Collection of important news, policy update and industry insights in relation to impact on SMEs/businesses in Bangladesh due to Covid-19 situation.
Shift in consumer behaviour silver lining for e-commerce firms
About 100 e-commerce businesses – mostly with product lines of essential commodities, groceries and medicine – are witnessing a jump in business
The Business Standard | Bangladesh / Industry Impact
Apparel industry requires joint efforts to overcome the Covid-19 impact: Experts
CPD organised the virtual discussion meeting marking the 7th anniversary of the Rana Plaza Tragedy
The Business Standard | Bangladesh / Industry Impact
Covid-19 impact: Taka falls 2% against dollar in two weeks
Interestingly, banks are showing the official rate at Tk84.95 a dollar, upon a verbal instruction from the central bank
The Business Standard | Bangladesh / Economy
Singapore sees sharper economic slump on global coronavirus spread
Singapore is bracing itself for a sharper economic contraction this year than an earlier forecast of a slump of as much as 4 per cent, as the coronavirus pandemic continues to spread globally and disrupts supply chains.
The Straits Times | Singapore / Economy
Hyundai sees limited China recovery and dismal virus-hit sales elsewhere this year
South Korea’s Hyundai Motor Co said on Thursday it expects only a modest recovery in Chinese auto demand and weak sales elsewhere this year after the coronavirus pandemic caused first-quarter vehicle sales to tumble 18%.
Reuters | South Korea / Business
World Bank: Global remittances to drop 20% amid coronavirus
Remittances sent home by migrants from low- and middle-income countries are expected to drop around 20 percent this year amid the global economic slowdown caused by the novel coronavirus. the World Bank said Wednesday.
Live Mint | Global / Economy
Record U.S. jobless claims wipe out post-Great Recession employment gains
A record 26 million Americans sought unemployment benefits over the last five weeks, confirming that all the jobs created during the longest employment boom in U.S. history were wiped out in about a month as the novel coronavirus savages the economy.
Street Insider | USA / Economy
Euro sinks to one-month low after PMIs lay bare coronavirus economic hit
The euro fell to its lowest in a month on Thursday after data showed economic activity in the euro zone virtually halted by government-imposed lockdowns to stop the coronavirus pandemic.
Reuters | UK / Economy
U.S. House to pass nearly $500 billion more in coronavirus relief
Hundreds of members of the U.S. House of Representatives will gather in Washington on Thursday to pass a $484 billion coronavirus relief bill, bringing the unprecedented total of funds approved for the crisis to nearly $3 trillion.
Reuters | USA / Fighting Impact
References
Case Update
| Region | Confirmed Cases | Confirmed Death |
| Bangladesh | 4,186 (+390) | 127 (+7) |
| World Wide | 2,658,794 | 185,441 |
