BCIC to get Tk 48b counter-guarantee According to official, the government is set to extend counter-guarantees worth Tk 48 billion for the Bangladesh Chemical Industries Corporation (BCIC).The measure will facilitate uninterrupted imports of fertiliser for the country’s agriculture sector.The BCIC recently wrote to industries ministry seeking extension of the tenure

Trade deficit rises to USD 2.8 billion in July-October The country’s trade deficit increased by 12.5% to USD 2.8 billion in the first four months of the current financial year of 2016-17 compared with that of USD 2.5 billion in the corresponding period of FY16. The deficit increased during the

BSEC decides to review some provisions The securities regulator decided on Monday to take several steps for the betterment of the stock market. The steps included reviewing the existing provision for requirement of holding of minimum shares (2.0 per cent) for becoming sponsors directors of any listed companies. The Bangladesh

Paying with MFS at retails gaining traction Payments through the mobile financial service platform have trebled in the last one year, in a development that will bring cheer to the central bank as it strives to move towards a cashless society. According to data from the central bank, in February,

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 5.04 % (Feb 02’20) 5.09% (Jan 09’19) 0.05 % Call Money Lending (Crore BDT) 5,108.25 (Feb 02’20) 2,621.26 (Jan 02’19) 94.88% Prices Weighted Average Deposit Rate 5.71% (Nov ’19) 5.71% (Nov ’19) 0.00% Weighted Average Lending Rate 9.63%