Archive / Economy - 2020
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Bangladesh faces an emergency in remittances amid COVID-19The economic need for the more than 10 million migrants from Bangladesh who sent near $18 billion in 2019 can't be overstated. International remittances normally...SME Foundation chairperson KM Habib Ullah diesKM Habib Ullah, chairperson of Little and Medium Enterprise (SME) Foundation, died of cardiac arrest at a hospital in India early Wednesday. He breathed his last...Economists: Proposed budget hardly prioritizes individual sectorThere are 75.7 million marginalized persons in the countryThe private sector, afflicted through the Covid-19 induced shutdown, did not get priority for sustainable recovery in...Credit history companies to permit Bangladeshi organizations access foreign loansTwo Hong Kong structured credit history companies have begun employed in Bangladesh from Tuesday to supply assistance to banks, finance institutions and business houses so...Apparel exporters need more support to stay the courseApparel exporters and textile millers demanded the government accommodate more actions in the proposed spending plan to extract exports and buck up task creation in...Foreign firms’ completed steel product imports should be taxedLocal steel building makers yesterday urged the federal government to impose a duty over the import of done steel products by foreign companies to safeguard...Credit guarantee scheme holds the main element to successful implementation of stimulus packagesThe federal government has allotted a lot more than Tk 1 lakh crore, which is 3.7 % of the GDP, under 19 different 'stimulus plans',...Dairy farms demand larger tariffs in dried milk to improve local industryDairy farm companies have urged the federal government to increase customs tariffs about bulk imports of powdered milk to safeguard the expanding sector, reported the...Funds FY21: Floating urban poor, youth and SMEs not addressed, says SanemUrban poor and slums dwellers have been hit hard by the shutdown to avoid spread of Coronavirus because they lost the method of earningThe proposed...BCI says govt’s deficit funding to affect pvt sector, BTMA seeks chop in export taxThe Bangladesh Chamber of Industries sees too little proper outline in the proposed budget for another fiscal year to overcome the ongoing economic crisis due...Canada deserves our vote in UNSCBilateral trade figures hit an all-time saturated in 2019 twelve months, reaching approximately $3.2 billionCanada Bangladesh Chamber of Commerce and Sector (CanCham Bangladesh) has said...Bangladesh Bank relaxes coverage for exportersThe Bangladesh Bank has eased the import payment process of exporters operating beyond your specialised zones if payments from buyers are deferred.According to the circular...Bangladesh to double supply tax rate on exports to 0.5%Bangladeshi exporters will be levied 0.5 % tax at source of their export earnings from another fiscal as the prevailing 0.25 % tax benefit ends...OP-ED: Health, foodstuff, jobs: Beyond the budgetThe coronavirus pandemic has severely hit the economy of Bangladesh, as the united states was under lockdown for about two months. The government has announced...Budget for coronavirus-battered education sector unchangedThe allocation for the training sector in the proposed cover the upcoming fiscal year of 2020-21 remains almost unchanged with regards to size and percentage...Source tax amount from exports doubles to 0.5 percentExporters will face 0.5 percent tax at source of their export earnings from the next fiscal year as the prevailing 0.twenty five percent tax benefit...Export through Bengal''s Petrapole sluggish; Bangladeshi traders unhappyAs trade between India and Bangladesh through the Petrapole territory port on West Bengal has been sluggish since its resumption over Sunday, stakeholders on the...UNDPR develops preparation toolkit for SMEsThe United Nations Business office for Disaster Risk Lowering (UNDRR), with the support of the Asian Disaster Preparedness Centre (ADPC), developed a planning toolkit for...Bharti Airtel may make further inroads found in Bangladesh; buys more stake in telco from NTT DocomoOne of India’s biggest telecom operators Bharti Airtel has strengthened its presence found in neighboring Bangladesh with acquiring an additional 6.3% stake in Robi Axiata...Export plunges by 61.57pc in MayThe country’s export earnings in-may this season declined by 61.57 % to $1.46 billion from $3.81 billion in the same month of this past year...Economists want rational subsidiesEconomic professionals have asked the government to overhaul the current subsidy and incentive policy that is heavily tilted towards the energy and export-oriented apparel sectors...Japan