Financial System Newest News & Updates

The Bangladesh Securities and Exchange Commission will go harder on brokerage houses which have a deficit of their consolidated customers account in an effort to deliver extra discipline to the country’s stock market. People are grappling with excessive inflation due to the fresh injection of Tk 60,000 crore into the market by Sheikh Hasina’s government, Prof Muhammad Yunus, chief adviser to the interim government, mentioned yesterday. National Bank, Islami Bank Bangladesh and Social Islami Bank have applied to the Bangladesh Bank for its guarantee to avail a complete of Tk 6,800 crore in liquidity help by way of the inter-bank cash marketplace for a period of three months.

The contract entails supplying 19 LNG cargoes, or up to roughly zero.5 million tonnes of LNG every year over a period of three years plus one quarter. The provide will come from Santos’ world portfolio of world-class LNG belongings on a delivered ex-ship basis. Santos Managing Director and Chief Executive Officer Kevin Gallagher noted that the contract with Glencore extends their current strong business relationship and presents a valuable alternative for both corporations to leverage their experience in Asian LNG markets. “This oil-indexed contract, along with … Read More
