The government should not raise fuel prices in the current fiscal year despite their record spike in global markets to give some respite to the people buckling under pressures for rising costs for essentials, said the Centre for Policy Dialogue (CPD) and economists yesterday. They argued that since there is …
Read More »Further hike in gas price will come as a big blow to masses: speakers
Speakers at a webinar on Saturday said that if gas prices are raised again for the household consumers in the current situation, it will come as a big blow to the masses amid the price hike of essentials. “Really, the people are in a grim situation… the queues for TCB …
Read More »TCB to start selling essential items for low income people from Sunday
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 …
Read More »Bangladesh seeks $22.4m insurance money for ship hit by missile in Ukraine
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 …
Read More »Mongla EPZ finally begins to buzz
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 …
Read More »Bangladesh’s taxation system benefits political elite, target groups, reveals policy documents
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 …
Read More »Farmers need tech, policy support, say experts
Experts and stakeholders have stressed empowering and grooming the next-generation farmers with policy support and equipping them with advanced technology for the development of the agriculture sector. They also suggested major interventions in the sector that include climate adaptation, public-private partnership (PPP) coordination and collaboration, farmer-friendly policy and strategy, removing …
Read More »Made-in-Bangladesh locomotive parts in the offing to save money, create jobs
Bangladesh is going ahead with a plan to manufacture at least 50 per cent of the railway parts in the country to save a chunk of foreign currency and create jobs. A draft policy prepared with this objective is likely to be finalized this month, sources at state-run Bangladesh Railway …
Read More »Taskforce to be formed to curb price hike: Tipu
Commerce Minister Tipu Munshi today said the government will form a taskforce in a day or two to check price hike. “Some traders are trying to take advantage of the rising prices in the international market. But we have fixed the price through talking with the traders. We will not …
Read More »Rent can soar for excess port stays of containers
Container storage rent at the Chattogram port from tomorrow could quadrupled for stays of excessive periods as Chittagong Port Authority (CPA) looks to force importers to promptly take deliveries and free up space. Over the past couple of weeks, importers had been apparently slow in picking up their goods every …
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