entrepreneurs want to invest in BangladeshEntrepreneurs of Japan are interested to invest in Bangladesh, said country director of Japan External Trade Organisation (JETRO) Yuji Ando. He was addressing a virtual...PPE a silver lining for ailing garment industryThe country's garment industry could benefit from the ongoing coronavirus pandemic due to the soaring demand for several products, said KI Hossain, president of the...IMF halves Bangladesh GDP growth forecast with recovery after SeptemberThe International Monetary Fund has halved the GDP growth forecast for Bangladesh in 2019-20 with economic activities hit hard by the coronavirus pandemic in the...Covid-19: Trading resumes at Benapole port after 2 monthsActivities at Benapole were suspended on March 22 due to the Covid-19 outbreakImport and export activities resumed at Benapole port on Saturday after 8 weeks...With a 6% growth forecast, Bangladesh is defined to be world’s fastest growing economyBangladesh’s 6% growth forecast is leaner than previously targeted 8.2% & down from 8.15% this past year, but it’ll be an outlier in a world...For Bangladesh's Struggling Garment Workers, Hunger Is A Bigger Worry Than PandemicFor more than a decade, Sampa Akter worked 12 hours a trip to a garment factory in Bangladesh's capital, sewing skinny jeans destined for stores...A 6% Growth Forecast Makes Bangladesh Outlier in Global EconomyBangladesh, the world’s second-largest apparel exporter, sees economical growth of at least 6% this year, a pace that will make it an outlier in a...FMCG companies tuning products to cash-strapped consumers’ meansThe makers of cereal, toiletries and other supermarket staples in Bangladesh are increasingly attempting to reshape their products to keep cash-strapped consumers from trading down...Bangla PPE export to US a 'significant milestone': PompeoUS secretary of state Mike Pompeo recently appreciated Bangladesh for exporting personal protective equipment (PPE) to america, calling it a 'significant milestone'. International partnerships like...'Budget should give attention to V-shaped recovery of economy'How do the upcoming budget help the economy and businesses to survive?The coronavirus pandemic has effects on both in several ways: supply chain disruption, cashflow...Trade deficit inches down in July-MarBangladesh’s trade deficit inched down to $12.07 billion year-on-year in July-March of the fiscal year 2019-2020 due to a slowdown in import of professional inputs...Bangladesh seeks enhanced trade ties with Sri LankaBangladesh High Commissioner to Sri Lanka Riaz Hamidullah met Prime Minister Mahinda Rajapaksa at Temple Trees on Tuesday and hoped Dhaka-Colombo relations will be further...ADB expands trade finance program to support Bangladesh private sectorThe Asian Development Bank (ADB) has expanded the Trade Finance Program (TFP) to aid private sector in Bangladesh by raising its financing limit to 755...Strengthening digital economy is the way to goChina and South Korea were the early frontlines in our pitched battle against Covid-19. Both countries had taken the hardest hit through the initial phase...To boost trade India, Bangladesh add five more water routesTo boost trade, economical activity and connectivity, India and Bangladesh have added five more "ports of call" on either side and increased the protocol (water)...Covid-19 Fallout: World Bank suggests trade measures for Bangladesh in order to avoid food security crisisDisruptions in informal trade between Bangladesh and India may have an immediate impact on food securityThe World Bank has suggested Bangladesh to make certain trade...Is Southeast Asia's drug trade too large to control?Police in Myanmar this week announced the major synthetic drug seizure on record in Southeast Asia. Between February and April, security forces seized a lot...Banks aren't providing support to SMEs: Fazle FahimThe Federation of Bangladesh Chambers of Commerce and Industry president Sheikh Fazle Fahim on Tuesday said that small entrepreneurs were not getting any support from...IOC nears first deal to export fuel to BangladeshIndian Oil Corp, the country's top refiner, is near to winning its first contract to supply diesel, jet fuel and gasoline in the next half...BB relaxes forex regulations for trade transactionsBangladesh Bank (BB) on Sunday relaxed forex regulations to facilitate trade transactions in the wake of the coronavirus pandemic.