Last week, the call money rate touched its lowest level at 5.00 per cent and traded between 5.50 per cent and 9.00 per cent in most deals. But the rate for non-bank financial institutions was higher between 8.62 per cent and 9.00 per cent. Normally banks charge higher rates on non-bank financial institutions for call money in comparison to their lending the call money to other banks.
"Call money market has become a good place for NBFIs as the rate remains very low compared to lending rates of NBFIs since long", said a central bank official...
Tea prices in Bangladesh declined for the second straight week at a weekly auction on Tuesday due to sluggish local demand amid political unrest that disrupted supplies.
Bangladesh has been racked by political violence since anti-government protests turned violent last month over a disputed election a year ago.
More than 80 people have died and hundreds have been injured, most of them in firebomb attacks on vehicles, amid a violent nationwide transport blockade by the main opposition party aimed at toppling the government.
Demand from local buye...
Julphar, the largest Emirati pharmaceutical company, has acquired a majority stake in Bangladesh based RAK Pharmaceuticals, marking its entry into the country and an expansion of its footprint in Asia.
RAK Pharmaceuticals is a subsidiary of RAK Ceramics and produces a variety of industry compliant tablets, capsules and syrups that are fit quality wise to meet a regulated healthcare market. The company turned over US5.7 million of sales in 2013, representing growth of 24% on the year before.
Julphar and RAK Pharmaceuticals have had a long term ...
Tea prices in Bangladesh rose at a weekly auction on Tuesday, ending two weeks of falls, due to a drop in volumes as renewed political unrest disrupted supplies.
Bangladesh has been racked by political violence since anti-government protests turned violent on Jan. 5, the first anniversary of a disputed election.
At least 38 people have died and scores have been injured, most of them in firebomb attacks, amid a violent nationwide transport blockade by the main opposition party.
Tea volumes are down this week as political violence and transport bl...
Investing in livestock agriculture can meet Bangladesh’s growing food demands and stop poverty, a conference heard on Saturday. Poultry, Cattle and Sheep Can End Bangladesh Hunger
Economic profits can be increased through animal husbandry which can then improve socioeconomic conditions gradually, Gaibandha farmers were told.
Farming cattle, sheep, goats, ducks, pigeons and chickens can play a “vital role”. Speakers also stressed the importance of building skills so communities could adapt their holdings to livestock agriculture.
Spe...
The dollar remained at its all time high level at Tk 77.95 per unit against Bangladesh taka in interbank trade on Monday due to stiff demand from importers. This helped the local currency to gain some points against the euro, pound sterling and other EU currencies, dealers said.
Meanwhile, the dollar fell in Asia today after a report revealed a decline in US wages that could dampen consumer spending and delay an interest rate increase. Japanese financial markets were closed for a public holiday, dealers said, the Daily Observer reports.
In the domestic market, despite the country-wide political tension over the blockade programme of opposition political parties, interbank market remained active with higher volume of transactions after the resume of operations in international fore...
