Although Bangladesh became the first country in the world to announce a complete ban on the use of polythene bags in 2002, strict enforcement of the much-lauded initiative has only started taking shape recently.
After two years of sluggish business, local furniture makers saw a slight improvement in sales in June, only to meet with nationwide student protests culminating in a fierce anti-government campaign that ultimately ousted the Awami League regime in early August.
Real estate developers in Bangladesh participating in REHAB Fair-2024 were unsure of the event’s potential outcome until yesterday, when the sparse presence of visitors, let alone potential buyers, gave a reality check of the persistent economic challenges.
Like last year, there is a good demand for electricity-run residential water heaters, locally known as geysers, since the coming of winter this year thanks to changing lifestyles in semi-urban and urban areas and affordable prices, according to industry insiders.
After a four-month lull, US dollar prices made an abrupt jump in December, making imports more expensive and pushing up business costs.
Bangladesh’s synthetic and athletic footwear exports have been growing rapidly, emerging as a bright spot in the country’s export basket, which is heavily dominated by readymade garments.
Bangladesh has long been hungry for foreign direct investments (FDI) but that has also been coupled with the outflow of funds through local companies seeking to generate business abroad.
Investment barriers at the National Board of Revenue (NBR) and the Office of the Registrar of Joint Stock Companies and Firms (RJSC) must be addressed immediately to bolster investor confidence and increase investment growth, according to experts and top business leaders.
Although Bangladesh became the first country in the world to announce a complete ban on the use of polythene bags in 2002, strict enforcement of the much-lauded initiative has only started taking shape recently.
After two years of sluggish business, local furniture makers saw a slight improvement in sales in June, only to meet with nationwide student protests culminating in a fierce anti-government campaign that ultimately ousted the Awami League regime in early August.
Real estate developers in Bangladesh participating in REHAB Fair-2024 were unsure of the event’s potential outcome until yesterday, when the sparse presence of visitors, let alone potential buyers, gave a reality check of the persistent economic challenges.
Like last year, there is a good demand for electricity-run residential water heaters, locally known as geysers, since the coming of winter this year thanks to changing lifestyles in semi-urban and urban areas and affordable prices, according to industry insiders.
After a four-month lull, US dollar prices made an abrupt jump in December, making imports more expensive and pushing up business costs.
Bangladesh’s synthetic and athletic footwear exports have been growing rapidly, emerging as a bright spot in the country’s export basket, which is heavily dominated by readymade garments.
Investment barriers at the National Board of Revenue (NBR) and the Office of the Registrar of Joint Stock Companies and Firms (RJSC) must be addressed immediately to bolster investor confidence and increase investment growth, according to experts and top business leaders.
Bangladesh has long been hungry for foreign direct investments (FDI) but that has also been coupled with the outflow of funds through local companies seeking to generate business abroad.
The business community had to toe the government line during the Awami League rule of the past 15 years, Mohammed Amirul Haque, managing director of Premier Cement Mills, told The Daily Star in an interview recently.
Says Ashik Chowdhury, head of government’s key investment promotion agencies BIDA, BEZA
