Credit growth in the private sector dropped further in April due mainly to the recent spates of political turmoil, gas and electricity shortage in the industrial units, and high interest rate on banks’ lending, said officials of Bangladesh Bank. According to Bangladesh Bank data released on Thursday,
political turmoil
BNP warns govt against political confrontation
Senior BNP leader Khandakar Mosharraf Hossain on Monday warned the government against indulging in “politics of confrontation”. “The ruling Awami League wants to cling to power forcibly. In a bid to make its mission a success, it is trying to fish in troubled waters. It will be solely responsible if the politics of confrontation takes place ... Read more
15 RMG units incur $3.31m loss for political turmoil
Fifteen garment factories incurred loss of $3.31 million due to the country’s ongoing political instability, mainly frequent strikes, showed an assessment survey. The political turmoil is taking heavy toll on the readymade garment sector as the entrepreneurs are incurring huge loss from order cancellations, discounts,