“Authorized Dealers (ADs) may allow exporters to...Bangladesh import plummets to deepen monetary crisis amid coronavirus pandemicBusinesses opened Letters of Credit worth $1.6 billion in April, a 268 percent drop from the same month this past year and 263 percent from...Rescue package needed to salvage aviation industryBangladesh should unveil a rescue package and cut various charges to salvage the local aviation industry after it crash-landed because of the coronavirus pandemic, said...90 workers in commercial zones’ factories under IP jurisdiction damagedA complete of 90 personnel in 53 factories, located in five industrial zones beneath the jurisdiction of Industrial Police (IP), have so far been infected...Government starts foreign engagements to avert downturnThe government has started engaging with several foreign countries for widening the scope of avoiding the imminent decline in expatriate employment and export amid the...RMG Products: Bangladesh seeks 2-year duty-free industry access to USBangladesh has sought a two-year duty-free access for its readymade garment products to the US market as the coronavirus pandemic put the major export-earning sector...Coronavirus risks pushing an incredible number of Bangladeshis back to povertyShahidul Islam, a poor farmer in Bangladesh's western district of Natore, called a hotline last month for a food handout. The request transpired very badly...Bangladesh, Uzbekistan to form JWG for trade, investmentBangladesh and Uzbekistan possess decided to form Joint Working Group (JWG) to improve bilateral trade and investment through removing different barriers.Commerce Minister Tipu Munshi gave...Robi lets rip at the ongoing price warWithin an unprecedented move, the country's second greatest mobile operator yesterday blew off its pent-up resentment against the marketplace leader over its offer of free...Bangladesh’s bourse is the only one on the globe in recessBangladesh is the only country on the globe where trading has remained closed due to the coronavirus pandemic. Until this week, Bangladesh, Sri Lanka and Jordan...BB finally orders banks to suspend dividends to prime the pumpWithin an undaunted move, the central bank yesterday instructed banks to not give any cash dividend to both sponsors and investors until September to boost...Bangladeshi cement export shows negative trend in 10MFY20According to data released by Bangladesh Export Promotion Bureau (EPB), Bangladesh's government recorded a substantial fall of 13.1 % to US$29.49bn in total exports through...The Bangladesh Professional River Transport IndustryThe country of Bangladesh includes a population of some 170 million people with over 3,800 kilometers of all year round navigable waterways and almost 6,000...68pc SMEs to permanently cease procedures if lockdown prolongs: studyAn estimated 68 per cent small and medium enterprises reported that they might have to permanently turn off their businesses if the lockdown persisted for...Economic effects of Covid-19 in BangladeshBangladesh has been forced to endure lockdowns to deal with the Covid-19 pandemic. These lockdowns are experiencing a crippling influence on staff and businesses in...Bangladesh export earning was half the remittance inflow in April amid pandemicWith the coronavirus pandemic pounding the global economy, Bangladesh’s export earnings in April dropped below the remittances received for the very first time in its...Bangladesh exports plunge by 83pc in Apr as pandemic takes tollBangladesh’s export earnings in April declined by 82.85 % year-on-year as the demand for goods shrank on the global market and the production remained suspended...Trade union leaders for transparent, inclusive incentive in RMG sectorTrade union leaders have demanded swift, transparent and inclusive implementation of the financial stimulus packages announced by the federal government to avoid adverse impact of...What the pandemic means for RMGIt took some time for the Bangladesh garments industry to get back to business after the Rana Plaza tragedy, a wake-up call for the industry. Since...Centre pulls up West Bengal for suspending trade on Indo-Bangla borderThe Centre has just as before pulled up the West Bengal government - this time around for violating the Centre’s order on cross-border movement of...Industries Ministry seeks Tk1,100cr seed money for small entrepreneursThe ministry took the initiative taking into consideration the sufferings of the micro, small and cottage industriesUnder the stimulus package announced by the federal government...Delhi push for Bangla tradeUnion home secretary Ajay Bhalla wrote to Bengal chief secretary Rajiva Sinha on Wednesday, directing the state to allow transportation of essential goods through all...8.5pc GDP growth set for fiscal 2020-21 on hopes of V-shaped recoveryThe government is gunning for an 8.5 % GDP growth next fiscal year in the hope the economy would be springing back to an increased...BB to facilitate loan/investment in CMSME sectorBangladesh Bank (BB) has directed banks/financial institutions to supply special loan/investment