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This document summarizes the impacts of COVID-19 on the tourism and banking sectors in Bangladesh. It discusses how the pandemic severely impacted tourism through international flight cancellations and job losses in the tourism industry. It also notes the economic impacts, including an 80% predicted drop in international tourism. Regarding banking, the document outlines challenges like financial difficulties for management and increased non-performing loans. It provides statistics on affected bankers and declining private sector credit growth. Finally, it summarizes policies from the Bangladesh government and central bank to support these hard-hit sectors during the pandemic.
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Impact of COVID 19 on Thailand (TDRI July 2020)
- The document provides information on COVID-19 vaccines currently in clinical trials, with the earliest completion date being September 2021. After phase II trials establish safety, some vaccines may receive emergency approval for frontline workers.
- It also includes summaries of GDP growth forecasts from the World Bank, showing a projected global economic contraction of 5.2% in 2020 before a modest recovery in 2021. Advanced economies are expected to contract more severely and take longer to recover pre-pandemic levels.
- The Thai economy is forecast to contract 10% in 2020, with exports, tourism, and consumption only beginning to recover once the pandemic ends, not reaching pre-COVID levels until 2023. Various industries are negatively and positively impacted.
Running head IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1.docx
Running head: IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1
IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE 5
IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE
STUDENT’S NAME
PROFESSOR’S NAME
COLLEGE
DATE
Abstract
The major source of economic stabilization in Middle East countries is oil production and export. The recent pandemic is causing turbulence to the economies of the Middle East region. A sudden drop in domestic and external demand for goods and products especially crude oil, downfall in the crude oil prices, halts in the production due to labor shortage are some of the major impacts observed in the region. Additionally, falling consumer confidence coupled with the tightened financial condition is also decreasing the economic activities in the region. The World Travel and Tourism Council have warned the COVID-19 pandemic could cut 50 million jobs worldwide in the travel and tourism industry.Once the outbreak is over, it could take up to 10 months for the industry to recover. The tourism industry currently accounts for 10% of global GDP. The UAE economy derives much from its tourism industry. Studies project the travel and tourism industry will contribute about Dh312.4 billion to the UAE’s GDP by 2027. It is apparent that the industry and its employees are the backbone of the economy. But if businesses in this industry don’t receive immediate aid from the government, the chances of them surviving the coronavirus outbreak are slim even though they were growing at a commendable rate before the outbreak (Hill, 2020). The corona virus epidemic is putting up to 50 million jobs in the global travel and tourism sector at risk, with travel likely to slump by a quarter this year. The United Arab Emirates has implemented a travel ban on non-Emiratis residents, reduced customs fees and municipality fees, cut interest rates and is rolling out a $27 billion stimulus package to attempt to reduce the impact of the corona virus on the economy. With tens of thousands infected across the region and thousands of lives lost, it is clear that Covid-19 will exacerbate governance failures, sectarianism, tensions between secularists and Islamists, and deepens economic cleavages within and between the states. The United Arab Emirates began implementing social distancing measures whilst the virus was still at its infancy.
The impact would be felt most on the economic front as capital markets tumble, tourists evaporate in the midst of a ban on flights and lockdowns, and oil prices contract. Chinese buyers are involved in a significant portion of real estate transactions in the UAE. With China still recovering from the virus, these Chinese buyers have postponed making new purchases. Given the vast economy of UAE with its glut of property, even before the virus, this city-state is confronting economic catastrophe. With the UAE cancelling its Expo 2020and Saudi Arabia not allowing the annual haj pilgrimage to take place, hundreds of millions of dollars were lo.
Eec project on impact on covid 19 tourism in malaysia
This document contains a project report on the impact of COVID-19 on Malaysia's tourism industry. It includes an introduction to COVID-19 and its effects, a background on the tourism sector in Malaysia, and details on how the pandemic has negatively impacted airlines, hotels, and tourism. The outbreak has exposed risks to Malaysia's Visit 2020 campaign by leading to a large drop in tourists from Singapore and China. It concludes that COVID-19 has hugely impacted Malaysia's tourism industry by causing tourists to cancel trips and the government to impose restrictions.
ExpectedServicePerceivedServiceServiceDelivery.docx
Expected
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Perceived
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External
Communication
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Perceptions to
Specifications
(Operationalization)
Mgmt
Perception of
Expectations
WOM Personal Needs Past Experiences
HTMX31 – Model of Service Quality (GAPS). Based on the article:
Zeithaml, V.A., Berry, L.L. & Parasuraman, A. (1988). Communication and Control Processes in the Delivery of Service Quality, Journal of Marketing 52(2), 35-48.
GAP 2
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IMPACT OF CORONA VIRUS ON THE TOURISM INDUSTRY OF UAE
1. INTRODUCTION
The COVID-19 pandemic and the steps taken to curtail its spread have a strong effect on the tourism market. According to the United Nations (UNWTO), in 2020 the COVID-19 pandemic would result in a 20 to 30 percent reduction of the tourism industry. This estimate is likely to be cautious for countries that rely on foreign tourists, as recent data on daily air traffic show a decrease of nearly 80% since January2020.
While several economic sectors are supposed to rebound as restrictive restrictions are removed, the pandemic has a longer-lasting effect on foreign tourism. This is primarily attributed to decreased consumer trust and the likelihood that the free migration of human beings would be limited longer. COVID-19 impact on tourism The link between Coronavirus (COVID-19) and News, Analysis and Resources The average recovery time for visitors to a destination was about 19 months in previous viral epidemics, according to World Travel and Tourism Commission (WTTC).
The rapid, severe and undoubtedly protracted downturn in the travel and tourism industry has forced international tourism countries to depend heavily on their finances. This involve the tiny developing island countries (SIDS), which are not only most fragile because they are heavily tourist-dependent but also because any shock of this size is challenging for tiny economies to cope with. On average, according to WTTC statistics, the tourism sector accounts for almost 30% of the SIDS gross domestic product (GDP). Of the Maldives, Seychelles, St. Kitts and Nevis and Grenada, this proportion is more than 50%. In general, travel and tourism raise around $30 billion annually in SIDS. A 25% decrease in tourism receipts would result in $7.4 billion or 7.3% decrease in GDP. The decline in certain SIDS may be considerably larger, hitting 16% on the Maldives and Seychelles.
