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FBCCI chief plans Economic Institute

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will establish an Economic Institute for policy planning and designs. Jacobs & Cordova, the global authority on policy planning and design, will be a knowledge partner of the institute. Newly...

Poultry bird meat, fish and garlic became costlier last week raising sufferings of the consumers, especially the commoners, already battered with an upward trend in prices of commodities for the last several weeks. Some vegetables' prices showed a downward trend but most of other essential items remained static maintaining their previous high. Garlic, one of the main cooking ingredients in the country, became pricier last week from its previous high augmenting woes of the low-income people. Both imported and local garlic prices increased by 8-10 per cent as the imported variety hit Tk 160 per kilogram on Thursday. Local varieties were selling at Tk 90-120 a kg on the day. With the latest round of hike, the price of the...

Import duty on rice increases to 55pc

From now on, rice importers will require paying a total of 55 per cent duty as the government has increased the regulatory duty (RD) on rice import to 25 per cent from existing 3.0 per cent The decision was taken...