DHAKA: Bangladesh’s booming economy has been hit by the onslaught of COVID-19 pandemic and it now needs to rebound as early as possible, but that demands the immediate reopening of all related government offices and organisations, according to experts. Most such offices are still not

DHAKA: The Bangladesh Standards and Testing Institution (BSTI) imposed a ban on sale, distribution and advertising of 43 products of different brands, including Danish, Suresh, Promi and Pubali Salt. Besides, show-cause notices were also served in this regard, said a BSTI release on

Saudi Arabia is tripling its value added tax (VAT) as part of austerity measures to support its coronavirus-hit economy. The government in Riyadh also said it will suspend its cost of living allowance to shore up state finances. The oil-rich nation has seen its income plummet as the

DHAKA: Bashundhara City Shopping Mall authorities have decided not to reopen it from May 10 in an attempt to curb the spread of the new coronavirus. The decision was taken as per the instruction of Bashundhara Group Chairman Ahmed Akbar Sobhan. Confirming the news, Mohammad Abu

DHAKA: The Bangladesh Bank has again extended the banking hours for customers by 30 minutes to 2:30 pm. Customers will carry out bank transactions between 10:00 am and 2:30 pm from May 10, the central bank announced on Tuesday (May 5). The new timetable includes a 15-minute prayer

DHAKA: The government has given permission to open business establishments on a limited scale ahead of Eid-ul Fitr. The cabinet came up with the directive on Monday (May 4). According to the gazette notification, social distancing and other health rules have to be followed properly

The Economist, the leading source of analysis on international business and world affairs, has placed Bangladesh as the 9th strongest economy in its report on the financial strength of 66 emerging economies in the wake of the Covid-19 attack. The ranking examines the vulnerability of

Tesla's founder Elon Musk wiped $14bn off the carmaker's value after tweeting that its share price was too high. It also knocked $3bn off Mr Musk's own stake in Tesla as investors promptly bailed out of the company. "Tesla stock price too high imo," he said, one of

DHAKA: The government is reviewing the waiver of interest on bank loans to keep the country's disrupted industrial and commercial sector on track amid the coronavirus situation. After the announcement of the stimulus package for the industrial sector of the country, the government

DHAKA: The Netherlands has assured Bangladesh that the Dutch buyers will not cancel or suspend their orders from the Bangladeshi readymade garment factories.   Minister for Foreign Trade and Development Cooperation Sigrid Kaag conveyed it to Foreign Minister AK Abdul Momen and

HSBC has paused plans to cut 35,000 jobs, saying it does not want to leave staff unable to find work elsewhere during the coronavirus outbreak. The bank announced the cuts in February as part of a massive cost-cutting programme. But boss Noel Quinn said the "the vast majority" of

Some 373,000 property sales are on hold owing to the coronavirus lockdown, analysis of the housing market in UK cities suggests. The value of held sales totals a collective £82bn, researchers at property portal Zoopla have estimated. Agreed sales were running at a tenth of the

British Airways is set to cut up to 12,000 jobs from its 42,000-strong workforce due to a collapse in business because of the coronavirus pandemic. The airline's parent company, IAG, said it needed to impose a "restructuring and redundancy programme" until demand for air travel

DHAKA: As the need to step up relief efforts during the COVID-19 pandemic continues, Coca-Cola in Bangladesh has committed an initial support of TK 11.5 crores towards helping the healthcare system and communities through food package and distribution of beverages to combat the crisis and

DHAKA: For protection from contamination of Coronavirus, NRBC Bank Ltd. has taken a noble initiative of providing set of protective equipment for the doctors, nurses and healthcare professionals of the hospitals dedicated to treatment of Coronavirus (COVID-19) victims. As part of its

DHAKA: Bangladesh Standards and Testing Institution (BSTI) has imposed ban on selling, distributing, storing and advertising 17 products. Besides, show-cause notices were also served to the companies over their substandard items, said a BSTI release on Saturday (April 25). BSTI

DHAKA: The supermarkets, markets and shops of the country have been closed since March 25 in line with the government holiday in a bid to check the novel coronavirus (COVID-19) outbreak.    The small businessmen are being affected severely due to closure of their institutions.

The entrepreneurs and businessmen, who took loans from banks, are seeking exemption from payment of interest till December as COVID-19 has taken a heavy toll on investors as trade and economic activities have stalled during the global pandemic. If borrowers are not relieved of the

The price of US oil has turned negative for the first time in history. That means oil producers are paying buyers to take the commodity off their hands over fears that storage capacity could run out in May. Demand for oil has all but dried up as lockdowns across the world have kept

DHAKA: In this worldwide 'lockdown' situation enforced for preventing Covid-19, expatriate Bangladeshis are relying on online-to-wallet money transfer service to send remittance to their loved ones back home.  During this time of emergency, the expatriate Bangladeshis as well