The COVID-19 pandemic is projected to contribute, for several SIDS, to large levels of sales losses immediately without the requirement for an alternate source of foreign currency revenues to fund international debt and pay for imports.
Devastating economic consequences Countries can generally cope with economic storms through additional debt or by using foreign reserves that are available.
Nevertheless, access to global capital markets is becoming more restricting, particularly for small countries like SIDS, which are mostly hig.
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The COVID-19 pandemic has significantly impacted the global tourism industry through widespread travel restrictions and a decline in demand. International tourist arrivals are estimated to decrease by 20-30% in 2020, resulting in $30-50 billion in lost revenue. Many tourist attractions worldwide have closed. Travel restrictions were implemented in countries like China, India, Singapore, and Japan, reducing foreign arrivals by over 50% year-over-year in some cases. Related industries like hotels, restaurants, cruises, rental cars, and fashion have also suffered. The global tourism industry contributes 10% of world GDP and jobs, with Asia expected to be hardest hit with millions of potential job losses. India's tourism sector has also been severely affected, with
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Topics covered:
- What is Covid-19 ((Corona Virus Disease) ?
- Socio - Economic Effects of Covid-19 on global society.
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- Impact of COVID-19 on Indian Economy.
- Impact of COVID-19 on Indian Banking Sector.
- Steps to be taken by Indian Banks.
Effect of Covid 19 on Tourism Industry
As covid 19 is on its path of disrupting and damaging world economies, the economy of India is also not unaffected. With this review paper it has been tried to find the various impacts of lockdown and covid 19 on tourism industry specifically in India. Impact of corona on Indian economy, tourism, and other parts of tourism will be analyzed with the help of content analysis. Medical tourism being hit at large will also be discussed apart from other sections of tourism in India. This paper will also attempt to gather the views on responsible tourism and will gather the suggested possible frameworks for government and bureaucrats to consider. Bringing equality, social justice and oneness are some of the important aspects associated with tourism cohesively and so an attempt has been made to draw attention towards them in the study. Abhimanyu Awasthi | Md. Soyav | Kumari Shiwani "Effect of Covid-19 on Tourism Industry" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd38070.pdf Paper URL : https://www.ijtsrd.com/management/business-administration/38070/effect-of-covid19-on-tourism-industry/abhimanyu-awasthi
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Running head IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1.docx
Running head: IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE1
IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE 5
IMPACT OF COVID 19 ON TOURSIM INDUSTRY OF UAE
STUDENT’S NAME
PROFESSOR’S NAME
COLLEGE
DATE
Abstract
The major source of economic stabilization in Middle East countries is oil production and export. The recent pandemic is causing turbulence to the economies of the Middle East region. A sudden drop in domestic and external demand for goods and products especially crude oil, downfall in the crude oil prices, halts in the production due to labor shortage are some of the major impacts observed in the region. Additionally, falling consumer confidence coupled with the tightened financial condition is also decreasing the economic activities in the region. The World Travel and Tourism Council have warned the COVID-19 pandemic could cut 50 million jobs worldwide in the travel and tourism industry.Once the outbreak is over, it could take up to 10 months for the industry to recover. The tourism industry currently accounts for 10% of global GDP. The UAE economy derives much from its tourism industry. Studies project the travel and tourism industry will contribute about Dh312.4 billion to the UAE’s GDP by 2027. It is apparent that the industry and its employees are the backbone of the economy. But if businesses in this industry don’t receive immediate aid from the government, the chances of them surviving the coronavirus outbreak are slim even though they were growing at a commendable rate before the outbreak (Hill, 2020). The corona virus epidemic is putting up to 50 million jobs in the global travel and tourism sector at risk, with travel likely to slump by a quarter this year. The United Arab Emirates has implemented a travel ban on non-Emiratis residents, reduced customs fees and municipality fees, cut interest rates and is rolling out a $27 billion stimulus package to attempt to reduce the impact of the corona virus on the economy. With tens of thousands infected across the region and thousands of lives lost, it is clear that Covid-19 will exacerbate governance failures, sectarianism, tensions between secularists and Islamists, and deepens economic cleavages within and between the states. The United Arab Emirates began implementing social distancing measures whilst the virus was still at its infancy.
The impact would be felt most on the economic front as capital markets tumble, tourists evaporate in the midst of a ban on flights and lockdowns, and oil prices contract. Chinese buyers are involved in a significant portion of real estate transactions in the UAE. With China still recovering from the virus, these Chinese buyers have postponed making new purchases. Given the vast economy of UAE with its glut of property, even before the virus, this city-state is confronting economic catastrophe. With the UAE cancelling its Expo 2020and Saudi Arabia not allowing the annual haj pilgrimage to take place, hundreds of millions of dollars were lo.
Eec project on impact on covid 19 tourism in malaysia
This document contains a project report on the impact of COVID-19 on Malaysia's tourism industry. It includes an introduction to COVID-19 and its effects, a background on the tourism sector in Malaysia, and details on how the pandemic has negatively impacted airlines, hotels, and tourism. The outbreak has exposed risks to Malaysia's Visit 2020 campaign by leading to a large drop in tourists from Singapore and China. It concludes that COVID-19 has hugely impacted Malaysia's tourism industry by causing tourists to cancel trips and the government to impose restrictions.
ExpectedServicePerceivedServiceServiceDelivery.docx
Expected
Service
Perceived
Service
Service
Delivery
External
Communication
Translation of
Perceptions to
Specifications
(Operationalization)
Mgmt
Perception of
Expectations
WOM Personal Needs Past Experiences
HTMX31 – Model of Service Quality (GAPS). Based on the article:
Zeithaml, V.A., Berry, L.L. & Parasuraman, A. (1988). Communication and Control Processes in the Delivery of Service Quality, Journal of Marketing 52(2), 35-48.
