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Importers seek wider access to loans as currency slides

The devaluation of the taka has squeezed the import capacity of industries, particularly essential commodity importers and exporters ....

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Private sector credit growth drops to single digit

The private sector credit growth in Bangladesh nosedived to single digit in July as both banks and borrowers face multiple challenges amid lingering economic uncertainty at home and abroad and the growing political crisis centring next year’s national elections. ....

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Bangladeshi industries explore renewables as power crisis looms

An ongoing power crisis in Bangladesh – prompted by a gas shortage – is encouraging Bangladeshi industries to slowly transition to renewable energy sources such as solar power. Although Bangladesh marked 100% access to electricity for all people in March 2022, more than 50% of electricity is generated using natural gas. Dwindling gas reserves, alongside […] ....

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Bangladesh's growing RMG exports to India: A way to reduce bilateral trade deficits

India is the world’s second-most populous country, behind China, and its gross domestic product (GDP) is expected to expand at a rate of 9.2% this fiscal. ....

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Bangladesh outdoes China, Vietnam in apparel export growth in US

Bangladesh now ranks third in RMG exports to the US and fetched $5.7 billion from the destination in the first 10 months of 2021 ....

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