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The economic impact of the pandemic, sanctions from the war between Russia and Ukraine, inflation, and economic pressures from a shortage of dollars continue to affect businesses. Exports of light industrial equipment such as stainless steel and iron products from Bangladesh declined in the first half of the year compared to the same period last year.
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Businessmen say difficulties in opening letters of credit (LCs) to import raw materials amid a continued dollar shortage have reduced sector exports and reduced output.
Declining investment in the infrastructure sector of various countries around the world during the post-coronavirus period and the current global economic crisis have led to a decline in export volumes.
Thousands of devotees from home and abroad flock to the Turag riverbanks today to participate in the Akeri Munajat, which marks the end of the second stage of Biswai Jutema.
Since Fajr’s prayer to join Akheri Munajat, devotees from surrounding areas began to gather in procession at the venue.
Healthcare costs are about to skyrocket as the production costs of pharmaceutical manufacturing rise by at least 25% following recent gas and power price hikes, according to manufacturers.
The unit price of gas surged almost three times from Tk 11.98 to Tk 30 for large industries, according to a notice issued by the Energy and Mineral Resources Department on Thursday.
According to Anti-Corruption Commission officials, the lack of foreign cooperation, the complexity of the bureaucracy, and the lack of skilled lawyers have slowed the progress of money laundering cases.
For example, since 2018, the ACC has requested information on 24 people’s assets hidden abroad 34 times. To date, no effective response has been received to prosecute the offenders.
India blocked the airing of a BBC documentary that questioned Prime Minister Narendra Modi’s leadership during the 2002 Gujarat riots, saying it was banned from sharing any clips via social media.
The instructions to block the sharing of the clip were issued using emergency powers available to the government under the country’s information technology regulations, government adviser Kanchan Gupta said on his Twitter handle.