GAP 2
G
A
P
1
GAP 5
GAP 4
GAP 3
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•
•
•
•
•
•
•
•
•
•
•
•
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IMPACT OF CORONA VIRUS ON THE TOURISM INDUSTRY OF UAE
1. INTRODUCTION
The COVID-19 pandemic and the steps taken to curtail its spread have a strong effect on the tourism market. According to the United Nations (UNWTO), in 2020 the COVID-19 pandemic would result in a 20 to 30 percent reduction of the tourism industry. This estimate is likely to be cautious for countries that rely on foreign tourists, as recent data on daily air traffic show a decrease of nearly 80% since January2020.
While several economic sectors are supposed to rebound as restrictive restrictions are removed, the pandemic has a longer-lasting effect on foreign tourism. This is primarily attributed to decreased consumer trust and the likelihood that the free migration of human beings would be limited longer. COVID-19 impact on tourism The link between Coronavirus (COVID-19) and News, Analysis and Resources The average recovery time for visitors to a destination was about 19 months in previous viral epidemics, according to World Travel and Tourism Commission (WTTC).
The rapid, severe and undoubtedly protracted downturn in the travel and tourism industry has forced international tourism countries to depend heavily on their finances. This involve the tiny developing island countries (SIDS), which are not only most fragile because they are heavily tourist-dependent but also because any shock of this size is challenging for tiny economies to cope with. On average, according to WTTC statistics, the tourism sector accounts for almost 30% of the SIDS gross domestic product (GDP). Of the Maldives, Seychelles, St. Kitts and Nevis and Grenada, this proportion is more than 50%. In general, travel and tourism raise around $30 billion annually in SIDS. A 25% decrease in tourism receipts would result in $7.4 billion or 7.3% decrease in GDP. The decline in certain SIDS may be considerably larger, hitting 16% on the Maldives and Seychelles.
The COVID-19 pandemic is projected to contribute, for several SIDS, to large levels of sales losses immediately without the requirement for an alternate source of foreign currency revenues to fund international debt and pay for imports.
Devastating economic consequences Countries can generally cope with economic storms through additional debt or by using foreign reserves that are available.
Nevertheless, access to global capital markets is becoming more restricting, particularly for small countries like SIDS, which are mostly hig.
The impact of covid 19 on tourism industry
The COVID-19 pandemic has significantly impacted the global tourism industry through widespread travel restrictions and a decline in demand. International tourist arrivals are estimated to decrease by 20-30% in 2020, resulting in $30-50 billion in lost revenue. Many tourist attractions worldwide have closed. Travel restrictions were implemented in countries like China, India, Singapore, and Japan, reducing foreign arrivals by over 50% year-over-year in some cases. Related industries like hotels, restaurants, cruises, rental cars, and fashion have also suffered. The global tourism industry contributes 10% of world GDP and jobs, with Asia expected to be hardest hit with millions of potential job losses. India's tourism sector has also been severely affected, with
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Get ready for the impact of Covid-19 on Travel Industry. Automation is the key. Industry insights & size of Indian Travel Industry included with figures. Investor sentiments post covid-19 included
Impact of covid 19 on Indian Economy & Banking Sector
Impact of Covid-19 on indian Economy & Banking Sector
Topics covered:
- What is Covid-19 ((Corona Virus Disease) ?
- Socio - Economic Effects of Covid-19 on global society.
- How Covid-19 hit India?
- Impact of COVID-19 on Indian Economy.
- Impact of COVID-19 on Indian Banking Sector.
- Steps to be taken by Indian Banks.
Effect of Covid 19 on Tourism Industry
As covid 19 is on its path of disrupting and damaging world economies, the economy of India is also not unaffected. With this review paper it has been tried to find the various impacts of lockdown and covid 19 on tourism industry specifically in India. Impact of corona on Indian economy, tourism, and other parts of tourism will be analyzed with the help of content analysis. Medical tourism being hit at large will also be discussed apart from other sections of tourism in India. This paper will also attempt to gather the views on responsible tourism and will gather the suggested possible frameworks for government and bureaucrats to consider. Bringing equality, social justice and oneness are some of the important aspects associated with tourism cohesively and so an attempt has been made to draw attention towards them in the study. Abhimanyu Awasthi | Md. Soyav | Kumari Shiwani "Effect of Covid-19 on Tourism Industry" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd38070.pdf Paper URL : https://www.ijtsrd.com/management/business-administration/38070/effect-of-covid19-on-tourism-industry/abhimanyu-awasthi
The impact of covid-19 on tourism industry in bangladesh
The COVID-19 pandemic has significantly impacted the global tourism industry through widespread travel restrictions and a decline in demand. International tourist arrivals are estimated to decrease by 20-30% in 2020, resulting in $30-50 billion in lost revenue. Tourism-reliant sectors like hotels, restaurants, casinos, cruises, and retail are struggling with less business. Countries like China, India, Singapore and Japan saw large declines in foreign visitors of over 50% in early 2020. Many interconnected industries are affected by the downturn in tourism caused by the pandemic.
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This presentation contains the positive and negative impacts regarding corona. I made it from various resources and wanted it share it publicly, so that others can also use it.
Supporting sustainable tourism development in least developed countries amid ...
