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Price hike of essentials weighs on 90pc people

Around 90 per cent of people of Bangladesh are forced to buy low-quality products when the prices increase as their incomes do not go up in keeping with the upward movement of basic items' prices, speakers said yesterday. "As the prices of goods increase, the income does not go up, which puts pressure on the family. As a result, mental and intellectual development is

Steel prices unlikely to cool off despite source tax cut

Steel prices unlikely to cool off despite source tax cut The cut in source tax in the proposed budget may not bring down the price of steel, meaning the cost of infrastructure and construction projects is unlikely to decline, manufacturers say. In the budget for the next fiscal year, Finance Minister AHM Mustafa Kamal has proposed to reduce the tax deducted at source on the supply of iron and iron products from 3 per cent to 2 per cent. Steel prices jumped 34 per cent in the last year as millers were compelled to hike the rates in the wake of spiralling scrap prices in the global market, making the construction of public projects and home building costlier.

Soya bean oil price goes up by Tk 9 per litre in Bangladesh

Soya bean oil price goes up by Tk 9 per litre in Bangladesh Staff Correspondent | Published: 22:44, May 27,2021 | Updated: 00:19, May 28,2021     The government on Thursday allowed edible oil refiners to increase the price of soya bean oil by Tk 9 a litre to Tk 153 a litre. On May 3, the government allowed them to increase the price of soya bean oil to Tk 141 a litre from Tk 139 a litre before Eid-ul-Fitr, celebrated on May 14, and to Tk 144 a litre after Eid. The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association in a press release on Thursday said that the one-litre bottle of soya bean oil would be sold for Tk 153 from Saturday while the five-litre bottle would be retailed at Tk 728.

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