Economy

Trade through Bhomra port resumes as lockdown lifted

Shawdesh Desk: After two months and 8 days, trade between India and Bangladesh resumed through Bhomra land port of Satkhira from Tuesday. Import and export activities through this port were

US targets Huawei with tighter chip export rules

The US has announced new export controls aimed at limiting Chinese technology giant Huawei’s access to semiconductor technology, BBC reported. The new rule bars semiconductor-makers that use US technology and

Stimulus Package: Coordination a must for quick implementation

Implementation of the government’s COVID-19 stimulus package of around Tk 1000 billion to protect small, medium and large scale industries as well as agriculture sector is slow due to lack

Economy to lose $2.7b from construction sector in Q2

The unprecedented disruption caused by the corona outbreak will cause a loss of $2.75 billion for Bangladesh’s economy during the April-June quarter due to loss of employment and wages, investment

Economists rely on foreign currency reserve to offset COVID-19 impact

Leading economists have said they believed a sound foreign currency reserve and debt ratio to GDP alongside debt repayment capability to largely help Bangladesh offset COVID-19 impacts on its economy

BGMEA seeks transport support from BRTC for bringing workers

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Thursday sought transport support from BRTC for bringing its workers so that they can come to their respective factories for collecting

98 workers held who fled EPZs, sent to home quarantine

Ten microbuses full of workers of different Export Processing Zones (EPZ) factories who fled in fear of coronavirus infection, were held while entering Khagrachhari early Friday. Officer-in-charge of Khagrachhari Police

Orders worth $3 billion cancelled so far: BGMEA

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Thursday said buyers have so far cancelled orders worth US$ 3 billion following the outbreak of coronavirus. About 1,092 factories reported that