Russia-Ukraine war
After energy, LC opening crisis now cripples businesses
At the beginning of 2022, businesses were upbeat and many of them thought that the worst stemming from the losses induced by the coronavirus pandemic was finally over. That was short-lived.
RMG export to Russia drops sharply
Even a year ago before the start of the Russia-Ukraine war, Rajiv Chowdhury, managing director of Young4ever Textiles, used to ship T-shirts and polo shirts worth $1 million to Russia as the market was opening up for local exporters.
After energy, LC opening crisis now cripples businesses
At the beginning of 2022, businesses were upbeat and many of them thought that the worst stemming from the losses induced by the coronavirus pandemic was finally over. That was short-lived.
Plight of small businesses only deepens
Mohammad Sohel was dusting off the shelves in his shop at the Muktijoddha Supermarket in Mirpur 1 on Wednesday afternoon as no shopper was present. In fact, he did not record any sales on the day although some shoppers did turn out.
RMG export growth slows in US, EU for global uncertainty
The growth of garment shipment to the US and the European Union declined in July-December as consumers in the two largest export destinations of Bangladesh have remained concerned about the persisting economic uncertainty for the raging Russia-Ukraine war.
Living another year dangerously
2022 has been a year of great uncertainty when it seemed the world perilously reached the brink of self-destruction – be it human-induced climate change or military conflict.
Accepted party leadership considering volatile global economy: Hasina
Prime Minister and Awami League President Sheikh Hasina yesterday said she accepted leadership of the party this time considering the volatile global economic situation.
Major world events of 2022
It was a year when death came abruptly to what otherwise were days of communal celebrations; when Britain lost a queen and Japan, its former premier; when inept leaders – corrupted by hubris – fell; and when nature again refused to be ignored. It was a year of another devastating war in Europe.
Export stands out in turbulent year
Bangladesh's export sector showed its prowess in 2022 despite the devastating Russia-Ukraine war, unprecedented freight costs, energy crisis, record inflation and a risk of a recession that loomed throughout the outgoing year.
2022: a year of revival, struggle and resilience
Bangladesh welcomed 2022 on a strong footing and was about to recover from the coronavirus pandemic in full swing and fire on all cylinders. In fact, economic activities were almost back to the pre-Covid level.
Food crisis again in the spotlight
FAO warning sums up a troubling time marked by a rise in food insecurity, poverty