News

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

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.

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.

The securities regulator has decided to form a panel of independent directors who will be appointed in the boards of listed companies.

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.

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.

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.

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.

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.

The Bangladesh Standards and Testing Institution (BSTI) has accelerated its activities to keep imports normal during the coronavirus crisis.