Banking & Commodity

Banks will provide a special benefit of Tk0.50 for each US dollar to repatriate the export income of December and January by February 28. A meeting of managing directors (MDs) of state-owned and private banks has decided that the special benefit of an additional Tk0.50 against each dollar of export …

A four-day international plastic fair will begin in the capital’s International Convention City Bashundhara (ICCB) Wednesday. The “15th International Plastic Fair 2023” will run till February 25. Industries Minister Nurul Majid Mahmud Humayun will inaugurate the exhibition, Bangladesh Plastic Goods Manufacturers and Exporters Association President Shamim Ahmed said at a …

Banks will provide a special benefit of Tk0.50 for each US dollar to repatriate the export income of December and January by February 28. A meeting of managing directors (MDs) of state-owned and private banks has decided that the special benefit of an additional Tk0.50 against each dollar of export …

An event titled “New Financing Solutions for Energy Efficiency Interventions” was held at Hotel InterContinental Dhaka on Sunday. Md Khurshid Alam, executive director, Bangladesh Bank, attended the event as chief guest, said a press release. In his speech, he highlighted various initiatives that have been undertaken by the government to …

Bangladesh Bank Deputy Governor Ahmed Jamal today said that the Bangladesh Bank is always committed to provide policy support to the exporters and importers. “Given the ongoing situation due to Covid-19 pandemic, Bangladesh Bank extended policy supports to international trade by the ways of (a) extending repatriation of export proceeds, …

Cooking oil has witnessed a further hike in its prices in the past several days as prices of palm and loose soybean oil increased again by Tk4-7 on the litre. Market insiders said it was highly unnatural, given how global prices of the two cooking oil varieties had gone down …

The non-performing loans in Bangladesh’s financial sector increased by Tk 17,383 crore in 2022, allegedly due to the indifference of the government and Bangladesh Bank. The defaulted loans soared to Tk 1, 20,656 crore at the end of December 2022 from Tk 1, 03,273 crore in the same period of …

Inflation or prices of many products, including essential commodities, will come down if the same happens in international markets or if import duties are adjusted, not if interest rates are hiked, said FBCCI President Md Jashim Uddin yesterday. “If the interest rate is increased, will people buy less? Already people …

Russia and Ukraine have become major sources of wheat for Bangladesh after India’s ban of its shipment, thanks to a United Nations and Turkey brokered grain deal that allowed moving the cereal from Ukraine over the Black Sea. Importers said they started importing wheat from both countries a couple of …

The price of broiler chickens soared to Tk 230 a kilogram while beef and eggs became costlier on the kitchen markets in the capital Dhaka over the week ending Friday. Broiler chickens and eggs continued becoming costlier in the city for the past three weeks. Retailers said that farm owners …