Banking & Commodity

The demand for cash withdrawal has surged before Eid raising the call money rate for interbank transactions. According to Bangladesh Bank website data, the average call money rate increased from 5.99% to 6.19% between April 2 and April 18. Data also shows that the lowest interest rate during this time …

In anticipation of Eid, the sugar market has witnessed a fresh surge in prices, which were already at a record high, after refiners proposed an upward price adjustment in accordance with global rates. FE On Wednesday, sugar rose to Tk 130-145 per kg in retail, up from Tk 118-130 per …

The amount of money transactions through internet banking soared by 63.63 per cent to Tk 2,19,960 crore in the July-February period in the financial year 2022-23 compared with that of Tk 1,34,425 crore in the same period of the previous financial year, as a growing number of people now prefer …

It was 11.45 pm on Tuesday. Shopping malls and markets usually remain shut at this hour of the day. But, the bustling shopping district for clothing and lifestyle items in the Mirpur-1 area was abuzz with shoppers. Some came in drove and they were all in a festive mood, going …

The sale of air conditioners (AC) has apparently doubled in Dhaka, as the heatwave in the capital saw people suffer the hottest days in over six decades. An AC is almost the only option that offers some relief without disruptions to normal routine. The pressure on customers to buy an …

Litchi farmers are concerned about potentially lower yields this year due to poor weather conditions, which hampered the flowering and budding stages of the fruit. Litchi is grown on about 26,000 hectares of land all over Bangladesh but the highest cultivation is seen in Dinajpur, Pabna and Jashore, according to …

The demand for electric fans has increased significantly in Bangladesh as the scorching summer heat has become nigh unbearable in recent times. However, producers are capitalising on the higher demand by raising their prices, putting more pressure on the general public at a time when the country is facing high …

Brac Bank has kicked off a two-day fair in Dhaka to promote locally-made products of women entrepreneurs and create a market for their ‘Made in Bangladesh’ products. According to a press release, a total of 50 female business owners from across the country are showcasing Bangladeshi products at the exposition …

Farmers have produced 61,554 tonnes of wheat after completing harvest in Rangpur agriculture region during the 2022-2023 Rabi season. Meanwhile, farmers are very happy getting all-time high market price of their newly-harvested wheat between Taka 1,750 and Taka 1,850 per mound (every 40- kg) this season. Officials of the Department …

Sugar prices have reached a record high internationally, which has had a ripple effect on Bangladesh’s wholesale markets, including those in Dhaka and Chattogram. In a span of a week, the price of each maund (around 37 kilogrammes) has increased by Tk 200 to Tk 250. At the retail level, …