Health ministry has sought an estimated Tk 5.0-billion emergency fund from the government with an eye to fighting Covid-19, officials said. To this effect, central medical stores depot (CMSD) has recently requested health services division to take necessary steps to approve and release the fund. It will...
In the digital age, Bangladesh's mobile telecom market is still dominated by the second generation (2G) services while scenarios in other Asia Pacific countries are quite different and are predominated by 4G services, according to a GSMA report published on Monday. The 2G technology is the mobile...
Startups, in the last few months, have seen a visible dip in their businesses. Across the board, companies have struggled to stay afloat. However, there are a few startups who have managed to cope and overcome these unprecedented times. Utilizing unique leadership practices, adapting their business models,...
In discussions on achieving double-digit ranking in the World Bank’s Ease of Doing Business Index, government officials from different ministries and divisions on Wednesday put emphasis on a digitization of services and continuation of reforms. In the World Bank’s Ease of Doing Business 2020 report, Bangladesh ranked...
Financial markets worldwide are responding abruptly to the on-going coronavirus pandemic. The Covid-19 pandemic is likely to produce widespread impacts on financial markets and institutions in almost each affected country. Bangladesh is no exception. Although the stock market is yet to prove its dominance in the market...
Local electronics giant Walton is going to enter Turkish market with the company’s ‘Made in Bangladesh’ labelled compressors, undoubtedly a big opportunity for the local brand to expend their export market to Europe. According to an agreement signed with the Turkish company ‘Kargi’ on Tuesday, the local...
The government’s borrowing from the country ‘s banking system through treasure bills and bonds for the first time exceeded Tk 85,000 crore in the just concluded fiscal year 2019-2020 due mainly to gloomy revenue collection and plunge in sales of national savings certificates. According to Bangladesh Bank data,...
The central bank of Bangladesh has relaxed regulations aiming to attract foreign direct investment (FDI) through providing three more facilities to foreign investors. Under the relaxations, foreign investors are eligible to receive their dividend in foreign currency (FC) accounts maintained in Bangladesh, according to a notification, issued...
Apart from the traditional markets like Europe and the US, Bangladesh should focus more on the Asian markets to revive export earnings during the time of the pandemic, said Mustafizur Rahman, a distinguished fellow of the Centre for Policy Dialogue (CPD). About 80 per cent of the...