Current News

The government’s borrowing from the banking sector has escalated in recent days on the back of a revenue shortfall due to a collapse in economic activities from the coronavirus-induced protracted shutdown.

Bangladesh 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 in trouble amid cancellations of global orders.

They also proposed increasing budget allocations for health sector to 20% of the budget, social security to 20% and 10-20% for agriculture sector

Commerce Minister Tipu Munshi today said Bangladesh and Uzbekistan would form Joint Working Group (JWG) to boost bilateral trade and investment through removing different barriers.

Mobile operator Robi has reduced data price by 60 per cent considering the crisis situation due to coronavirus outbreak.

In an undaunted move, the central bank yesterday instructed banks to not give any cash dividend to both sponsors and investors until September to boost their capacity to absorb the strain on their capital base from the ongoing economic dire straits.

The assistance package is expected to benefit over 15 million poor and vulnerable people in Bangladesh

The relatively bigger and posh shopping malls across the country have said they preferred a continued shutdown to reduce scopes of coronavirus spread despite government permission for their restricted reopening ahead of the Eid ul Fitre.

Finance Division has released Taka 1,257 crore for providing Taka 2,500 to each of the 50 lakh families, who are affected across the country due to the impact of Novel Coronavirus (COVID-19).

US President Donald Trump ordered meat processing plants to stay open to protect the nation’s food supply even as workers got sick and died. Yet the plants have increasingly been exporting to China while US consumers face shortages, a Reuters analysis of government data showed.