Banking & Commodity

Cultivation of malta on a commercial basis has gained popularity among the farmers in the district as they are getting excellent production in recent years. The cultivation of the juicy fruit is gaining popularity among the farmers in the district and now they are happy to see hopeful malta production …

The government’s borrowing from the Bangladesh Bank soared to Tk 72,700 crore at the end of September from Tk 55,866 crore in June. The government’s borrowing from the country’s banking system including the BB, however, was around Tk 12,000 crore in the July-September period of 2022 as the government repaid …

Bangladesh Bank Governor Abdur Rouf Talukder had quite a busy schedule over the weekend as he sat with top officials of both the International Monetary Fund, or the IMF, and World Bank, or the WB, in back-to-back meetings to discuss Dhaka’s request to get $5.5 billion in total in loans …

Most commodity prices declined globally in September, according to the World Bank, a relief for the import-dependent countries under pressure for higher import bills and runaway inflation. Energy prices fell 8.1 per cent in September, led by a decrease in natural gas and crude oil prices, the World Bank’s Pink …

The injection of the US dollar into the market by Bangladesh Bank has surpassed $4 billion so far in the current fiscal year, creating further pressure on the country’s foreign exchange reserves that are now depleting fast. Bangladesh Bank supplied dollars to the market to the tune of $4.15 billion …

The Department of Agricultural Marketing (DAM) under the agriculture ministry in early August had announced that marketing of miniket rice in the country’s markets has to be stopped. But apparently little state measure has come about in the last two months as miniket rice continues to be sold in the …

Deposits in poor’s bank accounts declined by 18.61 per cent in the second quarter ended in June 2022 compared with that in the same period of the past year. The hard-core poor’s deposits in bank accounts stood at Tk 201.37 crore at the end of June 2022 against Tk 238.84 …

The government today extended the reduced 5 per cent value-added tax on edible oil for another three months to continue the relief for consumers from the indirect tax burden. The extension up to December 31 comes after the benefit expired on September 30, according to a notification by the finance …

The government today reduced the palm oil (super) price by Tk 8 per litre and raised the sugar price by Tk 6 per kg. The new price will come into effect soon as refiners will publish a circular to this effect by tomorrow, Senior Commerce Secretary Tapan Kanti Ghosh told …

The Bangladesh Bank has given more emphasis on bond market development for long-term financing to rein in banks’ rising defaulted loans, said its governor Abdur Rouf Talukder on Monday. He made the comment at the opening session of ‘World Investors Week-2022’ at the Bangladesh Securities and Exchange Commission office in …