Rising virus rates threaten UK economy By Sun Online Desk | Last Updated: 19th September, 2020, 15:34

The UK is still in a deep recession, while Covid-19 infections are at their highest level since mid May

Rising virus rates threaten economy, warns Bank of England

Informal sector revives gradually Informal sector revives gradually

Economic analysts and experts said though the informal sector workers are getting back to work, their income is yet to reach the previous level


Govt to pay Tk2256.7 bln as loan interest in three fiscals Govt to pay Tk2256.7 bln as loan interest in three fiscals

Of the amount, Tk 638 billion will be paid in 2020-21, Tk 748.9 billion in 2021-22 and Tk 869.8 billion in 2022-23


COVID-19 test fee payment available through Nagad COVID-19 test fee payment available through Nagad

Nagad and health and family welfare ministry jointly are providing the services to discourage people using printed money for contactless transaction


Bangladesh Bank asks banks to keep LC margin on onion import within 9pc BB asks banks to keep LC margin on onion import within 9pc

The instruction would be effective until December 31 this year


Jute exports rise despite corona Jute exports rise despite corona

The jute sector has become the second-highest export earner after the readymade garment sector in FY20


Stocks witness marginal gain Stocks witness marginal gain

 DSEX, the key index of the DSE, went up by 16.26 points


Bangladesh has more US investment scope in energy sector : Nasrul Hamid Bangladesh has more US investment scope in energy sector : Nasrul Hamid

A number of US companies including Chevron, Accelerate Energy, Exxon Mobil Corporation, Halliburton and General Electric Company or GE are already working


Purchase Committee approves 2 power sector proposals Purchase Committee approves 2 power sector proposals

The approval came from the 22nd CCGP meeting in the current year held virtually with Finance Minister AHM Mustafa Kamal


Asia sees first regional recession in 60 years Asia sees first regional recession in 60 years

The bank's Asian Development Outlook Update shows about three-quarters of the region's economies are forecast to slump this year


Payra power plant’s 2nd unit expected to open in Oct Payra power plant’s 2nd unit expected to open in Oct

“We are expecting that Honourable Prime Minister Sheikh Hasina will inaugurate the 660 MW second unit of Payra power plant in the first week of October”


Bangladesh GDP to grow by 6.8pc in FY21 Bangladesh GDP to grow by 6.8pc in FY21

Propelled by a gradual recovery from the impact of the Covid-19 pandemic, says ADB


Tk 290bn loans stuck in 13 public entities    Tk 290bn loans stuck in 13 public entities

BB seeks finance ministry’s help in loan recovery


Give up LNG, go for coal Give up LNG, go for coal

Says CPD about power generation plan


No manual customs duty No manual customs duty

E-payment system mandatory from Jan 2022


Minister Hi-Tech Park Minister Hi-Tech Park

A local firm’s global ambition becoming a reality


UK economy continues recovery in July UK economy continues recovery in July

It is the third month in a row that the economy has expanded


Work on 5-star Marriott Hotel and Amusement Park begins at Nilgiri Work on 5-star hotel, amusement park begins

The project aims at making the best tourist attractions in Bangladesh


Banks’ CSR spending doubles Banks’ CSR spending doubles

In the first half of this year compared to same time last year


Nasrul stresses energy-efficient appliances Nasrul stresses energy-efficient appliances

He was addressing inauguration of smart pre-paid meters


Remittance inflow hits record in 10 yrs Remittance inflow hits record in 10 yrs

Bangladesh nullifies WB prediction by receiving record remittance during pandemic period


A new way to cultivate the humble bottle gourd proves a boon A new way to cultivate the humble bottle gourd proves a boon

The farmers have claimed that their bottle gourd plants  were partially damaged due to incessant rainfall this year but they can recover the losses by their production


US budget deficit soars to $3tn record US budget deficit soars to $3tn record

The federal government spends more than $6tn in the first 11 months of its financial year, including $2tn on coronavirus programmes


Citi names Jane Fraser new chief in Wall Street first First woman appointed boss of a Wall Street bank

Scotland-born Ms Fraser has worked at Citi for 16 years, serving in her current role since 2019


Asia Pacific share in global GDP rises to 34.9pc Asia Pacific share in global GDP rises to 34.9pc

Suggests latest data of Asian Development Bank


ADB to provide $50m ADB to provide $50m

To implement PPP infra projects


Country on right dev track: Mannan Country on right dev track: Mannan

Per capita income to reach near $12,500 by 2041


ADB launches annual statistical report ADB launches annual statistical report

The Asian Development Bank (ADB) launched on Thursday the latest edition of its annual statistical report for the region


ASEAN work together for post-Covid-19 economic recovery

ASEAN work together for post-Covid-19 economic recovery

The meeting focused on the topic “The Role of Parliaments in Promoting ASEAN Cohesiveness and Economic Recovery post-COVID-19”


Uber pledges all-electric fleet by 2040 Uber pledges all-electric fleet by 2040

The ride-hailing firm says the move was part of its "responsibility" to tackle the challenge of climate change


Limited ATM Booth operation may continue Limited ATM Booth operation may continue

Most of the banks are keeping their ATM (automated teller machine) Booth operation suspended for 6-8 hours at night


Coronavirus: Up to £3.5bn furlough claims fraudulent or paid in error – HMRC Up to £3.5bn of furlough payments 'errors or fraud'

Latest data shows the programme has cost the government £35.4bn so far


Timely steps helping economic recovery: FBCCI president

Timely steps helping economic recovery: FBCCI president

The initiatives like increasing money circulation and liquidity in the banks, ensuring access to capital for CRR 


‘India's GDP contraction should alarm everyone’ ‘India's GDP contraction should alarm everyone’

India faces dwindling policy options after record GDP slump


TCB to start onion selling soon TCB to start onion selling soon

The activities will be continued until new stocks of onion come at the market


Global firms mapping supply chains Global firms mapping supply chains

To address future crises


Stocks start week on positive note Stocks start week on positive note

DSEX, the key index of the DSE, surged by 20.74 points


Exports soar to $6.8bn in July-Aug

Exports soar to $6.8bn in July-Aug

Exporters and sector insiders attributed the return of cancelled export orders from global buyers as the key factor behind the rise in export income


RMG sector turns around RMG sector turns around

Export hiked by around 47pc in last two months each


Matarbari power plant expected to be ready for operation in 2023 Matarbari power plant expected to be ready for operation in 2023

Some 30 percent construction work on the 1200MW Matarbari coal-fired power plant was completed as of July last

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