Key imports fall, painting bleak outlook for investment, jobs
Bangladesh’s imports of capital machinery, industrial raw materials, and intermediate goods fell for a second consecutive fiscal year, reflecting the depressed state of private investment and bleak prospects for new jobs.
25 August 2024, 18:00 PM
Govt cancels MoU with S Alam for modernising state sugar mills
A memorandum of understanding (MoU) signed between the Bangladesh Sugar and Food Industries Corporation (BSFIC) and S Alam & Co, aimed at modernising ailing state-run sugar mills, has been cancelled by the government.
24 August 2024, 18:00 PM
Floods cripple key transport highway for third day
Transport activities, including movement of imported goods and those meant for exports, have been halted since Thursday as the Dhaka-Chattogram highway, the lifeline of the country’s economy, has been submerged by flash floods brought on by heavy rainfall and the rush of water from upstream.
24 August 2024, 18:00 PM
‘End facility bias favouring RMG’
The interim government’s first task should be to address the disparity in government facilities between readymade garment (RMG) and non-RMG sectors to facilitate export diversification, according to one of the leading exporters of leather shoes.
23 August 2024, 18:00 PM
Export diversification still a far cry
Although the need to diversify Bangladesh’s export basket has been a subject of great discussion for more than two decades, there has been little progress in this regard.
23 August 2024, 18:00 PM
3 factories in Bangabandhu Shilpa Nagar start exports
Three firms in the Bepza economic zone inside Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram have started operations and exports, according to sources at Bangladesh Export Processing Zones Authority (Bepza).
18 August 2024, 18:00 PM
Korean EPZ: A modern facility draped in greenery
Our journey to the Korean Export Processing Zone (KEPZ), an eco-friendly industrial area in Chattogram, began on a sunny morning.
16 August 2024, 18:00 PM
Long-haul bus operators still in a tight corner
Although long-haul bus services in Bangladesh resumed five days ago, the number of passengers is still low as people are avoiding travel due to security concerns, according to industry insiders.
14 August 2024, 18:00 PM
Paint industry investing in eco-friendly products
Paint companies are increasingly investing in developing new products, particularly those with a low environmental impact, according to Mohsin Habib Chowdhury, the chief operating officer of Berger Paints Bangladesh Limited.
11 August 2024, 18:00 PM
Businesses hit by drought of cash supply
Businesses in Bangladesh, especially those that mostly deal with cash transactions, yesterday said they are contending with a liquidity crunch as the country’s central bank has placed a limit on daily cash withdrawals from banks.
11 August 2024, 18:00 PM
Businesses pick up the pieces
Economic activities are finally returning to normal after three weeks of upheaval as both garment and non-garment factories started operations in full swing yesterday, according to industry insiders.
10 August 2024, 18:00 PM
Holiday destinations devoid of tourists for security concerns
Hotels, resorts and motels in the country’s holiday destinations are lying idle for a lack of tourists amidst the deterioration of law and order since Sheikh Hasina resigned from the post of prime minister on August 5 in the face of a mass uprising.
8 August 2024, 18:00 PM
Factories yet to start running in full swing for a lack of security
Factories are yet to start running in full swing for a lack of law and order since Sheikh Hasina resigned from the post of prime minister three days ago in the face of a mass uprising.
7 August 2024, 18:00 PM
High inflation, banking crisis are key hurdles for new govt: analysts
The interim government’s immediate duty will be to address inflation and repair weak financial institutions as it seeks to rebuild the economy, according to experts.
5 August 2024, 18:00 PM
Transport operators dealt a fresh blow
Transport of passengers and export-import goods began to suffer again yesterday as most vehicles avoided plying roads amid a new wave of violence surrounding the students’ non-cooperation movement.
4 August 2024, 18:00 PM
Unrest hits retail sales hard
Malls and markets in Dhaka and other major cities have been hit hard by spiralling unrest across the country following the deaths of over 200 people, including students, during the quota reform movement in recent weeks.
3 August 2024, 18:00 PM
Apprehensions rife over future exports
The ongoing unrest and curfew have raised apprehensions over Bangladesh’s future exports on the back of data corrections by Bangladesh Bank showing that almost all major sectors suffered a drop in shipments last fiscal year.
1 August 2024, 18:00 PM
Shipping woes cripple non-RMG exporters
Although the plight of the readymade garment (RMG) sector has stolen the limelight, non-RMG industries have also witnessed unprecedented shipment woes, including cancellation of bookings, due to the upheavals over the past week.
29 July 2024, 18:00 PM
Internet outage, curfew leave foreign investors in a bind
Violence centring the quota reform movement as well as a five-day internet blackout and the ongoing curfew has shaken foreign investors’ confidence in Bangladesh, tarnishing the country’s image as a reliable investment destination.
27 July 2024, 18:00 PM
Tourism jolted by curfew
Zahra Mayeesha, a 26-year-old private job holder, was preparing to return to Dhaka from a two-day vacation to Sreemangal with her husband on July 16.
25 July 2024, 18:00 PM