Padma Bridge to reduce industry, tech gaps in south
Padma Bridge will not only increase connectivity in Bangladesh, but also revolutionise the industrial landscape in southern parts of the country by creating new business avenue of opportunities, according to various entrepreneurs.
26 June 2022
Refrigerator makers, retailers enticing buyers with Eid offers
Refrigerator manufacturers and retailers in Bangladesh have come up with numerous offers to lure in customers ahead of Eid-ul-Azha, the biggest sales season for home appliances in the country.
19 June 2022
SME suppliers’ platform set up for women entrepreneurs
The SMEF Suppliers Platform for Women Entrepreneurs has been created in collaboration with the World Bank and SME Foundation to support the sale of products produced by women entrepreneurs to corporate houses in Bangladesh.
16 June 2022
VAT reduction extended for cylinder makers
The National Board of Revenue (NBR) has extended for another year a value added tax (VAT) reduction for local liquefied petroleum gas (LPG) cylinder manufacturers, who believe it would help keep fuel prices low against rising demand.
12 June 2022
Priorities are set accurately, but inflation will be biggest headache
The leading chambers and trade body leaders have praised the government for fixing the priority areas of development, but they also said controlling inflation will be biggest headache for the Sheikh Hasina administration in the next fiscal year.
10 June 2022
Edible oil price shock continues
The government yesterday increased the price of soybean oil by Tk 5 to Tk 7 per litre, dashing the hopes of the edible oil market in Bangladesh cooling off anytime soon.
9 June 2022
Wheelchair, hearing aid to be cheaper
The prices of specialised wheelchair for the physically challenged may fall in the next fiscal year as the finance minister today proposed abolishing all kinds of taxes at the import stage of the item.
9 June 2022
Cup of coffee will cost you more
Coffee prices may rise as the finance minister today proposed imposing 20 per cent supplementary duty on processed and ready-to-consume coffee.
9 June 2022
Import duty cuts on wheat gluten, sugarcane molasses
Finance Minister AHM Mustafa Kamal has proposed reducing the import duty on wheat gluten and sugarcane molasses to ensure supply of protein and dietary sugars at a lower price, thereby reducing production costs of the livestock industry.
9 June 2022
Penalty halved for missing VAT, turnover tax return deadline
The government has cut the fine by half in the case of failure of filing value-added tax (VAT) and turnover tax returns by the due date.
9 June 2022
Price hike of essentials: Noose tightens on low-income groups
The cost of living has gone up but the incomes of most consumers have not. It is not just the prices of edible oil and rice that are hurting, it’s almost everything they need in the kitchen every day.
9 June 2022
Exports of leather, goods go past $1b again
Exporters in Bangladesh raked in more than $1 billion in the shipment of leather, leather goods and footwear in the first 11 months of the current fiscal year despite a slowdown in May owing to supply chain disruptions and the fallout of the Russia-Ukraine war, official figures showed.
5 June 2022
Edible oil: Prices drop in global markets, not at home
Even though prices of loose palm and soybean oil have dropped in wholesale markets, consumers are not being able to reap the benefits as retailers are still selling those at the government-fixed prices.
5 June 2022
Fresh blow for consumers as powdered milk prices rise
Powdered milk prices have increased by Tk 50 to Tk 80 per kilogramme (kg) as rising transportation charges and the growing value of US dollars pushed up costs in the international market.
2 June 2022
NBR’s struggle to collect VAT from retails continuing for years
On April 5, the revenue authorities held a draw of the lottery of sales receipts issued by the stores using electronic fiscal devices (EFDs).
31 May 2022
Accelerate use of EFDs, ramp up monitoring
The National Board of Revenue should accelerate the use of electronic fiscal devices (EFDs) and ramp up monitoring to eliminate non-compliance with a view to raising more value-added taxes using technologies, said former top taxmen and economists.
31 May 2022
Eggs: Latest on the price hike menu
Consumers in Bangladesh are already facing a difficult time meeting their demand due to the increase in the prices of essential commodities. And now they are forced to spend more money to buy eggs, the low-cost sources of protein.
29 May 2022
AC sales return to pre-pandemic level
Air conditioner (AC) sales are growing steadily in Bangladesh thanks to increased demand from the country’s upper middle-class, modern offices and factories as consumers seek to escape hotter summers.
28 May 2022
Now comes sugar price shock
Consumers are already bearing the brunt of the high prices of edible oil, wheat and rice for the Russia-Ukraine war and unfavourable weather conditions on the domestic front.
26 May 2022
Palm oil: Local prices fall as Indonesia lifts ban on exports
Palm oil prices in domestic wholesale and retail markets have started cooling off after Indonesia announced that it would resume exports of the product.
24 May 2022