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With a number of non-bank financial institutions (NBFIs) suffering from severe cash crunch, the central bank yesterday barred financial institutions with lower capital and higher default loans from paying dividends.
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Public foodgrain stocks fell to 6.56 lakh tonnes, the lowest in nearly three years, raising apprehensions that greedy traders would use the current situation to manipulate prices to pocket higher profits.
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Raw jute prices hit a new high as the natural fibre traded for as much as Tk 5,300 per maund (one maund equals 37 kilogrammes) at local markets in Faridpur, the biggest producing district, as supply shortage became acute.
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Bangladesh’s lentil imports are on the rise due to increased consumption amid inadequate domestic production.
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The need to maintain social distancing in order to avoid infection amid the ongoing coronavirus pandemic has buoyed the global demand for bicycles.
