Current News

US crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil.

The directors of Dhaka Stock Exchange (DSE) are at loggerheads over a regulatory move taken to issue new TREC (Trading Right Entitlement Certificate) required to conduct trading business by aspirant local and foreign companies.

Underlining the importance of overhauling the banking sector, the International Monetary Fund, or IMF, has said only a sound financial system can speed up an economic rebound as Bangladesh battles the coronavirus pandemic.

Bangladesh has turned to multilateral lenders in earnest to pull the country out of the wreckage of COVID-19, which has left the country’s tremendous growth momentum of recent years coming crashing down.

The government has rejected the Bangladesh Garment Manufacturers and Exporters Association’s plea for a Tk 50 crore loan from the Central Fund operated by the labour ministry to pay workers’ wages for March amid unrests for pay.

Around 47% people had to cut their cost of consumption due to the fall in income

Asian Infrastructure Investment Bank (AIIB) has approved US$170 million loan to support government’s efforts in developing Dhaka’s sanitation system as about 1.5 million residents are expected to be benefited from this improved sanitation.

India has stepped up scrutiny of investments from companies based in neighbouring countries, in what is widely seen as a move to stave off takeovers by Chinese firms during the coronavirus outbreak, reports Reuters.

The National Board of Revenue (NBR) issued an order on Saturday, allowing the Chattogram-based private inland container depots (ICDs) or off-docks to handle six more imported goods.

Export earnings in March declined by 18.29 percent year on year to $2.73 billion due to a fall in shipment of apparels, according to data from the Export Promotion Bureau (EPB).