Business
European tourism needs €375 bln to recover: ETC
The European tourism sector will need €375 billion to recover from the situation created by the coronavirus crisis, said the European Travel Commission (ETC), a European tourism organisation.
Mideast economies take massive hit with oil price crash
Iraq is planning painful cuts in social benefits relied on by millions of government workers. Saudi Arabia will likely have to delay mega-projects. Egypt and Lebanon face a blow as their workers in the Gulf send back less of the much-needed dollars that help keep their fragile economies afloat.
Asian markets gain after Japan central bank boosts aid
Asian stock markets gained Monday after Japan's central bank promised more asset purchases to shore up financial markets and more governments prepared to revive struggling economies by reopening businesses.
Wall Street ends manic week with a gain, led by tech stocks
In a manic week full of previously unthinkable market moves, Wall Street ended Friday with one reminiscent of what things were like before the coronavirus outbreak upended everything.
Japan's Mitsubishi Motors predicts losses over pandemic
Japanese automaker Mitsubishi Motors Corp. said Friday it expects 26 billion yen ($240 million) in losses for the fiscal year through next March, as sales plunge because of the coronavirus pandemic.
New timetable set for Karwan Bazar Wholesale Market
A new timetable has been set for Karwan Bazar Wholesale Market for buying and selling essential commodities as part of measures to control the spread of coronavirus.
Banking hours in commercial areas extended
All the banks in commercial areas of Motijheel and Dilkhusha in Dhaka and Khatunganj and Agrabad in Chattogram will operate transaction from 10 am to 2pm from Sunday next to facilitate export-import business.
Covid-19: Business leaders urged to come forward with innovative ideas
Indian High Commission in Bangladesh in collaboration with India-Bangladesh Chamber of Commerce and Industry (IBCCI) jointly organised a webinar on Thursday and discussed challenges and possible ways to facilitate bilateral trade and business between Bangladesh and India amidst the Covid-19 scenario.
Public banks may be utilised for disbursing stimulus funds to MSMEs: DCCI
Dhaka Chamber of Commerce and Industry (DCCI) has proposed utilising state-owned commercial banks (SOBs) to disburse stimulus funds particularly for micro, small and medium enterprises (MSMEs).
Grameenphone holds first virtual AGM
The 23rd annual general meeting (AGM) of mobile phone operator Grameenphone was successfully held on Tuesday by using the digital platform.
It arranged the virtual meeting this year in compliance with the directives set by Bangladesh Securities and Exchange Commission and considering the health and safety of all shareholders, staff and others during the ongoing COVID-19 situation.