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Govt raises working capital loan fund to Tk 400b

BSS Image: Collected The government has raised the amount of working capital loan for Covid-19 affected industries and service sectors under the Prime Minister’s announced Economic Stimulus Package to Taka 400 billion from Taka 330 billion. Initially, the loan package for such purpose was Taka 300 billion when it was first announced

Kamal urges IFC support for private sector

BSS Mustafa Kamal/Photo: Collected Finance Minister AHM Mustafa Kamal has urged the International Finance Corporation (IFC) to develop Bangladesh’s fixed income securities, especially the bond market, side by side providing more support to the private sector being affected by the COVID-19 pandemic. He also called upon the IFC to enrich the ‘Taka Bond’

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

PM calls for ensuring $100b to combat climate change

Prime Minister Sheikh Hasina on Wednesday called for ensuring 100 billion US dollars a year for developing countries to save them from climate change impacts as she placed a four-point proposal including “establishing climate justice” at a virtual “Climate Vulnerable Leaders’ Event”. She also informed that her government has decided to

Govt working to face pandemic, keep running country’s economy: PM

BSS Prime Minister Sheikh Hasina yesterday said her government has been tirelessly working to face the Covid-19 pandemic and keep running the country’s economy. “We have been trying our best to do everything to face the pandemic and keep running the country’s economy,” she said in an introductory speech at the

Kamal for coordinated global operations to overcome COVID-19 crisis

BSS Finance Minister AHM Mustafa Kamal has stressed the need for undertaking a well-coordinated global operations to face the COVID-19 crisis where the United Nations can play a pioneering role. In this tough journey, Kamal said the G-7, G-20, OECD and international financial institutions can also play their due role. The Finance

US unemployment rate drops to 8.4 percent but recovery slows

WASHINGTON, (AFP) The US economy added 1.4 million jobs in August and the unemployment rate fell to 8.4 percent as the country emerged from pandemic lockdowns, but the data shows the recovery is losing steam. The drop in the unemployment rate from 10.2 percent in July as reported by the Labor

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