Collection of important news, policy update and industry insights in relation to impact on SMEs/businesses in Bangladesh due to Covid-19 situation.
Govt continues LNG import at high prices to fulfil contracts
For the same reason, Bangladesh is paying almost three times the price for LNG, than its current international value
The Business Standard | Bangladesh / Industry Impact
Biman seeks Tk1,500 crore loan under stimulus package
The national carrier has made the loan proposal to bear its operational costs for three months from April to June amid a severe liquidity crisis
The Business Standard | Bangladesh / Industry Impact
AIIB approves $170 million loan to improve BD’s sanitation infrastructure
The Asian Infrastructure Investment Bank, or AIIB, has approved a $170 million loan to Bangladesh to accelerate the country’s efforts to deliver improved sanitation services to underserved communities.
The Financial Express | Bangladesh / Economy
Gold prices today fall, down ₹1,800 per 10 gram in just 2 days
Gold prices in India have seen a big fall after hitting a record high last week. Silver rates however edged higher.
Live Mint | Asia / Economy
Japan to boost stimulus to $1.1 trillion due to cash payouts to ease virus pain: Draft
The upsized package will total 117.1 trillion yen ($1.086 trillion), with fiscal measures accounting for 48.4 trillion yen, of which around 25.6 trillion yen will be funded by an extra budget for the fiscal year that began on April 1, the draft showed.
The Economic Times | Asia / Tackling Impact
China's fiscal revenue plunges 26.1% as virus ravages economy
China's fiscal revenue tumbled 26.1% in March from a year earlier, officials said on Monday, extending the previous month's slump as the coronavirus pandemic ravaged the economy.
The Economic Times | Asia / Economy
'Bears are out for blood': Oil plunges 21% to a 2-decade low as coronavirus shatters demand
The price of oil dropped as low as just $14.30 per barrel on Monday to reach its lowest level in 21-years, pushed downwards by a slump in demand as the coronavirus pandemic economic shutdown lessens the need for fuels.
Business Insider | Global / Industry Impact
China’s Alibaba to invest $28.2 billion in cloud infrastructure as it battles Amazon, Microsoft
The money will be used to invest in technologies related to operating systems, servers, chips and networks. Alibaba is the biggest cloud computing provider by market share in China but it trails U.S. giants Amazon and Microsoft globally.
CNBC | Global / Business
Green energy could drive Covid-19 recovery with $100tn boost
Speeding up investment could deliver huge gains to global GDP by 2050 while tackling climate emergency, says report
The Guardian | Global / Environment
Case Update
| Region | Confirmed Cases | Confirmed Death |
| Bangladesh | 2,948 (+492) | 101 (+10) |
| World Wide | 2,423,470 | 166,041 |
