Bangladesh Bank issues a circular suspending the interest on all types of loans for April and May Prime Minister Sheikh Hasina has said the government has decided that two months will be declared as zero interest months for the borrowers.
Read More »BB relaxes policy for foreign-owned companies
Foreign owned or controlled companies operating in Bangladesh irrespective of sectors may access short-term working capital loans, for the tenure of one year extendable to another one year, from their parent companies or shareholders abroad
Read More »Oil starts week on back foot as rally loses steam
Oil prices fell on Monday after strong gains last week, with continued concerns about oversupply and storage capacity due to a coronavirus-triggered demand shock overshadowing massive output cuts. US benchmark West Texas Intermediate fell about eight percent to trade at $18.19 a barrel.
Read More »Bangladesh reopens its biggest textile market amid coronavirus lockdown
Bangladesh’s biggest wholesale clothing market at Baburhat, Narsingdi has reopened prior to the Eid-ul-Fit with some curbs amid the nationwide lockdown designed to limit the coronavirus spread.
Read More »BSEC to form panel of independent directors for listed companies
The securities regulator has decided to form a panel of independent directors who will be appointed in the boards of listed companies.
Read More »ADB now forecasts economic losses of $13.3b
Where does this end? The Bangladesh economy now stands to lose a staggering $13.3 billion for the coronavirus outbreak, according to the Asian Development Bank, which is more than four times the amount of damage the Manila-based multilateral lender had predicted back in March.
Read More »Sonali Paper gets more BSEC favours to get relisted
The Bangladesh Securities and Exchange Commission has given Sonali Paper and Board Mills Limited further exemption from rules as the previous waivers could not ensure relisting of the low-profile company on the Dhaka Stock Exchange’s main board.
Read More »Strong monitoring prevents price hike of essential commodities
Unscrupulous wholesale or retail traders who tried to capitalize on the situation and raise prices were often fined Prices of essential commodities at kitchen markets in the capital fell due to strong monitoring by law enforcement agencies and government measures to protect consumer rights.
Read More »GP to extend users account validity due to COVID-19
Grameenphone (GP) today said it would extend its customers’ account validity to keep them connected through cell phones even after the expiry of deadlines, to supplement the nationwide anti-COVID-19 campaign, primarily through enforcing physical distancing among people.
Read More »Bangladesh fares better among 66 economies to deal with COVID-19: Economist
The Economist, the leading source of analysis on international business and world affairs, has placed Bangladesh as the 9th strongest economy in its report on the financial strength of 66 emerging economies in the wake of the Covid-19 attack.
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