The global economic crisis and supply shortage may fuel energy prices in Bangladesh, but the local rates should be adjusted and decreased when the international prices fall, Dhaka Chamber President Barrister Md Sameer Sattar said today.

The average annual inflation in 2022 in Dhaka megacity was 11.08 per cent, a record high since 2011 with the middle-income group suffering most, said Consumers Association of Bangladesh (CAB) said today.

The latest gas price hike will increase the cost of production in the country, Khondaker Golam Moazzem, research director of the Centre for Policy Dialogue, told The Daily Star.

The farmers in Jashore Sadar upazila are all set to export 20 lakh pieces of cabbage to Malaysia, Singapore and Taiwan from the region for the first time.

The recent retail electricity tariff hike will ultimately create an additional economic burden on the smooth operations of the private sector and power intensive industries, Dhaka Chamber of Commerce and Industry (DCCI) President Barrister Md Sameer Sattar said.

The commerce ministry today requested the Bangladesh Bank for keeping a certain quota of US dollar to facilitate import of six essential commodities to ensure smooth supply of the goods during Ramadan.

Inflation eased for the fourth consecutive month as it hit 8.71 per cent in December thanks to the steady prices of most of the food items.

Bangladesh economy was all set at the beginning of 2022 to get its growth momentum back after recovering from the prolonged Covid-19 pandemic. But, the start of the Ukraine war in February slowed the country’s joy run significantly, making it an eventful year to remember. Let’s see how 2022 was for Bangladesh.

India has suggested that Bangladesh review the proposed import quota on several food items as the neighbouring nation believes the quantity sought as a guaranteed supply is too high.

People have been producing molasses from nipa palm trees—popularly known as Gol Pata trees—for several years in different villages Kalapara upazila, including Nilganj, Nabipur, Mithaganj and Pakhimara.

The government is extending Tk 170 crore as incentive to boost cultivation and production of boro paddy.

Bangladesh Standards and Testing Institution (BSTI) has included 10 new products in the list which now need mandatory certification from the national standards body.

Aman paddy harvesting season has begun, but the general mass is struggling to buy rice as the price of the staple food is still high in the local market.

The central bank has asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for a number of essential commodities in order to keep their prices at a tolerable level during Ramadan and ensure smooth supply.

The National Board of Revenue (NBR) has extended the scope for traders to import rice at reduced tariff by three months to March 31 next year to facilitate increased supply of the staple food and contain its prices in the local market.

A deal to free up vital grain exports from Ukraine's southern Black Sea ports - which had been due to expire on November 19 - was extended on Thursday for 120 days.

Bangladesh Bank today formed a Tk 5,000 crore refinance scheme to ensure food security in the country as the banking regulator thinks the world might face a food crisis in the days to come.

The Bangladesh Food Safety Authority (BFSA) has started issuing health certificates to facilitate export of food products from the country.

The jewellers have decided to increase gold prices by Tk 2,333 per bhori from tomorrow.

Bangladesh firm JMI Export Import Company Ltd has won a government contract to import 12,500 tonnes of sugar worth Tk 65.98 crore from Brazil and supply it to the Trading Corporation of Bangladesh.