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The Financial Express

OPEC, allies plan biggest ever oil production cut

OPEC and allies are working on a deal for an unprecedented production cut equivalent to around 10 per cent of global supply, an OPEC source said after US President Donald Trump called on oil nations to stop the oil rout...

The central bank has asked all the scheduled banks to extend transaction hours for customers by one hour during the government-announced general holidays to help stop coronavirus transmission. The banks have also been asked to provide banking services on a limited scale from April 5 to April 09 keeping open their branches from 10 am to 3:00 pm. The transaction period has been re-fixed from 10:00am to 1:00pm, against two hours earlier from 10am on each working days, according to a fresh notification, issued by the Bangladesh Bank (BB) on Thursday. "We've extended the banking transaction period by one hour considering necessity of the public," a BB senior official told the FE while replying to a query. The banks have...

BGBA suggests forming special cell, action plan

Local garment buyers have proposed formation of a special cell for ready-made garment (RMG) sector, comprising of all related stakeholders, to address the problems that surfaced due to the worldwide coronavirus pandemic. The Bangladesh Garment Buying House Association (BGBA) made...