Current News

Bangladesh Bank (BB) on Tuesday extended banking hour by one and a half hour to 2:30pm to facilitate transactions by diverse groups including the businesses.

The government has allowed e-commerce providers to deliver food items, books, electronic gadgets and dresses to customer’s doorsteps adopting proper safety measures. 

Oil prices slipped back Wednesday after two days of gains, although Brent crude remained above $30 a barrel, as renewed US-China tensions offset optimism about the easing of coronavirus lockdowns.

President of the country’s apex trade organization FBCCI Sheikh Fazle Fahim on Monday said that they would remain involved in the working capital loan/investment disbursement process of the government-announced Tk 20,000 crore financial assistance package for cottage, micro, small and medium enterprise (CMSME) organisations.

The Dhaka Stock Exchange (DSE) has sought regulatory approval to resume trading for two hours a day from May 10 amid the ongoing general holiday.

Fresh borrowers will have to pay interest on all kinds of loans as usual for April and May, according to a Bangladesh Bank, or BB, notice on Monday.

Two apparel sector trade bodies — BGMEA and BKMEA — are discouraging their members from paying their workers full wages for the period of closure in April and have asked them to comply with the government decision of paying 60 per cent of their wages.

Oil extended gains in Asia Tuesday on signs of improving demand as coronavirus-hit major economies begin to ease strict curbs and as top producers slash output.

Around 2,200 clothing factories have applied for bank credits worth nearly Tk 31.5 billion from the government’s coronavirus bailout funds to pay workers.

The inflow of remittance in April was also down by 16.01% from the previous month Remittance inflow declined by 24.68% year-on-year to $1.08 billion in April as coronavirus pandemic took the toll.