The inflow of work orders from international clothing retailers and brands to Bangladesh has slowed because of the persistently higher cost of living in the western world and a pile-up of apparel stocks at stores.
There are at least three laws and as many government bodies to protect the consumers from price manipulation, but it goes on unabated due to lax enforcement of the laws and a lack of coordination among the government organisations, say commodity experts.
Moscow said it would not oppose prolonging the so-called Black Sea Grain Initiative aimed at easing the global food crisis
Bangladesh should brace for the upcoming complex challenges and take precautions accordingly.
Famed war correspondent John Pilger discusses the Russia-Ukraine war.
Mehedi Hasan Mohon knew his life would never be the same when the Russia-Ukraine war began a year ago.
In the end, it was a war that began some 5,800 kilometres away a year ago that laid bare the longstanding weaknesses of the Bangladesh economy.
Despite European, North American and Japanese companies exiting Russia over its actions in Ukraine, the impact on Russian consumers is minimal, although delivery times can be longer and some goods more expensive
The private sector’s foreign debt decreased by 4.3 per cent, or more than $1 billion, in the second quarter of the current fiscal year following Bangladesh Bank’s strict measures to control imports.
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.
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.
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.
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.
Prime Minister and Awami League President Sheikh Hasina yesterday said she accepted leadership of the party this time considering the volatile global economic situation.
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.
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.
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.
FAO warning sums up a troubling time marked by a rise in food insecurity, poverty
Good morning. If you are wondering about the global economy and Bangladesh’s 2023 outlook then you know famine has been a hot topic in the news. Tune into our Viewsroom discussion on whether there is an actual possibility a famine. Elsewhere, Donald Trump has announced his third run for presidency. And here are other quick things to know as you start your day.