Supporting sustainable tourism development in least developed countries amid ...Enhanced Integrated Framework
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Product Description The PowerPoint template is useful tool in presenting coronavirus impact assessment and mitigation strategies associated to tourism and leisure industry. It covers details regarding the tourism and leisure sector overview contribution of travel, tourism and leisure sector to GDP, impact of coronavirus pandemic on GDP impact on China tourism industry during COVID 19 pandemic, addressing international tourist arrivals and tourism receipts. It covers details regarding tourism and leisure consumer behavior with impact of coronavirus spread on various tourism and leisure segment such as tourist apartment, business travel, nightly leisure and shopping tourism. It covers information regarding the tourist consumption habits, addressing consumer concerns associated to everyday and tourism habits. Various enterprise risks are identified such as disruption due to social distancing, plummeting employee productivity, stressed supply chain, recession in tourism and leisure sector, unemployment and investment pullback risk, and economic instability and civil unrest due to pandemic and how these risks are impacting overall travelers in tourism and leisure sector. It also covers details about how these risks can be mitigated through business impact analysis, risk readiness assessment, risk management plan, business continuity plan, policy management, incident management, risk response plan for firms associated to tourism and leisure sector during COVID 19 outbreak. It also covers risk maturity survey questionnaire to ensure the maturity level of enterprises in handling risks. https://bit.ly/3hCDHjy
Beacon April 2015
April 2015 Edition of BEACON, A Monthly Newsletter by SIMCON.
Inside this issue:
About Us
Our Team
INDUSTRY ANALYSIS : Tourism and Hospitality Industry
COMPANY ANALYSIS : Thomas Cook India Ltd
BRAND ANALYSIS : Mercedes Benz
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Covid 19-and-travel-and-tourism-in-kenya-policy-brief
The document provides strategies for Kenya's tourism industry recovery from the impacts of COVID-19. It discusses immediate, medium-term, and long-term impacts including job losses, revenue reductions, and business closures. Recommendations focus on improving health and safety protocols, staggering reopening, financial support, marketing, training, and diversifying tourism products. Domestic tourism is highlighted as important for recovery initially, through targeting growing demographic groups and repackaging products to local interests.
Impact Of Covid-19 on Indian Banking Sector
The document discusses the impact of Covid-19 on India's banking sector. It notes that lending slowed, especially to small and medium businesses, and that 19 sectors saw additional stressed debt of Rs. 15.5 lakh crore due to the pandemic. It also discusses steps banks are taking like digital transformation and remote work to adapt, as well as increased credit management and adjustments to operating models in response to the pandemic.
EN_CLMV-Outlook_2022.pdf
After a sluggish recovery in 2021 pressured by the outbreak of the Delta variant, CLMV economies are expected to see a stronger recovery in 2022 supported by higher vaccination rates, resilient exports, and a gradual return of international tourists.
On the domestic front, higher vaccination rates have allowed authorities to relax lockdown measures, supporting a gradual domestic demand recovery. Officially confirmed COVID-19 cases have plummeted in Cambodia and Myanmar, while Laos and Vietnam have seen steady declines. Recent COVID-19 restrictions have been less stringent than in the past as CLMV economies adapt to living with COVID-19 and resort to partial lockdowns instead of nationwide lockdowns. Additional fiscal stimulus is expected to shore up domestic demand in Cambodia and Vietnam due to their adequate fiscal space, whereas Laos and Myanmar’s space for fiscal stimulus are more limited. Nonetheless, scarring effects from the pandemic would remain a drag on economic activity particularly through elevated unemployment rates and weakening household incomes.
On the external front, continued global economic growth and border reopening should underpin external demand recovery, supporting exports and foreign investment. CLMV exports are expected to see continued growth in 2022, albeit at a slower pace than 2021, as global demand for goods remains resilient especially for electronics and work-from-home products related to new lifestyles. With a lower economic uncertainty, FDI inflows should gradually return to the region aided by easing border restrictions and shortened quarantine requirements. Foreign trade and investment into the region would also benefit from RCEP which became effective in January. Despite that, the Omicron outbreak remains uncertain, and a prolonged spread would pose downside risks for external demand through possible supply chain disruptions.
Border reopening would also allow tourists to return gradually, with stronger growth expected in the second half of 2022 as Omicron concerns abate. However, Chinese tourists, which constitute a dominant share of international tourism in the region, are still barred by tight border restrictions. With China’s Zero-Covid policy and high transmissibility of the Omicron variant, EIC believes China’s border reopening for international tourism will be delayed to late-2022 or may be put off until 2023.
Factors to watch for CLMV economies in 2022 include 1) the Omicron variant or other emerging variants and risks of additional outbreaks, 2) vaccination progress and plans to ease border and mobility restrictions, and 3) fiscal and financial stability, particularly in Laos and Myanmar, amid higher public debt burden and monetary tightening in developed economies. Country-specific factors are also important to monitor, including the political situation in Myanmar and the recent opening of the Boten-Vientiane railway in Laos.
Ace budget bulletin 2020
The document provides an overview of Kenya's macroeconomic environment and fiscal budget for 2020/21, which has been significantly impacted by the COVID-19 pandemic. It summarizes that the global economy is projected to contract sharply in 2020 due to the pandemic. Kenya's GDP growth is also expected to decline sharply to about 2.3% from 5.4% in 2019. The pandemic has adversely affected key sectors in Kenya like tourism, trade, manufacturing, and agriculture. The fiscal budget for 2020/21 has been adjusted downwards to KSHS 2.7 trillion to create fiscal space in light of lower revenue projections and the President's KSHS 53.7 billion stimulus package focuses on boosting key sectors to mitigate the
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This document is a report on the effect of COVID-19 on business and its growth submitted to a professor. It provides an introduction to the topic, discussing how COVID-19 has changed the global economy and business environment. It notes that many businesses have been forced to close or change operations due to issues like lower demand, supply disruptions, and social distancing rules. The report will examine the impact of COVID-19 on businesses in different sectors and identify factors influencing business growth during the pandemic through an online survey.
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Introduction: The COVID-19 pandemic is going to be the longest health crisis ever being suffered in the modern times. The pandemic has disrupted global supply chains and international trade. More than 100 countries are closing their national borders and the movement of people has come to a screeching halt. The pause in the movement of people is greatly affecting the world economy, as people are staying indoors and major industrial productions has come to a grounding halt. According to an analysis by the UN Department of Economic and Social affairs, the global economy could shrink by upto 1% in 2020 due to the coronavirus pandemic which is lower than the previous forecast of 2.5% growth. The UN also added that the global economy could contract even further if restrictions on economic activities are extended without any adequate fiscal responses.
