News

The Mongla Port Authority’s plan to undertake a massive development work to expand, modernise and build the capacity of the port has received a major boost as uncertainty over funding is set to disappear. The government has long been seeking external funds to develop the capacity of the port in …

Some 2.85 million individual taxpayers submitted their returns in the first half of FY23 while the National Board of Revenue (NBR) collected Tk4,100 crore as income tax. Submission of income tax returns this year grew by 23.98% while revenue collection also increased by a healthy 24.96%. According to data from …

State Minister for Foreign Affairs Md Shahriar Alam has expressed his optimism that France will continue to support Bangladesh’s bid for a GSP+ facility beyond 2029 under the European Union’s new GSP Regulation. Bangladesh is widely considered as a success story for the EU’s Everything-but-Arms (EBA) scheme, reports UNB. The …

The poor and low-income people suffered throughout the year 2022 due to surging prices of food and other essentials. A continued spiral of rice and atta prices in particular multiplied the sufferings of the poor and the low-income people as their buying capacity fell gradually. Market experts and economists said …

Bangladesh’s external debts declined by about $2.53 billion to $92.69 billion at the end of September 2022, compared with the figure at the end of September 2021 amid volatility on the global foreign exchange market. The figure hit $95.23 billion at the end of June from $93.23 billion at the …

Gold started the new year on a solid note after ending a volatile 2022 largely unchanged, with prices rallying to a more than six-month peak on Tuesday as investors positioned for the Federal Reserve’s latest policy minutes. Spot gold rose 0.8 per cent to $1,838.54 per ounce by 1000 GMT, …

The import of essentials such as edible oil, chickpeas, dried peas and sugar fell in July-November as traders face difficulties in opening letters of credit (LCs) to purchase the items from international markets amid the US dollar shortage. This led traders and importers to warn that there might be a …

Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy. Brent futures for March delivery fell 13 cents to $81.97 a barrel, a 0.1 per cent loss, by 0511 GMT. US crude dropped 28 …

Vegetable cultivation is gaining popularity in Pabna as growing profits have spurred local farmers to expand their activities over the past few years, according to the Department of Agricultural Extension (DAE) in the district. “We once cultivated only mustard and other winter crops but now, we are cultivating carrot and …

The dollar selling rate of the Bangladesh Bank went up to Tk 100 for the first time as it sold $78 million greenbacks to banks yesterday to help settle import payments, a central bank official said. Since the beginning of this fiscal year in July, the central bank has so …