Economy
More internet disruptions till 6:00pm
Internet connectivity in Bangladesh will face partial disruptions for 12 hours today due to the maintenance of a submarine cable. That comes on top of the country’s already slow internet speed.
Is Islamic finance facing headwinds?
Rabiul Islam, a practising Muslim who works at a private organisation, refrained from conventional banking services for many years as both paying and receiving interest are against his religious principles.
Tourism jolted by curfew
Zahra Mayeesha, a 26-year-old private job holder, was preparing to return to Dhaka from a two-day vacation to Sreemangal with her husband on July 16.
Current account deficit narrows
Bangladesh’s current account deficit dropped by half year-on-year to stand at $5.98 billion in the 11 months till the end of May of fiscal year 2023-24 as imports fell in tune with Bangladesh Bank’s (BB) measures amidst a US dollar crisis.
Remittance collection disrupted
The internet blackout for five days has affected remittance collection through banks and mobile financial services (MFS), which may put pressure on the country’s foreign exchange reserves.
RMG exporters in a race against time to offset losses
Local apparel exporters are in a frantic race to recover the losses they incurred during the latest spell of violence centring the quota reform movement and nationwide curfew, with international retailers and brands pressuring them to ensure timely delivery of goods.
Stocks bounce back after a dip
Stocks in Bangladesh bounced back yesterday after falling by a large margin on the previous day.
Govt may waive rent for delayed delivery of imported goods
State Minister for Shipping Khalid Mahmud Chowdhury gave the assurance today
NBR for manual assessment of perishables
The National Board of Revenue (NBR) has recently instructed customs to release imported perishables, food, chemicals and industrial raw materials through manual assessments to keep supply chains and factories operational
Internet blackout intensifies port congestion
Container congestion turned acute at the Chattogram port on July 22 as deliveries remained suspended for a second consecutive day for operational complexities caused by an ongoing internet blackout and a lack of transportation facilities
What does the traffic disruption on the Dhaka-Ctg highway mean for the economy?
A huge number of industrial establishments have been built along the highway, hoping to capitalise on the connectivity to the country’s largest seaport in Chattogram
Drug production, supply take a hit
Production and distribution of medicine have been disrupted for the last four days due to violence since the beginning of the quota reform movement and associated curfew imposed by the government, drug makers said on July 22
Garments start to be gradually reopened
Garment and textile factories started to be gradually reopened today on being kept shut for four days
Business takes a hit from acute port congestion
Import and export activities as well as cargo and container delivery were also seriously disrupted at the country's largest seaport due to a nationwide internet blackout since July 18
Ports, transports at a standstill
Export and import activities suffered severe disruptions for the third day on July 20 amid transport problems because of violence centring the quota reform movement and internet shutdown by the government.
Internet blackout wallops life and living
A countrywide internet blackout dealt a massive blow to the lives of Bangladeshis, upending their digital lifestyle and leaving many businesses staring at huge financial losses.
Let factories run, restore internet
Production and shipments are dependent on strict lead times set by international clothing retailers and brands, yet the factories have had to be kept shut for the past three days
Fresh blow to the fragile economy
The countrywide shutdown and subsequent violence centring the quota reform movement crippled business and economic activities for the last three days, dealing a further blow to an economy that is already ailing due to high inflation, falling exports and depleting forex reserves.
