Banking & Commodity

The Trading Corporation of Bangladesh is going to procure edible oil, sugar and lentil from local importers to distribute them at a subsidised rate among the low-income group. The cabinet committee on government purchase approved three proposals from the TCBin a meeting on Wednesday. Finance minister AHM Mustafa Kamal presided …

Bangladesh Bank yesterday asked banks to refrain from procuring goods and services from firms in which directors and high officials of the lenders have ownership, be it direct or indirect. Such vendors have been found to have taken part in the procurement processes of the lenders, violating banking norms, according …

The Bangladesh Trade and Tariff Commission (BTTC) yesterday suggested the commerce ministry review the price of edible oil in local markets as the product’s price is declining globally. However, the Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association sent a letter to the commerce ministry last week, demanding prices be …

The size of defaulted debt in Bangladesh has increased to Tk 1.1344 trillion by the third quarter of the current fiscal (FY 2021-22), a Tk 101.67 billion jump alone from the second quarter. Confirming the figure, Md Serajul Islam, spokesperson for the Bangladesh Bank, said the amount was Tk 1.0337 …

Fisheries and Livestock Minister S M Rezaul Karim said the government has taken extensive initiatives to conserve native fish to increase fish production in the country. “As part of the initiative, a number of projects is being implemented for the development of the country’s fisheries sector… many native fish are …

Stakeholders will sign an agreement on June 12 to commence the trading of treasury bonds in a bid to diversify the capital market with the participation of general investors. Bangladesh Bank, Bangladesh Securities and Exchange, Dhaka and Chattogram bourses, Central Depository Bangladesh Ltd and Central Counterparty Bangladesh Ltd will sign …

Keeping consistency with the market, banks will determine the US dollar price. The instruction was given to banks of the country, on behalf of Bangladesh Bank, on Thursday (June 2). In this regard, Executive Director and spokesperson of Bangladesh Bank Sirajul Islam said the banks may fix dollar price keeping …

The purchasing capacity of lower and middle-class people of the country have gone beyond their income as prices of most essential commodities have increased further. The hike in prices of daily products, including rice, atta, flour, potato, garlic, sugar, chicken, mutton and egg, has made livelihood costlier. Consumers are facing …

World food prices fell slightly for the second consecutive month in May but wheat prices rose again as Russia’s war in Ukraine rages on and India banned exports of the commodity, a UN agency said Friday. Russia’s invasion of Ukraine sent food prices to a record high in March as …

The harvesting of Haribhanga, a variety of mango native to north-western districts such as Rangpur, will begin in the once Monga-stricken region on June 20, according to officials of the local administration. Monga is a Bengali term referring to a yearly cyclical phenomenon of poverty and hunger that took place …