Raw jute prices soar to record high
Raw jute prices hit a record high of around Tk 3,000 per maund as supply declined in the markets of producing regions owing to stocking by middlemen and slow release by farmers seeking to cash in on flood-induced production fall, various traders said yesterday.
29 September 2020, 18:00 PM
Locally made LPG cylinders get a cut in VAT
The revenue authority has reduced value added tax (VAT) on locally made cylinders for storing liquefied petroleum gas (LPG) in order to allow domestic manufacturers to better compete with imported cylinders and enable users to afford bottled gas.
28 September 2020, 18:00 PM
Tax collection rebounds in August
Revenue collection rebounded in August after remaining downbeat for four months since April, thanks to recovery in business and economic activities that buoyed overall receipts.
27 September 2020, 18:00 PM
Paper mills flounder as demand thins out
Despite the resumption of economic activities and signs of recovery in various sectors, paper mills are struggling to stay afloat as demand has not picked up yet, say industry operators.
20 September 2020, 18:00 PM
Country needs to import six lakh tonnes of onion
The country has a stock of 5.25 lakh tonnes of locally grown onion and it will require six lakh tonnes more to meet domestic requirements until the next main harvesting season, typically the March-April period.
13 September 2020, 18:00 PM
BJMC sells jute sacks at lower than official rate
Questions have arisen over Bangladesh Jute Mills Corporation’s (BJMC) decision to sell 100,000 bales of jute sacks at a price lower than the official rate as it is set to deprive the country of nearly Tk 8 crore in revenue.
12 September 2020, 18:00 PM
Banks beef up security to fend off hackers
Banks have beefed up security, vigilance and monitoring to prevent hackers from stealing money after the central bank and the government alerted them about the fraudulent activities of a North Korean group.
9 September 2020, 18:00 PM
Floods, Amphan wash away Tk 900cr fish
Repeated floods since the end of June have washed away Tk 510 crore worth of fishes in the central, north and southern districts, according to the Department of Fisheries (DoF).
9 September 2020, 18:00 PM
Holding on to hope amid drawn-out adversity
Wheels have started moving on the streets of Bangladesh.
7 September 2020, 18:00 PM
Startups in pandemic days: a tale of despair and dreams
It is the story of dreams and despair. Rise and fall. It is the story of anguish and cheer. For Bangladesh’s startups, all appear to be true.
6 September 2020, 18:00 PM
Brighter days ahead for Indo-Bangla river trade
If you happen to be on the Padma or Meghna rivers for a cruise or are travelling to the country’s southern part, you will in no way miss a sporadic presence of numerous slow-moving small and large vessels alongside their sudden blasts of horns.
5 September 2020, 18:00 PM
Maize import soars as floods, rains damage crops
Maize imports rose by 54 per cent last fiscal year in the wake of crop losses for heavy rainfall and flood during the peak harvesting and drying periods of the summer crop, according to feed millers and import data.
1 September 2020, 18:00 PM
Pandemic bites aromatic rice processors
Haji Nanna Biriyani, a popular restaurant in Old Dhaka that serves up a mouthwatering selection of sub-continental and rice-oriented dishes, has reopened its doors to customers nearly a month ago.
27 August 2020, 18:00 PM
Wage growth drops further though economy reopens
Workers in the agriculture, industries and services sectors witnessed a further drop in wage growth in July as they were shut of income opportunities due to the economic headwinds brought about by the Covid-19 pandemic.
26 August 2020, 18:00 PM
Food office to assess stock of rice, paddy to tame rising prices
With the soaring prices of rice affecting the poor, the food ministry has taken steps to assess the stock of food grain at millers and traders end.
26 August 2020, 18:00 PM
Tax cheats still uninterested in whitening wealth
The tax authority has yet to get a good response from the holders of undisclosed money despite offering amnesty that none will question the sources of income this fiscal year, said its chief yesterday.
25 August 2020, 18:00 PM
Electronic fiscal devices are here -- finally
Electronic fiscal devices (EFDs), the much-talked-about e-cash registers promoted by the revenue authority as a tool to curb tax dodging, finally began to show up at retail stores in cities.
25 August 2020, 18:00 PM
Higher jute prices make growers happy, millers concerned
Farmers are getting higher prices for raw jute after cyclone Amphan and prolonged floods damaged part of their cash crop, but millers are not happy with the price spiral, which they say will push up production costs and affect demand from buyers abroad.
24 August 2020, 18:00 PM
Private sector players promising shuttered BJMC mills a new lease on life
The government is considering giving priority to leasing out state-owned jute mills to the private sector so that production could resume within a short time, according to officials of the textiles and jute ministry and industry stakeholders.
22 August 2020, 18:00 PM
NBR goes tough against non-compliant companies
Bangladesh has more than 180,000 officially registered companies. Yet, roughly 35,000 of those businesses, that is just one-fifth of them, file income tax returns regularly -- a dismal picture even though rules make it compulsory for businesses to file returns annually.
20 August 2020, 18:00 PM