The coronavirus pandemic is affecting the overall growth of global economy. Some industries are booming in the event of crisis such as Technology, Entertainment industry. Entertainment industry with strong digital presence like Netflix, Amazon prime and technology companies aiding the operations of workplace like videocalling app Zoom are growing significantly in this crisis. Sectors like Groceries, Sanitary & cleaning, Food and beverages, Wholesaling are set to increase due to the pandemic. The corona virus scare has created a huge awareness on hand washing and there is a growing consumers’ inclination towards disinfectants and sanitary products. While some industries are growing with new opportunities, some are stalled and reeling under the lockdown. Tourism and travel industry are completely out of business due to social distancing and travel restrictions. Almost 100 countries over the world have closed their borders and airports have been shut-down for passengers. The airline companies, tourism related business are losing revenue due to the COVID-19 pandemic. Manufacturing sectors are also being closed and the productions are paused due to workers being quarantined in their homes. The agriculture sector is experiencing shortage of labor and fall in agricultural commodity prices. Banking and financial institution will be having hard time in collecting their dues and will be renegotiating credit terms. Banks also won’t be able to gain new deposits during this crisis and thereby affecting its earnings.
Coronavirus Impact Assessment And Mitigation Strategies In Hotel Industry Com...
The PowerPoint template is useful tool in presenting coronavirus impact assessment and mitigation strategies associated to Hotel industry. It covers details regarding the hotel sector overview, economic impact on hotel industry, decline in hotel occupancy affecting hotel industry, local communities and national economy, scenario analysis of hotel sector revival, impact of coronavirus on various segments. Several enterprise risks are identified such as disruption due to social distancing, plummeting employee productivity, stressed supply chain, recession in hotel sector, unemployment and investment pullback risk, and economic instability and civil unrest due to pandemic and how these risks are impacting overall hoteliers and clients in hotel sector. The template covers details about how these risks can be mitigated through business impact analysis, risk readiness assessment, risk management plan, business continuity plan by ensuring safety to hotel staff, digitalizing hotel premises, addressing travel demand, ensuring safety of hotel staff, policy management, incident management. It also covers information regarding the marketing plan in order to address future demand of hotel, role of government in reviving hotel industry and risk response plan for firms associated to hotel sector during COVID -19 outbreak. It provides details about risk maturity survey questionnaire to ensure the maturity level of enterprises in handling risks. https://bit.ly/2WD8nW8
VIỆT NAM INSIGHT COLLECTION 2022
The COVID-19 outbreak in Vietnam in 2021 caused significant challenges:
- Vietnam recorded its largest GDP decline in over 20 years in Q3 2021 due to strict lockdown measures.
- Unemployment rose while around 90,000 businesses suspended operations or went bankrupt in the first three quarters of 2021.
- Exports and industrial production declined in September.
- Consumer confidence in the economic situation remained lower than normal levels, though started improving in mid-September as restrictions began lifting.
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This document summarizes the results of a COVID-19 impact survey of Myanmar's tourism sector conducted by the Ministry of Hotels and Tourism. Key findings include:
- Over 80% of tourism businesses reported being seriously affected by the pandemic.
- Nearly 90% saw decreased revenues and 80% had very little business. 60% reduced their workforce.
- When asked what government support is needed, 70% said waiving taxes and fees, 63% protecting worker livelihoods, and 60% securing interest-free loans.
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This document proposes several policies and strategies to protect migrant workers and maintain the flow of remittances during and after the COVID-19 pandemic:
1. Establish a National Security and Pandemic Act with strict rules for migrant and domestic workers to prevent future pandemics.
2. Provide loans for expatriate workers who returned before January 20th to help them return to their previous jobs overseas.
3. Offer attractive interest schemes and additional benefits to encourage continued remittance flows.
4. Crowdsource health insurance for infected migrant workers staying overseas through contributions from expatriate communities.
5. Establish workplace safety funds and financial support for departed migrant workers who previously sent remittances.
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The document discusses the impact of COVID-19 on the global tourism industry. It notes that international tourist arrivals declined by 70% from January to June 2021 due to travel restrictions from the pandemic. The tourism industry has been severely impacted and is predicted to lose over 120 million jobs with over $1 trillion in economic damage. Research found that the tourism sector plays an important economic role but has faced significant challenges from COVID-19, ultimately impacting the economic growth of many nations. Safety measures are being implemented and travel bubbles proposed to revive the hard-hit tourism industry in a phased manner.
Tourism and Hospitality
The Hospitality industry is one of the largest service industries in India. Despite seeing the least hotel occupancy in the past two years, this sector will promise robust growth over time with new travel concepts and innovative hotel projects. The growth of the Indian hotel market is based on the rising domestic and foreign tourism.
Approximately 300 hotels will come up in India over the next three years, constituting about 17% of Asis’s hotel constructions pipeline. India has the second largest number of hotels (292) under construction after Chine (592). The hotel projects under construction include projects from companies such as Four Seasons, Carlson Rezidor Hotel Group, Hilton Worldwide, Hyatt Hotel Corp., and Indian Hotels.
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The document discusses the economic impact of the COVID-19 pandemic on Sri Lanka and provides recommendations. It finds that the Sri Lankan economy is expected to grow at only 2.2% in 2020 due to the pandemic, down from previous estimates of 4.5-5%, and that a recession is possible globally. Key sectors like tourism, apparel and textiles, construction and retail will be severely impacted. It recommends that Sri Lanka establish an economic task force and provide tax incentives to export industries to attract investment and foreign exchange. The Sri Lankan government has announced an economic stimulus package including debt moratoriums and loans to support businesses during this difficult time.
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The document discusses the impact of the COVID-19 pandemic on Bangladesh's garment sector. It notes that the garment industry is a key contributor to Bangladesh's economy, accounting for over 80% of exports and 20% of GDP. However, the pandemic has severely impacted the sector through cancelled orders and declining revenues. This has led to widespread job losses, with over one-third of garment workers estimated to have lost their jobs. The economic fallout from troubles in the garment industry poses major challenges for Bangladesh and risks exacerbating unemployment and poverty in the country.
