Oil, equities hit by fears over economic impact of deadly virus By AFP | Last Updated: 27th January, 2020, 17:44

The outbreak of the coronavirus has led China to lock down the epicentre of the disease Wuhan — a city of 11 million people — while imposing tight travel restrictions on a number of other cities including Beijing

Oil, equities hit by fears over economic impact of deadly virus

Industries Minister calls on Thai entrepreneurs to invest in Bangladesh Industries Minister calls on Thai entrepreneurs to invest in BD

He makes the call Saturday while visiting Thai Beverage, better known as ThaiBev, Thailand's largest and one of Southeast Asia's largest beverage companies


Kamal foresees milestone in remittance growth Kamal foresees milestone in remittance growth

The finance minister said the growth for opening import LCs decreased by 4.73 percent


12 more skill providers to get NSDA registration on Sunday 12 more skill providers to get NSDA registration on Sunday

Principal Secretary to the Prime Minister Dr Ahmad Kaikaus will present on the occasion as the chief guest at the NSDA headquarters 


Govt to set up 16 power plants having 19,100MW capacity Govt to set up 16 power plants having 19,100MW capacity

Currently, the country’s power generation capacity reaches 22,787 MW while private sector installed power plants


Bangladesh gets $ 153.13 billion remittance in decade: Imran Bangladesh gets $ 153.13 billion remittance in decade: Imran

A total of 66 lakh 33 thousand 254 trained workers got employments abroad in the last one decade


Bankers welcome govt move to keep state funds in private banks Bankers welcome govt move to keep state funds in private banks

As per the notification, Tk1094.19 billion, 50% of the total Tk2188.39 billion surplus funds, belonging to different state-owned autonomous organisations


IMF downgrade of growth outlook ups pressure on India’s Modi IMF downgrade of growth outlook ups pressure on India’s Modi

 A decision by the International Monetary Fund to downgrade its economic growth forecast for India is adding to pressure


Uber sells its India food delivery business to Zomato Uber sells its India food delivery business

All Uber Eats customers in India will now be redirected to Zomato


BB raises target for public sector credit growth BB raises target for public sector credit growth

The revision in the monetary policy came amid rising government borrowing from the banking system due to a sluggish trend in revenue collection


Govt permits state-run entities to deposit 50pc funds in private banks Govt permits state-run entities to deposit 50pc funds in private banks

The government has allowed the autonomous, semi-autonomous and state-owned entities to deposit up to 50 percent


China-US trade deal to reduce global uncertainty: IMF chief China-US trade deal to reduce global uncertainty: IMF chief

The multilateral lender expects the trade deal to support the growth of China's gross domestic product (GDP)


China's economic growth hits three-decade low China's economic growth hits three-decade low

Official figures show that the world's second largest economy expanded by 6.1% in 2019 from the year before - the worst figure in 29 years


Bangladesh receives $957m remittance in 15 days Bangladesh receives $957m remittance in 15 days

The country received around $843 million remittances during the first 15 days of the last month in the fiscal


German economy sees weakest growth since 2013 German economy sees weakest growth since 2013

Germany is a big exporter the third largest after two much larger economies, the US and China


US, China set to sign vital trade truce US, China set to sign vital trade truce

US and Chinese officials say the agreement includes protections for intellectual property, and addresses financial services and foreign exchange


Kosovo keen to boost trade, investment with Bangladesh Kosovo keen to boost trade, investment with Bangladesh

 Kosovo placed proposal to sign agreement with Bangladesh to boost up bilateral trade and investment


US reverses China 'currency manipulator' label US reverses China 'currency manipulator' label

US President Donald Trump has repeatedly accused China of allowing the value of the yuan to fall, making Chinese goods cheaper


Electricity production at Payra power plant begins  Electricity production at Payra power plant begins

The Dhaka-Beijing joint venture initiative started its work in 2016 to construct a 1320MW thermal power plant at a cost of about $2 billion


South Korean RMG Co to invest $5.23m in CEPZ South Korean RMG Co to invest $5.23m in CEPZ

An agreement to this effect signed between the Bangladesh Export Processing Zones Authority


US, China reach agreement to resume economic talks US, China reach agreement to resume economic talks

