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After World Bank, the International Monetary Fund (IMF) has also projected Bangladesh’s low economic growth for this year as a result of the virus outbreak.

Mobile financial service BKash is jointly working with the garment companies and their associated banks to ensure the apparel workers’ accounts so that the government can pay their wages directly, said a press release.

Faced with a once-in-a-century economic crisis, governments are rolling out massive spending programs that will increase debt and deficits, but IMF economist Gian Maria Milesi-Ferretti said now is not the time to worry about that.

Google and Facebook’s advertising businesses, which have roughly tripled in combined size over the past five years, may be headed for a rare stumble as the coronavirus pushes the global economy into a tailspin.

Steel Building Manufacturers Association of Bangladesh (SBMA) on Sunday said the industry will suffer a financial loss of around Tk 4 billion due to the global COVID-19 pandemic.

The Hajj Agencies Association of Bangladesh (HAAB) has demanded the government provide interest-free working capital of Tk 15 billion (1,500 crore) to cover their losses due to the outbreak of coronavirus pandemic.

Welcoming the government’s announcement of Tk 50 billion stimulus package for agriculture sector, Dr Selim Raihan, executive director of SANEM suggested some steps to make the disbursement of the package effective. Dr Raihan, in a statement on Sunday, said as the domestic supply chain of agricultural materials has collapsed, the …

The Bangladesh Garment Manufacturers and Exporters Association feared that the country’s readymade garment exports in the March-May period of this year would fall nearly $5 billion short of the regular figure due to the coronavirus outbreak across the world.

The Bangladesh Bank on Sunday increased the banks’ advance-deposit ratio with a view to enhance their lending capacity and facilitating implementation of the government announced stimulus packages. In a circular issued on the day, the BB increased the ADR to 87 per cent for conventional banks and the investment to …

The notice said if the rules are implemented by the BSEC, the DBA will challenge the propriety of the rules DSE Brokers Association (DBA) has served a legal notice to the board of directors and management of the Dhaka Stock Exchange (DSE) for giving “no objection” to the draft Trec …