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
Foreign investors expect hassle-free, ready-to-use industrial setups, which the country’s leather sector, especially footwear and associated goods, lacks, says Md Saiful Islam, president of the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI).
A top footwear manufacturer is setting up a shoe industrial park, the first of its kind in Bangladesh, to supply import substitute raw materials and accessories to producers, boost exports and attract foreign investment.
Bangladesh’s largest industrial enclave, Bangabandhu Sheikh Mujib Shilpa Nagar, in Mirsarai, Chattogram, finally witnessed the start of operations of its maiden factory last week.
While foreign construction firms are using imported prefabricated modular units of steel in the country’s mega projects, Dhaka Mass Transit Company is using that made locally in the metro rail project, resting assured of their international standard.
The demand for motorcycles with a higher engine capacity is growing among bike enthusiasts in Bangladesh as these models are becoming increasingly safer and cheaper.
The market for particle board is thriving in Bangladesh on the back of the rising demand for timber-alternative furniture and their growing use in interior designing.
High import duties on raw materials are dampening price competitiveness of Bangladesh’s furniture industry, a major drawback to tapping into international markets.
Ice cream manufacturers are enjoying robust sales after launching awareness campaigns on how consuming the sweetened frozen food does not increase the risk of contracting a serious case of Covid-19.
Factory inspection teams have identified fire safety infractions at around 979 units in the past two months.
Bangladesh is unlikely to face any immediate effect for the coal export ban by Indonesia, the world’s biggest thermal coal exporter.
