As global interest rates continue to rise, Bangladesh faces a considerable increase in its foreign debt servicing liabilities. To compound the challenge, an internal calculation by the Economic Relations Division (ERD) reveals that the government is expected to see a $1.5 billion decline in net financing from external sources next fiscal year and $2 billion…
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Prime Minister Sheikh Hasina’s ICT Affairs Adviser Sajeeb Wazed Joy said Awami League (AL) brought back democracy in the country by confronting the violent claws of dictator-extremists. He wrote this in a facebook post from his verified account today along with uploading a video content. “After wresting victory from the Pakistanis in 1971, Bangladesh struggled…
Ministry of Public Administration has announced a general holiday along with restrictions on vehicular movement during the by-election in some parts of Gulshan, Banani, Baridhara, and Cantonment areas Voter turnout has been low as voting started for the Dhaka-17 by-election at 8am today using ballots. Voting will continue till 4pm on Monday (17 July). Only…
Dengue cases were on the rise at the Rohingya camps in Cox’s Bazar, with 619 Rohingyas being infected with the mosquito-borne disease here in 24 hours till Monday morning. According to Cox’s Bazar civil surgeon’s office, out of the 668 people that were admitted to different health centres in the district during the period, only…
Faltering footwear, leather industries: Why Bangladesh fails to capitalise on raw material advantage
Bangladesh lags far behind its economic peers in footwear and leather product exports, exposing the country’s insufficient focus on a sector that possesses a key advantage – regular access to the main rawhide – which its competitors lack. For instance, Bangladesh, despite having started footwear and leather product exports earlier than Vietnam, lags significantly behind…