These discussions had been conducted in previous administrations but had been halted by the Trump administration


US jobs growth slows in December US jobs growth slows in December

Hiring at retail and health care firms drove the gains, which pushed the US labour market to a 10th year of expansion


Bangladeshi products attract viewers in Germany trade show Bangladeshi products attract viewers in Germany

A total of 2,952 exhibitors from 65 countries and more than 70,000 visitors from across the world participated in Heimtextil


162MW power to be added to nat’l grid from next month 162MW power to be added to nat’l grid from next month

The fast-tracked 162MW Manikganj power plant is set to commence commercial operation from next month


World Bank warns on global growth World Bank warns on global growth

The world economy is likely to expand by 2.5 pc in 2020, up from 2.4% last year, the Bank's economists predict


Sonia Bashir to serve UN Technology Bank for another term Sonia Bashir to serve UN Technology Bank for another term

Sonia Bashir Kabir, currently the founder, chairman and CEO of SBK Tech Ventures, has been made Governing Council Member 


Dhaka shares list of 36 products with Bangkok for DFQF market access Dhaka shares list of 36 products with Bangkok for DFQF market access

Bangladesh has handed over a list of 36 products to Thailand seeking duty-free quota-free (DFQF) market access to Thailand


‘Made in Bangladesh’ Strategy on the cards ‘Made in Bangladesh’ Strategy on the cards

 ICT Secretary NM Zeaul Alam said in the journey towards implementation of Digital Bangladesh the government has created an ICT ecosystem to flourish the ICT sector


Samsung predicts smaller-than-expected drop in profit Samsung predicts smaller-than-expected drop in profit

Samsung, the world's biggest producer of smartphones and semiconductors, has suffered a sharp drop in profit over the past year 


Setting up 19.58 lakh pre-paid meters underway Setting up 19.58 lakh pre-paid meters underway

BPDB has undertaken an initiative to bring 19,58,325 consumers under smart pre-paid metering system in phases


Gold, oil prices retreat, shares rebound in Asian trading Gold, oil prices retreat, shares rebound in Asian trading

Shares advanced in Asia Tuesday following modest gains on Wall Street despite caution over rising tensions between the U.S. and Iran


Uber drivers in Portugal hold protests in Lisbon Uber drivers in Portugal hold protests in Lisbon

According to a petition created online on Thursday, "Uber reduced its cut to pay to the drivers in 10 percent" 


Manpower export awaits a big boost in 2020: Secy Manpower export awaits a big boost in 2020: Secy

As labour migration saw a fall in 2019, the government is planning to send more workers abroad in 2020


Govt launches $10m ERF programme to boost export Govt launches $10m ERF programme to boost export

This programme, a support scheme of the Export Competitiveness for Jobs (EC4J) project, funded by the World Bank and implemented by the Ministry of Commerce, was launched to boost the export


Top 20 borrowers responsible for half of total nonperforming loans Top 20 borrowers responsible for half of total NPLs

Around 40 banks are at risk due to the large volume of the nonperforming loans, Bangladesh Bank reports says 


Tesla aims to build 500,000 vehicles per year near Berlin Tesla aims to build 500,000 vehicles per year near Berlin

Tesla plans to build half a million electric vehicles a year at its future factory outside Berlin


Bangladesh economy to outshine Malaysia, Singapore, Hong Kong by 2024: Cebr Bangladesh economy to outshine Malaysia, Singapore, Hong Kong by 2024: Cebr

Bangladesh’s economy will further climb from the 40th place in the World Economic League Table in 2020


Oil price jumps on fear of Iranian retaliation against US Oil price jumps on fear of Iranian retaliation against US

The price of oil surged Friday as global investors were gripped with uncertainty over the potential repercussions


Stock market reforms to fail if rumours rule the roost: Minister Stock market reforms to fail if rumours rule the roost: Minister

Mustafa Kamal says they will not devaluate the currency here as the country received remarkable remittance only in the month of December for not devaluing the currency


Bangladesh to become 25th largest economy in 2034: CEBR Bangladesh to become 25th largest economy in 2034: CEBR

The population of Bangladesh has risen at a rate of just 1.0 percent per year since 2014. This has meant that per capita incomes have grown considerably in recent years

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