Economic Capsule - April 2020
The document provides an economic capsule with information on the global and Sri Lankan economic outlook in the context of the COVID-19 pandemic. It includes the following key points:
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- For Sri Lanka, the World Bank forecasts a contraction of GDP by 0.5-3% in 2020, with declines in key industries like tourism, garments and construction severely impacting growth and employment.
- Sri Lankan apparel and tourism industries in particular face major challenges due to global demand reductions and restrictions, with large job and export losses
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Salesforce.com launched as an internet-based service that allowed corporate sales reps to gather and manage customer information, resulting in greater selling productivity. All marketing information was consolidated into a single "cloud" portfolio. It also created an interface allowing customers to more easily connect with reps through an online messaging system called "Chatter." For customers like NBCU and GE Capital, Salesforce.com integrated sales forces across customers, captured social collaboration across the company, and delivered the right social information to the right account executives to improve customer relationships. The various Salesforce.com tools like Sales Cloud, Service Cloud, and Collaboration Cloud help facilitate the different steps of the selling process like presentation, objections/follow-up, and approach. Going
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Salesforce.com launched as an internet-based service that allowed corporate sales reps to gather and manage customer information, resulting in greater selling productivity. It took all marketing information and consolidated it into a single "cloud" portfolio. It also created an interface that allowed customers to more easily connect with corporate reps through an online messaging system called "Chatter". For customers like NBCU and GE Capital, Salesforce.com integrated sales forces across customers, captured social collaboration across the company, and delivered the right social information to the right account executives to improve customer relationships. The various Salesforce.com tools like Sales Cloud, Service Cloud, and Collaboration Cloud help facilitate the different steps of the selling process like presentation, objection handling, and customer
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Product Description The PowerPoint template is useful tool in presenting coronavirus impact assessment and mitigation strategies associated to tourism and leisure industry. It covers details regarding the tourism and leisure sector overview contribution of travel, tourism and leisure sector to GDP, impact of coronavirus pandemic on GDP impact on China tourism industry during COVID 19 pandemic, addressing international tourist arrivals and tourism receipts. It covers details regarding tourism and leisure consumer behavior with impact of coronavirus spread on various tourism and leisure segment such as tourist apartment, business travel, nightly leisure and shopping tourism. It covers information regarding the tourist consumption habits, addressing consumer concerns associated to everyday and tourism habits. Various enterprise risks are identified such as disruption due to social distancing, plummeting employee productivity, stressed supply chain, recession in tourism and leisure sector, unemployment and investment pullback risk, and economic instability and civil unrest due to pandemic and how these risks are impacting overall travelers in tourism and leisure sector. It also covers details about how these risks can be mitigated through business impact analysis, risk readiness assessment, risk management plan, business continuity plan, policy management, incident management, risk response plan for firms associated to tourism and leisure sector during COVID 19 outbreak. It also covers risk maturity survey questionnaire to ensure the maturity level of enterprises in handling risks. https://bit.ly/3hCDHjy
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EN_CLMV-Outlook_2022.pdf
After a sluggish recovery in 2021 pressured by the outbreak of the Delta variant, CLMV economies are expected to see a stronger recovery in 2022 supported by higher vaccination rates, resilient exports, and a gradual return of international tourists.
On the domestic front, higher vaccination rates have allowed authorities to relax lockdown measures, supporting a gradual domestic demand recovery. Officially confirmed COVID-19 cases have plummeted in Cambodia and Myanmar, while Laos and Vietnam have seen steady declines. Recent COVID-19 restrictions have been less stringent than in the past as CLMV economies adapt to living with COVID-19 and resort to partial lockdowns instead of nationwide lockdowns. Additional fiscal stimulus is expected to shore up domestic demand in Cambodia and Vietnam due to their adequate fiscal space, whereas Laos and Myanmar’s space for fiscal stimulus are more limited. Nonetheless, scarring effects from the pandemic would remain a drag on economic activity particularly through elevated unemployment rates and weakening household incomes.
On the external front, continued global economic growth and border reopening should underpin external demand recovery, supporting exports and foreign investment. CLMV exports are expected to see continued growth in 2022, albeit at a slower pace than 2021, as global demand for goods remains resilient especially for electronics and work-from-home products related to new lifestyles. With a lower economic uncertainty, FDI inflows should gradually return to the region aided by easing border restrictions and shortened quarantine requirements. Foreign trade and investment into the region would also benefit from RCEP which became effective in January. Despite that, the Omicron outbreak remains uncertain, and a prolonged spread would pose downside risks for external demand through possible supply chain disruptions.
Border reopening would also allow tourists to return gradually, with stronger growth expected in the second half of 2022 as Omicron concerns abate. However, Chinese tourists, which constitute a dominant share of international tourism in the region, are still barred by tight border restrictions. With China’s Zero-Covid policy and high transmissibility of the Omicron variant, EIC believes China’s border reopening for international tourism will be delayed to late-2022 or may be put off until 2023.
Factors to watch for CLMV economies in 2022 include 1) the Omicron variant or other emerging variants and risks of additional outbreaks, 2) vaccination progress and plans to ease border and mobility restrictions, and 3) fiscal and financial stability, particularly in Laos and Myanmar, amid higher public debt burden and monetary tightening in developed economies. Country-specific factors are also important to monitor, including the political situation in Myanmar and the recent opening of the Boten-Vientiane railway in Laos.
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This document is a report on the effect of COVID-19 on business and its growth submitted to a professor. It provides an introduction to the topic, discussing how COVID-19 has changed the global economy and business environment. It notes that many businesses have been forced to close or change operations due to issues like lower demand, supply disruptions, and social distancing rules. The report will examine the impact of COVID-19 on businesses in different sectors and identify factors influencing business growth during the pandemic through an online survey.
