Amidst a fall in the letters of credit (LCs) for key essential commodities, the commerce ministry yesterday said it would request banks to retain some dollars to facilitate the import to meet Ramadan’s usual increase in demand.
Bangladesh Competition Commission has filed 44 cases against a host of individuals and organisations, accusing them of creating an artificial crisis that led to abnormal hikes in prices of items like rice, flour, eggs, poultry and toiletries.
Indonesia’s export ban: Edible oil supply crunch has begun Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
Indonesia’s abrupt announcement of a palm oil export ban from tomorrow has sent refiners in Bangladesh into zealous rationing, choking the availability of cooking oil at the retail level at a time when its consumption is high.