Global Journal of Management and Business Research, B: Economics and Commerce, Volume 23 Issue 1

d) Crisis on Capital Market Global financial markets are suddenly responding to the ongoing coronavirus pandemic. The Covid-19 pandemic could have a major impact on the financial markets and institutions of almost every affected country. Bangladesh is one of them. Although the stock market has not been shown to dominate the Bangladeshi capital financing market, the Covid-19 pandemic is not easily spare it. From February 2020, the volatile stock market in Bangladesh has begun to show the negative effects from the coronavirus pandemic. During the pandemic period from February 27, 2020,to June 10,2020,the market value of stocks decreased by 11.50% compared to the daily average. The market fluctuation (standard deviation) is 2.20% (according to annual calculations, up to 98.30%). From last week of March 2020, the Dhaka stock exchange and Chittagong stock exchange was closed due to lockdown situation in Bangladesh. May 31, 2020, Dhaka stock exchange and Chittagong stock exchange resumed operations. However, the situation does not seem to have much hope yet. A few weeks before the announcement of the lockdown, the Bangladesh Securities and Exchange Commission (BSEC) introduced a price for all stocks of listed securities to restore the normal downward trend in the market. However, this does not appear to have had a significant impact on declining trade, and the onset of the Covid-19 pandemic has been exacerbated by adverse micro- and macro-effects. After the market recovery, investors turned gloomy and worried about the general economic and financial uncertainty, which was reflected in a sharp decline in trading activity. The main exchange transaction price reached its lowest level in 13 years in 2020 on June 5 that amounted to 430 million Tk. Given the unprecedented uncertainty and uncertainty caused by the Covid-19 pandemic, the Bangladeshi stock market could see difficult and severe consequences in the coming days (Suborna Barua. Et al). e) Impact on Global Education System The Covid-19 pandemic has had a major impact on the global education system. Schools, colleges and universities around the world have been closed to prevent the virus from spreading, as it is essential to avoid community gathering and maintain social distance to prevent the spread of the disease. Such an intervention is necessary in order to implement the "stay at home" approach in all ways. However, long- term closures face a variety of challenges for educational institutions and students. Of course, various temporary coping mechanisms have been put in place in the education system to deal with the unpredictable effects of the Covid-19 pandemic. Educational institutions in various countries have been closed. Due to the situation of Covid-19, the educational institution (EI) will be closed from March 2020. At the start of the pandemic, Covid-19 extended national plans to close educational institutions until 2020. In March, however, now the time has been extended in almost all countries. In the United States, some institutions have announced that they will close this school year, while others have announced that they will remain closed until further notice. Australia is reopening schools, although many schools have not closed here (Coronavirus Covid-19 Update, 2020). Canadian Education Minister Stephen Lecce has announced that all schools will be closed by at least May 31. In Japan, the state of emergency will continue until May 6, so educational institutions will also remain closed ("Coronavirus: Japan declares national emergency"). On April 27, BBC News has announced that China's Educational institutions has begun to open. Wuhan, where started the pandemic, will open schools from May 6. ("Coronavirus: Schools Start Reopening in China's Biggest Cities"). The duration of Educational institutions closure depends on the situation of Covid-19 in these countries (Nazmul et.al, 2020). f) Impact on Tourism Industry Tourism is a way of movement for most people in the modern world. According to the WTO (2020), International tourism supports sustainable growth for decades in a row. The report states that in 2019 there is 1.5 billion international tourists visited. Expected to reach 1.8 until 2030. The number of international tourists will reach 1 billion. The economic sector accounted for 4.4% of GDP in 2018. (World Bank, 2019).Bangladesh’s international tourism spending is $ 1.208 billion, In South Asian countries, it has quite reasonable value. Since the beginning of March, the Bangladeshi tourism industry has been adversely affected by the COVID-19 outbreak. Since early April, the number of COVID-19 patients in Bangladesh has continued to increase. Since mid- March, Bangladesh’s local government has initiated a strict embargo on going tourists places. Hotel and motel owners must discourage tourists from living on their premises. As a result, tourism-related activities have stagnated. In addition, many domestic and foreign flights were canceled to prevent the spreading of virus. The cancellation of flights has exacerbated the current economic situation. In order to prevent the spread of COVID-19, entry visas for tourists from all countries/ regions have been suspended. Since the beginning of the pandemic, the suspension of Chinese transactions due to the COVID-19 epidemic will affect not only China's GDP but also the world economy, as China accounts for about 15% of total GDP and trades with almost all countries. In terms of goods and services, Bangladesh has special trade relations with China. Bangladesh’s total exports to China amounted to $ 861 million, representing 2.2% of total Chinese exports, and imports accounted for $ 15.1 billion, or 34% Impact of COVID-19 on the Economy of Bangladesh 23 Global Journal of Management and Business Research Volume XXIII Issue I Version I Year 2023 ( ) B © 2023 Global Journals