High inflation – Low reserve – Weak currency risk spiral of economic downturns in Bangladesh
Bangladesh’s currency, the Taka or BDT, continues losing value, most rapidly since May 2022, when it was traded at 90.09 for one …
50% of Bangladesh’s Businesses are at Credit Default Risk
Business leaders have urged the government of Bangladesh to extend the moratorium facility on loan instalments at least until June this year. The businesses made the demand at a meeting of the Council of Chamber Presidents-2022 on Saturday. The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) arranged the meeting in Dhaka, reports UNB. […]
Delays and delivery default risks unavoidable
Sustainability Compact achievements may be categorised in Technical and Legislative achievements. Technical Achievements: Out of more than 7,000 factories, as of March 2017 approximately 1,580 factories have been inspected and 55 terminated by the Accord on Fire and Building Safety in Bangladesh for reasons of workplace safety. The Government of Bangladesh, in collaboration with the ILO […]
Back to Black Tiger as Profits Plunge
Whiteleg or Vannamei shrimp was introduced to India in 2009 in an almost wholesale shift from traditional Black Tiger shrimp farming, raising high hope for farmers and investors promising high yield, profitability and disease resilience. This enabled India to gain better market access in the USA ranking it as top exporter of shrimp in the […]
Bangladesh’s “Ease of doing business Index” Ranking dilemma!
The highest ranking official of the foreign investment promotion and supervision authority of Bangladesh, the Bangladesh Investment Development Authority (BIDA), does not …
Opportunities beyond clothing in Bangladesh
Bangladesh no longer requires introduction as global sourcing hub for major clothing brands of the world. The fierce suppression of the FOB …
Weak NBFIs in Bangladesh barred from paying dividend
Stocks of non-bank financial institutions (NBFI) dropped by about 1.5 per cent yesterday, a day after the central bank’s banned them from …
Japan fails to secure VAT Exemption for JICA funded project in Bangladesh
Japan government’s hard fought prestigious Matarbari Power Plant Project in Bangladesh is in a dilemma over exemption of Value Added Tax (VAT) for the construction of …
Bangladeshi RMG manufacturers chocking as orders fell by 30%
($1 = 0.7325 pounds; $1 = 0.8315 euros) Bangladeshi Ready-Made-Garment (RMG) manufacturers and related industries are chocking from poor cash flow mainly …
Non-performing loans may increase as recovery remains slow
Loans to the vulnerable sectors in Bangladesh such as garment, textile, cement and tanneries will face significant pressure as they are yet …