Receiver appointments deepen industry crisis
Receiver appointments deepen industry crisis

There are numerous precedents for appointing receivers in industrial establishments in the country in the aftermath of various events. However, unfortunately, in almost every case, the outcome has been unfavorable. Many once-established industrial groups have turned into moribund enterprises after...

Entrepreneurs targeted by resentment
Entrepreneurs targeted by resentment

The Bangladesh Bank or the Financial Intelligence Unit (BFIU) cannot appoint a receiver to any business entity on its own. If a receiver needs to be appointed, it requires a lengthy process. However, in recent days, several media outlets have reported that receivers have been appointed to 10...

Misinformation, media trials cripple businesses
Misinformation, media trials cripple businesses

Businessmen continue to face numerous challenges, exacerbated by media outlets that spread false information about various businesses and financial institutions. Critics argue that these unfounded rumors and fabricated statements constitute a form of media trial. The medias intense scrutiny of...

Business owners struggle to bounce back from losses
Business owners struggle to bounce back from losses

Following the StudentPeoples uprising that resulted in the collapse of Sheikh Hasinas government, extensive violence erupted throughout the countrys industrial sector. Several factories in Gazipur, Narayanganj, Ashulia, and Savar were vandalized and set on fire. This halted production and...

Bangladesh experienced 3.53% decrease as EU import drops 3.63%
Bangladesh experienced 3.53% decrease as EU import drops 3.63%

The European Unions apparel imports saw a 3.63% decline from January to August 2024 compared to the same period in 2023, reflecting a broader global trend of reduced apparel consumption. According to the latest data, total imports dropped from US$ 61.56 billion to US$ 59.32 billion....

BGMEA turned into a power factory for pro-AL people
BGMEA turned into a power factory for pro-AL people

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) had become the power factory to grab the position of ministers, MPs, mayors and other partisan posts by showing submissiveness to Awami Laegue (AL) in last 15 years. There was a strong allegation that the leaders of BGMEA had abused...

Labour unrest caused $400m loss in RMG industry: BGMEA
Labour unrest caused $400m loss in RMG industry: BGMEA

The garment sector has suffered a production loss of nearly $400 million due to the recent labour unrest in September and October. Work orders from international clothing retailers and brands are beginning to return as normalcy is restored in the sector, said Khandoker Rafiqul Islam, president...

Hasina continues to stay in India: MEA
Hasina continues to stay in India: MEA

Former prime minister Sheikh Hasina continues to stay here in India, according to the Ministry of External Affairs (MEA). She had come here on short notice. No change in her status. She continues to stay here, MEA spokesperson Randhir Jaiswal told reporters at the weekly media briefing in New...