Banking & Commodity

Bangladesh Bank was ultimately able to restore its server six hours after it had gone down. An executive director of Bangladesh Bank’s Maintenance department verified the incident, however, the official could not explain why it occurred. Due to the server crash, other commercial banks’ card-based transactions, including a few overseas …

The fire at Bangabazar on Tuesday morning not only affected shop owners at the apparel shopping complex in Dhaka’s Gulistan, but also other players in the supply chain. For example, many traders accepted deferred payments for supplying goods to retail outlets at the market, much of which was razed by …

The deficit in Bangladesh’s financial account widened substantially in the first eight months of the ongoing fiscal year, in an indication that the current stress in the foreign exchange regime will continue in the coming months. Between July and February of 2022-23, the financial account of the balance of payments …

The Bangladesh Bank has finally agreed to move away from the 9 per cent interest rate ceiling on loans and implement a market-based rate from July 1. Banks have been following the interest rate cap since April 2020 in line with the central bank’s instructions. Analysts have long been demanding …

Bangladesh Bank yesterday decided to give Nagad Finance PLC the licence to perform as a non-bank financial institution (NBFI) in the country’s financial sector. Md Mezbaul Haque, spokesperson of Bangladesh Bank, said the central bank’s board of directors took the decision at a meeting at its headquarters in Dhaka. The …

The prices of potato and onion increased on the kitchen markets in the capital Dhaka on Friday while the prices of broiler chicken and some of the vegetables decreased over the week. However, the prices of many other essential commodities, including rice, atta, edible oil, sugar and beef, remained high …

Commerce Minister Tipu Munshi has said the prices of many essential commodities have already come down and the trend may continue to further ease the situation. “Although the prices of some products marked increase during the current holy month of Ramadan, the same have come down now,” the minister said …

Bangladesh Bank has asked banks and non-bank financial institutions to raise their loan disbursement ratio for cottage, micro, small and medium enterprises (CMSMEs) to 25% of their outstanding loans by 2024. From next year, of all the loans provided to this sector, 50% must be distributed among cottage, micro and …

The Average daily transaction of mobile financial service (MFS) has crossed Tk3200 core and its volume shows a growing trend, said the latest report of Bangladesh Bank (BB). Analysing the data of 13 MFS in the country the BB report said that MFS gets popular in Bangladesh due to convenient …

The Department of Justice (DOJ) of the Philippines has said it will provide assistance to Bangladesh over the Bangladesh Bank heist in 2016. “We are trying to be of assistance to them. When our foreign friends ask for assistance, we do that. Tinutulungan talaga natin kasi (We help because) it’s …