Weavers of clothing items such as sari and panjabi may witness their sales nosedive in the upcoming Eid-ul-Fitr after most of their items aimed at Pahela Baishakh have remained unsold because of a surge in coronavirus infections and subsequent strict lockdown measures.

Nihad Kabir, president of the Metropolitan Chamber of Commerce and Industry, said: “If we want to bring FDI, we have to cooperate with the Bida and the country’s businessmen. That way, both sides will be able to identify weaknesses to attract FDIs.”

Automating the tax administration could have accelerated revenue collection while enabling work from home amidst the pandemic, averting many losses, including of opportunities, admitted a top official of the National Board of Revenue (NBR) yesterday.

36 districts, mostly Boro growers in haor areas, were affected in the recent nor’wester and the heatwave that swept over the country on April 4.

Edible oil prices witnessed a fresh spike over the last few days in line with rising international prices and supply rationing by processors and wholesalers, a development that will affect fixed and low-income earners.

The Bangladesh Securities and Exchange Commission (BSEC) has taken many steps in the past decade to safeguard the index from falls, albeit without considering the long-term impacts.

Small and medium poultry farmers, who have been struggling to recover from last year’s Covid-induced economic shock, are facing fresh troubles due to the ongoing lockdown.

Indonesia’s exports surged in March due to higher commodity prices and rebounding global demand, while imports also grew by more than expected last month as domestic manufacturing activity improved, statistics bureau data showed on Thursday.

An ongoing shortage of crucial semiconductors is the only factor weighing on a global recovery of the car sector from the coronavirus crisis, Herbert Diess, chief executive of Volkswagen AG, said on Thursday.

Bangladesh Bank yesterday extended the deadline for private and public entities to pay for virtual meeting services, according to a central bank circular.

Bangladesh Bank yesterday asked banks to draw up country risk management guidelines focusing foreign nations, all aimed at absorbing unexpected economic shocks stemming from abroad.

Coming home on a leave from his Saudi Arabian workplace, Saiful Islam of Tangail could not return for lockdowns imposed for the coronavirus outbreak.

The Bangladesh Securities and Exchange Commission (BSEC) yesterday gave go-ahead to Nialco Alloys to go public.

Over the years, awareness about insurance has grown and its demand has accelerated as many people look for financial protection for the long term.

Bank clients are going through serious troubles as the country’s two major digital means for moving funds, inter-bank cheque transactions and electronic fund transfers (EFT), have been inoperable since April 13.

Garment factories operated in full swing on the second day of the lockdown yesterday although many workers found it difficult to reach their workplaces because of the non-availability of public transport.

More than 41 per cent of small businesses run by women entrepreneurs were forced to shut their operations completely because of the coronavirus pandemic, according to a study by the Centre for Policy Dialogue (CPD).

European economies need “an extra push” of financial support this year and next to overcome the long-term impacts of the Covid-19 crisis, a senior IMF official said on Wednesday.

US retail sales rebounded more than expected in March as Americans received additional pandemic relief checks from the government and increased COVID-19 vaccinations allowed broader economic re-engagement, cementing expectations for robust growth in the first quarter.

American businesses are feeling more optimistic as vaccinations against Covid-19 become common, and economic activity accelerated moderately in recent weeks, the Federal Reserve said on Wednesday in its survey of business conditions.