Bangladesh’s construction sector, one of the country’s largest sectors, is reeling from a sharp contraction in public project implementation and spending, underscoring growing stress across the broader economy, according to industry insiders and analysts.
This net inflow was 114 percent higher than the $403 million recorded in the same period a year earlier.
The country’s private sector remains hamstrung by red tape, political uncertainty, and rising costs, all of which pose a serious threat to economic progress, according to Mohammed Amirul Haque, founding managing director and chief executive officer of Premier Cement Mills Limited.
Bangladesh’s exporters fear losses as India has barred the import of several products—including some jute items—through land ports, threatening crucial trade flows and millions of dollars in earnings.
Bangladesh's delicious mangoes: untapped economic potential, requiring a national strategy
Bangladesh’s non-leather footwear sector is emerging as a steering force in the country’s export landscape, driven by global shifts in consumer preferences, strong manufacturing capacity, and competitive pricing
Bangladesh must urgently adopt a strategic, reform-driven foreign direct investment (FDI) policy by removing existing barriers to attract and retain investment to remain competitive in the region, experts suggest.
Non-leather footwear exports rose 30.25% in the first 11 months of the current fiscal year
Despite the raging global economic crisis, Bangladesh’s leather and leather products sector witnessed a 17.56 per cent year-on-year growth in export earnings in the first five months of the current fiscal year on the back of orders shifting away from competitors.
Walton Digi-Tech Industries Ltd, a concern of Walton Group, has launched Bangladesh’s maiden electric bike in the market, jumping on the bandwagon of a global shift towards eco-friendly transportation.
Industrial demand for liquefied petroleum gas (LPG) has shot up around threefold in the past couple of months, which market insiders believe resulted from industries trying to reduce their reliance on diesel for a hike in its price.
When Bangladesh embarked on a journey to set up 100 economic zones across the country in 2015, the government’s aim was to attract both foreign and local investments as it looks to accelerate industrialisation, create one crore jobs and export $40 billion worth of goods and services from the enclaves in the next 15 years.
Nearly half a year ago, farmers harvested the dry Boro season paddy. Then they took home Aus season paddy in August. And now, they are harvesting rain-based Aman season paddy and preparing to cultivate the next season’s Boro paddy.
The government should expand social safety net programmes immediately to support the people reeling under escalated food prices, said Selim Raihan, executive director of the South Asian Network on Economic Modeling (Sanem).
Firms, both local and foreign, have put on hold their investments in Bangladesh owing to the surge in the dollar price, the energy crisis, the escalated cost of production, and the deep uncertainty caused by the Russia-Ukraine war.
Twelve private economic zones in Bangladesh have received good responses from investors drawing investment proposals involving $4.27 billion from local and foreign entrepreneurs in the past six years.
Initiatives expected over the manufacture of automobiles in Bangladesh is yet to become visible in spite of the unveiling of a policy by the government for the first time in 2021 to develop the sector.
Reconditioned car imports surged by more than 75 per cent year-on-year in July-October despite the ongoing economic uncertainty and the government’s efforts aimed at discouraging the purchases of luxury items from external sources, traders say.