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The coronavirus pandemic is affecting the overall growth of global economy. Some industries are booming in the event of crisis such as Technology, Entertainment industry. Entertainment industry with strong digital presence like Netflix, Amazon prime and technology companies aiding the operations of workplace like videocalling app Zoom are growing significantly in this crisis. Sectors like Groceries, Sanitary & cleaning, Food and beverages, Wholesaling are set to increase due to the pandemic. The corona virus scare has created a huge awareness on hand washing and there is a growing consumers’ inclination towards disinfectants and sanitary products. While some industries are growing with new opportunities, some are stalled and reeling under the lockdown. Tourism and travel industry are completely out of business due to social distancing and travel restrictions. Almost 100 countries over the world have closed their borders and airports have been shut-down for passengers. The airline companies, tourism related business are losing revenue due to the COVID-19 pandemic. Manufacturing sectors are also being closed and the productions are paused due to workers being quarantined in their homes. The agriculture sector is experiencing shortage of labor and fall in agricultural commodity prices. Banking and financial institution will be having hard time in collecting their dues and will be renegotiating credit terms. Banks also won’t be able to gain new deposits during this crisis and thereby affecting its earnings.
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The COVID-19 outbreak in Vietnam in 2021 caused significant challenges:
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This document summarizes the results of a COVID-19 impact survey of Myanmar's tourism sector conducted by the Ministry of Hotels and Tourism. Key findings include:
- Over 80% of tourism businesses reported being seriously affected by the pandemic.
- Nearly 90% saw decreased revenues and 80% had very little business. 60% reduced their workforce.
- When asked what government support is needed, 70% said waiving taxes and fees, 63% protecting worker livelihoods, and 60% securing interest-free loans.
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This document proposes several policies and strategies to protect migrant workers and maintain the flow of remittances during and after the COVID-19 pandemic:
1. Establish a National Security and Pandemic Act with strict rules for migrant and domestic workers to prevent future pandemics.
2. Provide loans for expatriate workers who returned before January 20th to help them return to their previous jobs overseas.
3. Offer attractive interest schemes and additional benefits to encourage continued remittance flows.
4. Crowdsource health insurance for infected migrant workers staying overseas through contributions from expatriate communities.
5. Establish workplace safety funds and financial support for departed migrant workers who previously sent remittances.
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The document discusses the impact of COVID-19 on the global tourism industry. It notes that international tourist arrivals declined by 70% from January to June 2021 due to travel restrictions from the pandemic. The tourism industry has been severely impacted and is predicted to lose over 120 million jobs with over $1 trillion in economic damage. Research found that the tourism sector plays an important economic role but has faced significant challenges from COVID-19, ultimately impacting the economic growth of many nations. Safety measures are being implemented and travel bubbles proposed to revive the hard-hit tourism industry in a phased manner.
Tourism and Hospitality
The Hospitality industry is one of the largest service industries in India. Despite seeing the least hotel occupancy in the past two years, this sector will promise robust growth over time with new travel concepts and innovative hotel projects. The growth of the Indian hotel market is based on the rising domestic and foreign tourism.
Approximately 300 hotels will come up in India over the next three years, constituting about 17% of Asis’s hotel constructions pipeline. India has the second largest number of hotels (292) under construction after Chine (592). The hotel projects under construction include projects from companies such as Four Seasons, Carlson Rezidor Hotel Group, Hilton Worldwide, Hyatt Hotel Corp., and Indian Hotels.
Covid 19-impact-on-sri-lanka-pw c
The document discusses the economic impact of the COVID-19 pandemic on Sri Lanka and provides recommendations. It finds that the Sri Lankan economy is expected to grow at only 2.2% in 2020 due to the pandemic, down from previous estimates of 4.5-5%, and that a recession is possible globally. Key sectors like tourism, apparel and textiles, construction and retail will be severely impacted. It recommends that Sri Lanka establish an economic task force and provide tax incentives to export industries to attract investment and foreign exchange. The Sri Lankan government has announced an economic stimulus package including debt moratoriums and loans to support businesses during this difficult time.
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The document discusses the impact of the COVID-19 pandemic on Bangladesh's garment sector. It notes that the garment industry is a key contributor to Bangladesh's economy, accounting for over 80% of exports and 20% of GDP. However, the pandemic has severely impacted the sector through cancelled orders and declining revenues. This has led to widespread job losses, with over one-third of garment workers estimated to have lost their jobs. The economic fallout from troubles in the garment industry poses major challenges for Bangladesh and risks exacerbating unemployment and poverty in the country.
Economic Capsule - April 2020
The document provides an economic capsule with information on the global and Sri Lankan economic outlook in the context of the COVID-19 pandemic. It includes the following key points:
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[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
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Quantative-Analysis.pptx
- 2. SL No. Name ID No. 01 Lamia Jahan Mim 18 MKT 001 02 Afsana Akkas Novera 18 MKT 004 03 Miraj Howlader (Leader) 18 MKT 006 04 Israt Jahan 18 MKT007 05 Jyoti Das 18 MKT008 06 Jahid Hasan 18 MKT 023 07 Md. Rasel Hossain 18 MKT 027 08 Rifat Hasan 18 MKT056 Group Profile
- 3. Covid-19 Impact on Tourism and Banking Sector
- 4. Introduction COVID-19, an infectious disease caused by SARS-CoV-2, was first identified in December 2019 in Wuhan, Hubei, China but now the whole world is suffering from COVID-19 outbreak. It creates an unstable and emerging situation around the world. Tourism and Banking industry stays at one of the major sector which is going to look more shocking situation due to COVID-19 outbreak.
- 5. Covid-19 and Tourism Sector Tourism is one of the sectors most affected by the Covid-19 pandemic, impacting economies, livelihoods, public services and opportunities on all continents. Due to lockdown people cannot move from one place to another. All international flights have been cancelled and stopped for long days. Thousands of people working in tourism industry have started to become jobless.
