Banking & Commodity

The country’s spice traders will reduce prices of different spices by 10-25 percentage points from the current prices in the market, according to a press statement of the commerce ministry.

Farmers’ combined efforts help the nation get a steady supply of vegetables throughout the year.

Bangladesh Bank (BB) today introduced a special repurchase agreement (repo) for one year to help the banks and Non-Bank

Bangladesh Small and Cottage Industries Corporation (BSCIC) across the country has been producing 1,900 metric tonnes rice every day.

The government’s borrowing from the banking sector has escalated in recent days on the back of a revenue shortfall due to a collapse in economic activities from the coronavirus-induced protracted shutdown.

In an undaunted move, the central bank yesterday instructed banks to not give any cash dividend to both sponsors and investors until September to boost their capacity to absorb the strain on their capital base from the ongoing economic dire straits.

The relatively bigger and posh shopping malls across the country have said they preferred a continued shutdown to reduce scopes of coronavirus spread despite government permission for their restricted reopening ahead of the Eid ul Fitre.

A goal without a plan is just a wish, said the French writer and pioneering aviator Antoine de Saint-Exupéry. And how the Bangladesh Bank is going about implementing the mammoth stimulus package announced by the government to ensure a soft landing to the stunning nosedive in economic activities brought on …

Leading e-commerce sites such as Chaldal.com, which sell groceries and food products, are now under pressure of sale orders Online sales of vegetables and grocery items, especially in the capital, increased substantially over the last couple of weeks, as many city dwellers avoided going to markets to protect themselves from …

Agent banking will play a greater role in implementing the stimulus packages unveiled by the government as the outlets have footprints in Bangladesh’s remotest parts where banks have barely set their foot in, bankers and experts said yesterday.