Indian High Commission in Bangladesh in collaboration with India-Bangladesh Chamber of Commerce and Industry (IBCCI) jointly organised a webinar on Thursday and discussed challenges and possible ways to facilitate bilateral trade and business between Bangladesh and India amidst the COVID-19 scenario. Indian High Commissioner to Bangladesh Riva...
The COVID-19 pandemic has driven most commodity prices down amid the global economic shock, said the World Bank on Thursday. The pandemic will most likely bring down commodity prices substantially lower over 2020, the World Bank said in its April Commodity Markets Outlook. "Sudden stop to economic...
The country’s accumulator battery industries sought a financial help of Tk 2,000 crore from the government to overcome the adverse impact of coronavirus outbreak on the sector. Of the proposed support, they wanted Tk 400 crore as grant and the remaining one as loan from the bailout...
It’s been a few weeks since I wrote my
last article. Like so many in the startup ecosystem in Bangladesh and beyond,
we at Bangladesh Angels Network (BAN) have not been immune to the present
crisis with the lockdown in the country and the uncertain state of the economy.
We’ve had...
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. With a grace period of three months,...
The Bangladesh economy is losing Tk 33 billion every day from its service and agriculture sectors during the nationwide shutdown over the coronavirus outbreak, a new study says. Researchers from Dhaka University’s Institute of Health Economics released the finding after analysing the state of national economy from...
Bangladesh has been a major beneficiary of globalization. The country has benefitted from the outsourcing of production to places where it can be done in a more cost-effective way. The ready-made garments (RMG) industry is labor intensive and labor is available in Bangladesh in abundance at a...
By the end of 2020, at least 20 billion devices along with more than 5 billion people and businesses will be integrated through digital technology. Digital Financial Service (DFS) promises extensive development of new potential which should lead to an impactful competitive advantage - one of which...
The Dhaka Sanitation Improvement project, co-financed with the World Bank, will support government investments in sanitation infrastructure comprising sewerage systems, sewage treatment, and pilot measures for hard-to-reach areas in the Pagla catchment, one of the most densely populated areas of the city, the AIIB said in a...
The government has stepped up measurers for enhancing imports of key essential commodities to keep their supply and prices stable in the market during Ramadan which will start in late April, officials said. To this end, it has recently askedthe country's importers concerned to speed up imports...