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The prices of chicken and egg started to decline at both retail and wholesale levels since the beginning of the last week. On Saturday, broiler chicken was sold at Tk155-Tk160 per kg, which was Tk165-Tk170 per kg a week ago. Meanwhile, sonali chicken was sold at Tk290-Tk300 per kg, which …
Read More »Food insecurity, poverty rise in Bangladesh: FAO
Bangladesh is suffering from severe localised food insecurity owing to economic constraints, refugee influx, floods and high prices of important food items, said Food and Agriculture Organization (FAO) in its latest report released on Friday. “Food insecurity as well as poverty levels has increased, due to income losses caused by …
Read More »25,000 shrimp and prawn farmers’ productivity increased under ‘SAFETI’ project
The Safe Aqua Farming for Economic and Trade Improvement (SAFETI) project in Bangladesh was a six-year project funded by the US Department of Agriculture (USDA). Its mission was to increase agricultural productivity by improving the production and management of hatcheries and farms in the shrimp and prawn value chains to …
Read More »Government extends renewal period of import-export licences
The Ministry of Commerce on Wednesday approved the extension of renewal period of existing licenses or registrations of the importers and exporters for enhancing ease of doing business. In a circular issued by the ministry on the day, the validity of the existing import registration certificate (IRC) and export registration …
Read More »No bank allowed to file cheque dishonour case: HC
The High Court (HC) came up with an order, saying no bank or financial institute will be allowed to file cheque dishonour case while recovering loan. A single judge bench of Justice Md Ashraful Kamal passed the order, allowing an appeal of a customer, who has been convicted and sentenced …
Read More »Banks thrive on fees but core business suffers
Most of the listed banks in Bangladesh logged higher profits in the January to September period of 2022 on the back of increased incomes from commissions and fees whereas their core business suffered from the slowdown in the economy. Despite a lower turnover in the stock market owing to the …
Read More »Banks to be stripped of power to waive interest on loans
Bangladesh Bank is seeking to curtail the power of the banks’ board of directors to waive interest on loans without consultations with the relevant departments. The central bank’s Banking Regulations and Policy Department on Wednesday issued a circular in this regard, reports UNB. It instructed the banks that in case …
Read More »BB announces Tk 5,000cr refinance scheme for ensuring food security
Bangladesh Bank (BB) has announced a refinancing scheme of Tk5,000 crore for farmers aiming to ensure food security. Under this scheme, farmers will be provided with loans at an interest rate of only 4 percent, according to a BB circular issued today. Besides, banks will be able to borrow from …
Read More »Spiralling Prices Sugar Turns Sour
The continued spiralling prices of sugar, which has more than doubled since 2020, is making it dearer for the general people who are already struggling amid a price hike of essential commodities. Sugar Price Hits Fresh High Sugar price has hit a fresh high at Tk 125 per kilogram in …
Read More »Remittance through agent banking passes 100,000C-mark
Total remittance flow through the local agent banking channel has crossed the Tk100,000 crore-mark since its inauguration in 2013, boosting rural savings in the process, according to the Bangladesh Bank. Central bank data showed that remittance more than Tk106,000 crore has been distributed through agent banking till September this year. …
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