Banking & Commodity

The price of edible oil may rise again in Bangladesh if it is increased in Brazil as the country imports it from the Latin American country, said Commerce Minister Tipu Munshi on Saturday. The minister said this while talking to journalists at Sheikh Shafi Commerce College in Lalmonirhat. “The prices …

Bangladesh Bank yesterday asked banks to run operations with 50 per cent of their workforce until February 6 by introducing alternate-day duty rosters immediately in order to tackle the third wave of the coronavirus pandemic. However, banks can also decide for themselves the number of employees they will have in …

Bangladesh Bank has introduced a new credit guarantee facility to speed up loan disbursement to landless farmers, low income professionals, school banking account holders and small traders. The SME & Special Programmes Department of BB issued a circular on Sunday titled “Financial Services Credit Guarantee Scheme” in imitation of the …

The prices of soya bean oil and eggs went up on the kitchen markets in the capital, Dhaka, over the week ending Friday. Traders said that wholesalers raised the price of unpackaged soya bean oil while the price of eggs increased due to a supply shortage. The price of unpackaged …

Bangladesh Bank yesterday extended the relaxed loan repayment facility for shipbuilders in a bid to help the industry tackle adversities derived from the ongoing coronavirus pandemic. As per the central bank decision, shipbuilders will get another two-year moratorium to pay back bank loans. In April 2018, Bangladesh Bank relaxed the …

For the first time in history, Bangladesh Bank yesterday fixed minimum salaries for entry level bank officials in a bid to encourage talented youths to choose banking as a career and play a role in the nation’s economic advancement. The central bank said the entry level salary of assistant officers, …

The central bank has asked all banks and non-bank financial institutions (NBFIs) to utilize digital trading platforms in providing micro, small and medium enterprises (MSMEs) access to receivable financing. The Bangladesh Bank on Monday issued a circular in this regard conforming with the “Guidelines for Local Factoring/Receivable Financing through Digital …

Bangladesh Bank has issued fresh instructions to banks in a bid to avoid any volatility in the forex market. On Tuesday, it instructed commercial banks not to open letters of credit (LCs) for those without lawfully renewed Import Registration Certificates (IRCs). In another notice on Monday, the central bank asked …

Consumers have been paying increased prices to buy edible oil, the essential commodity for preparing foods, over the last couple of days even though the commerce ministry yesterday said prices would not increase in the next two weeks. Yesterday, retail prices of loose soybean oil were at Tk 145 to …

Bangladesh has beat its record in tea production as a total of 96.50 million kilogrammes (kgs) of the plant were produced by 167 farms across the country last year. This is the highest annual yield on record, eclipsing 2020’s harvest by a good 10.111 million kgs, according to officials of …