Tag: Bangladesh Bank

BGMEA seeks support of BB for RMG sector

- Times Report -

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sought support of Bangladesh Bank (BB) for the RMG industry in its struggle to overcome the impacts of the Covid-19 pandemic and retaining its competitiveness in the global market, said a press release. A delegation of BGMEA led by its President Faruque Hassan

Steps needed to stabilise rice market

- Kamal Ahmed -

Rice is the main product of the food basket of the people of Bangladesh. Inflation in the product’s price has been on the rise for a long time. According to the Bangladesh Bank, the point-to-point inflation in rice price in March last year was 3.4 per cent. At the end

Banks to operate from 10am to 2pm from Thursday

- Times Report -

Banks will operate from 10 am to 2 pm from May 6 to 16 for usual transactions as the government has extended the ongoing lockdown to curb the spread of Covid-19 transmission. Bangladesh Bank issued this instruction in compliance with the directives of the Cabinet Division directing banks to remain open

BB extends limited banking hour tenure

- Times Report -

Bangladesh Bank (BB) further extended the currently maintained limited banking transaction hours until May 5 in compliance with the government’s decision to extend the ongoing lockdown for another more. According to a circular issued on Wednesday by Bangladesh Bank, the current banking transactions hours from 10 am to 1 pm will continue

BB’s inter-bank fund transfer system reactivated

- Times Report -

Inter-bank cheque clearance and electronic fund transfer system of Bangladesh Bank was reactivated Sunday after five days of suspension. The system was suspended on Tuesday last due to a technical fault in the optical fiber of Bangladesh Telecommunications Company Limited (BTCL). "The Inter-bank cheque settlement and electronic fund transfer system resumed operation