Businesses will be able to import eight essential items centring upcoming Ramadan by taking short-term loans from foreign sources, said Bangladesh Bank yesterday. 

Excess liquidity at Islamic banks in Bangladesh fell nearly 50 per cent year-on-year to Tk 17,525 crore in July-September quarter this year as deposits growth slowed, central bank data showed.

The Trading Corporation of Bangladesh (TCB) has hiked the price of daily essentials sold at subsidised rates by Tk 5 due to an increase in prices of the commodities, putting more pressure on the country’s low-income groups.

US consumer prices rose less than expected for a second straight month in November, resulting in the smallest annual increase in inflation in nearly a year and giving the Federal Reserve cover on Wednesday to start scaling back the size of its interest rate increases.

Availability of long-term finance, collaboration among policymakers and proper databases are key to ensuring affordable housing for all, said experts at a seminar yesterday. 

The International Finance Corporation (IFC) is providing a $32.5 million loan to Agrocorp International Pte Ltd, a Singapore-based company that supplies wheat and pulses to Bangladesh, in order to improve food security in the South Asian country.

SSLCOMMERZ Limited has received a licence from the central bank to run operations as a payment system operator.

Moody’s Investors Service has placed 7 Bangladeshi banks’ long-term ratings and assessments on review for downgrade, said the global rating agency on Monday.

Stocks in Bangladesh rose today, stretching the gains to the third consecutive session.

Moody's Investors Service has placed 7 Bangladeshi banks' long-term ratings and assessments on review for downgrade, said the global rating agency yesterday.

Terry towel makers at an industrial estate of the Bangladesh Small and Cottage Industries Corporation (BSCIC) in Kishoreganj have shrugged off the coronavirus-induced economic downturn as production has reached pre-pandemic levels amid growing orders from abroad.

The eight fast track projects being implemented by the government are seeing mixed progress with four having made significant progress as of November this year while the rest may not see timely completion.

Coal prices have shot up in the domestic market since September this year even though there is no rationale behind the hike, according to a report by the commerce ministry.

Sugar prices show no sign of falling in Bangladesh although refining activity is going on in full swing thanks to the improvement of gas supply to refiners to a large extent.

Eleven banks in Bangladesh collectively faced a capital shortfall of Tk 32,606 crore in September, which highlighted their fragile health caused by years of irregularities. 

Bangladesh Bank yesterday re-appointed an observer at Islami Bank and dispatched an observer for the first time at First Security Islami Bank (FSIBL) -- the two Shariah-based lenders where Chattogram-based business giant S Alam Group has significant stakes.

All indexes of the Dhaka and Chittagong stock exchanges (DSE) rose yesterday as investors showed fresh interest in making investments after political tension eased to some extent.    

Each time the government rolls out a plan to import rice, the public reacts with resistance. Understandably, for many Indonesians, rice is considered more than just a staple food, but also a sort of political commodity.

Textile millers yesterday urged all concerned to avoid disseminating any wrong information about the Export Development Fund (EDF) of Bangladesh Bank as the soft loans it provides have helped the sector grow a lot.

Bangladesh and Japan yesterday initiated a joint feasibility study on exploring the possibility of signing either a free trade agreement (FTA) or an economic partnership agreement (EPA) before the country becomes a developing nation in 2026.