Banking & Commodity

The previous deadline was set to expire on March 31

Entrepreneurs with innovative ideas will get up to Tk 1 crore in loan from the Bangladesh Bank’s Tk 500 crore start-up refinance fund against personal guarantee and academic certificate.

The Bangladesh Bank on Sunday asked scheduled banks to charge margins at a minimum rate against opening of import letters of credit for essential kitchen commodities ahead of the month of Ramadan.

Bangladesh produces 86 per cent of the world’s hilsa, that is, 533,000 tonnes. And in all likelihood it will be possible to produce 700,000 tonnes. Even four years ago Bangladesh would produce 65 per cent of the world’s hilsa. India ranks second in producing this fish and Myanmar third. Hilsa …

Bangladesh Bank has decided to increase the size of its export development fund (EDF) as it reaches out to businesses tackling slowdowns from a recent resurgence in daily Covid-19 cases, the highest since last July.

The prices of chicken and edible oil increased further on the kitchen markets in the capital, Dhaka, ahead of Shab-e-Barat, a religious festival for the Muslims to be observed Monday night.

BB to waive Tk 89cr of its penalty

Prices of chicken meat have risen after growing social gatherings and ensuing Shab-e-Barat and Pahela Baishakh festival fuelled the demand for the protein, said industry operators yesterday.

The Bangladesh Bank on Monday said that non-bank financial institutions would be allowed to issue up to 30 per cent dividend to their shareholders.

The government has decided that security money submitted by rice mill owners will be forfeited for failing to supply the agreed quantity of aman rice to the buffer stock as per agreements between the Department of Food and the millers.