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87pc RMG workers received wages: BGMEA

87pc RMG workers received wages: BGMEA

FE Online Report 2020-04-16 16:29:39

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Thursday claimed that about 87 per cent of its listed factory workers received March wages, the deadline for the same set by appar...

Pandemic to bring Asia’s 2020 growth to halt for 1st time in 60 years: IMF

Pandemic to bring Asia’s 2020 growth to halt for 1st time in 60 years: IMF

Reuters 2020-04-16 08:59:06

Asia’s economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an “unprecedented” toll on the region’s service sector and...

BB asks banks to waive interest on credit card bills due after Mar 15

BB asks banks to waive interest on credit card bills due after Mar 15

-- 2020-04-15 21:37:08

After late fee waiver, Bangladesh Bank has ordered all banks not to charge interest on credit card bills payable from Mar 15 to May 31 as the COVID-19 crisis drags on with a surge in number of cases....

Returnee migrants to get govt loans

Returnee migrants to get govt loans

-- 2020-04-15 18:08:50

The government on Tuesday said it will arrange loans for returnee migrant workers to enable them to pursue viable income activities, particularly in the agriculture sector. The loans, to be arranged...

China's banks remain robust amid pandemic

China's banks remain robust amid pandemic

Zhao Xijun 2020-04-15 17:56:08

China's banking system has remained robust after two years of reform and risk reduction efforts and can handle bad debt increases brought about by the coronavirus (COVID-19) pandemic. It is unreasonab...

COVID-19 to push China's Q1 GDP into record low

COVID-19 to push China's Q1 GDP into record low

-- 2020-04-15 15:03:58

The coronavirus health crisis likely knocked China’s economy into its first decline since at least 1992 in the first quarter, raising the heat on authorities to do more to restore growth as moun...

IMF lowers Bangladesh's FY20 growth estimate to 2pc

IMF lowers Bangladesh's FY20 growth estimate to 2pc

-- 2020-04-15 14:15:56

The International Monetary Fund (IMF) has predicted that Bangladesh’s GDP growth would come down to 2 per cent in the current fiscal year (FY2019-2020) due to the global coronavirus pandemic. I...

India permits resumption of some industries

India permits resumption of some industries

Reuters 2020-04-15 12:31:33

India will allow opening up of some industries in rural areas after April 20 to reduce the distress caused to millions of people because of a prolonged lockdown to halt the spread of coronavirus, the...

Apple tracks changes in travel behaviour during coronavirus pandemic

Apple tracks changes in travel behaviour during coronavirus pandemic

-- 2020-04-15 11:26:32

Apple has launched a tool that reveals changes in the travel behaviour of people who use its Maps app. The Mobility Trends Report produces three daily percentage figures, showing how many fewer peopl...

Comprehensive steps necessary for smooth container handling at Ctg Port

Comprehensive steps necessary for smooth container handling at Ctg Port

-- 2020-04-14 20:02:44

Terming Chattogram Port as economic lifeline of the country, speakers at a meeting have underscored the need for comprehensive measures to ensure smooth delivery of containers in the port to protect t...

Global economy heads toward "darkest hour," yet optimism glitters amid COVID-19 battle

Global economy heads toward "darkest hour," yet optimism glitters amid COVID-19 battle

Xinhua 2020-04-14 19:48:36

The COVID-19 pandemic has wreaked havoc on the world economy and cast a staggering gloom over growth prospects far and wide, incurring a short-term collapse in global output and widening tolls on vari...

BB issues stimulus guideline for cottage, MSMEs

BB issues stimulus guideline for cottage, MSMEs

-- 2020-04-14 18:13:43

Bangladesh Bank (BB) has issued a guideline for the stimulus package of Tk 200.00 billion announced by the government for the cottage, micro, small and medium enterprises to boost production and to ov...

China’s foreign trade fell 6.4pc in Q1 amid COVID-19 pandemic

China’s foreign trade fell 6.4pc in Q1 amid COVID-19 pandemic

Global Times 2020-04-14 17:37:30

China's foreign trade dipped 6.4 per cent year-on-year to 6.57 trillion yuan ($933 billion) in the first quarter (Q1), as the country faces increased pressure from the worldwide COVID-19 spread which...

Singapore teachers allowed to use Zoom again

Singapore teachers allowed to use Zoom again

-- 2020-04-14 16:32:29

Singapore has lifted its suspension of the video conferencing app Zoom for teachers, reports BBC. The ban came into effect last week after at least one lesson was hijacked by outsiders. One mother s...

China's 2020 GDP growth set to sink to 44-year low: Poll

China's 2020 GDP growth set to sink to 44-year low: Poll

REUTERS 2020-04-14 15:55:39

China’s economic growth is set to stumble to its slowest annual pace in nearly half a century, as the coronavirus health crisis shutters businesses and brings the global economy to a standstill,...

