Leather goods and
footwear exporters have faced export order cancellation of $200 million, while
the crushed leather exporters have seen another $53 million cancellation
Exporters involved in crushed leather and leather goods
business have suffered financial losses worth above $250 million as the trade
with major global economies...
Slow delivery of goods has created space shortage at the Chattogram port and a long queue of vessels at the outer anchorage in the last few days. At noon yesterday, about 20 container vessels were found waiting at the outer anchorage. The Chattogram Port Authority (CPA) has...
With the bad comes the good as they say and this could prove true as far as the coronavirus pandemic and Bangladesh's e-commerce industry is concerned. The outbreak of the highly contagious, lethal pathogen has created new opportunities for the country's e-commerce market, according to various speakers...
Tourism sector of Bangladesh might face a loss of Tk 60.00 billion from January to December this year due to coronavirus outbreak as the sector has been affected most by the pandemic. The Tour Operator Association of Bangladesh (TOAB), a platform of 678 tour operators of Bangladesh,...
Bangladesh has thus far announced a $8.56 billion stimulus package that is nearly three times the initial projected economic losses from the coronavirus pandemic. Earlier in March, the Asian Development Bank forecasted that Bangladesh's gross domestic product may contract by as much as 1.1 per cent in...
Steel manufacturers are bracing for massive losses as the coronavirus pandemic has disrupted the import of raw materials and production -- a development that will also deal a blow to real estate and infrastructure projects. As much as 90 per cent of the raw materials are imported...
Banks will face trouble in implementing the government's Tk 72,500 crore bailout package due to their ongoing liquidity crunch that has been compounded by the coronavirus pandemic. Of the total amount of the rescue packages, banks will provide Tk 30,000 crore in loans from their own resources...
The Centre for Policy Dialogue (CPD) predicts a Tk
1.0-trillion revenue collection shortfall this fiscal considering the impact of
COVID-19 on the economy. It also apprehends adverse implications for revenue
mobilisation during the remainder of fiscal year (FY) 2019-2020 and beyond. The
CPD believes revenue loss and increased public expenditure for...
The Asian Infrastructure Investment Bank (AIIB) has approved
a $404 million loan to improve Bangladesh's intercity travel and cross-border
connectivity.
The upgrade of the country's national highway between Sylhet
and the Tamabil border crossing will improve overall commuter safety and reduce
travel times for road users, including freight...
The Bangladesh Bank has asked the banks not to impose any late fees, interests and penalties for the delay in credit card bill payment till May 31 amid the coronavirus outbreak in the country. The central bank in a circular said that the banks had been directed...