The recent shutdown has significantly impacted Bangladesh's economy with over $10 billion and climbing in estimated losses, according to the Foreign Investors Chamber of Commerce & Industries (FICCI)

Total foreign debt servicing, including repayment of the principal amount as well as interest, rose to $3.35 billion in financial year 2023-24 from $2.67 billion in 2022-23.

Salman F Rahman says in a meeting with business leaders

The move was taken to boost remittance inflow

The DSEX edged down 0.55 percent

Earlier, Palak accused these platforms of not complying with Bangladesh’s laws

The DSEX lost 0.11 percent in the first hour

Bankers are dreading a big drop in their profits as their defaulted loans are likely to increase further due to the curfew and the five-day internet blackout.

As traffic movement on highways resumed following the relaxation of the nationwide curfew imposed by the government, fuel transportation from depots to filling stations started in full swing on Wednesday.

The students’ movement for reforming the quota system in public jobs and the subsequent violence and curfew have adversely affected businesses, said Helal Uddin, president of Bangladesh Shop Owners Association.

Bangladesh’s burgeoning online food delivery sector has been severely hit by the internet disruptions, bringing operations of the platforms to a near halt.

Bangladesh is unlikely to fulfil the revenue collection target set by the International Monetary Fund (IMF) as part of its conditions for the fourth tranche of a $4.7 billion loan programme.

The garment and textile millers kept factories open on last Friday in an effort to meet the sharp deadline set by their international retailers, as the latest weeklong countrywide violence ate up four vital days of their peak production season.

Violence centring the quota reform movement as well as a five-day internet blackout and the ongoing curfew has shaken foreign investors’ confidence in Bangladesh, tarnishing the country’s image as a reliable investment destination.

Containers got piled up in five layers instead of four

Internet connectivity in Bangladesh will face partial disruptions for 12 hours today due to the maintenance of a submarine cable. That comes on top of the country’s already slow internet speed.  

Rabiul Islam, a practising Muslim who works at a private organisation, refrained from conventional banking services for many years as both paying and receiving interest are against his religious principles.

Stocks in Bangladesh bounced back yesterday after falling by a large margin on the previous day.

Local apparel exporters are in a frantic race to recover the losses they incurred during the latest spell of violence centring the quota reform movement and nationwide curfew, with international retailers and brands pressuring them to ensure timely delivery of goods.

The internet blackout for five days has affected remittance collection through banks and mobile financial services (MFS), which may put pressure on the country’s foreign exchange reserves.