The export of personal protective equipment (PPE) has opened a new avenue for apparel manufacturers of Bangladesh who are reeling from order cancellations and downswings of exports in the Covid-19 pandemic. According to figures by the Export Promotion Bureau (EPB), PPEs, including masks, gloves, and gowns, have...
Some banks are reluctant to distribute loans from the coronavirus stimulus package, FBCCI has alleged, reports bdnews24.com. The Federation of Bangladesh Chambers of Commerce and Industry will inform Finance Minister AHM Mustafa Kamal about the banks’ reluctance to implement the package, FBCCI President Sheikh Fazle Fahim said....
Known Unknown. A term that the airline industry is all too familiar with. It means sudden devastating happenings that periodically hit the industry. But the global coronavirus pandemic has spawned another new term: unknown unknown. Airlines across the world are passing through a perfect storm and the...
Before Covid-19 hit the country, all activities in the real estate sector including construction, promotion and sales were encouraging. The upward trend of investment continued further in the 2020 when the amount of advances was recorded at around Tk 800 billion. Now, it is getting difficult for...
Bangladesh Malaysia Chamber of Commerce and Industry (BMCCI) today underscored the need for taking necessary steps to avail the advantage of manpower export in the health sector in the changing world due to COVID-19. “The world has learned the need for health professionals in a hard way....
Farm loan disbursement by the country’s banks dropped by 60 per cent or Tk 2,442.99 crore in April-May this year compared with the amount disbursed in the same period of last year due mainly to the coronavirus outbreak-induced disruptions. Due to the plunge in the disbursement, the...
While the Covid-19 pandemic has sent the booming eatery business across the country, particularly in Dhaka, into a nosedive, the owners have said the sector is on the verge of ruin. As the hospitality business started to experience low turnout of customers since the detection of first...
The government has decided to shut the operation of the ailing state-owned jute mills under the Bangladesh Jute Mills Corporation (BJMC), sources said. It is also planning to allow the private sector to operate the mills provided that they have expertise in the jute sector business, they...
BUILD, a public private dialogue platform, has called for restoring the rebate facility for good borrowers who pay their loan installments on a regular basis. The Bangladesh Bank on June 18 scrapped the previous 10 percent rebate to good borrowers on the interest or profit accrued from working...