The country’s overdue export earnings increased significantly in the last few months due mainly to the recent spates of political violence in the country, said officials of Bangladesh Bank. The exporters failed in shipping their products according to the delivery date in the last few months because of frequent shutdowns called by the opposition
political unrest
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.
Private sector credit growth nosedives below 13pc
Credit growth in the private sector declined to below 13 per cent in March on year-on-year basis for the first time since the financial year 2009-10 due mainly to recent political unrest, said economists, businessmen and bankers. They said that such low credit growth in the private
US concerned on factory tragedies, political unrest
The United States has expressed concern over recent tragedies in factories in Bangladesh as well as political violence and reported rights abuse by members of the Rapid Action Battalion (RAB). The concern was expressed by US Ambassador to the United Nations Human Rights Council (UNHRC) Eileen C Donahoe during the hearing on human rights issues ... Read more
Unrest may push down apparel export by 30-40pc: sector leaders
Apparel sector leaders on Tuesday said that the sector was now in a sever crisis of existence due to the ongoing confrontational politics. Expressing deep concern over the political turmoil they said if the situation continued the export order for spring and summer might decrease by 30-40 per cent
NSC sales pick up as political unrest hurts investment in other sectors
Breaking a six-month downtrend, the investment in the national savings certificates increased significantly in the last three months as investment opportunity in the other sectors was squeezed in the period due to political unrest, said officials of the Directorate of National Savings. According to the DNS data released on Tuesday,
Dev partners meet unlikely for political unrest
The crucial meeting of the Bangladesh Development Forum (BDF), a platform of the development partners of Bangladesh, is unlikely to be held at the end of April as scheduled because of the ongoing political unrest, sources at the Economic Relations Division (ERD) told The Independent. Expressing dismay over the uncertainty about holding the BDF meeting,
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
Revenue shortfall rises further to Tk 4,800cr in July-March
Shortfall in revenue collection by the National Board of Revenue further increased to Tk 4,800 crore in the first nine months of the current fiscal year due mainly to political unrest over the last few months and overall economic slowdown in the country, officials said. The NBR’s revenue collection deficit has been
Unrest hinders market dev, buyers losing confidence: BGMEA chief
Md Atiqul Islam, the newly elected president of Bangladesh Garment Manufacturers and Exporters Association, talks about the prospects and challenges of the RMG sector and the impacts of the ongoing political unrest on the industry in an interview with New Age. He also describes what would be the role of the new leadership
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
Banking sector reeling from political unrest
The country’s banking business has severely been affected due to political unrest and frequent shutdowns in the last few months, said top executives of some commercial banks. They said that both collection of deposits and disbursement of loans had decreased alarmingly amid lower presence of clients in the bank due to the unrest.