Business
Global stocks rise after US Fed promises economic support
Global stock markets and U.S. futures surged Tuesday after the Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid package.
Coronavirus: Dettol conducting nationwide hygiene campaign
Dettol, one of the renowned brands of antiseptic soap in the market, is conducting a hygiene campaign throughout the country to raise awareness among retailers about coronavirus or Covid- 19.
Banks to remain open during holidays
Banks will remain open during the holidays declared by the government from March 26 to April 4 to facilitate the financial transaction for their clients.
According to a top official of Bangladesh Bank, banks will keep their operation on from 10am to 1:30pm during the government-declared 10-day holiday against the backdrop of coronavirus outbreak in the country.
He, however, said transaction can be made from 10am to 12 noon.
Meanwhile, the central bank in a circular on March 22 asked all commercial banks to keep adequate cash in their branches to ensure services to their clients during any lockdown.
It advised the bank managements to take help from the local administration to keep their services on during the holiday periods.
The government on Monday declared holidays from March 26 to April 4, aiming to prevent the transmission of deadly coronavirus.
Cabinet secretary Khandker Anwarul Islam announced the decision from a meeting at the secretariat.
Besides, the members of Armed Forces will remain in the field from Tuesday to help the civil admiration so that people maintain social distancing and suspects maintain quarantine.
He said the government has announced general holidays for five days from March 26 to April 2 while April 3 and 4 are weekly holidays.
However, kitchen markets, hospitals and pharmacies will remain open as usual, the Cabinet secretary said.
FBCCI lauds Bangladesh Bank’s liquidity measures
FBCCI President Sheikh Fazle Fahim on Monday termed a landmark step the central bank’s decision to buy Treasury bills and bonds from banks and non-bank financial institutions (NBFIs) to handle any liquidity crisis.
Fed to buy as much government debt as needed to aid economy
In its boldest effort to protect the U.S. economy from the coronavirus, the Federal Reserve says it will buy as much government debt as it deems necessary and will also begin lending to small and large businesses and local governments to help them weather the crisis.
Bangladesh economy under threat due to COVID-19: ICC,B
The International Chamber of Commerce, Bangladesh (ICC,B) has urged the policymakers to take the lead in bringing both public and private sector leadership together nothing that Bangladesh economy is under threat due to COVID-19.
Allow shipments, production to continue till July at least: BGMEA to brands
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the international community and brands to take in all their goods and allow shipments and production to continue till July at least.
Buyers cancelled $ 1.48 billion orders: BGMEA chief
President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Dr Rubana Huq has said buyers have so far cancelled orders worth US$ 1.48 billion following the outbreak of coronavirus.
Factories pivot to fight coronavirus, but challenges abound
Factories that crank out cars and trucks looking into making much-needed ventilators. Distilleries intended for whiskey and rum to instead turn out hand sanitizers and disinfectants. And an electronics maker that builds display screens repurposed for surgical masks.
UK supermarkets to recruit tens of thousands workers amid COVID-19 pandemic
Major supermarkets plan to create tens of thousands of extra jobs across Britain to help keep shops open and stocked during the novel coronavirus pandemic.