Local-Business
BGMEA thanks PM for stimulus package
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Wednesday thanked Prime Minister Sheikh Hasina for announcing stimulus package of Tk 5,000 crore for the export-oriented industry to overcome the impact of coronavirus.
Govt urged to bring together global allies, partners to protect people, economy
Dhaka Chamber of Commerce and Industry (DCCI) has urged the government to bring together its global allies and partners in a coordinated endeavour in a bid to protect the people and economy from the adverse impact of coronavirus.
Edotco appoints new country managing director
Group Sdn Bhd (“edotco”), an integrated telecommunications infrastructure services provider, announced the appointment of Ricky Steyn as the new Country Managing Director of edotco Bangladesh.
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.
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.
BB relaxes loan repayment method for coronavirus
Bangladesh Bank has relaxed the loan repayment system considering the impact of coronavirus on trade and business.
Islami Bank inaugurates sub-branch at Malibag of Dhaka
Islami Bank Bangladesh Limited inaugurated a sub-branch at DIT road in Malibag Chowdhurypara area in the capital on Sunday.
Robi brings cloud-based SME solution ‘Amar Hishab’
Robi, a digital services provider has recently introduced ‘Robi Amar Hishab’, a cloud-based solution for Small and Medium Enterprises (SMEs).