News Desk Bangladesh Bank (BB) has instructed all banks to shut down their branches in the areas put under lockdown by the government or local administration to prevent the spread of coronavirus.
Category: Business
Our workers would die of starvation if not from coronavirus
“If our workers don’t die from coronavirus, they’d die of starvation.” This is the stark assessment of how the pandemic is impacting the clothing industry from garment factory owner, Vijay Mahtaney, the chairman of Ambattur Fashion India.
UK to charter flights to repatriate citizens from Bangladesh
Dhaka, April 08 – In light of the quite dramatic increase in the number of reported cases of COVID-19 in Bangladesh, the British government has moved swiftly to move its citizens out of the country.
Tourist District Cox’s Bazaar comes under virus lockdown
The district administration has decided to impose a lockdown on the district to prevent spread of coronavirus.
RMG producers from 6 nations urge partners honour contracts
Dhaka, April 08 – Six countries, including Bangladesh, have urged global brand companies, retailers and traders to carefully consider all potential impacts on workers and small businesses in the supply chain while taking significant purchasing decisions.
BB asks to open MFS accounts for industry workers
News Desk Bangladesh Bank (BB) has issued an instruction on opening mobile financial service (MFS) accounts for all workers and employees of export-oriented industries and factories by April 20 to facilitate providing salaries and allowances from government’s financial package.
Dhaka Police orders closure of markets, Dept-stores by 7 pm
Dhaka Metropolitan Police (DMP) on Monday ordered the closure of recognised kitchen markets and super shops in the capital by 7pm starting from 6 am every day.
Bangladesh Railway losing Tk 4-5 crore every day
Dhaka, April 05 – Bangladesh Railway is losing Tk 4-5 crore in revenue every day following the suspension of all train services across the country amid the coronavirus outbreak. On March 24, the government suspended all the passenger train services…
BB for ensuring bank employees’ smooth movement
News Desk Bangladesh Bank (BB) has requested the Home Affairs Ministry to take necessary steps for ensuring smooth travel of bank employees during the ongoing general holidays in the wake of coronavirus out break.
Bangladesh extends flight suspension till April 14
News Desk Bangladesh today extended ongoing ban on flight operation till April 14 to and from all European countries and the nations that restricted the entry of Bangladeshis to their territories earlier as well as on all domestic routes over…
Bangladesh public transports to remain suspended until Apr 11
Dhaka, April 05 – The operation of public transports will remain suspended until April 11 aiming to prevent the spread of coronavirus, said the Roads and Highways division on Saturday.
Consider closing RMG factories to tackle virus: Mayor Khokan
Dhaka South City Corporation (DSSC) Mayor Sayeed Khokon on Saturday called upon the Commerce Minister to consider shutdown of garments factories to prevent the spread of coronavirus.
DCCI for creating emergency fund for MSM Enterprises
Dhaka Chamber of Commerce and Industry (DCCI) has urged the government to create a three-year Emergency Fund with 1 percent interest to support the financially stressed local Micro, Small and Medium Enterprises (MSMEs) and informal sector for paying salary to…
BB calls applications for Tk 5,000cr stimulus package
News Desk Bangladesh Bank (BB) has called applications from all the scheduled banks for receiving low cost fund from Taka 5,000 crore stimulus package for the export-oriented industries announced earlier by Prime Minister Sheikh Hasina to help those overcoming the…
Hotline to facilitate marketing of poultry, dairy products
Fisheries and Livestock Ministry is set to open a control room at the Department of Livestock Services in the city’s Farmgate area on Saturday aiming to resolve the crisis in poultry and dairy sector of the country following coronavirus outbreak.
Bangladesh lifts ban on export of masks, hand sanitizers
The Commerce Ministry on Thursday withdrew its ban on the export of face mask and hand sanitizers.
Banking time increased by 1 hour during extended holiday
Bangladesh Bank has extended the operational hours of the banks by one hour during the extended general holidays until April 9.
Bourses to remain closed till April 11
News Desk The country’s two bourses will remain closed till April 11 as the government extended the general holidays to contain the spread of deadly coronavirus. The government on Wednesday issued an order extending the nationwide holiday until April 11.
G20 fails to arrive at concrete developmental package for South
Geneva, 31 Mar (D. Ravi Kanth) — Trade ministers of the Group of 20 countries (G20) on 30 March failed to arrive at a concrete developmental package for assisting developing and least-developed countries (LDCs) in combating the deadly COVID-19 disease…
Dhaka’s Banks start executing single digit lending rate
Banks in the countries started implementing single digit 9 percent interest rate for all kinds of loans except credit cards in compliance with the government directives.
Free transport service for doctors, nurses launched in capital Dhaka
Dhaka, April 01 – A free transport service for caregivers, including doctors and nurses, was launched on Wednesday so that they can go to hospitals in a faster and convenient way amid their fight against the coronavirus.
WB provides $350mn for locals, Rohingyas in Cox’s Bazar
Dhaka, April 01 – The World Bank has approved $350 million in grant financing for three projects to help Bangladesh cope with one of the world’s largest forced exoduses.
Time to ‘revenge shop’: China’s virus hot spot reopens
The city at the center of China’s virus outbreak was reopening for business Monday after authorities lifted more of the controls that locked downs tens of millions of people for two months. “I want to revenge shop,” declared an excited…
Buyers cancel orders worth $2.87 billion: BGMEA
Dhaka, March 31 – Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Monday said buyers have so far cancelled orders worth US$ 2.87 billion following the outbreak of coronavirus.
Islami Bank inaugurates Mujib Corner in Khagrachari
Islami Bank Bangladesh Limited inaugurated Mujib Corner at its Khagrachari Branch on the occasion of the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman.
Banks to release foreign exchange of travelers’ int’l cards
Economic Reporter Bangladesh Bank (BB) has instructed all banks to release foreign exchange within the permissible limit of travel or medical entitlement in their international cards.
Dhaka-Chittagong freight train service suspended
Dhaka, March 29 – Freight train service between Dhaka and Chattogram remained suspended from Sunday noon as there is no space at the Inland Container Depot (ICD) in Dhaka for keeping containers.
BD garment makers want to export PPE after local demand met
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) wants to export personal protective equipment (PPE) meeting domestic demand as their demand is growing across the globe amid coronavirus pandemic.
Islami Bank inaugurates Mujib Corner in Bogura
Islami Bank Bangladesh Limited inaugurated Mujib Corner at its Bogura Branch on the occasion of the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman.
Banks to remain open from tomorrow
Banks will remain open in limited scale from tomorrow to facilitate the financial transaction for their clients though the government has declared general holidays from March 29 to April 2.