Banking & Commodity

The prices of broiler chicken, onions, garlic and ginger increased in the city’s kitchen markets over the week ending Friday ahead of Eid-ul-Fitr, one of the biggest religious festivals of the Muslims.

Meat prices are much higher than prices set by Dhaka South City Corporation

Fourteen banks on Monday signed separate agreements with the Bangladesh Bank to disburse Tk 150 billion in loans as part of refinancing facilities to support the implementation of the stimulus package for large industries.

The Bangladesh Bank has refrained from imposing a lending rate ceiling on non-bank financial institutions after more than two months of imposing such limit on the country’s banks.

Fourteen banks on Monday signed separate agreements with the Bangladesh Bank to disburse Tk 150 billion in loans as part of refinancing facilities to support implementation of the stimulus package for large industries.

The steel sector in Bangladesh has incurred approximately Tk 30 billion losses in March-April this year due to a drastic fall in demand and halt in steel production for coronavirus pandemic.

With the Covid-19 pandemic going on, the government has called general holiday, urging people to stay at home. In these trying times, the country’s e-commerce platform PriyoShop is performing

The government’s borrowing from the country’s banks to meet budget deficit increased to Tk 81,000 crore as of May 13 this fiscal year due to a dismal revenue collection amid the global coronavirus outbreak.

Bangladesh Bank (BB) has increased the loan limit of its Export Development Fund (EDF) to US$30 million from $25 million.

Trading Corporation of Bangladesh (TCB) has long been hamstrung by capital shortfall, making it difficult for the agency to carry out timely market intervention, officials said.