Collection of important news, policy update and industry insights in relation to impact on SMEs/businesses in Bangladesh due to Covid-19 situation.
Another $1.25b from ADB would be of great help
Bangladesh has sought an additional $1.25 billion from the Asian Development Bank (ADB) to ballast the country's purses in its fight against coronavirus and beyond.
The Daily Star | Bangladesh / Fighting Impact
Cooking gas demand drops by 40%
The demand for liquefied petroleum gas (LPG), a popular cooking fuel in urban areas, dropped by up to 40 percent within the past one month due to the ongoing countrywide shutdown imposed to combat the spread of the novel coronavirus.
The Business Standard | Bangladesh / Industry Impact
Govt rolls out Tk 1b in subsidy for farm machinery purchase
The Ministry of Agriculture issued an order on April 19, outlining that the farmers of Haor region can be given a subsidy of 70 per cent on the purchase of farm machinery while farmers in other regions will receive a 50 per cent subsidy.
The Financial Express | Bangladesh / Fighting Impact
Huawei’s growth evaporates after Covid-19 compounds US woes
Huawei reported a mere 1.4% gain in revenue to 182.2 billion yuan ($25.7 billion) in the period, down from 19% over all of 2019. Its net profit margin shrank to 7.3% from 8% a year earlier, the company told reporters.
Hindustan Times | Asia / Business
Turkish economy to shrink for first time in a decade this year: Reuters poll
The median forecast of some 40 economists was for a contraction of 1.4% in 2020, with drops in the second and third quarters of 8.6% and 5.3% respectively.
Reuters | Asia / Economy
Oil crash hits stocks, dollar gains as investors shun risk
Global stocks fell on Tuesday, a day after U.S. crude oil prices turned negative for the first time, as dismal company earnings reports underlined worries about economic damage from the coronavirus pandemic.
Reuters | Global / Market
Coronavirus crisis could double number of people suffering acute hunger - UN
Report from UN World Food Programme and others warns 265m people are facing acute risk
The Guardian | Global / Impact
Case Update
| Region | Confirmed Cases | Confirmed Death |
| Bangladesh | 3,382 (+434) | 110 (+9) |
| World Wide | 2,503,392 | 171,796 |
