Bold, timely, focused
Bangladesh’s business community and economists yesterday showered praise on Prime Minister Sheikh Hasina after she unveiled a Tk 72,750 crore package in a surprise move to tackle the fallouts of the deadly coronavirus, calling the fund bold, time-befitting and focused.
Latest
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Stimulus comes at the right time
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All shops in 12 cities, district towns to be closed early; pharmacies out of purview
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Package to improve economic situation faster
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BEPZA announces closure of factories under 8 EPZs till April 14
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AIIB approves $404mn loan to improve Bangladesh cross-border connectivity
Mobilising liquidity top priority
From the very beginning, the central bank has given top priority to mobilising adequate liquidity for the financial sector if the pandemic hits Bangladesh’s economy and the crisis prolongs. In order to ensure a smooth supply of this liquidity to the various sectors and sub-sectors of the economy, Bangladesh Bank has expanded the size of some refinancing schemes.
It’s a good package, but its delivery holds the key
This is a good package committing 2.5 percent of GDP to keep businesses in industry and services afloat with a particular focus on protecting employment and labour income.
Concentrate more on keeping food prices low
Keeping food prices low should be seen as a strategic objective of the National Board of Revenue (NBR) during the preparation of the next national budget, the Centre for Policy Dialogue (CPD) suggested in its budget proposal.
Bangladesh’s chance to prove it has gone digital: Robi CEO
People who even a few months ago had little interest in digital services are now increasingly availing those for movements being limited to their homes, said Mahtab Uddin Ahmed, managing director and chief executive officer of Robi.
MORE BIZ NEWS
Bank Asia
Private banks donated Tk 163 crore for the Prime Minister's Relief Fund, at a programme at Gono Bhaban in Dhaka on Friday. Bank Asia Chairman A Rouf Chowdhury are seen handing over the funds to Prime Minister Sheikh Hasina, Photo: Bank
Exim Bank
Exim Bank Chairman Md Nazrul Islam Mazumder are seen handing over the funds to Prime Minister Sheikh Hasina. Photo: Bank
Islami Bank
Islami Bank Bangladesh Chairman Arastoo Khan are seen handing over the funds to Prime Minister Sheikh Hasina. Photo: Bank
Jamuna Bank
Jamuna Bank Chairman Md Ismail Hossain Siraji are seen handing over the funds to Prime Minister Sheikh Hasina. Photo: Bank
Prime Bank
Prime Bank's Executive Committee Chairman Quazi Sirazul Islam are seen handing over the funds to Prime Minister Sheikh Hasina. Photo: Bank
Pubali Bank
Pubali Bank Chairman Habibur Rahman are seen handing over the funds to Prime Minister Sheikh Hasina. Photo: Bank
ADB president visits Viyellatex factory
Takehiko Nakao, president of Asian Development Bank, and Manmohan Parkash, country director, visit a factory of apparel maker Viyellatex Group at Gazipur yesterday. Ahsan Kabir, vice chairman of Viyellatex Group, was present.
visitors take a look at jewellery
visitors take a look at jewellery from Thailand and India being offered at 10 percent discounts at a stall of Dhaka International Trade Fair in the capital yesterday. Photo: Star
vision electronics
Refrigerators along with over 300 products of Vision Electronics are being offered with cashbacks and gifts such as trips to Russia centring the upcoming FIFA World Cup, jerseys, t-shirts and footballs. Photo: Star
Private banks stand by flood-hit people
Prime Minister Sheikh Hasina speaks at a programme at the Prime Minister's Office in Dhaka yesterday, when private banks donated funds for the people affected by the recent flood across the country. Thirty nine banks gave Tk 85 crore as part of their corporate social responsibility activities, at the event organised by Bangladesh Association of Banks. Photo: PID
Private banks stand by flood-hit people
Prime Minister Sheikh Hasina speaks at a programme at the Prime Minister's Office in Dhaka yesterday, when private banks donated funds for the people affected by the recent flood across the country. Thirty nine banks gave Tk 85 crore as part of their corporate social responsibility activities, at the event organised by Bangladesh Association of Banks. Photo: PID
Private banks stand by flood-hit people
Prime Minister Sheikh Hasina speaks at a programme at the Prime Minister's Office in Dhaka yesterday, when private banks donated funds for the people affected by the recent flood across the country. Thirty nine banks gave Tk 85 crore as part of their corporate social responsibility activities, at the event organised by Bangladesh Association of Banks. Photo: PID
Private banks stand by flood-hit people
Prime Minister Sheikh Hasina speaks at a programme at the Prime Minister's Office in Dhaka yesterday, when private banks donated funds for the people affected by the recent flood across the country. Thirty nine banks gave Tk 85 crore as part of their corporate social responsibility activities, at the event organised by Bangladesh Association of Banks. Photo: PID
Private banks stand by flood-hit people
Prime Minister Sheikh Hasina speaks at a programme at the Prime Minister's Office in Dhaka yesterday, when private banks donated funds for the people affected by the recent flood across the country. Thirty nine banks gave Tk 85 crore as part of their corporate social responsibility activities, at the event organised by Bangladesh Association of Banks. Photo: PID
Private banks stand by flood-hit people
Prime Minister Sheikh Hasina speaks at a programme at the Prime Minister's Office in Dhaka yesterday, when private banks donated funds for the people affected by the recent flood across the country. Thirty nine banks gave Tk 85 crore as part of their corporate social responsibility activities, at the event organised by Bangladesh Association of Banks. Photo: PID
Private banks stand by flood-hit people
Prime Minister Sheikh Hasina speaks at a programme at the Prime Minister's Office in Dhaka yesterday, when private banks donated funds for the people affected by the recent flood across the country. Thirty nine banks gave Tk 85 crore as part of their corporate social responsibility activities, at the event organised by Bangladesh Association of Banks. Photo: PID
Private banks stand by flood-hit people
Prime Minister Sheikh Hasina speaks at a programme at the Prime Minister's Office in Dhaka yesterday, when private banks donated funds for the people affected by the recent flood across the country. Thirty nine banks gave Tk 85 crore as part of their corporate social responsibility activities, at the event organised by Bangladesh Association of Banks. Photo: PID
Private banks stand by flood-hit people
Prime Minister Sheikh Hasina speaks at a programme at the Prime Minister's Office in Dhaka yesterday, when private banks donated funds for the people affected by the recent flood across the country. Thirty nine banks gave Tk 85 crore as part of their corporate social responsibility activities, at the event organised by Bangladesh Association of Banks. Photo: PID
