Prime Minister Sheikh Hasina on Wednesday asked foreign buyers to raise the prices of Bangladeshi garment products which will ultimately be spent on ensuring the further welfare of RMG workers. The Prime Minister made the request when Dutch Ambassador to…
Rock Ronald Rozario and Stephan Uttom For Abdur Razzak cows conjured up images of fortune. He knew that acting on such thoughts would be dangerous and even cost him his life. Illiterate and impoverished, this Muslim villager found no other…
Traders in various Dhaka markets have hiked meat prices ahead of upcoming Eid-ul-Fitr, allege consumers.Bangladesh Meat Traders’ Association says chicken and mutton sellers have increased prices without good reason.
Footpath vendors at the capital’s Motijheel, Gulistan and Baitul Mukarram areas are dejected over lack of sales barely a week ahead of Eid.For the drop in their fortune, they blame mushrooming of clothing outlets in different neighbourhoods.
The hot green chilli is not only scalding the buyers’ tongue but also burning a hole in their budget as prices have almost doubled in a week.One kilogram of green chilli was being sold at Tk 120 to 150 at…
Minister for Food Advocate Quamrul Islam yesterday questioned the authenticity of newspaper reports regarding the imported wheat from Brazil describing it to be rotten. “Actually the Brazilian wheat does not look beautiful but their quality is good,” he observed while…
Commerce Minister Tofail Ahmed has told Parliament a High Court stay order has allowed five multi-level marketing companies to continue cheating people out of their money although their licences are cancelled. “The ministry, we decided, review (their licence). These people…
Four great crises around Europe’s fringes threaten to engulf the European Union, potentially setting the ambitious post-war unification project back by decades.The EU’s unity, solidarity and international standing are at risk from Greece’s debt, Russia’s role in Ukraine, Britain’s attempt…
The Eid-ul-Fitr shopping spree is peaking by mid-Ramadan, but the crowds fail to satisfy the shopkeepers.On Friday, the weekly holiday, customers flooded New Market, Chandnichawk, Gausia Supermarket, Bashundhara City, Jamuna Future Park, and shopping malls at Gulshan, Banani, Dhanmondi, and…
Women police have been guarding renowned shopping malls and markets under Ramna Crime Division of Dhaka Metropolitan Police (DB) to ensure security of female shoppers from today (Monday). Sources at the DMP headquarters said female police has already started their…
The Cabinet has greenlighted the amendment to the Value Added Tax and Supplementary Duty Act, 2012, with a provision to raise the VAT exemption ceiling to Tk 3 million.The threshold is currently at Tk 2.4 million.
Commerce Minister Tofail Ahmed has urged Finance Minister AMA Muhith to reduce the 1 percent tax at source for the apparel sector proposed in the budget for the 2015-16 fiscal year.Ahmed has sought a ‘tolerable’ rate of the tax at…
The prices of essential commodities on high demand during Ramadan are rising, while the vegetables prices dropped.The prices of lentils, palm oil, soybean oil, ginger, chicken and beef increased from those of the last week. But in the capital’s kitchen…
Hundreds of depositors have filed two criminal cases in Patuakhali Sadar police station, alleging they have been duped of nearly TK 200 million by RDP Finance & Investments MCS Limited.This company has been approved by the Ministry of Cooperatives. Its…
The US Food and Drug Administration has approved the factories of Bangladeshi pharmaceutical majors Square and Beximco.The two companies said this in separate statements on Tuesday.
Importers of mobile phones in Bangladesh want tax reduced to 10 percent.Bangladesh Mobile Phone Importers Association told a Sunday press conference that the tax should be ‘tolerable’ and not exceed ten percent.
Shop-owners have demanded withdrawal of a Value Added Tax (VAT) hike proposed in the budget for the 2015-16 fiscal.Bangladesh Shop-owners’ Association organised a press conference at Dhaka Reporters Unity to press for their demand on Saturday.
The price of food commodities used to make Iftar at the kitchen markets of Dhaka has doubled at the beginning of Ramadan, upsetting household budgets.The markets at Karwan Bazar, New Market, Hatirpool, Fakirerpool, Gopibagh and Mugdaparha charged Tk 5 to…
Businesses have demanded retaining 0.3 percent tax at source on export of readymade clothing.They have called for withdrawal of the one percent tax proposed in the budget for the 2015-16 FY.
Apex business body FBCCI has urged the government to take stern measures against anyone trying to manipulate the market.It has said there is adequate supply of essentials.
Department of Agriculture Marketing has sought cooperation from deputy commissioners and superintendents of police of all the districts to keep supply and prices of commodities stable during the Ramadan.Director Md Mahbub Ahmed sent letters to the district-level administrative and police…
Nepal will sign the Bangladesh, Bhutan, India and Nepal (BBIN) Motor Vehicles Agreement in Thimphu on Monday to facilitate transportation of both people and goods among the four SAARC member countries. Minister for Physical Infrastructure and Transport Management Bimalendra Nidhi…
Asia share markets made guarded gains on Friday and the dollar held firm in the wake of reassuringly upbeat US retail data, though the mood was cautious as Greek debt talks took yet another confusing turn.Activity was sparse with MSCI’s…
Saudi Arabia is ready to increase its oil output in the coming months to a new record to meet a rise in global demand, despite increased domestic use, a senior state oil company official said on Thursday. Ahmed Al-Subaey, Saudi…
A process is on to include private Bangladeshi recruiting agencies in the government-to-government system of sending workers to Malaysia.The Bureau of Manpower, Employment and Training (BMET) officials said the government was holding talks with Malaysia on the matter.
Mango trading has gained momentum with appearance of several varieties of mango in the markets of Rajshahi and Chapainawabganj districts.Besides the market, Hat and other growth centre ones, the mango-based trade and business has changed the rural economic scenario of the region as…
Finance Minister AMA Muhith’s budget proposals will create a favourable climate for stock markets, feels Dhaka Stock Exchange (DSE) chairman Justice Siddiqur Rahman Mia.”Whatever steps have been suggested in the budget proposals for the stock markets will end up boosting…
The stock market has opened the week’s trading on an upbeat mood, sucking in the impact of several incentives proposed in the 2015-16 budget.Of the traded issues, 146 moved up, 117 dropped and 49 remained unchanged.In Chittagong Stock Exchange (CSE),…
Geneva – A number of free trade and investment agreements, such as the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP), are currently being negotiated. A group of UN experts* have issued the following statement to express…
Finance Minister AMA Muhith has proposed a cut in corporate tax for companies listed on the stock market and a rise in the ceiling of tax-free dividend income.