Banking & Commodity

Several banks begin cutting staff salaries, BB still in dark

The prices of vegetables and broiler chicken increased on the kitchen markets in the capital on Friday a day after the government announced the proposed national budget for the financial year of 2020-21.

Midland Bank Limited (MDB) has made registration for ‘midland online’, its robust internet banking application, client-driven. 

Bumper production of Litchi has delighted the growers in the district as they are getting fair prices of the seasonal fruit despite the coronavirus situation.

Prices of some essential commodities witnessed a decline last week, according to the city’s kitchen market sources, giving consumers some relief during this pandemic period.

The agriculture sector took a major hit as farmers across the country suffered losses of Tk 565.36 billion during the general holiday announced by the government to contain the spread of COVID-19 pandemic.

PRAN is continuing to provide support to its contract farmers amid corona outbreak so that they do not face any obstacle to sell their produce. 

Cost of foreign import financing by the country’s local banks increased up to 2 percentage points in the last couple of months due mainly to a slump in earnings of the banks.

Bangladesh Bank (BB) has issued a guideline allowing non-bank entities for setting up necessary infrastructure in the country to provide electronic payment services to the customers of schedule banks and others.

The government has slashed its non-bank borrowing target by half to Tk 150 billion to finance the budget deficit of the current fiscal year ending on June 30, officials said.