The central bank has allowed City Group, the country's leading consumer goods conglomerate, to provide a loan of Tk 3,000 crore to five defaulting companies of the group. The bank has temporarily waived restrictions under the Banks and Companies Act on syndicated working capital loans, a notification issued by Bangladesh Bank said yesterday. A report titled 'City Group seeks central bank's policy support to manage financial pressure' was published in the Business Daily on May 6. It said that City Group, which has been doing business with a good reputation for more than 50 years since its establishment, is facing financial pressure. The bank loan repayment capacity of the group's companies has been affected due to various global and local crises. In such a situation, the group recently made a written application to Bangladesh Bank seeking policy support.

After four consecutive days of decline, the country's capital market has finally returned to an upward trend. Yesterday, the main index DSEX rose by more than 57 points on the Dhaka Stock Exchange (DSE). Although the unit prices of most companies' shares and funds increased, the volume of transactions decreased. On this day, the buying pressure of general investors was higher than that of foreign and institutional investors. Although foreign and institutional investors were in a selling trend, general investors were net buyers in the market.

The European Union (EU) has lowered its corn and wheat production forecast for the 2026-27 marketing year. However, it has increased its barley and sunflower seed production forecast. News Business Recorder. The European Commission's monthly report released on Friday said that EU corn production could reach 47 million tonnes this season, compared with a September forecast of 48.3 million tonnes.