Sugar market: from state to private control
Five companies are enjoying an oligopoly in the sugar market, which was worth more than Tk 9,000 crore in fiscal year 2022-23, as they have expanded their refining capacities to meet increasing demand.
1d ago
Edible oil market now controlled by big four
Data from the National Board of Revenue (NBR) shows that nearly 25.7 lakh tonnes of soybean and palm oil were imported in 2023, with the four companies accounting for 80 percent of the total amount.
2d ago
NBR issues 'electric seal and lock rules' for fourth time
Earlier, there was a provision for the service providers to be appointed by a committee appointed by the board, said Rahman. Now the company which can provide this service at a low cost will be given the job, he explained.
1w ago
NBR issues gazette to process imports faster
The National Board of Revenue (NBR) has issued a gazette notification stipulating that imports have to be declared well in advance of the previous deadline for notifying of their arrival, all to reduce false declarations and enable quick releases.
3w ago
Matarbari Power Plant: Tk 93 lakh for two pipe cutters!
On January 9, 2024, a small shipment weighing 344.5 kilograms arrived at Chattogram port. The shipment worth $250,863 (Tk 2.75 crore) contained 19 pieces of small tools such as hammer, metal pipe cutter and silicon guns imported for state-owned Coal Power Generation Company Bangladesh Limited (CPGCBL), which is constructing Matarbari power plant in Cox’s Bazar.
3w ago
Why do high prices persist despite govt steps?
Consumers were not spared even during the fasting month of Ramadan, a time to show self-restraint, even though there have been a lot of promises and drives on the part of the government. Therefore, while devotees perform their religious duty, the escalated prices of essentials have continued to give them hard times.
Sugar prices edge up as traders tighten supply
Sugar prices have gone up at both the wholesale and retail levels amid hoarding by traders on speculation of reduced supply after the fire incident at S Alam Refinery, one of the largest raw sugar importers and refiners in Bangladesh.
Electric vehicles etching their way into domestic automobile industry
The automobile industry of Bangladesh is seeing a notable shift towards electric vehicles (EVs) with BYD Auto Co Ltd, the world’s biggest EV maker, set to launch its Seal model on the domestic market.
February 6, 2024
Steel products get costlier as customs hikes assessment value
The prices of all types of steel products have gone up by Tk 5,000 to Tk 15,000 per tonne within the span of a week after the customs department increased the assessment value by a large margin, traders said.
January 21, 2024
Essentials in Ramadan: Dollar crisis, hoarding jack up prices
With Ramadan less than two months away, the prices of chickpeas, dried peas, dates, and soybean oil have increased in Dhaka and Chattogram.
December 30, 2023
Sinohydro flouting duty-free import rules
Chinese state-owned company Sinohydro Corporation Limited imported equipment, vehicles and accessories worth about $103 million or Tk 1,145 crore in the last nine years under duty-waiver facility.
December 29, 2023
Import of 30 high-in-demand products down 26%
The import of 30 goods, which are in high demand in industry, farming and households, through Custom House, Chattogram has dropped in volume by 26 percent in the first five months of fiscal year 2023-24 compared to the same period of last year.
December 1, 2023
Wheat prices climb after forex shock
wheat saw prices per kilogramme (kg) increase by 9.20 percent to 14.29 percent
November 13, 2023
Kashmir houseboat fire: A return ticket that will never be used’
The suggestion that solar power should lead Bangladesh’s charge into a renewable energy revolution is often met with the skeptical remark that we don’t have enough land. But a recent study by Coastal Livelihood and Environmental Action Network and Bangladesh Environmental Lawyers Association says otherwise.
November 2, 2023
Transport cost goes up, impacting price of essential goods
A three-day blockade enforced by major opposition parties and protests of garment workers disrupted the supply chain of daily essentials and sent the cost of transport higher, according to industry people and traders.
October 30, 2023
Onion prices jump overnight
Onion prices at wholesale and retail markets in Bangladesh rose yesterday after India set a minimum price of $800 per tonne on exports of the bulb.
October 28, 2023
Bangabandhu Tunnel: A new era dawns in road communication
The country’s first tunnel, named after Bangabandhu Sheikh Mujibur Rahman, built under the Karnaphuli river opens today, ushering in a new era in road communication.
October 28, 2023
‘It was technically complex, challenging’
Md Harunur Rashid Chowdhury, who is an additional chief engineer at the Roads and Highways Department, has served as the director of the Bangabandhu Sheikh Mujibur Rahman Tunnel project since February 2018, with his term extended three times until February 2024.
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