The country's trade deficit widened by $1.09 billion or 7.28% year-on-year to $16.06 billion in the first eleven months of the outgoing 2019-20 fiscal year as export earnings fell more than import spending. The widening deficit also indicated a sluggish trend in the economy owing to the...
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...
CAIRO: While countries in the Middle East and North Africa (MENA) have responded unevenly to the coronavirus pandemic, a majority imposed aggressive temporary lockdowns on businesses and people’s movement.
Containment efforts, paired with a global economic slowdown, supply chain disruptions and a drop in...
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....
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...