Tourism sector seeks immediate financial assistance | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
May 30, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, MAY 30, 2025
Tourism sector seeks immediate financial assistance

Covid-19 in Bangladesh

TBS Report
26 April, 2020, 09:05 pm
Last modified: 26 April, 2020, 09:13 pm

Related News

  • EU backs democratic oversight in Bangladesh's financial governance
  • Govt provides interest-free microloans, financial aid to imams and muezzins
  • Negligence in July killings’ trial will force students, people again to take to the streets: Mir Snigdho
  • Tour operators, businessmen demand lifting restrictions on travel to St Martin's
  • Tourism sector contributed 4% in GDP: Minister

Tourism sector seeks immediate financial assistance

Toab estimates losses of around Tk5,700 crore for the sector during January-December this year

TBS Report
26 April, 2020, 09:05 pm
Last modified: 26 April, 2020, 09:13 pm
Photo: Collected
Photo: Collected

The ongoing global travel stalemate has sent the country's tourism and hospitality sector into a tailspin, and the effects of Covid-19 pandemic are likely to stretch throughout the year.

So the industry players sought immediate financial assistance from the government in the online discussion "Survival Strategy: Current and Post Covid-19 Crisis" organised by Tour Operators Association of Bangladesh (Toab) on Sunday. 

Speaking at the programme, Association of Travel Agents of Bangladesh President Monsur Ahmed Kalam said, "The banks are not interested in giving loans to the tourism sector. So we are sceptical about getting benefitted from the government's coronavirus stimulus packages."

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Toab President Md Rafeuzzaman said, "Loan at 4.5 percent interest rate will not be viable for this sector as most of the businessmen here have a small or moderate capacity.

"We suggest the government to give immediate financial assistance to the sector."

Bangladesh Restaurant Owners' Association President Khandakar Ruhul Amin said, "Loan with low-interest rate has to be ensured for the tourism and hospitality sectors' stakeholders." 

Dhaka Regency Hotel and Resort's Executive Director Shahid Hamid said, "The business travellers from China, Japan and India will come to Bangladesh in the post-Covid-19 period. We have to work on making it easy for them and other travellers from all South Asian countries. It could also bring immediate relief to the tourism sector." 

Bangladesh Parjatan Corporation Chairman Ram Chandra Das, speaking as the chief guest of the session said: "The inadequate statistics on the tourism sector is a sad reality. But we have to develop a comprehensive estimation of business losses of this sector so that we can negotiate with the higher authority of the government for financial assistance." 

Pranab Saha, editor of the DBC Television, said, "A task force can be formed with the participation of all representatives of tourism-related businesses, including tour operators, travel agents, hotels, motels, resorts, airlines, and tourist transports."

Earlier, Toab, a platform of 678 tour operators of Bangladesh, estimated losses of around Tk5,700 crore for the sector during January-December this year after consulting with the stakeholders.

Top News

tourism sector / financial assistance

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Chief Adviser Muhammad Yunus meets Japanese Prime Minister Ishiba Shigeru in Japan on 30 May 2025. Photo: CA Office
    Japan's PM reiterates full support for CA's reform initiatives
  • Photo collage of the sailors and their catch. Photos: Shahid Sarkar
    Between sky and sea: The thrilling life afloat on a fishing ship
  • Bangladesh Chief Adviser Muhammad Yunus speaks to Nikkei Asia in Tokyo on 29 May. Photo: Nikkei Asia
    Bangladesh ready to buy more US cotton, oil to reduce trade gap: Yunus

MOST VIEWED

  • Photo: Courtesy
    New notes featuring historic, archaeological structures of Bangladesh to be circulated from 1 June
  • Two Memoranda of Understanding were signed at the seminar titled “Bangladesh Seminar on Human Resources,” in Tokyo on 29 May 2025. Photo: CA Press Wing
    Japan to recruit 100,000 Bangladeshi workers over next 5 years
  • Representational Photo: Collected
    Country's all jewellery shops to remain indefinitely closed in protest of VP Reponul's arrest: Bajus
  • BAT Bangladesh has to vacate Mohakhali HQ as SC rejects lease appeal
    BAT Bangladesh has to vacate Mohakhali HQ as SC rejects lease appeal
  • Illustration: TBS
    Bangladesh repays $3.5b foreign debt in 10 months of FY25
  • Khondoker Rashed Maqsood. File Photo: Collected
    Investors urge removal of BSEC chairman in meeting with CA’s special assistant, submit list of demands

Related News

  • EU backs democratic oversight in Bangladesh's financial governance
  • Govt provides interest-free microloans, financial aid to imams and muezzins
  • Negligence in July killings’ trial will force students, people again to take to the streets: Mir Snigdho
  • Tour operators, businessmen demand lifting restrictions on travel to St Martin's
  • Tourism sector contributed 4% in GDP: Minister

Features

Photo collage of the sailors and their catch. Photos: Shahid Sarkar

Between sky and sea: The thrilling life afloat on a fishing ship

24m | Features
For hundreds of small fishermen living near this delicate area, sustainable fishing is a necessity for their survival. Photo: Syed Zakir Hossain

World Ocean Day: Bangladesh’s ‘Silent Island’ provides a fisheries model for the future

16h | The Big Picture
The university will be OK. But will the US? Photo: Bloomberg

A weaker Harvard is a weaker America

16h | Panorama
The Botanical Garden is a refuge for plant species, both native and exotic. Photo: Mehedi Hasan/TBS

The hidden cost of 'development' in the Botanical Garden

16h | Panorama

More Videos from TBS

Record migrant deaths in 2024

Record migrant deaths in 2024

13h | Podcast
News of The Day, 29 MAY 2025

News of The Day, 29 MAY 2025

15h | TBS News of the day
Businesses set for relief as interim govt eyes major tax & fine cuts

Businesses set for relief as interim govt eyes major tax & fine cuts

18h | TBS Insight
Love is essential for human life

Love is essential for human life

17h | TBS Programs
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net