News

The Rome government sees Italy’s debt-to-GDP ratio surging to between 155 per cent and 159 per cent of national output this year, sources close to the matter told Reuters, as it increases borrowing to mitigate the impact of a lockdown to fight the new coronavirus.

Four in five workers in country’s readymade garment sector received their salary by mid-April for the work they performed in March, despite the economic pressures of the COVID-19 pandemic, data from a new survey show.

Grameenphone has sought additional spectrum for an interim period to offer better internet services as their network has become busier for a surge in data usage amid the coronavirus-induced lockdown.

Only export-oriented industries can apply for loans to pay wages of their employees for April, May, and June, according to guidelines of the fund

The price of a barrel of Brent Crude – the UK benchmark for oil – has slipped below $20, its lowest level since 2002.

Some listed multinational companies (MNCs) including Grameenphone will hold their annual general meeting (AGM) through digital platform avoiding public gathering to contain COVID-19 infection.

Finance Minister AHM Mustafa Kamal has sought $1.0 billion budget support in the next fiscal year (FY21) in addition to $500 million budget support in current fiscal to overcome the shock of novel coronavirus (COVID-19).

The National Board of Revenue (NBR) has decided to review the turnover of some selective sectors that are in full-fledged business during coronavirus lockdown.

The Bangladesh Bank on Monday launched a Tk 3,000 crore revolving refinance scheme for low-income group people, farmers and marginal or small businesses, specifying that loans from the scheme would be disbursed through the microcredit entities, also known as non-governmental organisations.

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.