Regional & International Economy

Country’s leading economists and business leaders today welcomed the Taka 72,750-crore stimulus package announced by Prime Minister Sheikh Hasina yesterday (Sunday) to offset the possible impact of the novel coronavirus (COVID-19) on the country’s economy.

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.

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.

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.

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.

The United Arab Emirates has officially requested to postpone the start of the Expo 2020 Dubai until October next year due to the Covid-19 coronavirus pandemic, the body that oversees the world fair said on Saturday.

Leaders of the global oil industry are planning a crucial “virtual” summit next Monday amid ongoing volatility in crude prices and falling energy demand.

President Donald Trump said Tuesday he will meet US energy executives this week to discuss plummeting oil values amid coronavirus and a Saudi-Russian price war.