News

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 …

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 …

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 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 …

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 …

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 …

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 …

The domestic stock market dropped for a third consecutive day as shaky investors continued to book profits following a recent upsurge in share values, according to market analysts. After facing corrections in the two preceding trading sessions, the market started slow yesterday with investors selling off their stakes in major …