The Bangladesh Mobile Phone Manufacturing Association (BMPMA) has sought its share in the government-declared stimulus package to survive the COVID-19 pandemic. All the mobile handset assembly plants and factories are now out of operation during the ongoing countrywide lockdown, it said. In a letter to finance minister...
Businesses are facing difficulties in submitting VAT returns due to country-wide shutdown induced by COVID-19 outbreak. The deadline for return is April 15, 2020. Staffers of many business houses said their offices remained closed from March 26 in the line with the public holidays until April 25,...
Informal Sector Industry Skills Council (ISISC) has demanded an emergency fund for around 20 million people involved in informal sector in the wake of coronavirus outbreak. The council also urged the government to provide emergency loans with lower interest rate for the people, such as small entrepreneurs...
There seems to be finally some light at the end of the tunnel for the agriculture sector as the central bank and agriculture ministry have finalised a Tk 5,000 crore rescue package for farmers, rice millers, producers of all agro-products and owners of dairy farms. Since the...
The Bangladesh Securities and Exchange Commission has so far addressed over 94 per cent of the complaints lodged by stock investors online since the introduction of an online complaint module. On September 30 last year, the BSEC introduced the separate window — Customer Complaints Address Module (CCAM)...
The domestic tourism industry, hardest hit by coronavirus, has downsized its manpower by 5,085 in the past three months since January, according to a survey. In its report styled 'Impacts on Bangladesh Tourism and TOAB due to COVID-19', the Tour Operators Association of Bangladesh (TOAB) also claimed...
The central bank today cut both the policy rate and cash reserve ratio (CRR) once again to inject liquid funds into the market to push through the ongoing economic fallout stemming from the coronavirus pandemic. The regulator of the banking sector reduced banks' CRR by 100 basis...
The country's business leaders underscored the need for forming a task force to implement different measures the government had taken to overcome the losses caused by COVID-19 outbreak. They said the government has already taken some medium to long-term measures to carry on the economic activities during...
Coronavirus, which initially started in China, has now spread all over the world. It is now affecting 203 countries and territories around the world. As of yesterday, more than 1.4 million people have been affected by coronavirus and more than 67,000 people have lost their lives. Bangladesh...
The central bank's order to open bank or mobile financial service (MFS) accounts for disbursing the salaries of employees of export-oriented factories from the government's Tk 5,000 crore stimulus package will give a leg up to the digitalisation and financial inclusion agenda, experts said. But factory owners...