Banks in Bangladesh are raising the interest rate on deposits to pull funds with a view to tackling the liquidity shortage and meeting a higher demand for loans.
Broad smiles have finally returned to the faces of millions of Bangladesh’s retailers as shoppers have flocked to markets to complete their Eid shopping since the beginning of Ramadan.
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Biscuit exports booming
With most businesses suffering a deep wound inflicted by the coronavirus pandemic, biscuit makers in Bangladesh have a different story to share.
The crispy food, liked by people from all walks of life, has seen its demand grow both in domestic and export markets as many consumers have stayed indoors and shunned eating out.
After posting 10 per cent year-on-year growth in the fiscal year of 2019-20, which included two pandemic-hit quarters, the upward trend of shipment of biscuits has continued in the current fiscal year as well. Biscuits exports almost doubled to $31.5 million in the July-December period from $16.6 million in the corresponding period a year ago, data from the Export Promotion Bureau showed.