The first and second quarters of the outgoing year were fine for the garment exporters as the international retailers and brands were coming up with quite a lot of work orders with the recovery of the global supply chain from the severe fallouts of the Covid-19.

The outgoing year has been an exceptional one for global commodity markets due to the surge in prices triggered by the Russia-Ukraine war and spike in demand following the recovery of economies from the Covid-19 pandemic.

Private energy importers suffered a lot in 2022 alongside government organisations.

2022 is one of the rare years when businesses and the overall economy experienced a mixed environment. Since the beginning of the year, as the pandemic situation was slowly getting better throughout the world, restrictions in goods and people movement were also being lifted deliberately.

As the world was coming out from the COVID-19 induced economic headwinds, 2022 became another unprecedented year for the globe and Bangladesh. We experienced supply line gridlocks, first due to unprecedented global consumer demand resurgence as COVID eased and later due to the Russia-Ukraine war leading to exceptional commodity cost inflation.

The year 2022 has been yet another challenging year. After a vibrant first quarter of economic activities, on the path of strong recovery from global onslaught of pandemic, the world was faced with another strong headwind from the geopolitical fallouts of the Russia-Ukraine war.

Ekramul Haque, a farmer of Lalmonirhat sadar upazila, had leased four acres of land in Harati union back in 2018 to try his hand at growing oranges.

Near term challenges don’t define long term potential

One could not ask for more from Bangladesh at the outset of 2022 as the country rebounded from the coronavirus pandemic-induced lows and people’s two-year struggle appeared to be over finally and they were raring to return to normalcy.    

The government yesterday approved a proposal to buy 2.09 crore litres of soybean oil and 8,000 tonnes of lentils for the upcoming holy month of Ramadan. 

ASM Packall Export Industry has signed an agreement with the Bangladesh Export Processing Zone Authority (Bepza) to invest $4.8 million to establish a garment accessories plant in the Mongla Export Processing Zone (Mongla EPZ).

Once a young boy went to a “Boishakhi Mela” with his father and came upon a vendor selling parrots, which he wished to have dearly.

The Bangladesh Securities and Exchange Commission (BSEC) yesterday approved two exchange traded funds (ETF), namely LB Multi Asset Income ETF and FAM DG Bengal Tiger ETF, which are the first-ever ETF funds in the country.

A staggering three-fourths of households in Bangladesh think they do not need access to the internet as the required data and devices are still too expensive for them, according to a survey by the Bangladesh Bureau of Statistics (BBS).

Pran Dairy, a subsidiary of Pran-RFL Group, was named the top taxpayer in the food and allied category by the National Board of Revenue (NBR) for FY2021-22.

The rising cost of doing business has made it difficult for local entrepreneurs to survive in the global competition, according to the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

This was supposed to be the comeback year for the world economy following the Covid pandemic.

Bangladesh Bank yesterday removed five directors of Uttara Finance and Investments Ltd (UFIL) in order to reconstruct the board of directors of the non-bank.

Local textile millers yesterday expressed concern that they would lose business if letters of credit (LCs) were settled in taka, the local currency, instead of the US dollar. 

The Bangladesh Road Transport Authority (BRTA) has again extended the deadline for allowing the purchase of motorcycles without a valid driver’s licence for the next two months.