Finance News: Latest Financial News, Finance News today in Bangladesh

Onion, chilli prices remain high despite surge in imports

Prices of onions and chillies still remain high despite a surge in imports in recent weeks, insiders said. On Tuesday, onions are being retailed at Tk 110-130 per kg, and green chillies at Tk 200-240 per kg.Locally grown onions are priced at Tk 120-130 per kg in groceries and markets,...

Summit reviewing cross-border power deals after India rule change

SINGAPORE, Aug 20 (Reuters): Bangladesh's Summit Group plans to renegotiate preliminary deals to import renewable power from India after a recent rule change by New Delhi allowed generators that exclusively export their electricity to sell locally, the utility's chairman said.India amended its power export rules less than a week after...

BB increases foreign currency support for energy import

Bangladesh Bank has increased its supply of foreign currency to the Energy and Mineral Resources Division to continue its import of petroleum fuels and gas from abroad and also from locally operating foreign companies, reports UNB.According to officials, the Energy and Mineral Resources Division has been getting more foreign currency...

Monitor credit-deposit gap to avoid liquidity issues

MUMBAI, Aug 20 (Reuters): Indian banks need to carefully monitor the gap between credit and deposit growth to avoid a potential structural liquidity issue, the governor of the Reserve Bank of India (RBI) said on Tuesday."Young Indians are aspirational. They get attracted to different markets. There is nothing wrong in...

Al Arafah Islami Bank opens 221st Branch at Sirajganj

Al-Arafah Islami Bank (AIB) PLC. has opened 221st branch at Sirajganj Sadar on Tuesday. Director of the bank Md. Anowar Hossain inaugurated the branch as the chief guest while Vice Chairman of the bank Abu Naser Md. Yeahea was present as special guest. Managing Director and CEO Farman R. Chowdhury...

ONE BANK SIGNS MOU WITH SOFTWARE SHOP

ONE Bank PLC and Software Shop Limited signed a Memorandum of Understanding (MOU) to integrate the Shohoz online ticketing platform into the OK Wallet App. Under this agreement, OK Wallet customers can purchase bus tickets using the Shohoz online ticketing platform. Joint In-charge of the MFS Unit of ONE Bank...

FBCCI delegation, led by its President Mahbubul Alam, made a courtesy call on BB Governor Dr Ahsan H Mansur

A Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) delegation, led by its President Mahbubul Alam, made a courtesy call on Bangladesh Bank (BB) Governor Dr Ahsan H Mansur at the latter's office on Tuesday.