facility to revive cottage, micro, and Small and Medium Enterprises (SMEs) which were affected...Bangladesh 9th strongest economyBangladesh ranks ninth in a global league table of 66 emerging economies measured according with their financial strengths to deal beneath the strain of Covid-19...Trade suspended through Benapole portTrade between neighbours India and Bangladesh through the Benapole port has remained suspended from Monday as a result of movement of the Trinamool Congress, the...ADB now forecasts economic losses of $13.3 billionWhere does this end? The Bangladesh economy now stands to lose an astounding $13.3 billion for the coronavirus outbreak, according to the Asian Development Bank,...Trade thru Benapole resumes after per monthTrade through Benapole land port resumed yesterday with the entry of 15 Indian trucks packed with jute seeds, after a closure for per month due...Making SMEs more vigorous and vibrantSmall and Medium Enterprises (SMEs) play an important role in the monetary development of a country. Their role in conditions of production, employment generation, contribution...Global experts demand workers’ safety precautionsA worldwide right group has called on Bangladesh government to address medical and safety, monetary and social impact of Covid-19 on workers.Industrial Global Union, representing...Bangladesh, India in talks to resume trade thru all land portsBangladesh and India are in present engaged in discussions to resume bilateral trade through all the land ports as trade between your countries have been...Mamata Banerjee furious as trade reopens with Bangladesh'Who will be responsible if this huge movement of transport and people driving them and loading and unloading of trucks add the spread of the...Bangladesh reopens 600 apparel factories despite virus riskNearly per month after Bangladesh ordered garment factories shuttered to avoid the spread of the coronavirus, the industry is reopening hundreds of them despite risks...Bangladesh Bank extends deadline to submit pleas for loansThe Bangladesh Bank on Tuesday for the next time extended the deadline till May 2 for the export-oriented industries to submit application for loans to...Indian govt nudges West Bengal to smoothen goods export to BangladeshCentral Government of India has urged the West Bengal government to facilitate smooth movement of goods to Bangladesh during Covid-19-induced lockdown period.The nudge from New...Bangladesh economy awaits a bigger blow: EconomistsContinuation of the existing economic stagnation through the government-declared shutdown to prevent the spread of coronavirus will lead to a grim monetary outlook for Bangladesh,...Retailers withhold £2.4bn from Bangladeshi factories, documents showAround £2.4 billion of contracts in Bangladesh have already been cancelled by a few of the UK’s biggest traditional retailers, according to documents seen by...UK must lead efforts to safeguard global trade, supply chains: RushanaraBritish lawmaker Rushanara Ali has written to the Chancellor and the Secretary of State for International Trade urging them to lead efforts to protect global...Signing of FTAs with trading partners essentialSigning of the much-needed free trade agreements (FTAs) with the important trading partners is still a long way away for Bangladesh as much countries aren't...Bangladesh garment factories reopen, defying virus lockdownHundreds of Bangladesh garment factories defied a nationwide coronavirus lockdown to reopen, raising fears the industry's vulnerable and largely female workforce could be subjected to...Chartered cargo flights sought on Dhaka-London route for import from BangladeshLeaders of British-Bangladeshi chambers and associations have urged the federal government of Bangladesh to initiate Biman or chartered cargo flights to facilitate regular and weekly...Bangladesh, 38 other countries notify virus-linked export bars to WTOEighty countries and customs territories have so far introduced export prohibitions or restrictions to fight the COVID-19 pandemic.A new report, made by the Secretariat of...Time for MFS providers to shineThe coronavirus pandemic has proved a stroke of luck for mobile financial service providers as people are increasingly choosing digital payment during a bid to...COVID-19 trajectory for Bangladesh RMGThe past global recession that started off in the first quarter of 2008 and tapered down around the middle of 2009, had put the global...High Commission of India in Bangladesh holds webinar on trade promotionHigh Commissioner of India to Bangladesh Riva Ganguly Das has called after the business enterprise leaders of India and Bangladesh to come forward with impressive...Nepal, Bangladesh raise with India Bengal’s decision to prevent tradeNepal