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‘20m people in informal sector need emergency fund’

‘20m people in informal sector need emergency fund’

-- 2020-04-11 21:16:32

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...

Cargo handling increases in Chattogram port

Cargo handling increases in Chattogram port

-- 2020-04-11 19:37:37

Cargo handling activities have increased in Chattogram port as import of essential commodities targeting the upcoming Ramadan has increased to a great extent in the port. The activities have increase...

Bourses to remain shut until April 25 as holiday extended

Bourses to remain shut until April 25 as holiday extended

FE Online Report 2020-04-11 17:57:53

The country’s two bourses will remain closed until April 25 as the government further extended the ongoing holiday to contain the spread of deadly coronavirus.   The government has furt...

Coronavirus: Indian researchers develop antimicrobial face-shield, hands-free object

Coronavirus: Indian researchers develop antimicrobial face-shield, hands-free object

Xinhua 2020-04-11 17:05:42

The "National Institute of Pharmaceutical Education and Research (NIPER)", situated in India's north-eastern state of Assam, has come out with two innovative products to help the country fight COVID-1...

ISPAB urges customers to pay monthly bills amid COVID-19 shutdown

ISPAB urges customers to pay monthly bills amid COVID-19 shutdown

FE Online Report 2020-04-11 14:45:54

Internet Service Providers Association of Bangladesh (ISPAB) urged its customers to pay monthly bills in time amid the coronavirus shutdown. The internet service providers (ISPs) are providing intern...

Tunisia economy expected to contract by 4.3pc in 2020

Tunisia economy expected to contract by 4.3pc in 2020

-- 2020-04-11 11:00:53

Tunisia’s economy is expected to contract by 4.3 per cent in 2020 amid the coronavirus crisis, the deepest contraction since its independence in 1956, the International Monetary Fund (IMF) sai...

Apple, Google to create contact tracing technology to fight coronavirus spread

Apple, Google to create contact tracing technology to fight coronavirus spread

-- 2020-04-11 10:29:27

Apple Inc and Alphabet Inc’s Google said on Friday that they will work together to create contact tracing technology that aims to slow the spread of the coronavirus by allowing users to opt into...

Tourism sector reels from virus outbreak

Tourism sector reels from virus outbreak

Kamrun Nahar 2020-04-11 08:48:40

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 Banglade...

Pandemic impact: Govt seeks $500m budget aid from WB

Pandemic impact: Govt seeks $500m budget aid from WB

FHM Humayan Kabir 2020-04-11 08:10:25

The government has sought US$500 million budgetary support from the World Bank to help finance the annual public expenditure, officials said on Friday. The Economic Relations Division, or ERD, has re...

China to take global lead in economic recovery: analysts

China to take global lead in economic recovery: analysts

Global Times 2020-04-10 19:58:33

Even after the city lockdown was lifted, Liu Qi, a taxi driver in Wuhan, Central China's Hubei Province, said he only had half the number of fares compared with before the coronavirus pandemic, as res...

Mastercard advocates sufficiently high contactless payments limits

Mastercard advocates sufficiently high contactless payments limits

FE Online Desk 2020-04-10 19:37:39

Mastercard’s unwavering commitment to making transactions more convenient, safe and seamless through tap-and-go card payments has taken on new urgency and importance as the spread of COVID-19 hi...

'BD seeks $700m from IMF'

'BD seeks $700m from IMF'

-- 2020-04-10 19:06:21

Bangladesh is seeking $700 million in financial assistance from the International Monetary Fund to mitigate the economic impact of the coronavirus crisis, Tokyo-based Nikkei Asian Review reports. "We...

Banks to close down branches in locked down areas

Banks to close down branches in locked down areas

-- 2020-04-10 17:50:46

The Bangladesh Bank has instructed all banks to shut down their branches in the areas put under lockdown by the government or local administration to prevent the spread of coronavirus. The central ba...

US weekly jobless claims hit 6.6 million

US weekly jobless claims hit 6.6 million

-- 2020-04-10 11:15:15

The number of Americans seeking unemployment benefits has surged for a third week as the economic toll tied to the coronavirus (COVID-19) pandemic intensifies. More than 6.6 million people filed j...

Pandemic will unleash worst recession since Great Depression: IMF chief

Pandemic will unleash worst recession since Great Depression: IMF chief

-- 2020-04-09 22:06:47

The pandemic sweeping the world will turn global economic growth "sharply negative" in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, t...

