Collection of important news, policy update and industry insights in relation to impact on SMEs/businesses in Bangladesh due to Covid-19 situation.

Coronavirus: A visual guide to the economic impact

The coronavirus outbreak, which originated in China, has infected more than 550,000 people. Its spread has left businesses around the world counting costs. Here is a selection of maps and charts to help you understand the economic impact of the virus so far.

BBC News | Global / Economy

Oil prices rise on hopes of a price war truce

Global oil prices have risen after Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their price war.

BBC News | Global / Economy

Virus Lockdowns Drag Global Manufacturing Into a Slump

Factories around the world suffered one of their grimmest months on record in March, as the coronavirus led to mass shutdowns and wreaked havoc on supply chains.

Bloomberg | Global / Industry Impact

Five ways the coronavirus will affect the connectivity and tech industry in 2020

While these solutions are far-reaching, they all fall within the domain of smart cities, proving the space to be a worthwhile investment in a time of crisis.

Business Insider | Global / Industry Impact

Foreign central banks sold off more than $100 billion in US Treasuries as cash demand surged

Central banks around the world dumped US Treasuries through March as the coronavirus’ economic toll stifled liquidity and drove massive demand for dollars, Bloomberg first reported Wednesday.

Business Insider | Global / Economy

Apparel makers face further hardships as buyers demand discount

Most of the brands have said they will take additional 30-40 days to pay for the products already shipped

The Business Standard | Bangladesh / Industry Impact

Banks to remain open from April 5 to 9

Banks will remain open for three hours from 10:00am to 1:00pm during the nationwide shutdown enforced to contain the spread of coronavirus. But bankers have to stay at work till 3:00pm.

The Business Standard | Bangladesh / Business

Containers pile up at Chattogram port

The Chittagong Port Authority said around 92 percent of the container storage capacity of the country’s premier port is full

The Financial Express | Bangladesh / Business

Bangladesh rural economy reels from shutdown

All farm sub-sectors including livestock, fisheries and vegetable farming are now reeling from the coronavirus fallout, putting more than 47 lakh workers at risk of becoming jobless.

The Business Standard | Bangladesh / Economy

Bangladesh’s GDP growth to be less than 4%: EIU

Bangladesh’s economic growth will be less than 4 percent this year due to the impact of the coronavirus, according to a forecast of the Economist Intelligence Unit.

The Business Standard | Bangladesh / Economy

Brokerage firms want extension of instalment interval

Brokerage firms want an extension of the instalment interval for loans taken from the fund for affected small investors in the capital market. They want to repay the instalments at six-month intervals instead of three-month intervals.

The Business Standard | Bangladesh / Business

Case Update

As of April 2, 2020, 6:40PM BDT / Source:
Region Confirmed Cases Confirmed Death
Bangladesh 56 (+2)
World Wide 955,130 48,571
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