and Bangladesh have raised with India the West Bengal government’s decision to halt cross-border trade through its territory on the lands that movement of...Product supply needs to remain uninterrupted during lockdownThe persons are facing two-fold problems regarding industry. The farmers aren't getting due charges for their produces while the rates of imported items are increasing....Remittance to nosedive 22pc in 2020: World BankRemittance circulation to Bangladesh might plunge by as a good deal as 22 per cent in 2020 due to the fallout of the global coronavirus...COVID-19 Disruptions: Understanding Food Security ImplicationsIn line with the U.N. Foodstuff and Agriculture Firm, the COVID-19 pandemic is normally impacting the world’s food systems and disrupting regional agricultural trade and...Reducing social distancing effects on the Bangladesh economyIn the last month or two, unparalleled to any past events, monetary and social impacts of the Covid-19 outbreak have grown to be the main...Companies move shareholder meetings online amid shutdownIn an initial for Bangladesh, listed companies are employing virtual platforms to hold annual general meetings within their business continuity plans while avoiding mass gatherings...GP seeks extra spectrum at discounted priceGrameenphone has sought additional spectrum for an interim period to provide better internet services as their network is becoming busier for a surge in data...For Bangladesh’s garment workers, it doesn’t pay to dress up the world anymoreRozina Begum is worried that she and her husband and two children will starve. On March 25, a manager of Ultimate Fashions Ltd. in the...US oil prices drop below zero for the very first time in historyWall Street fell sharply on Monday after US crude futures turned negative for the very first time in history, underscoring the chaos the coronavirus pandemic...Unemployed and tips, restaurant employees fighting the crisis aloneThousands of restaurant personnel in Dhaka and in the united states are set to get no salaries for April as the shuttered establishments have either...AIIB approves $170m loan to boost Dhaka’s sanitation systemAsian Infrastructure Investment Bank (AIIB) has approved US$170 million loan to aid government’s efforts in developing Dhaka’s sanitation system as about 1.5 million residents are...Kamal marshalling development partners to help with COVID-19 wreckageBangladesh has considered multilateral lenders in earnest to pull the country out of your wreckage of COVID-19, which includes left the country's tremendous growth momentum...Nimble-footed Reserve Bank of India shows Bangladesh Bank the wayAdversity brings out the very best in man, William Shakespeare once said.And just how that the Reserve Bank of India, the neighbouring country's central bank,...China’s economy to rebound in Q2, hopes IMF officialThe Chinese economy, which took popular in the first quarter after the coronavirus outbreak, is likely to visit a recovery in the next quarter, a...Export earnings fall by 18.29% in March: EPB dataExport earnings in March declined by 18.29 percent year on year to $2.73 billion because of a fall in shipment of apparels, according to data...Govt in great pickle over next fiscal year’s budgetFinance Minister AHM Mustafa Kamal plans to unveil the national budget for next fiscal year on June 11 amid deepening uncertainties due to the deadly...GDP growth to plunge to 33-year low this yearThere is absolutely no denying that 2020 is a write-off for the high-flying Bangladesh economy, shot right down to the ground by the novel coronavirus.If...Workers will be paid immediately: BGMEA chiefBangladesh Garment Manufacturers and Exporters Association (BGMEA) President Rubana Huq on Tuesday said they will work to ensure that maximum workers’ payments for March are...Supply chain disruption going to Ramadan marketMaintaining the supply chain in the united states amid the overall holiday for the coronavirus outbreak has a significant challenge to keep carefully the market...Supermarkets turn knights in shining armourSupermarkets are registering surging sales amid people's quest to discover a more sanitised place than kitchen markets to get foodstuffs and household products in these...Shanghai Electric's Initial Combined Cycle Power Plant (CCPP) Moves Online in BangladeshShanghai Electric Group, the world's top rated manufacturer and distributor of power generation and industrial equipment, released today that its primary merged cycle power plant...Shippers’ Council of Bangladesh seeks suspension in tolls on export, importThe Shippers’ Council of Bangladesh has demanded that assortment of all sorts of tolls on transporting export and imports goods crisis ought to be stopped...From financial losses