BSS Photo: Collected The COVID-19 crisis has hit the garment sector in the Asia- Pacific region hard, with plummeting retail sales in key export markets affecting workers and enterprises throughout supply chains, according to a new research from the International Labour Organization (ILO). The supply chain ripple effect: How COVID-19 is affecting
Economy
Bangladesh Govt and WB sign $202m financing agreement for food storage facilities
Photo: Collected The Government and the World Bank yesterday signed a financing agreement under which the lending agency will provide $202 million additional financing for the “Modern Food Storage Facilities” project, reports BSS. The Economic Relations Division (ERD) Secretary Ms Fatima Yasmin and the World Bank Country Director for Bangladesh Mercy
First nine months of 2020: Recovering topline as economic activity resumes
Grameenphone Ltd. reported total revenues of BDT 35.6 billion for the third quarter of 2020, registering an 2.8% de-growth from the same period last year. Net profit after taxes (NPAT) for the third quarter was BDT 8.9 billion, with 25.0% margin. Earnings per share (EPS) for the period stood at BDT 6.59. The operator ended
Biden sets fundraising record with $383 mn in September
WASHINGTON (AFP) (AP Photo/Patrick Semansky) Joe Biden smashed his own monthly fundraising record by taking in $383 million in September for his presidential campaign, thanks mainly to a flood of donations after his first debate with President Donald Trump. Trump lagged far behind last month with $248 million. Besides the debate, a
BB asks MFS cos to inform clients about product charges
Photo: Collected Bangladesh Bank (BB) has instructed all mobile financial service (MFS) providers to inform their customers about type and charges of the products in details to ensure transparency of their services. “MFS companies should prepare ‘frequently asked questions’ and schedule of charges of their services, to be featured on both
World Bank approves 12b USD for corona vaccines
Image: Collected The Board of Executive Directors of World Bank has approved $12 billion for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests, and treatments for their citizens. The financing, which aims to support vaccination of up to a billion people, is part of an
Brac Bank wins award for the Financial Alliance for Women
Solvent people should pay income tax for country’s development: NBR chairman
Senior Secretary of Internal Resources Division (IRD) and Chairman of National Board of Revenue (NBR) Abu Hena Md. Rahmatul Muneem on Saturday afternoon said every solvent person should pay income tax willingly for the development of the country. He was addressed as the chief guest while exchanging views with the officials
Trump says ‘really good chance’ of US stimulus deal
WASHINGTON (AFP) President Donald Trump said recently he now sees “really good” odds of reaching a deal with Democrats in Congress on a new round of coronavirus stimulus to boost the battered US economy, a sharp reversal from his stance earlier this week. His comments marked a definitive about-face after he
Momen seeks Thai investment in Special Economic Zones
BSS Foreign Minister Dr AK Abdul Momen yesterday sought Thai investment in the Special Economic Zones in Bangladesh where state of the art facilities and one stop services (OSS) are provided. The foreign minister made the urge as the outgoing ambassador of Thailand to Bangladesh Arunrung Phothong Humphreys paid a farewell call on