Current News

The consumer rights watchdog of Bangladesh has fined 17 e-commerce firms for their failure to deliver products as promised and deceiving customers through false advertisements. The Directorate of National Consumer Rights Protection (DNCRP) imposed a combined fine of around Tk 6 lakh on the platforms. The firms are Daraz Bangladesh, …

Wayne Sosin of Worksman Cycles says heNhas tried everything since the pandemic began to find a way to make andMdeliver his bikes. He has been looking for a container to send a shipment to Saudi Arabia forNthe last six weeks to no avail so far. That’s not even to mention …

BTMA requests millers The Bangladesh Textile Mills Association (BTMA) has asked its members to keep yarn prices unchanged till November 30. Mohammad Ali Khokon, president of BTMA, urged its members in a letter issued on Wednesday to follow the existing price index (PI) conditions. Due to the rise in cotton …

The customs authority yesterday reduced import tariff for onion and raw sugar in order to cut costs of businesses and contain the spiralling prices of the two popular items, according to notifications from the National Board of Revenue (NBR). The NBR removed 5 per cent customs duty on import of …

For the last three years Md Saiful Islam has been preparing and submitting his income tax returns all by himself. He attaches a photocopy of his salary statement he gets from his office along with tax returns and submits it to the respective field office. That’s all. Islam does not …

The Public Private Partnership Authority yesterday signed a memorandum of understanding (MoU) with 15 banks and non-banking financial institutions to facilitate financing of PPP projects. The MoU will stay in effect for the next five years. A non-disclosure agreement has also been signed to complement the MoU. The authority has …

Although fast-track projects had previously witnessed slow implementation for various reasons including the pandemic, they are now progressing gradually, according to a report. The Padma bridge project is nearing completion, said the Implementation Monitoring and Evaluation Division (IMED) report. According to the officials concerned, these projects are likely to be …

The soybean export is causing a crisis in the domestic market hurting the cattle feed industry The government has banned the exports of soybean meal in order to prevent the price hike of the key ingredients needed to produce poultry and cattle feed. In this regard, the commerce ministry issued …

The government has formed a new committee to bring all e-commerce firms in Bangladesh under one umbrella and safeguard the interests of the consumers and merchants who were deceived. The 15-member body was set up on Tuesday as per instruction of the cabinet division. It will prepare a report on …

Bangladesh is forecast to remain ahead of India in terms of per capita gross domestic product (GDP) in the next five years to 2026 powered by buoyancy in remittance, exports and agricultural activities. With $355 billion, Bangladesh, the second-biggest economy in South Asia, first overtook India in 2020 in terms …