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Bangladesh’s economy faces a perfect storm with double-digit inflation pinching wallets, foreign exchange reserves dwindling and economic growth fading away. To weather the crisis, the government is desperately seeking foreign loans.
After Indian Prime Minister Narendra Modi’srecord-equalling yet subdued election victory, official congratulations came swiftly from neighboring Bangladesh.
DHAKA -- When Donald Lu visited Bangladesh last year, the veteran American envoy was banging the drum of democracy ahead of elections that critics warned were tilted in favor of Prime Minister Sheikh Hasina and her ruling Awami League.
While scrolling through Facebook on a recent morning, I came across news about the potential appointment of a new US ambassador to Bangladesh. David Meale appeared poised to take over for Peter Haas, who might well go down as the most impactful US envoy in Bangladesh’s recent history.
DHAKA -- Shopper Sinthia Amin rejected an Indian brand of biryani masala promoted to her by an employee in an upscale supermarket recently. Like many Bangladeshis fed up with what they perceive as New Delhi's interference in local politics, she is boycotting Indian products.
Residents of Sailulak, a quiet village in northeastern India that lies close to the border with Myanmar, found two things out of the ordinary in the summer of 2019.First, there were the unrelenting monsoon rains, earlier than usual. And then there were the four young strangers who began frequenting the area, carrying six large nylon bags.
DHAKA -- Bangladesh's garment industry faces surging freight rates, longer lead times and container shortages as spillover effects from fighting in the Red Sea, just months after the sector was roiled by protests over wages and subsequent factory closures.