Revenue shortfall can’t stop stretching
Revenue shortfall against the target, which is a common occurrence nowadays, is getting wider as the fiscal year nears its end, much to the concern for the government that has already ramped up its borrowing from the banking sector.
11 February 2020, 18:00 PM
Jute: a bright spot in export basket
Jute and jute goods brought home the bacon this fiscal year when most other export-earning sectors flatlined, thanks to a recovery in demand for natural fibre-based yarn and biodegradable products abroad.
9 February 2020, 18:00 PM
NBR once again extends deadline for VAT software use
The National Board of Revenue has extended the deadline for the third time for use of software for record-keeping by firms with turnover of Tk 5 crore and above in the face of resistance to installing the costly software.
4 February 2020, 18:00 PM
No sweat for printers as orders pour in
The streets of Dhaka city have turned into a sea of posters as candidates for the upcoming two Dhaka city corporation elections have had their election materials plastered on every wall and pole as far as the eye can see.
30 January 2020, 18:00 PM
Meena Bazar in talks to take over Agora
Meena Bazar, one of the country’s biggest supermarket chains, is in talks to acquire its peer Agora in a bid to scale up its business volume to strengthen its foothold.
29 January 2020, 18:00 PM
Solar panel installation rising sans proper disposal policy
Bangladesh is set to see a rising volume of waste from solar photo-voltaic panels in the coming years, which in the absence of absence of proper disposal and management pose risks to the environment and humans.
11 January 2020, 18:00 PM
Commerce ministry seeks VAT, duty cuts on edible oil, sugar
The commerce ministry has requested the revenue authority to cut the value-added tax on edible oil and slash tariff on raw sugar imports to keep their prices stable during upcoming Ramadan when demand soars.
9 January 2020, 18:00 PM
Edible oil prices hauled up by VAT
The imposition of value-added tax (VAT) and advance tax (AT) in the value chain of edible oil are contributing to the spike in prices of the essential cooking ingredient, said a Bangladesh Tariff Commission report.
8 January 2020, 18:00 PM
Widening revenue shortfall raises alarm
Revenue collection deficit from target widened further in November despite the pace of overall collection growth last month compared with October, according to provisional data of the National Board of Revenue (NBR).
5 January 2020, 18:00 PM
Concord excited about govt move to phase out clay bricks
The government move to make the use of blocks mandatory in public construction will boost manufacturing of environment-friendly construction materials and encourage private businesses to invest in the sector, said the chief of a top realtor.
4 January 2020, 18:00 PM
Solar energy prospects getting dimmer
Solar energy installation has lost momentum in the last two years as the appetite for the cleaner electricity fell in the face of fast-expanding electricity connections in off-grid areas by public agencies.
4 January 2020, 18:00 PM
New Year cheer for flower farmers
With great excitement Mohammad Sher Ali and fellow farmers in Panisara of southwestern upazila Jhikargacha began plucking rose, gladiolus, tuberose and gerbera in abundance from earlier this week.
31 December 2019, 18:00 PM
Fair prices elude farmers
Optimism to turn the tide in his favour had preoccupied the mind of Bimal Krishna Biswas as 2018 drew to a close.
29 December 2019, 18:00 PM
Factory production slowing down
Major industrial sectors are suffering from a sluggishness as factory production slowed down to a great extent in the July-August period of 2019-20 thanks to a fall in shipments.
26 December 2019, 18:00 PM
Real wages in fishery, construction falling despite faster GDP growth
Last fiscal year, Bangladesh’s GDP grew at a record 8.15 percent, so it is natural to assume the real income of all would see some degree of increase with such a high level of economic expansion. And yet, fishermen and construction workers saw their real wages fall.
22 December 2019, 18:00 PM
Poverty Alleviation, Women Empowerment: Champion goes, legacy lives on
A bolt from the blue came in 2005 and left Sufia Begum in despair: she lost her husband, the sole breadwinner in her family, in an instant to electrocution, leaving her with no money and three young daughters to raise by herself.
21 December 2019, 18:00 PM
Govt softens stance on new potato variety
The government has withdrawn restriction on the introduction of new varieties of potato seeds, their production and marketing for three years.
19 December 2019, 18:00 PM
Bike, AC, compressor makers get tax benefits till 2032
The National Board of Revenue (NBR) has extended the reduced tax benefit to the manufacturers of motorcycle, air conditioner and compressors to June 2032 although it doubled the rates.
17 December 2019, 18:00 PM
Coal imports surge on rising demand for bricks
Coal imports are soaring to fuel hundreds of brick kilns that produce the key construction material to feed the growing demand from both public and private sectors.
12 December 2019, 18:00 PM
EPZ firms await easy cargo container rules
The National Board of Revenue considers easing rules and procedures for investors in the export processing zones to promote trade and investment, said officials.
7 December 2019, 18:00 PM