A good number of banks in the US, Canada and many other countries around the world have temporarily shut their branches or scaled back their retail operations as part of their efforts to flatten the curve on coronavirus. Not just that, central banks around the world are coming up with rescue packages to help their economies tide over the coronavirus-induced slowdown. For instance, the Federal Reserve, the central bank of the US, has cut interest rate to essentially zero on March 15 and la
The finance ministry mulls providing a single depositor a maximum of Tk 2 lakh within six months of a bank's closure. Currently, a depositor is supposed to get maximum Tk 1 lakh under the deposit coverage. The ministry is considering the move amid criticism from different quarters as it initially did not widen the ceiling of insuring the deposits in the draft Deposit Protection Act, 2020, which will replace the existing Bank Deposit Insurance Act, 2000. As per the draft act, a deposito
Bangladesh has taken all necessary measures to prevent coronavirus from entering the country, Health Minister Zahid Maleque said yesterday. “The situation at present is nothing to panic about. Even if it [the virus] comes, we’re fully prepared,” he said at a seminar, organized by Bangladesh Medical Association, at the capital’s Segunbagicha. He also said a cabinet meeting earlier in the day decided that the government would not send any more chartered flights to China to bring home
Bangladesh's permanent representative to the United Nations Rabab Fatima has been unanimously elected the president of the Unicef Executive Board, the Foreign Ministry said on Wednesday. The elections were held at the UN Headquarters in New York. With this election, Bangladesh will be able to contribute further to the work of the United Nations, this time in providing strategic guidance to its agency specializing in children's causes, the Foreign Ministry said in a statement. It said the Perm
Three jobs switches and 5 years later, Rasul Ahmed rose to what he thought was the peak of his career as the head of human resources at a local conglomerate. But Rasul Ahmed, at the age of 27, felt overburdened and burned out from monotony. He quit this high-paying job in 2016. Now in 2020, he is living a happy life and earning a lot more as a freelancer. Getting to this point was anything but easy. He first heard about freelancing from his friends back in 2014, but did not take it seriously.
Ace Bangladesh all-rounder Sakib al Hasan on Wednesday was picked as the icon player of Rangpur Riders for the forthcoming seventh edition of Bangladesh Premier League, scheduled to start on December 6. Sakib, who played for the Dhaka Dynamites franchise for last three years, led Rangpur for one season in the third edition of BPL in 2015-16 and then captained Dhaka for the next three seasons. Sakib signed a Memorandum of Agreement with Rangpur on Wednesday and both the sides made the contr
Dengue has taken a turn for the worse in bangladesh since May 1 as a survey has found high presence of the vector of the disease, Aedes mosquito, in the capital. According to the Directorate General of Health Services, 258 people were hospitalised with dengue in bangladesh this year and two of them died but 148 of them were hospitalised in 33 days since May 1. Its director for communicable diseases taneya said that the situation was ‘alarming’. ‘The situation has not improved