News

Country’s sugar refiners have sought waiver of existing 20 per cent regulatory duty (RD) on raw sugar import, aiming to keep the sweetener prices stable during the upcoming Ramadan. They also have requested the government to make the facility available until the end of the current fiscal year that will …

Finance Minister AHM Mustafa Kamal yesterday said the government has granted the scope to businesses to invest abroad in order to curb the transfer of money out of the country through illegal channels. “It is not wrong to invest abroad. If you don’t allow it, it will go to different …

Entrepreneurs yesterday expressed disappointment as their green operations are not fetching better prices although the costly move has allowed buyers to source products from eco-friendly factories and benefit from the improving image of the whole supply chain. Garment exporters in Bangladesh have pumped hundreds of crores of taka into setting …

The government is set to launch a special drive against illegal stockpiles of raw jute to ensure a smooth supply in the domestic market and enable mills to make jute goods for export, the textiles and jute ministry said yesterday. Golam Dastagir Gazi, minister of textiles and jute, made the …

The price of edible oil may rise again in Bangladesh if it is increased in Brazil as the country imports it from the Latin American country, said Commerce Minister Tipu Munshi on Saturday. The minister said this while talking to journalists at Sheikh Shafi Commerce College in Lalmonirhat. “The prices …

Seven listed companies in last week dominated the chart of top 10 gainers mainly riding on quarterly disclosures and information regarding board meetings to be held in this week for October-December (Q2), 2021. During the week, the share prices of top 10 gainers advanced ranging 13.20 per cent to 60 …

Any power tariff hike will have a serious impact on the garment industry as it will scuttle its recovery from the coronavirus pandemic and erode competitiveness, said Faruque Hassan, president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA). “The cost of production will also go up once again,” he …

Two listed drug makers — Beximco Pharma and Acme Laboratories — posted higher profits in the first half of the current fiscal year (FY) 2021-22, thanks to higher sales amid pandemic. The sales rose riding on higher medicine consumption, which boosted revenue of the pharma companies and their earnings per …

Textile millers yesterday urged the government to ensure an uninterrupted gas supply to keep the recovery of the apparel sector from pandemic fallout smooth. The majority of the spinning, weaving, dyeing, finishing and printing industries in the textile sector are failing to run at full capacity due to the shortage …

UNICEF will provide $306 million financing to Bangladesh in next five years under its new country programme document (CPD) 2022-2026. The Bangladesh-UNICEF country programme document 2022-2026 was signed at Economic Relations Division (ERD) on Sunday. The new CPD 2022-2026 has outlined an indicative budget of $306 million, says an ERD …