Industrial production in Bangladesh grew at a slower pace of 8.99 percent in the last fiscal year of 2022-23 as consumer demand dropped amid sustained higher inflation, sluggish export growth and falling imports.

The country’s current account balance stood in positive territory in the first quarter of the current fiscal year due to a sharp slowdown in imports.

Exports earnings fell to $3.76 billion in October, the lowest in 26 months, as shipment of apparel items became the last major victim to the falling global demand as consumers tighten belts amid higher inflation.

The cherry on top is not always as delicious as it beckons you to believe. Those who look up to their leaders as infallible are often too soon disillusioned by their fallacies, double standard and hypocrisy being the most common of them.

Industrial production in Bangladesh grew at a slower pace of 8.99 percent in the last fiscal year of 2022-23 as consumer demand dropped amid sustained higher inflation, sluggish export growth and falling imports.

Six sectors enjoyed around 40 percent of the direct corporate tax expenditures, meaning tax subsidies in the form of rebates, discounts, exemptions and income tax cuts, in fiscal year 2020-21.

Resilience in the banking sector will be affected significantly if the top three borrowers default on their loans, as per the financial stability assessment report of the Bangladesh Bank.

The BGMEA made the call through a letter

A three-day blockade enforced by major opposition parties and protests of garment workers disrupted the supply chain of daily essentials and sent the cost of transport higher, according to industry people and traders.

Vegetable farmers in Bangladesh are among the worst affected by a nationwide blockade that ended yesterday as they were unable to register sufficient sales amid the political unrest.

Fellow economists say at a public lecture organised by the BIDS

Vegetable's wholesale prices in Pabna fell by 50% in the three-day blockade from Oct 31

Opposition Jatiya Party MPs today in parliament raised their voices for protecting the rights of garment workers and increasing their monthly wages

Bangladesh, which usually exports potato, has imported the tuber for the first time for domestic consumption in a frantic effort to curb spiraling prices of the popular vegetable.

Oct's shipment fell to $3.76 billion this year from last year's $4.35 billion

Migrant workers sent home $1.98 billion in October, a four-month high, as banks stepped up efforts to woo more remittance buoyed by a relaxed central bank rule on incentive, a development that is expected to give some relief to a country reeling under the foreign exchange crisis.

Private sector credit growth has slowed in recent months with banks and borrowers adopting a go-slow strategy amidst economic stress and growing apprehensions of a political crisis centring the upcoming parliamentary elections in January.

Political support and a strong Bangladesh Bank are crucial to deal with the challenges, including high non-performing loans (NPLs), in the banking sector, said Mustafa K Mujeri, a former chief economist of the central bank, yesterday.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday expressed concern over ongoing political unrest centring the upcoming parliamentary elections in January.

The World Bank (WB) will disburse funds for the construction of the breakwater and channel of the Bay Terminal Project in the Chittagong Port very soon, World Bank Country Director for Bangladesh and Bhutan Abdoulaye Seck said during a view exchange meeting with leaders of the Chattogram Chamber of Commerce and Industry (CCCI) yesterday.