News

Drugmakers across the globe are rushing to develop a treatment or vaccine for the fast-spreading coronavirus that has killed over 68,400 people globally. There are currently no approved treatments for the disease.

As part of their corporate social responsibility (CSR), large companies like banks and pharmaceuticals have joined forces with the government to fight COVID-19.

Bangladesh’s business community and economists yesterday showered praise on Prime Minister Sheikh Hasina after she unveiled a Tk 72,750 crore package in a surprise move to tackle the fallouts of the deadly coronavirus, calling the fund bold, time-befitting and focused.

Trust Bank and Malaysian telecommunications conglomerate Axiata Group Berhad have secured the initial approval from the Bangladesh Bank to run a mobile financial service.

Publicly listed companies Beximco Pharmaceuticals and Beacon Pharmaceuticals have produced Favipiravir, an antiviral drug that is being used by China to treat Covid-19 patients.

The Centre for Policy Dialogue (CPD) on Sunday urged the government to keep corporate taxes unchanged and slash individual taxes in the upcoming budget to help businesses and general taxpayers overcome the crisis emerging from COVID-19.

Uncertainty looms large over the invitation of a planned international bidding for hydrocarbon exploration in the country’s gas blocks due to the coronavirus impact on the global economy.

US President Donald Trump said on Saturday he would impose tariffs on crude imports if he has to “protect” US energy workers from the oil price crash that has been exacerbated by a war between Russia and Saudi Arabia over market share.

The country’s two bourses will remain closed

Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) today welcomed the stimulus package of Taka 72,750 crore to mitigate the impact of coronavirus on the national economy.