- 6. Economic Impact of Covid-19 on Tourism Sector In developing countries, where the tourism sector is of high importance to the economy, the COVID-19 pandemic has had a significant negative impact. The travel and tourism sector contributes 4.4% of the GDP in each year. But, it was predicted that international tourism would fall by 80%.
- 7. Impact of tourism on employment The pandemic has an adverse. effect on inbound and outbound tourism of Bangladesh. both the hotel/motel and tourism industries. have been badly affected in Bangladesh. The impact of the crisis on tourism employment in the world. was more muted, yet contractions in wages and working hours were stark. Figure 3 shows the change in occupancy level of luxury hotels in Bangladesh.
- 8. Impact On Employment In Tourism At Global Level In the Philippines, employment losses and decreases in average working hours in 2020 were among the largest. In Viet Nam, the dire consequences of the crisis on the tourism sector were reflected primarily in decreasing wages
- 9. COVID 19 Impact On Travel Agency As travel agencies work with bookings in advance, they have sustained considerable. losses. Therefore, the demand for travel reservations has significantly decreased, and many tourists had to cancel reservations due to changes in the mobility restrictions
- 10. New Technologies In Tourism Industry Affected By COVID 19 New technologies used in the pandemic based on this framework. These are: 1. Information quality. 2. Live stream conference to replace face to face conference. 3. 5G technology. 4. WiFi 6. 5. System quality. 6. Event facial checks in services with AI temperature check.
- 11. Social Impact of Covid-19 on Tourism Sector Older Persons. Persons with Disabilities. Youth. Families. Indigenous Peoples
- 12. Positive Impact of Covid-19 on Tourism Sudden increase in family outings to nature-based tourism. Increasing rural tourism, agro-tourism. Improved standards in health, travel, communication, shopping and sanitation. Promoting organic products and changing the eating habits of tourists and visitors. Tourism support – more awareness of nature, culture and ecology. Restrictions on trade of wild animals.
- 13. Challenges faced by Tourist and Tourism Industries To identify the prospective spots that can attract the tourist of home and abroad. To identify the facilities of tourism sector like accommodation, transportation, restaurant, recreation etc. To analyse the present position as well as performance of tourism industry of Bangladesh in general. To analyse the potentiality of various types of tourism in comparisons to country like Bangladesh;
- 14. Potential Long Lasting Tourism From The Way Of Recovery Recovery way for Bangladesh and global. Promotional branding, digital marketing needed. Government takes on projects to revive tourism. Restoring traveller confidence. Ensuring Safety and hygiene. Structural change in tourism supply. Digitalisation in tourism services.
- 15. Impact of Covid-19 on banking sector of Bangladesh and in the World Covid-19 and Banking Industry: Indian Company Law 1936 defines Bank as “ a banking company which receive deposits through current account or any other forms and allows withdrawa through cheques or promissory notes.” Covid-19 has generated significant instability and high volatility across th world, including financial markets and institutions in all possible dimensions. Fo banks in particular, the pandemic generates multifaceted crises, mostly through Negative Impact
- 16. The Asian Development Bank predicts that the global economic cost of the pandemic is likely to be between $5.8 and $8.8 trillion (about 6.4–9.7% of world GDP). Bangladesh Bureau of Statistics shows, the growth of financial intermediation are indicating downward trend over the years but drastic fall is observed in 2020 compared to previous year. Financial Difficulty Of Banking Management During Covid-19
- 17. Impact on Banker According to Bangladesh Bank statistics, 27,237 bankers of Commercial banks affected by corona virus and 143 bankers died from covid-19 upto June 2021.
- 18. Private Sector Credit Growth The world bank group help developing countries by giving financial support. It delivered an unprecedented 204 billion in financial support to public and private sector clients. As well as they make many project : 1.Project that are supported by COVID 19 Fast track facilities, including COVID vaccine acquisition. 2. IBRD and IDA components funding for redemployment.
- 19. Credit By Economic Sector Banking sector will negatively affected by the pandamic, it is also critical for economic recovery both nation and internationally. 1.Bankers can not contact directly with customers of payment savings credit and risk management services. 2.Business man can not operate their their business. 3.In this economic condition Bangladesh bank reduce the interest rate.
- 20. Liquidity Crisis Higher loan concentration sectors are negatively affected the world. It has identified banks liquidity crisis from March to November 2020 for twenty commercial banks. Monetary policy Interest rate cuts were associated with significant declines in the liquidity premium.
- 21. NPL Condition in Bangladesh Non-performing loan (NPL) is a loan in which the borrower is in default and hasn’t made any scheduled payments of principal or interest for a certain period of time. In banking, commercial loans are considered nonperforming if the borrower is 90 days past due.
- 22. Important Policies taken by the Bangladesh Government & Bangladesh Bank 1. Support of BDT 50 billion for export- oriented industries to pay the salaries and allowances of workers and staff. 2. Support of BDT 600 billion as working capital loan facility for large industries and CMSMEs. Policies
- 23. Monetary, Exchange Rate and Bank Liquidity 01.CRR: Cash Reserve Ratio (CRR) requirement has been reduced from 5.5% to 4.0%. 02.Bank Rate: Bank rate has been reduced from 5.0% to 4.0%. 03.ADR: The advance deposit ratio (ADR) has been extended from 85.0% to 87.0%. 04.IDR: The investment deposit ratio (IDR) has been extended from 90.0% to 92%
- 24. Introduction of Credit Guarantee Scheme and Foreign Exchange policy 1.To provide credit guarantee facilities for Cottage, Micro and Small (CMS) Entrepreneurs, BB started a Credit Guarantee Scheme (CGS) policy along with a fund of BDT 20 billion. 2.Extension of payment period: Banks permitted to extend LC usance (payment) periods for the import of raw materials, agricultural implements and chemical fertilizers. 3. Banks may, without repayment guarantee, advance credit up to USD 0.5 million for import of corona virus-related life-saving drugs, medical kits/equipment, and other essential medical items.
- 25. Thank You