Banking & Commodity

In spite of the injection of $130 million into the market by Bangladesh Bank, volatility persisted in the foreign exchange market yesterday. The central bank injected $5 billion between July 1 and May 11 of the current fiscal year and another $1 billion in the last 20 days. The latest …

Bangladesh Foreign Exchange Dealers Association (BAFEDA) and Association of Bankers, Bangladesh (ABB) have started working together for fixing uniform exchange rate to manage foreign exchange market. This was informed today after a tripartite meeting of Bangladesh Bank (BB), Bangladesh Foreign Exchange Dealers Association (BAFEDA) and Association of Bankers, Bangladesh (ABB). …

Sri Lanka’s inflation hit a seventh consecutive record at 33.8% in April, as a petrol shortage worsened, and food prices rose sharply, shooting to 45.1% year-on-year. (DT)

Bangladesh Bank (BB) has formed a Taka 2,000 crore refinance scheme to develop the country’s shipbuilding industry. Under the scheme, a customer can get a loan with 4.5 per cent interest rate, said a BB circular issued today. Customers can take loans as per their needs, based on the bank-customer …

Central banks around the world have commenced hiking policy rates in order to contain the inflationary pressure stemming from the ongoing global supply chain disruption and demand recovery. Bangladesh has also not been spared from the rising prices, which have also been driven by higher commodity costs. In addition, the …

The prices of rice, atta, red lentil and eggs went up on kitchen markets in the capital Dhaka over the week ending Friday. Retailers blamed wholesalers for increasing the prices of rice, atta and red lentil while wholesalers said that rice mill owners raised the prices of rice and importers …

The government knew who were responsible for the recent acute shortage of soybean oil but did not enforce the law as it would have made the situation even more volatile, said the chief of the consumer rights body yesterday. Five to six businesspeople are controlling the whole market and it …

Indonesia, the world’s biggest supplier of edible oils, has decided to lift the ban on palm oil exports, a development that is expected to bring much-needed relief to the consumers in Bangladesh struggling to afford the cooking oil because of skyrocketing prices. Palm oil exports can resume from May 23, …

There is a huge hue and cry about the recent unprecedented price hike of soybean oil. This is probably an issue that drew the media’s attention the most. For the last couple of years, the price of soybean oil has been constantly on the rise due mainly to the volatile …

Although processed milk prices are rising at the retail level, farmers are yet to see any benefit as there is no sign of an increase on their end. The higher cost of feed and other inputs, including transportation, has inflated liquid milk prices in different areas in the Dhaka city. …