Prime Minister Tarique Rahman launched a startup platform on Tuesday and pledged government support for young entrepreneurs seeking to build businesses and create jobs.
Torrential overnight rain and showers on July 12 flooded markets across Dhaka, forcing closures and damaging merchandise.
Bangladesh’s merchandise exports fell by about 7% in May, ending a short-lived rebound after months of decline, according to updated figures from the Export Promotion Bureau.
Seasonal leather traders in Bangladesh say they are facing heavy losses as cow hides sell for 50 to 700 Taka, about 41 cents to $5.70, at Rajarhat, the largest leather market in the southwest.
Flooding and waterlogging have damaged thousands of hectares of Boro paddy fields in Netrokona, affecting more than 77,000 farmers across the district, according to local agriculture officials.
January saw Bangladesh receive a nine-month high of $3.17 billion in remittances, up 45% from the same month last year, according to central bank data.
Bangladesh outlined plans for its first free trade zone on 600 to 650 acres in Anwara, Chattogram, aiming to support storage, manufacturing and re-export operations without standard customs procedures. Officials said the concept is inspired by Dubai’s Jebel Ali Free Zone, which spans more than 14,000 acres.
U.S. Ambassador Brent Christensen pledged cooperation to modernise Chittagong Port and welcomed U.S. interest in building a cold chain industry there to store imported refrigerated containers, the port authority said.
Bangladesh approved the allocation of about 850 acres in Mirsarai for a new Defence Industrial Zone intended to expand domestic military production and attract global defence manufacturing investment. The decision was made Monday at a governing board meeting of the Bangladesh Economic Zones Authority (BEZA) chaired by chief adviser Mohammad Yunus.
Bangladesh’s labor productivity has declined over the past three decades, raising concerns among economists about the country’s ability to generate stable jobs and lift incomes. CEIC data shows annual labor productivity growth averaged minus 0.33 percent from December 1992 to December 2024. In December 2024, productivity fell 2.42 percent from a year earlier, underscoring the […]
