The electronics and home appliance sector in Bangladesh is facing one of its most challenging periods in recent years due to inflation, currency devaluation and declining consumer spending on non-essential items.
If the macroeconomic stress does not ease soon, these small ventures, which contribute 32 percent of the country's GDP and employ 85 percent of the industrial workforce, face closure.
Mongla port, the second largest seaport in Bangladesh, witnessed a sharp decline in container handling throughout the first seven months of the current fiscal year (FY), with growing economic constraints eroding business activities in the country.
The business world often thrives on boldness, but in Syed Manzur Elahi, Bangladesh found something more: a quiet fortitude, a moral compass, and an entrepreneurial mind that always seeks to build.
Syed Manzur Elahi was one of Bangladesh’s most distinguished industrialists and entrepreneurs.
Bangladesh requires around 100,000 new apartments every year. Despite having the capacity to meet this demand, realtors can only supply 8 percent of the required units, leaving a substantial gap.
Although the interim government is focusing on reforms and new measures, corruption remains a major concern for businesses. Instead of waning, demands for undue payments by public officials have increased in some cases, said a top industrialist.
Bangladesh’s investment-to-GDP ratio declined by 0.25 percentage points to 30.70 percent in the fiscal year (FY) 2023-24, according to official data, signalling a potential slowdown in future economic growth.
The electronics and home appliance sector in Bangladesh is facing one of its most challenging periods in recent years due to inflation, currency devaluation and declining consumer spending on non-essential items.
Mongla port, the second largest seaport in Bangladesh, witnessed a sharp decline in container handling throughout the first seven months of the current fiscal year (FY), with growing economic constraints eroding business activities in the country.
If the macroeconomic stress does not ease soon, these small ventures, which contribute 32 percent of the country's GDP and employ 85 percent of the industrial workforce, face closure.
The business world often thrives on boldness, but in Syed Manzur Elahi, Bangladesh found something more: a quiet fortitude, a moral compass, and an entrepreneurial mind that always seeks to build.
Syed Manzur Elahi was one of Bangladesh’s most distinguished industrialists and entrepreneurs.
Bangladesh requires around 100,000 new apartments every year. Despite having the capacity to meet this demand, realtors can only supply 8 percent of the required units, leaving a substantial gap.
Although the interim government is focusing on reforms and new measures, corruption remains a major concern for businesses. Instead of waning, demands for undue payments by public officials have increased in some cases, said a top industrialist.
Bangladesh’s investment-to-GDP ratio declined by 0.25 percentage points to 30.70 percent in the fiscal year (FY) 2023-24, according to official data, signalling a potential slowdown in future economic growth.
Local air conditioner (AC) manufacturers in Bangladesh are pushing for “fair” government procurement policies, arguing that existing rules favour foreign brands despite local companies meeting global standards.
Over the last several years, Ahsan, a rickshaw puller in his 50s, has been eagerly waiting for relief from the high prices of food and other essentials. Days and months have passed, but his pursuit of a better living by escaping the curse of elevated inflation has remained a distant dream.