to social costsAll that Covid-19 is doing to us, sometimes with techniques we cannot countMost countries around the world have completely turn off to support the community...Bangladesh Bank cuts repurchase fee and reserve ratio to inject liquid money into economyThe central bank today cut both policy rate and cash reserve ratio (CRR) once more to inject liquid funds into the market to push through...Tough times for seasonal traders in BarishalGenerally, April is a busy month for Nantu Mia.The 45-year-old tailor from Barishal not merely remains occupied with orders, he also offers to complete those...Clothing makers in Asia offer stark coronavirus warning"If our employees don't die from coronavirus, they'd die of starvation."This can be a stark assessment of how the pandemic is impacting the clothing industry...British good trade group boils down heavily in buyers’ “bullying practices”UK-based fair trade watchdog Traidcraft Exchange today asked fashion brands and retailers to honour their contracts because they continuing to cancel those or stop payments...H&M in foretells support Bangladesh staff as lockdowns hit livelihoodsFashion giant H&M said on Tuesday it really is working with others to support garment personnel in Bangladesh, where more than 2 million have been...Coronavirus Putting the Brakes on Economic Growth in BangladeshBangladesh has emerged as an engine of regional growth in South Asia, enjoying Gross Domestic Product growth of around eight % in 2018 and 2019....Bangladesh’s New Generation Of Women-Led Labor Unions Confronts The PandemicWhat are you wearing? There’s a fairly good chance that the shirt on your own back or the pants in your closet were produced in...Navigating the socioeconomic perils of Covid-19 in BangladeshDespite the depressing state of major indicators such as for example negative export-import growth; large earnings deficit; falling private sector investment; rising non-performing loans recorded...546 factories, including 98 garments, textile units openA total of 546 factories, including 98 readymade garments and textile units, that are categorized as the jurisdiction of Industrial Police remained open until Tuesday...Bangladesh's media sector congratulates Anadolu AgencyNational newspaper editors and media workers on Bangladesh offered congratulatory messages and wishes to Anadolu Agency since it marked its 100th founding anniversary.Mustafiz Shafi, performing...World needs to use or lose Bangladesh apparel industryIt has taken a lot more than four years of incredibly hard work to build up the Bangladeshi RMG sector. In fact, the primary export-oriented...MCCI, BEF look for transparent execution mechanismThe Metropolitan Chamber of Commerce and Sector and The Bangladesh Employers Federation urged policymakers to make a transparent mechanism free of red-tape with specific action...Nationwide shutdown: Around hundred RMG factories opened ignoring BGMEA’s callAmid concerns over the spread of coronavirus, around one hundred readymade garment factories were opened in Savar and Ashulia area of Gazipur ignoring the decision...BSCIC industry owners seek special considerationBSCIC Industry Owners’ Association has sought special package to save lots of the sector from the wrath of today's economic woes, created due to Covid-19...FBCCI: Stimulus packages targeted and focusedFBCCI chief lauds prime minister's plans to increase government spending Describing the group of stimulus packages announced by the government as targeted and focused, Bangladesh's top...Stimulus for Bangladesh’s export-oriented enterprisesOn March 25, 2020, Prime Minister Sheikh Hasina announced, in her address to the nation, that the federal government would provide an incentive package of...Allow SMEs to have post-IPO paid-up capital below Tk 50crThe Bangladesh Merchant Bankers Association has proposed that the Bangladesh Securities and Exchange Commission should permit the small and medium enterprises to have post-IPO paid-up...ADB on Bangladesh: High outbreak of Covid-19 may hurt economyThe country's economy will suffer a lot when there is a substantial coronavirus outbreak, the Asian Development Bank said yesterday.The warning came on the 9th...Bangladesh garment makers say $3B in orders lost to virusBangladesh garment manufacturers say fashion retailers have cancelled or placed on hold more than $3 billion in orders due to the coronavirus outbreak, though a...Primark and Matalan among retailers allegedly cancelling £2.4bn orders in ‘catastrophic’ move for BangladeshMore than a million Bangaldeshi garment personnel have been sent home without pay or have lost their jobs after western clothing brands cancelled or suspended...Bangladesh economy to stay strong if coronavirus challenges managed: