News

Farmers have planted paddy on increased areas of land during the current Boro cultivation season after being encouraged by higher prices for the staple grain in the domestic market for the last one year. The total area being used to cultivate the dry season rice crop stands at 49.09 lakh …

The Russian rouble fell in light trading in Moscow on Friday, with trading on separate exchanges stabilising beyond 100 to the dollar, after the central bank opted to hold rates at 20 per cent and said it would start purchasing OFZ government bonds. The central bank kept its key interest …

State-run Trading Corporation of Bangladesh (TCB) will begin its sale by trucks on Sunday to provide essential items to some one crore low-income group families ahead of the forthcoming holy month of Ramadan. The essential items will be sold in two phases. In the first phase, TCB will sell the …

Rangpur, known as the largest potato producing area of the country, has begun exporting improved varieties of potatoes to several countries in the Middle East and Southeast Asia, including Saudi Arabia, Malaysia and Indonesia since Thursday. An initial order of 4,500 tons of potatoes has been received, according to local …

Banking sector in Bangladesh lost a whopping Tk 520.84 billion deposit in the second quarter of the current fiscal year, which is thought to have been invested elsewhere or gone to informal sector. In the October-December quarter, total deposits in banks slumped to Tk 14,090.34 billion from Tk 14,620.19 billion …

State-owned Bangladesh Shipping Corp is seeking $22.4 million from its insurer for a cargo ship hit by a missile in March, government officials with knowledge of the talks said, in the first major marine insurance claim from the conflict in Ukraine. The UN’s shipping agency said last week it would …

While most average towns in the countryside slowly wake up to brace the day, the small port town of Mongla in Bangladesh’s southwest region is already bustling with activity by 6:00am each morning. The narrow roads buzz with the blaring of horns and whirring of electric three-wheelers that are boarded …

Faruque Hassan, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), said on Tuesday that the garment industry is facing pressure due to the Russia-Ukraine war, but that they expect to recover from it soon. “Russia is an emerging market for us, and we expect annual exports worth $1 billion …

Bangladesh Jewellery Expo-2022, the first of its kind in Bangladesh, will begin tomorrow at International Convention City Bashundhara (ICCB) in the capital marking the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. The three-day jewellery expo which will be organised by Bangladesh Jewellers Samity (BAJUS) will showcase …

Bangladesh’s current taxation system confronts major challenges in upgrading tax-base as it plays into the hands of political elites and provides special benefits to some target groups, says a policy paper. Citing the outcome of a research, the policy document says as many as 926 statutory regulatory orders (SROs) had …