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 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...
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...
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...
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...
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,...
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...
Inflation edged up slightly in March owing to the rise in prices of non-food items although coronavirus-induced panic-buying before the country was placed on a lockdown made some food items expensive. General inflation rose by only two basis points to 5.48 per cent from 5.46 per cent...
