatoes, specifically from Nepal and Bhutan, aiming to diversify supply sources and reduce dependency on India..The nine stations include Rohonpur in Chapainawabganj, Sonahat in Kurigra
21 January 2025, 18:00 PM
VAT hike raises medicine prices
Healthcare seekers face higher prices for medicine due to the hike in value-added tax (VAT) on trades by pharmacies and drug stores.
12 January 2025, 18:00 PM
VAT shock in the middle of the fiscal year
The National Board of Revenue went ahead with its plan to hike value-added tax and supplementary duty on goods and services despite widespread concerns that the move will stoke inflation and slow down economic activities.
9 January 2025, 21:06 PM
VAT, SD on nearly 100 items hiked despite inflation worries
NBR issues a notification moments ago
9 January 2025, 15:59 PM
Inflation eased slightly in Dec but still above 10%
Bangladesh concluded another year staring at prices of essential items taking a wild ride, the central bank scrambling to further tighten the money supply and penny-pinching among limited income people.
6 January 2025, 18:00 PM
Will VAT hike add to inflationary burden?
The government’s recent move to increase value-added tax (VAT) on 43 goods and services has raised two key questions: will it generate enough revenue to avoid a huge budget deficit and will it further stoke an already high inflation?
4 January 2025, 18:00 PM
Revenue collection falls in Nov though business climate improves
Bangladesh’s revenue collection fell in November this year even though the country saw improvement in its business climate that month thanks to the alleviation of political uncertainties stemming from the nationwide mass uprising in July-August.
31 December 2024, 18:00 PM
Foreign fund flow, new pledges dwindle as debt servicing surges
Bangladesh’s foreign debt servicing surged 28 percent year-on-year in the first five months of fiscal year 2024-25 owing to the country’s expanded foreign loan portfolio and a rise in global interest rates.
29 December 2024, 18:00 PM
Inflation outpaces wage growth for 34 months straight
Many low-income and unskilled workers in Bangladesh’s agriculture, industrial and service sectors are being compelled to reduce consumption as rising inflation eroded their real incomes over the past three years.
28 December 2024, 18:00 PM
Separating policy, revenue in NBR top reform priority
The National Board of Revenue (NBR) should not both formulate policies and collect revenue, rather a separate, independent and specialised policy wing should be formed, recommended an advisory committee recently. .This should be the first priority when bringing about reforms, said the co
25 December 2024, 18:03 PM
Not a good year for job-seekers
Fresh graduates, their faces pale and uncertain, spent 2024 poring over newspaper job advertisements, applying for any suitable position and frantically appearing for recruitment exams in Dhaka.
24 December 2024, 18:00 PM
Remittance hits record high, but workers remain neglected
Despite a record increase in remittance this year, experts and migrant workers say the government has yet to take meaningful steps to alleviate their suffering or ensure their benefits and welfare.
17 December 2024, 18:00 PM
Taskforce readies strategies to fix economic fault lines
The planning ministry’s taskforce for sustainable development has drafted a report with proposals to fix the economic fault lines identified by the white paper on the economic state of the country and achieve moderate economic growth.
17 December 2024, 18:00 PM
Health spending falls substantially in Jul-Nov
The health ministry’s development spending has dropped substantially year-on-year in the first five months of the current fiscal year, despite the interim government’s move to raise its allocation in the revised budget.
15 December 2024, 18:00 PM
Food distribution falls despite persistent inflation
Despite the fact that the population has been reeling from heightened inflationary pressures over the past two years, public food distribution under various social protection schemes fell by about 6 percent year-on-year in the first half of the current fiscal year.
14 December 2024, 18:00 PM
Bangladesh unemployment grimmer than it looks
The past government had been relying on international definitions and standards that are over four decades old to measure labour data, painting a rosy picture of low unemployment and an improved labour market.
11 December 2024, 18:00 PM
Another 1 lakh graduates joined job hunt last year
Over 1 lakh youth with higher academic degrees joined the already long rally of graduates in a gruelling search for jobs last year, according to the latest official data, as experts point to an oversupply of graduates and a lack of skills among them.
3 December 2024, 18:00 PM
Lower revenue collection narrows fiscal space
Revenue collection in the first four months of the current fiscal year declined by 1 percent year-on-year
26 November 2024, 18:00 PM
Hunt for OMS food grows desperate
In the bustling area of Mirpur-10 in the capital, over 300 people gathered early Monday morning, hoping to buy subsidised essentialsthat serve as a lifeline for low-income families.
21 November 2024, 00:00 AM
Pran now making flour, semolina
Pran-RFL Group, one of the country’s leading conglomerates with diversified interests, including in food processing, has started producing both whole wheat and refined flour alongside semolina.
9 November 2024, 18:00 PM