Sunday, November 17, 2024

Posh hotels bear the brunt of political unrest

Guest occupancy drops sharply Hundred of foreigners mainly businessmen have vacated Dhaka with the beginning of yet another round of general strikes called by the mainstream opposition parties. City’s posh hotel operators told New Age that occupancy rate by the foreign guests and other events had reduced to half since last month.

Prolonged unrest is weighing on ecomonic growth: Moody’s

The ongoing political unrest and violent general strikes are weighing on Bangladesh’s economic growth by heightening the vulnerability and threatening to derail reform progress, said Moody’s in its latest credit outlook. The US-based credit rating agency in the report released on Thursday said the GDP growth of the country would fall to 5.9 per cent ... Read more

Retail businesses passing through tough time

Retailers are passing through tough time as sales at their shops have almost halved due to the current political unrest and frequent general strikes, shop owners said. They said most of the small businessmen were forced to meet their operational cost with capital fund in recent weeks as they had failed to make any profits ... Read more

Oil-gas body observes strike today

The national committee to protect, oil, gas, mineral resources, power and ports observes a general strike in the capital for six hours today to press home its seven-point demand including cancellation of the deals signed with ConocoPhillips for the exploration and extraction of gas in two offshore gas fields. Leaders of the organisation at a ... Read more