IMF cancels debt payments for 6 months for 25 nations

IMF cancels debt payments for 6 months for 25 nations

-- 2020-04-14 11:08:39

The International Monetary Fund on Monday approved $500 million to cancel six months of debt payments for 25 of the world's most impoverished countries so that they can help tackle the COVID-19 pandem...

BD asks missions abroad to explore new chances

BD asks missions abroad to explore new chances

REZAUL KARIM 2020-04-14 09:20:26

The government has exhorted its missions abroad to explore new business opportunities in the wake of the COVID-19 pandemic, officials said. The missions may seek such prospects and give necessary rec...

Economists stress devising proper strategies, effective economic diplomacy

Economists stress devising proper strategies, effective economic diplomacy

-- 2020-04-13 22:14:16

As Bangladesh will see a sharp decline in export earnings following the suspension of all trade activities across the globe amid the coronavirus onslaught, economists have underscored need for devisin...

India, Pakistan plan to restart some economic activity

India, Pakistan plan to restart some economic activity

-- 2020-04-13 17:35:12

India and Pakistan are planning to partially open up some parts of the economy, officials in the two countries said on Monday, as the costs of harsh lockdowns to limit the outbreak of the coronavirus...

BB cuts interest rate on farm loans to 4pc under stimulus

BB cuts interest rate on farm loans to 4pc under stimulus

-- 2020-04-13 16:40:12

The lending rate for credit under the Tk 50.0 billion stimulus package for farmers has been revised down to 4 per cent from 5 per cent. Banks participating in the scheme will receive a refinancing be...

Coronavirus frees Fed from 'moral hazard'

Coronavirus frees Fed from 'moral hazard'

REUTERS 2020-04-13 13:36:01

As the US Federal Reserve rolls out trillions of dollars to blunt the economic fallout of the coronavirus pandemic, there’s a notable difference to the last financial crisis: close to zero conce...

Huawei urges UK not to make 5G U-turn after pandemic

Huawei urges UK not to make 5G U-turn after pandemic

-- 2020-04-13 13:21:43

Chinese telecoms company Huawei has said that disrupting its involvement in the rollout of 5G would do Britain "a disservice". In January, the UK government approved a limited role for Huawei in buil...

WB makes grim economic forecast; Kamal disagrees

WB makes grim economic forecast; Kamal disagrees

 FE REPORT 2020-04-13 09:10:13

Bangladesh's economic growth will be between 2.0 and 3.0 per cent in the current fiscal in the aftermath of coronavirus pandemic, the World Bank has forecast. The WB has made the forecast on Banglade...

Mar-May RMG exports might fall by $5.0b

Mar-May RMG exports might fall by $5.0b

Monira Munni 2020-04-13 08:50:52

Apparel makers say export income from the country's readymade garment might decline by around US$5.0 billion between March and May due to the impact of pandemic. They feel that the $38.20 billion-exp...

SANEM suggests steps to make agriculture stimulus effective

SANEM suggests steps to make agriculture stimulus effective

FE Online Report 2020-04-12 21:28:03

Welcoming the government's announcement of Tk 50 billion stimulus package for agriculture sector, Dr Selim Raihan, executive director of SANEM suggested some steps to make the disbursement of the pack...

BB raises lending ceiling

BB raises lending ceiling

-- 2020-04-12 20:18:57

Bangladesh Bank has raised advance to deposit ratio (ADR) by 2.0 percentage points, enabling banks to lend more during the coronavirus lockdown. ADR, which measures loans as the percentage of deposit...

Global PC shipments fall in first quarter

Global PC shipments fall in first quarter

-- 2020-04-12 16:04:26

Global shipments of personal computers (PCs) fell in the first quarter (Q1) despite soaring demand driven by remote working and learning requirements from strict lockdown measures around the world, ac...

World Bank forecasts worst economic slump in BD in 40 years

World Bank forecasts worst economic slump in BD in 40 years

-- 2020-04-12 12:15:58

Bangladesh and other South Asian nations are likely to record their worst growth performance in four decades this year due to the coronavirus pandemic, the World Bank said on Sunday. The South Asian...

World Bank sees worst economic slump in South Asia in 40 years

World Bank sees worst economic slump in South Asia in 40 years

Reuters 2020-04-12 10:51:00

India and other South Asian countries are likely to record their worst growth performance in four decades this year due to the coronavirus outbreak, the World Bank said on Sunday. The South Asian reg...

Shutdown lands cos in trouble

Shutdown lands cos in trouble

DoulotAkter Mala 2020-04-12 08:40:21

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...