BB cuts CRR,  repo rate to enable banks to implement Tk 727.5b stimulus

BB cuts CRR, repo rate to enable banks to implement Tk 727.5b stimulus

-- 2020-04-09 19:20:19

Bangladesh Bank (BB) has re-fixed the Cash Reserve Ratio (CRR) at 4.0 per cent on bi-weekly average basis with a provision of minimum 3.5 per cent on a daily basis effective from April 15, 2020. ...

France rules Google to pay news firms for content

France rules Google to pay news firms for content

-- 2020-04-09 17:20:32

France’s competition authority ruled on Thursday that Google must pay French publishing companies and news agencies for re-using their content, reports Reuters. The US tech firm said it would c...

Revenue collection to face severe blow, NBR official warns

Revenue collection to face severe blow, NBR official warns

-- 2020-04-09 14:19:49

The revenue collection in Bangladesh will face a severe blow due to slowdown in economic activities in the country and elsewhere in the world following the coronavirus outbreak. "Yes, there’ll...

After pandemic, Fed policymakers see slow US recovery

After pandemic, Fed policymakers see slow US recovery

REUTERS 2020-04-09 10:23:00

The US economy is set for a deep slide in coming months with the coronavirus forcing businesses to shut and putting millions out of work, but Federal Reserve policymakers are also warning of a sluggin...

Business leaders for task force to oversee measures

Business leaders for task force to oversee measures

FE REPORT 2020-04-09 10:04:06

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...

WB tells govt to divert funds from less-important projects

WB tells govt to divert funds from less-important projects

FHM HUMAYAN KABIR 2020-04-09 09:21:02

The World Bank (WB) has advised Bangladesh to divert unutilised funds from the ongoing less-important development projects to help strengthen its fight against coronavirus, officials said on Wednesday...

Worst-ever economic depression likely

Worst-ever economic depression likely

Rezaul Karim 2020-04-09 08:39:40

The country's economic sectors might face a worst-ever recession in the wake of the coronavirus pandemic, according to a position paper of commerce ministry. The paper was presented at a high-level...

Global trade may fall by even 32.0pc due to pandemic: WTO

Global trade may fall by even 32.0pc due to pandemic: WTO

FE Online Report 2020-04-08 20:31:55

Global trade may fall by between 13.0 per cent and 32.0 per cent in 2020 as the COVID-19 pandemic disrupts normal economic activity and life around the world, projects the World Trade Organization (WT...

Hotel workers passing difficult time without jobs

Hotel workers passing difficult time without jobs

-- 2020-04-08 19:52:56

Thousands of workers of different hotels, restaurants and sweetmeat shops are going through a tough time without jobs as most eateries have been closed down amid a government-announced general holiday...

Pandemic to wipe out 6.7pc of working hours globally in Q2

Pandemic to wipe out 6.7pc of working hours globally in Q2

FE Online Report 2020-04-08 16:57:05

The coronavirus (COVID-19) pandemic is likely to wipe out 6.7 per cent of working hours globally in the second quarter of 2020 - equivalent to 195 million full-time workers, according to the Internati...

IFIC Bank donates Tk 50m to PM Fund

IFIC Bank donates Tk 50m to PM Fund

FE Online Desk 2020-04-08 16:49:50

IFIC Bank Limited has donated Taka 50 million to Prime Minister’s Relief and Welfare Fund to help fight the outbreak of Coronavirus or COVID-19.   The Bank handed over the cheque to the P...

ESCAP’s pre-COVID projection sees 7.8pc economic growth in BD

ESCAP’s pre-COVID projection sees 7.8pc economic growth in BD

FE Online Report 2020-04-08 16:46:15

The economy of Bangladesh may grow by 7.80 per cent in the current fiscal year (FY210), according to a projection of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)....

China still needs to hold onto US Treasuries

China still needs to hold onto US Treasuries

Global Times 2020-04-08 16:20:49

There has been no short of calls for sell-off of US Treasuries in China over the past decade, but such a decision should by no means be a political one.The foremost reason why China cannot consider se...

Twitter boss pledges $1b for coronavirus relief

Twitter boss pledges $1b for coronavirus relief

-- 2020-04-08 11:30:08

Jack Dorsey, the founder of Twitter and payment app Square, has said he will donate $1 billion (£810m) towards efforts to tackle the coronavirus pandemic. According to Mr Dorsey, the donation r...

Facebook launches new chat app for couples

Facebook launches new chat app for couples

-- 2020-04-08 10:39:57

Facebook Inc on Tuesday launched a new messaging app for couples called “Tuned” that allows them to chat, share photos and music as well as have a timeline of shared memories. The app i...