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Process begins to disburse stimulus

The process of disbursement of the Tk100,000 crore stimulus package announced by Prime Minister Sheikh Hasina to overcome the economic crisis due to the virus pandemic has been initiated. Earlier, following the announcement of the Prime Minister, the finance ministry prepared a policy and guideline ...

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1127cr project to fight Covid-19

The government formulated a special project involving Tk 1127 crore to combat the growing coronavirus outbreak in the country, said senior official of the Planning Ministry. Prime Minister Sheikh Hasina on Sunday approved the project titled ’Covid-19 Emergency Response and Pandemic Preparednes...

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Clothing businessmen fear Eid losses

Coronavirus has already emerged as a threat to clothing retailers for the upcoming Eid-ul-Fitr, with the nationwide shutdown to slow the spread of the virus in force, experts said. As a result, businesspeople are passing a critical time and fearing huge losses ahead of the upcoming Eid festival as i...

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Handicraft toy makers suffer huge losses

The handmade toy industries supplying their products across the country are witnessing huge lossesas the outbreak of thecoronavirus has dealt a heavy blow to the global supply chain, businessmen said. They said that since raw materials, used to manufacture the handicrafts, come from China which is n...

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Businesspeople fear duration prolongation

Like many other countries of the world, businessmen of Bangladesh are now in the grip of worry and seeing bleak future as the COVID-19 is continuing to take toll along with prolonged duration, experts said. While the coronavirus pandemic is getting longer in the country, businessmen in all sectors h...

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A nightmare for businessmen

This year Pahela Baishakh, the first day of Bengali Calendar, has emerged as a nightmare for businessmen as they are incurring huge losses amid Coronavirus epidemic, experts said. Businessmen are worried and put in adverse situation as their businesses have almost been shut down due to the supply ch...

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Stimulus package to be disbursed soon

The government is planning to disburseTk72,750 crore as part of the recently announced stimulus package aimed at overcoming the impact on the country's economy from coronavirus, officials said. A Bangladesh Bank official said that the central bank will issue a set of guidelines soon for disburse...

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Women entrepreneurs express grave concerns

Women entrepreneurs are increasingly showing concerns over their seasonal business in the future for coronavirus pandemic in the country, experts said.They pointed out that the rural based small entrepreneurs have already missed some important business opportunities like making handicrafts on the oc...

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PM’s announcement a bold decision: Experts

Terming Prime Minister Sheikh Hasina’s announcement of incentive package of $8.56 billion (Tk72,750 crore) as a bold, courageous, time-befitting and an effective step to overcome the country’s overall economic shock, experts laid stress on offsetting any indulgence to undue and illegal m...

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Expats pass tough times

Thousands of Bangladeshi expatriates in different countries are passing tough times after being unemployed due to lockdowns and other restrictions imposed by their governments to contain the spread of coronavirus, said sources concerned. A sense of uncertainty, not knowing what lies for them in the ...

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Remittance hits 15-month low

All-engulfing Coronavirus that has already emerged as a threat to world economy has affected the country’s remittance inflow to hit 15-month low in March 2020. The country’s remittance inflow has witnessed a falling trend to stand at $1.28 billion in March, according to Bangladesh Bank (...

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24 million day labourers jobless

More than 24 million day laborers are going through a critical time without their daily food for loss of work due to restrictions imposed to contain the spread of Coronavirus. Following the other countries of the world, experts and economists have suggested special cash incentives be provided to the...

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Local industry in crisis for coronavirus

Local industry is facing a very critical time almost shutting down for supply chain disruptions caused by the coronavirus, experts said. The government deployed troops, RAB and police to enforce the start of a nationwide 10-day shutdown to slow the spread of the virus in the densely populated countr...

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Prices of essentials skyrocket

Despite the satisfactory reserve of food grains in the city, prices of daily essentials have skyrocketed beyond the capacity of lower income people after countrywide lockdown caused by coronavirus. The prices of essentials especially vegetables on Saturday shot up by Tk 10-15 per kg in the city&rsqu...

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Coronavirus uncertainties affect businesses

Businessmen are worried about the present situation as their businesses have almost shut down for supply chain disruptions caused by the coronavirus, experts said. The government has ordered a suspension of all modes of transport and shut down all shops and markets except for those selling daily ess...

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Urgent cash incentives needed to safeguard vulnerable groups

Economist have suggested providing immediate special cash incentives to those group of people most affected by the current coronavirus in order to overcome the worsening national and global crisis. The experts strongly recommend safeguarding the ‘vulnerable groups’ to keep the economy st...

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Huge impact on remittance feared

Coronavirus, that has already emerged as a global threat is likely to make a huge impact on the country’s remittance inflow in the country, experts said.They said, the deadly virus has spread to different countries of the world including the Middle East, China, Singapore, Malaysia, Italy, Cana...

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Stocks collapse from coronavirus scare

The country’s stocks have collapsed and witnessed a losing streak for most of the sessions in the current month following the coronavirus scare, experts said.As a result, worried investors continued their selling spree on sector-wise securities apprehending further dip in the market as investo...

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SMEs can contribute more to economy

Lack of adequate support both from the government and private sector is putting up a great barrier to the advancement of the country’s small and medium enterprises (SMEs) sector, a platform which can contribute more to economy. Experts said SMEs can contribute manifolds to the national economy...

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DSEX hits rock-bottom amid coronavirus scare

With the new DSE index decreasing by 279.32 points, the country’s stocks on Monday witnessed a record fall in history triggered by coronavirus scare after first three COVID-19 infected cases were reported on Sunday. Market analysts said, “It is the second highest decline in core index of...