It was mentioned in the master LC, back-to-back LCs and usage declaration (UD) that a discrepancy of 3 per cent in the goods is acceptable, but the customs officials disregarded this provision. They said that even if the excess goods are 2,600 kg, there should be no problem. According to traders, such incidents of harassment […]
Most economic indicators – inflation, dollar crisis, foreign exchange reserves – have worsened, resulting in increasing pressure on the overall economy. The cost of doing business has increased due to the increase in interest rates by Bangladesh Bank. The banking sector has become weak as money is being taken from banks in real and fake […]
Foreign Secretary Masoud bin Momen told Prothom Alo that the Emir of Qatar himself said that he was surprised to see Bangladesh in his eyes. At one stage of the meeting he expressed his surprise at the development activities in Bangladesh and said, “Seeing is believing.” This shows that there has been a qualitative change […]
“Almost all BNP leaders have been released from jail on bail. Where is the oppression here? Is this not a contradictory statement?” He asked question. Regarding power import from Bhutan, the AL Secretary General said that he feels that India will not object to importing power from Bhutan using Indian territory. He said that the […]
Russian grain exports are projected to reach 65 million metric tons in the current 2023/24 season, compared to 60 million tons in the last marketing season. The Russian Federation does not publish official export statistics. IKAR analysts estimate wheat exports this season at around 52 million tonnes and SovEcon at 48.6 million tonnes. “So far, […]
Following the sudden price drop at the production level, the retail price of onion has fallen by at least Tk 30 in Dhaka's kitchen markets. There was a huge surge in onion prices even before Ramzan, prompting the authorities to take a special initiative to keep the market under control through import of Indian varieties. […]
The Bangladesh Shop Owners Association said the prices of 29 food products, including fish, meat, eggs, pulses and vegetables set by the Department of Agricultural Marketing (DAM) at the producer, wholesale and retail levels are absurd. The association also said that the prices estimated by DAM at the producer level are a figment of their […]
In 2022, the government increased duties on imported dates in an effort to keep imports under control. It consisted of 25 percent import duty, 15 percent VAT, 5 percent advance income tax, 5 percent advance tax and 3 percent regulatory duty. The total tax burden was 59 percent. Recently, the government cut import duty by […]
Teknaf Paurashwa Panel Mayor Mujibur Rahman said 30-35 mortar shell explosions were heard in Keriprang and Perangpru villages, south of Mongdu township, between Wednesday evening and early Thursday morning, and hit the Jaliyapara, Chowdhurypara, Kulalpara and Delpara areas of Teknaf. Moved. Municipality. Bangladesh and Myanmar opened bilateral trade on 5 September 1995 to prevent border […]
The minister said that unscrupulous market syndicates increase the prices of essential commodities on various pretexts. Hasan said that it is true that those who want to topple the government are also associated with this syndicate. Rangunia Samity, Dhaka President Md. Ghiyas Uddin Khan presided over the event. Whip Saimum Sarwar Kamal, Foreign Secretary Masood […]
Gas Transmission and Distribution Company Limited (GTCL) has two parallel pipelines to bring LNG from Maheshkhali. It comes up to Anwara in Chattogram. Of these, a maximum of 500 million cft can be moved through a 30-inch pipeline and 1.2 billion cft can be moved through a 42-inch pipeline. However, after Anwara station, the pipeline […]
Mayor Lytton said they had been working to start a river port for more than five years. Ultimately this happened due to the sincere efforts of Prime Minister Sheikh Hasina. The river port will be used mainly for import of stone, fly ash, stone, coal, fruits and spices from India as well as export of […]
In response, Piyush Goyal said that India is committed to ensuring economic and financial stability in Bangladesh. He assured to accept the request of Bangladesh Foreign Minister for supply of essential commodities. He stressed on further improving trade and commerce relations between the two countries. Other issues discussed included holding regular meetings, including a Commerce […]
Additionally, VAT on import of refined and unrefined soybean and palm oil has been fixed at 10 percent instead of the existing 15 percent. This will remain in force till April 15. Meanwhile, before Ramadan, the import duty on dates has been reduced by 10 percent. The current duty is 25 percent which will remain […]
Currently, the country is facing severe gas crisis as the production has reduced to around 2500 million cubic feet per day (MMCFD) while the demand is around 4000 MMCFD. As a result, domestic consumers in many areas are unable to get gas for cooking while electricity and industrial production are being severely disrupted due to […]