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CHATTOGRAM: After its United Nations status graduation in 2026, Bangladesh may lose most of the preferential trade benefits from countries and blocs of its main export destinations if the South Asian country’s ease of doing business index not significantly improved by that time.

The prices of edible oil and onion increased further in the city’s kitchen markets over the week ending on Friday.

The government has decided to asses the option of using biodegradable PP woven bags for packaging of poultry and fish feeds amid strong protests from feed manufacturers against the mandatory use of jute bags for packaging of the products.

The upcoming budget should focus on health, social protection and job creation to shield the people from the impacts of the second wave of the coronavirus, instead of putting too much attention on economic growth, the Centre for Policy Dialogue (CPD) said yesterday.

Stocks opened higher on Thursday as bargain hunters showed their buying appetite riding on the regulatory move and expected corporate declaration by some listed companies.

The country needs a policy so that the local automotive manufacturing industry is established to guarantee stability in the business of importing reconditioned vehicles, said Bangladesh Reconditioned Vehicles Importers and Dealers Association (Barvida) on Wednesday.

The Asian Development Bank on Wednesday said that the second wave of Covid outbreak might erode at least 1 percentage point of Bangladesh’s potential gross domestic product growth in the current fiscal year 2020-2021.

The government has selected 17 products to promote in the post-Covid era and to enhance their exports after Bangladesh graduates from the least developed country (LDC) to lower middle income status, officials said.

The Bangladesh Bank has extended the deadline for submission of audited financial statements by two more months till June 30, 2021 for the banks whose accounting year ended in December 2020.

The business community is deprived of an opportunity to choose their leaders through a participatory election as directors of the FBCCI are picked through consensus among hopefuls, who are often backed by the ruling parties.