Lending from offshore units of banks in Bangladesh has declined amid the ongoing foreign exchange crisis, leaving the segment in a fragile situation.

“Brother, please take at least four bananas. If not, my family will have to go without food. They are already starving,” said Shukkur Ali while pleading with this reporter to make a purchase.

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.

The risk of violence amidst a political crisis that culminated in the resignation of Prime Minister Sheikh Hasina yesterday disrupted supply chains of essential food commodities, hitting consumers, traders and farmers.

Garment exporters are expecting a strong recovery in exports and business as normalcy is being gradually restored with the changing political scenario.

Bangladesh has no time to spare when it comes to ensuring the stability of the economy, which has fallen into a crisis mainly due to the absence of democracy for over a decade.

The BGMEA took the decision today in an emergency meeting

The executive committee members of the trade body will took part in the meeting

1,175 TEUs of containers were released from the port today, down from the regular 8,000 TEUs

Major indices of the stock market in Bangladesh took a steep dive yesterday, hitting a three-year low as investors started offloading shares in fear that the country’s economy may deteriorate further amid the ongoing unrest.

Textile millers will keep their production units closed due to the prevailing volatile situation in the country.

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.

Out of fear of vandalism and subsequent losses amid the current spell of violence, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday instructed all the factory owners to keep their units shut until further notice.

China has issued a set of directives aimed at boosting household consumption, a weakness weighing on growth in the world’s second-largest economy, with the plan targeting sectors including child and elder care, and food and beverage.

Banking activities were heavily disrupted yesterday, particularly in Dhaka, amidst violence flaring up on the first day of a non-cooperation movement declared by protesters.

The owners of retail outlets in Bangladesh fear they could incur massive losses due to the ongoing unrest stemming from a student movement seeking the resignation of the government.

The Bangladesh Textile Mills Association (BTMA) announced today that all of its member mills will remain closed for three days due to the prevailing volatile situation in the country

Major indices of the stock market in Bangladesh took a steep dive today, hitting a three-year low as investors started offloading shares in fear that the country’s economy may deteriorate further amid the ongoing unrest

The government announced three-day public holiday from tomorrow

Most vehicles avoided the highway today