Factories closing, stagnation in investment
Factories closing, stagnation in investment

With a growing number of factory closures, Bangladeshs economic outlook is becoming increasingly uncertain; also stagnant investment is signaling a broader crisis. Private sector credit has hit a 42-month low, while rising interest rates and a faltering business environment have dampened both...

12 dead, 3 injured in explosives factory blast in western Turkiye
12 dead, 3 injured in explosives factory blast in western Turkiye

A powerful explosion at an explosives factory in the Karesi district of Balıkesir, western Turkiye, claimed 12 lives and left three others injured on Tuesday, reads a Daily Sabah report. The incident occurred in the factorys capsule production section in the rural Kavaklı neighborhood. The...

50,000 Beximco workers lose jobs, living in despair
50,000 Beximco workers lose jobs, living in despair

The sudden closure of Beximco Groups factories has plunged approximately 50,000 workers into unemployment, leaving them in dire straits. This abrupt job loss has not only affected the workers but also the local landlords, service providers, and shopkeepers who depended on their patronage. In the...

Garment workers block road in Gazipur protesting
Garment workers block road in Gazipur protesting

Garment factory workers in Gazipur are protesting by blocking the Nabinagar-Chandra road in the Tetuibari area under Kashimpur police station. The protest comes in response to injuries sustained by workers in a recent road accident. According to sources from workers, police, and local residents,...

Fire at foam factory in Chattogram contained
Fire at foam factory in Chattogram contained

A fire that erupted at a foam manufacturing factory near Zahur Ahmed Chowdhury Stadium in the Sagorika area of Chattogram has been brought under control. The blaze, which began around 4:45 PM, was quickly contained by five units of the Fire Service within 30 minutes, according to Abdul Aziz, a...

One more RMG factory gets LEED certification
One more RMG factory gets LEED certification

One more readymade garment (RMG) factory of the country has achieved the recognition of the LEED certification this month, raising the number of the LEED certified factories to 230, reports UNB. LEED (Leadership in Energy and Environmental Design) is a globally recognised green building rating...