Banking & Commodity

Bangladesh has fetched $1.04 billion from the exports of agricultural products during the July-April period of current 2021-22 fiscal year, posting a 26.26 percent growth over the same period of the last fiscal year. Export of agricultural products during the same 10-month of the last fiscal year was $824.59 million, …

The prices of onions and garlic almost doubled while unpackaged soya bean oil and palm oil were being sold at exorbitantly high prices on the markets over the week ending Friday. The prices of red lentil, potatoes and eggs also went up on the kitchen markets of Dhaka city on …

Members of the Directorate of National Consumer Rights Protection (DNCRP) have seized 2,100 liters of soybean oil in a raid at three shops in Muktarpur and Rikabibazar areas of Munshiganj Sadar upazila. The shopkeepers were selling the edible oil openly to consumers at Tk 200 per litre instead of the …

The Bangladesh Competition Commission filed cases against eight edible oil companies on Wednesday for manipulating the key cooking ingredient’s local production and supply. The companies are: City Edible Oil Limited (Teer), Bangladesh Edible Oil Limited (Rupchanda), Meghna and United Edible Oils Refinery Limited (Fresh), Bashundhara Oil Refinery Mill (Bashundhara), Shabnam …

Bangladesh is still in a suitable position in terms of public debt, but it may be pushed to yellow rating after FY25 as spending on high value foreign debt is rising on non-productive sector, a new study shows. Both public and private sector debt from external sources have increased in …

Rupali Bank, the only listed state-run lender, is lacking in its capital adequacy ratio, said its audit report for 2021. The lender will be required to maintain a minimum capital to risk weighted assets ratio (CRAR) of 10 per cent of the total risk weighted assets (RWA) in line with …

Traders have also continued to increase the prices of locally produced mustard and rice bran oils, cashing in on an abnormal price spiral of soya bean and palm oils for months. Though the government has repeatedly affirmed that the country has ample stock of soya bean and palm oils, an …

The Trading Corporation of Bangladesh (TCB) will resume selling soybean oil at Tk 110 a litre to one crore TCB cardholder families from next month, Senior Commerce Secretary Tapan Kanti Ghosh said yesterday. “We are procuring edible oil from local and international markets to sell at lower prices as the …

The government has once again increased bottled edible oil prices by Tk 38 a litre and the loose ones by Tk 44 a litre with effect from Friday. A litre of bottled soybean oil will now be sold at Tk 198, up from Tk 160, and the loose soybean oil …

Sale at footpath shops has gained momentum in the city as the low-income people are thronging these makeshift shops for buying clothes and other items at cheaper prices. Most of the footpath shops in Dhaka’s busy areas including Motijheel, Gulistan, Baitul Mukarram, Farmgate, New Market and Mirpur were bustling with …