News

Central banks around the world have commenced hiking policy rates in order to contain the inflationary pressure stemming from the ongoing global supply chain disruption and demand recovery. Bangladesh has also not been spared from the rising prices, which have also been driven by higher commodity costs. In addition, the …

Stocks witnessed yet another major setback in the week to Thursday as nervous investors rushed to dump their holdings to avoid further erosion of their portfolios. The week saw four trading days instead of usual five days as the market remained closed on Sunday on the occasion of Buddha Purnima …

Twenty-four per cent of the taxpayer identification number holding physicians in the capital Dhaka has failed to submit their income tax returns for the fiscal year 2021-22, according to the National Board of Revenue. Of the 35,000 TIN holding physicians, 26,611 submitted their returns by the January 2 deadline. The …

The prices of rice, atta, red lentil and eggs went up on kitchen markets in the capital Dhaka over the week ending Friday. Retailers blamed wholesalers for increasing the prices of rice, atta and red lentil while wholesalers said that rice mill owners raised the prices of rice and importers …

Editors yesterday urged the government to bring down the corporate tax for newspapers to 10-15 per cent from the fiscal year of 2022-23 to help the print media survive amid rising costs. Currently, the newspaper industry has to pay 30 per cent corporate tax. The editors also demanded a reduction …

Transparency International Bangladesh today (May 20, 2022) called upon the government to form an independent “Economic Strategy Advisory Committee” to advise on ways to address the potential global economic fallout and ensure continued commendable economic performance achieved so far. The call comes against the backdrop of the impending global economic …

The government knew who were responsible for the recent acute shortage of soybean oil but did not enforce the law as it would have made the situation even more volatile, said the chief of the consumer rights body yesterday. Five to six businesspeople are controlling the whole market and it …

Indonesia, the world’s biggest supplier of edible oils, has decided to lift the ban on palm oil exports, a development that is expected to bring much-needed relief to the consumers in Bangladesh struggling to afford the cooking oil because of skyrocketing prices. Palm oil exports can resume from May 23, …

There is a huge hue and cry about the recent unprecedented price hike of soybean oil. This is probably an issue that drew the media’s attention the most. For the last couple of years, the price of soybean oil has been constantly on the rise due mainly to the volatile …

Amid rising demand in the country, the price of dollar surpassed Tk100 mark in the open market on Tuesday. Money exchange companies are experiencing an extreme dollar crisis. They are not being able to supply dollars according to the market demand. In the open market today (Tuesday), the US dollar …