Current News

Bangladesh Bank yesterday revised its policy for post-import financing (PIF) to ease the process for importers to get finance smoothly. As per the previous guidelines on PIF released in June last year, Bangladesh Bank mentioned two sectors — essential commodities and industrial raw materials — where banks could finance importers. …

I might have mentioned before that there are some things that simply must be done and also can only be done by the government. These are the things that should, therefore, be done by the government. For these are the things that only the government can do and they also …

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Faruque Hassan said updating and simplifying business procedures in line with changing trade situation are important to retain competitiveness of the RMG industry. He urged the National Board of Revenue (NBR) to ease business procedures including customs and bonds to support the …

National Board of Revenue (NBR) is unlikely to revise its revenue collection target of Tk 3.3 trillion this fiscal year as the business activities return to normalcy and the exports see a jump. However, the fears of coronavirus breakout do not completely go away. The economy still reels from pandemic …

Speakers at a seminar have proposed for raising the price of low-tier cigarettes to discourage smoking as well as minimize health risks. If the prices of cigarettes are raised, it will boost revenue generation of the government as well, they said. They came up with the suggestions at the seminar …

Stocks opened higher on Sunday, with the key index crossing the 6700-mark, as investors kept their buying interest on major sector issues riding on the regulator’s latest steps. Following the previous two days’ rise, the market opened an upbeat note and the DSEX, the prime index of the Dhaka Stock …

The International Monetary Fund said on Saturday it held “fruitful technical discussions” with Sri Lanka on its loan request, while the World Bank said it was preparing an emergency aid package for the crisis-stricken country, Reuters reports. Sri Lanka, an island country of 22 million people, is struggling to pay …

Manipuri clothing weavers in Moulvibazar and Sylhet are passing busy days ahead of the upcoming Eid-ul-Fitr, which will be celebrated in colour for the first time in two years thanks to the easing of coronavirus restrictions. Sales of manipuri garment items typically peak during festival seasons and so, weavers usually …

As Bangladesh prepares to graduate into a developing country, its Commerce Minister Tipu Munshi has said his country is keen to clinch a Comprehensive Economic Partnership Agreement (CEPA) or Free Trade Agreement (FTA) not only with India but also with Indonesia and Sri Lanka in a year. “We want to …

The edible oil market has become more volatile after wholesalers and millers cut supplies in anticipation of increased prices of the essential cooking ingredient in the wake of the export ban by Indonesia, the world’s biggest supplier of vegetable oil. Yesterday, the wholesale prices of palm oil rose by Tk …