Collection of important news, policy update and industry insights in relation to impact on SMEs/businesses in Bangladesh due to Covid-19 situation.
How Bangladesh’s leaders should respond to the economic threats of COVID-19
In early February, the government evacuated close to 300 Bangladeshi citizens from China. The government also installed screening devices across its international airports and land-ports, which have so far screened more than 650,000 passengers, of which 37,000 were immediately quarantined.
World Economic Forum | Bangladesh / Economy
ADB triples rescue package to $20 billion for developing members to fight coronavirus
It previously announced an initial $6.5 billion in financial support to developing countries in the region for their immediate responses to contain the spread of the new coronavirus
The Business Standard | Global / Economy
Mobile banking services disrupted amid shutdown, clients suffer
The ongoing countrywide shutdown is hurting both mobile financial services providers and the receivers as the providers do not have electronic money or e-money that the distributors provide at retail outlets.
The Business Standard | Bangladesh / Industry Impact
COVID-19 Pandemic: How Can Bangladeshi Startups Weather The Storm?
In the coming years, Bangladesh’s startup ecosystem which was set to finally come of age, will face a major setback.
LightCastle Partners | Bangladesh / Economy
‘Cash support for the marginalised people necessary now’
Eminent economist Prof Mustafizur Rahman advocated for extending the social safety net programme in the form of cash support to help the marginalised group of people to face the crises created due to coronavirus pandemic.
The Financial Express | Bangladesh / Economy
Gold prices today surge ₹1,000 per 10 gram, hit record high
Gold prices in India hit a record high in futures markets today amid higher global rates though physical buying remained suspended in domestic markets due to the 21-day lockdown.
Live Mint | India / Economy
Covid-19 outbreak ‘could kill 10m Thai jobs’
Thailand's job losses may reach 10 million if the coronavirus outbreak continues for a few months, a business advisory council said on Monday.
Bangkok Post | Thailand / Economy
OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic
Measures to slow the spread of the coronavirus have destroyed demand for fuel and driven down oil prices, straining budgets of oil producers and hammering the U.S. shale industry, which is more vulnerable to low prices due to its higher costs.
Reuter | Global / Economy
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