Finance ministry favours signing free trade deals The Ministry of Finance has given the go-ahead to the Ministry of Commerce to move forward towards signing bilateral and multilateral free trade area (FTA) agreements with developed and developing countries. The finance ministry’s green light came as it gave its opinion on

Money Market Parameters Current Period Earlier Period Change Average Call Money Rate 2.11% (Jul 19 ’18) 2.39% (Jul 12 ’18) 0.28% Call Money Lending (Crore BDT) 5,564.25 (Jul 19 ’18) 5,773.25 (Jul 12 ’18) 3.62% Prices Weighted Average Deposit Rate 5.51% (May ’18) 5.43% (Apr ’18) 0.08% Weighted Average Lending

Govt resumes borrowing from banks to meet budget deficit The government restarted borrowing from the banking system, ending over a month’s suspension, through auctioning its securities for part financing of budget deficit. Exigencies of food import following crop losses and repairs of flood-damaged infrastructures, especially roads, are also seen as

Gold prices drop again Local jewelers have revised gold prices downward in line with the international market price. As per new rates, the price of 22-carat gold has been fixed at Tk 4,070 per gram, down from Tk 4,170 nearly two weeks ago. The new price will come into effect

Only six China-funded projects roll so far After a lapse of three years into signing a deal with China for executing $20 billion worth of 27 projects, only six has got going as of December 2019. Even Bangladesh has received only $904.50 million out of $5,687 million for the ongoing