Dhaka May 20, 2025, 8:17 am
Bangladesh Bank (BB) has instructed the commercial banks to allow maximum 5 per cent letter of credit (LC) margin for baby food import on the basis of bank-client relationship to ensure sufficient supply of the essential item
The flights will be operated from Dubai to London, Frankfurt, Paris, Brussels, and Zurich with 4 flights a week to London, and 3 flights each to other destinations
Four countries have already sent demand letters to Bangladesh for sourcing high-quality PPE
Oil import has almost stopped and refiners are now observing the situation
The Chittagong Port Authority said around 92 percent of the container storage capacity of the country’s premier port is full
The Rooppur Nuclear Power Plant site is still hosting 11,000-12,000 workers daily including day labourers, office staff, local and foreign engineers
Not only did the suspension of all flights bring down revenues to zero, it also caused the national carrier to face a significant refund pressure for tickets
Sigh of relief for local suppliers
If the situation does not improve within a week, the loss will be Tk100 crore per day
The ombudsman also mentioned that it did not find any labour rights violations and maladministration in Bangladesh
All the wholesale markets across the country are to be kept open for smooth trading and supply of goods
Buyers have so far cancelled orders of readymade garment (RMG) products worth US$ 2.87 billion till Monday afternoon in the wake of coronavirus outbreak, according to BGMEA sources.
Bangladesh wants to increase its export earnings to $60 billion by 2021 from the present level of $40.53 billion in FY 2018-19
The latest order means all taxes have been waived from the burgeoning sectors
Currently, BGMEA is planning to make at least 20,000 PPEs to be donated
Several local factories start production
They face cancellation and holding of export orders worth $2.67 billion as of Thursday
50 vegetable laden trucks stuck in Reazuddin Bazar awaiting unloading
The services will remain suspended till April 04.
A clear guideline has to be drawn up now so that the money is properly channeled to the workers and not otherwise. Also which factories get the benefit has to be determined based on a well-thought-out matrix