ADBBangladesh economy is likely to remain strong in fiscal year 2020 with strong GDP growth rate of 7.8 %, said a new report of Asian...Coronavirus Affects Millions Of Garment Makers In BangladeshThe coronavirus outbreak has influenced virtually all areas of the economy, like the fashion industry, which includes been grappling with how to purchase supply orders...Coronavirus and the Bangladesh economy: Navigating the Black Swan event of 2020During writing, a worldwide recession is known as an inevitability, however the jury is still from the likely durationGlobalization has brought great advantages to the...Collapse Of Bangladesh’s Garment Industry During Coronavirus Leaves Its Workers More Vulnerable Than EverMillions of garment factory staff in Bangladesh have already been released from work in the wake of the coronavirus pandemic, leaving them without income and...Govt must do more for SMEs, domestic industriesThere is absolutely no question that the export-oriented sectors, particularly garment, have already been dealt a cruel blow by the global coronavirus pandemic. Which is...Bangladesh's slavery survivors struggle as coronavirus halts businessesFor trafficking survivors-turned-entrepreneurs in Bangladesh - from caterers to hairdressers - the coronavirus pandemic has threatened their fresh start and left many struggling to manage.Starting...Defusing Bangladesh’s COVID-19 time bombBangladesh includes a health crisis in the making. Having less preparation in the United States and Europe which has spawned the ongoing crisis there still...Bangladesh in lockdown as virus halts business and threatens the economyBangladesh’s key seaport, Chittagong, is facing heavy congestion in its yard as a government-decreed national holiday restricts the flow of goods.The government has declared a...Coronavirus fallout: SMEs seek fiscal, financial support'Typically, SMEs run on a small sum of money, but because of dwindling sales, their funds dry up'As the coronavirus pandemic hit the economy, the...985 factories including 299 apparel units openA complete of 985 factories including readymade garments and textile units that fall under the jurisdiction of Industrial Police remained wide open until Sunday amid...H&M involves its garment suppliers’ rescueSwedish retail huge H&M yesterday assured its garment suppliers of taking shipment of goods that have already been manufactured, many to the relief of some...ADB approves $300,000 aid to Bangladesh for tackling CoronavirusThe grant is area of the Asian Advancement Bank's Regional Support to Address the Outbreak of Coronavirus Disease 2019 and Probable Outbreaks of Other Communicable...Garment employees going unpaid as fashion labels cancel ordersA survey of factory owners in Bangladesh discovered that major fashion retailers that are closing shops and laying off workers in Europe and the U.S....State coffer was topping up nicely before outbreakcrore in the first eight months of the fiscal year aided by healthy tax generation however the shortfall against the federal government target has kept...SMEs need urgent help tooThe central bank should form financial package immediately for small and medium enterprises (SMEs) to tide them over during this time period of economic upheaval...Economic threats in the time of coronaWhat will the impact of Covid-19 be on the Bangladesh economy? Overall, it seems inevitable that the GDP gains that were expected to be realised...Knitwear factories in N’ganj closed till April 4: BKMEABangladesh Knitwear Manufacturers and Exporters Association (BKMEA) today announced closure of knitwear factories in Narayanganj till April 4 -- in a bid to contain the...Navigating Covid-19 impacts on Bangladesh’s external sectorThe transmission channels by which the emergent global scenario in the wake of the Covid-19 pandemic are impacting the increasingly globalising economy of Bangladesh are...Bangladesh announces $588 million package for coronavirus-reach export sectorBangladeshi Primary Minister Sheikh Hasina on Wednesday unveiled a $588 million bundle for the country’s crucial export sector that is hit by the outbreak of...BGMEA seeks interest-free loan for 6 monthsThe Bangladesh Garment Producers and Exporters Association has sought interest-free loans for another half a year with a three-year repayment facility for textile and readymade...Govt seeks $1b from IMF, World BankBangladesh yesterday sought $1 billion on support from the International Monetary Fund and the World Bank as the united states looks to aid its persons,...Bangladesh seeks Singapore investmentsSINGAPORE businesses are showing a growing interest to purchase Bangladesh because of the friendly bilateral relations and bettering economic conditions on the united states of...