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Jan 13, 2025 | 
thedailystar.net | Sukanta Halder
Recent supplementary duty (SD) hikes on the import of fruits have dealt a fresh blow to people who were already cutting back on these delicacies since the imposition of regulatory duties in mid-2022. On January 9, the National Board of Revenue (NBR) increased the supplementary duty on the import of certain dry and fresh fruits, such as nuts and betel nuts, to 45 percent from the previous 30 percent.
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Jan 13, 2025 | 
thedailystar.net | Sukanta Halder
Recent supplementary duty (SD) hikes on the import of fruits have dealt a fresh blow to people who were already cutting back on these delicacies since the imposition of regulatory duties in mid-2022. On January 9, the National Board of Revenue (NBR) increased the supplementary duty on the import of certain dry and fresh fruits, such as nuts and betel nuts, to 45 percent from the previous 30 percent.
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Jan 12, 2025 | 
thedailystar.net | Sukanta Halder
Imports of most essential commodities related to Ramadan increased in the first six months of the current fiscal year 2024-25, with the Bangladesh Trade and Tariff Commission (BTTC) stating that the prices of these items, whose demand rises during the fasting month, would remain stable.
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Jan 12, 2025 | 
thedailystar.net | Sukanta Halder
Small traders and businesses have decried the abrupt cuts in value-added tax (VAT) and turnover tax thresholds by the revenue board, saying this will put more pressure on consumers and eventually reduce sales. The National Board of Revenue (NBR) on Thursday night lowered the thresholds for VAT registration to Tk 50 lakh and turnover tax to Tk 30 lakh, from previous levels of Tk 3 crore and Tk 50 lakh, respectively.
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Jan 9, 2025 | 
thedailystar.net | Sukanta Halder
Local agro-processing giant Pran plans to invest an additional Tk 600 crore in its poultry business within the next two years, responding to the country's growing demand for eggs and chicken. Pran's existing poultry farm in Habiganj's Chunarughat area currently produces as many as 5 lakh pieces of eggs per day.
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Jan 8, 2025 | 
thedailystar.net | Sukanta Halder
Edible oil prices have been rising over the past week in the local market, as grocers say they are not getting enough supplies from the cooking oil companies. Amid the supply shortage in the retail market, soybean and palm oil refiners have proposed the authorities review the prices, which were raised just a month ago.
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Jan 6, 2025 | 
asianews.network | Sukanta Halder
January 7, 2025DHAKA – The exports of fresh vegetables decreased 57.93 percent year-on-year in the first six months of the current fiscal year, official figures showed. Vegetables fetched $70.36 million in the July-December period of fiscal year 2023-24, and in the same period of fiscal year 2024-25 it was $29.60 million, according to data from the Export Promotion Bureau (EPB).
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Dec 11, 2024 | 
thedailystar.net | Sukanta Halder
Non-life insurance companies in Bangladesh have settled just 10 percent of claims in the first nine months of this year, as per data of the Insurance Development and Regulatory Authority (IDRA). During the same period last year, it was 15 percent. Between January and September of this year, the claims amounted to Tk 3,140 crore. In the corresponding period in 2023, it was Tk 1,951 crore.
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Dec 5, 2024 | 
thedailystar.net | Sukanta Halder |Nazrul Islam
The interim government has reduced taxes and duties on soybean and palm oil to lower prices amid high inflation but this has not helped raise imports. Instead, there is a shortage of bottled edible oil in the markets. Oil importers and refiners said they have reduced imports apprehending losses as market prices were below what they would have to pay for purchases from abroad.
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Dec 5, 2024 | 
thedailystar.net | Sukanta Halder
Retailers of branded apparel, shoes and cosmetics in Bangladesh got a fairly good response from customers upon offering discounts and cashback on Black Friday amid high inflationary pressure and political uncertainty in the country. Retailers said they offered different discounts and cashback opportunities to encourage shopping as winter approaches. Besides, there were some seasonal products in stock from the summer, which would be difficult to sell next summer.
