High production and transportation costs, limited bargaining power due to market structure inefficiency, seasonal supply, price fluctuations and limited market access for producers are triggering food inflation, according to a study by the Dhaka Chamber of Commerce and Industry (DCCI).

In the face of public outcry over the high prices of essential food items, the National Board of Revenue (NBR) yesterday slashed customs taxes on imports of eggs, edible oil and refined sugar.

The Centre for Policy Dialogue (CPD) has called to immediately float tenders for 37 renewable energy-based power projects that were cancelled by the interim government.

The specific duty would be Tk 4,500 a tonne

Duty has been brought down from 25% to 5%, which would reduce import costs by Tk 13.8 a dozen

The company’s managing director says today

The think-tank suggested adopting a short-term build-operate-transfer model to address infrastructure issues 

The Bangladesh Water Transport Coordination Cell will manage allocation and scheduling of lighter vessels

NBR also exempted VAT at production and trading of the highly import-based edible oil

The resignation follows multiple cases filed against leaders in the ICT industry, including Ahmed, in connection with the mass movement of July and August

NCC Bank  plans to appeal the decision and seek a review 

The turnover of Dhaka Stock Exchange (DSE) yesterday amounted to a two and a half month low of Tk 296 crore as skittish investors dumped their holdings to avert price erosions in their portfolios. The turnover, which is the total value of all the shares traded on the day, was 6.83 percent

Government's food distribution under various social protection schemes declined 14 percent year-on-year in the first quarter of fiscal year (FY) 2024-25, mainly because of reduced transfer of grains under the Food for Work (FFW) and Food Friendly Programme (FFP).

A global target of ending extreme poverty by 2030 is “out of reach,” said the World Bank on Tuesday, adding it could take three decades or more to do so.

The World Bank approved changes to its lending practices on Tuesday which will unlock an additional $30 billion in much-needed financing for middle-income developing countries.

Britain’s annual inflation rate fell to a three-year low in September, official data showed Wednesday, fuelling speculation that the Bank of England will resume cutting interest rates next month.

Sponsor directors of Walton Hi-Tech Industries PLC have transferred nearly 29.7 percent of their shares to non-director family members, most of it as gifts, based on a regulatory instruction, according to a BRAC EPL Stock Brokerage report yesterday.

A diplomatic falling out between India and Canada over allegations that New Delhi was behind the killing of a Canadian Sikh activist threatens to overshadow increasingly close trade and investment ties between the countries.

The interim government has decided not to sign an agreement with US-based Excelerate Energy to build another regasification plant for liquefied natural gas (LNG) imported by Bangladesh, according to officials of state-run Petrobangla. 

The volume of cash outside the banking sector of Bangladesh has been increasing since the start of the year due to persistent inflation, the loss of consumer confidence in the sector due to the presence of ailing lenders, and the prevailing situation following the recent political changeover.