Ahead of Eid and Pahela Baishakh, Bangladeshis are considering buying a single panjabi for both occasions due to financial constraints and the close proximity of the festivals. Retailers like Rang Bangladesh and Anjans have noted better sales and increased production, respectively, despite the rising cost of raw materials and inflation above 9 percent. The demand for panjabis has grown significantly over the past two decades, with the attire now accounting for about 60 percent of men's clothes made for these festivals, according to Muslim Dhali of the Keraniganj Garment Traders and Shop Owners Association.

Shwapno, a leading retail chain in Bangladesh owned by ACI Logistics, has seen a six-fold increase in sales over the past decade and is aiming for a $2 billion turnover in the next seven to eight years. With over 440 outlets, the company plans to expand to 4,000 stores. Executive Director Sabbir Hasan Nasir highlighted Shwapno's operational success, including operating profit for the last two years and positive operational cash flow for five years. The company has doubled its gross margin to over 18 percent through scale benefits and direct sourcing from farmers. Challenges such as VAT, consumer adoption, location sourcing, supply chain disruptions from the Russia-Ukraine war, and import restrictions are being addressed. Shwapno is also focusing on online sales, aiming for them to contribute 10 percent of total revenue in seven years, and has received global certifications for good agricultural practices and quality assurance.

Credit card spending in Bangladesh decreased by 3.40 percent in November compared to October of the previous year, with domestic transactions falling by 2.18 percent and transactions abroad by 9.51 percent. The decline was attributed to economic and political uncertainties ahead of the national parliamentary election. Md Mahiul Islam of BRAC Bank expects spending to grow again in the future. VISA, Mastercard, and American Express were the primary cards used, with the highest amount of foreign transactions occurring in India. Department stores accounted for the majority of credit card transactions within the country.

The gender gap in mobile financial services (MFS) in Bangladesh has widened significantly over the past five years, with women's account ownership falling from 48.28% in December 2019 to 41.83% in December 2023. Despite a 152% increase in the total number of MFS accounts, the proportion of accounts held by women has decreased, while men's ownership has increased. Experts attribute this disparity to lower digital and financial literacy among women and restricted access to finance. A GSMA report highlights that Bangladesh has the third-highest gender gap in mobile money account ownership globally. To bridge this gap, experts suggest increasing digital and financial literacy among women and providing incentives for MFS usage.

Vegetable prices in Dhaka, Bangladesh, have been rising despite the winter season's abundant supply. Prices in the capital's retail markets are significantly higher than in rural areas. The Department of Agriculture Marketing reports that prices of certain vegetables have increased by 33 to 100 percent compared to last year. Factors contributing to the high prices include higher production and transport costs, as well as extortion on highways. Retailers and consumers express frustration over the price surge, while farmers attribute it to middlemen seeking extra profit.

The capital base of state-owned commercial banks in Bangladesh increased, while it decreased for private lenders at the end of the fourth quarter of the 2022-23 financial year. The capital-to-risk-weighted assets ratio (CRAR) for private banks was 12.82 percent in April-June, a drop from 13.08 percent in the previous quarter. Conversely, the CRAR for state-owned banks rose to 6.76 percent from 5.90 percent. The overall banking sector's capital base remained stable with an overall CRAR of 11.2 percent. Banks in Bangladesh are mandated to maintain a minimum CRAR of 11.817 percent as part of the central bank's roadmap for implementing Basel III.

Introducing solar irrigation pump systems in Bangladesh could reduce diesel consumption by 10 lakh tonnes annually and cut carbon dioxide emissions by 30 lakh tonnes per year. The Asian Development Bank's proposed road map aims to install up to 45,000 solar irrigation pumps, adding 1,000 MWp of solar capacity and benefiting over 13 lakh farmers. The initiative, requiring an estimated $800 million in financing, seeks support from international agencies. The ADB has already provided $42.4 million to support the transition, emphasizing the need for coordinated efforts among various national authorities to ensure successful implementation.

The National Board of Revenue (NBR) has extended the income tax exemption for private coal-fired power producers by 15 years, provided they start electricity generation by June 30 next year. This extension follows recommendations from the power, energy, and mineral resources ministry due to delays in production. Producers who signed agreements by June 30, 2020, will qualify for the tax waiver until June 30, 2039. The NBR will also exempt income tax for foreign employees at these plants for three years and offer concessions on foreign loans, royalties, technical fees, and share transfers. This move supports the government's goal of expanding energy production capacity, which reached 27,834 megawatts last month.

Beneficiaries of remittance in Bangladesh primarily use the funds to meet basic needs, with 62.08 percent of remittance spent on essentials according to the Household Income and Expenditure Survey 2022 by the Bangladesh Bureau of Statistics. The study highlights differences in spending patterns between rural and urban areas, with rural beneficiaries spending slightly more on basic needs. Banks are the preferred channel for remittance transfers, handling 64.46 percent of all transactions. Chattogram received the highest average remittance per household, while Sylhet received the least.

Boro paddy farmers in Bangladesh are facing significantly higher cultivation costs this season due to increased prices for labour, irrigation, seeds, pesticides, and fertilisers. The cost of production per bigha has risen by about 28 percent compared to last year. Farmers from various regions are concerned about getting a fair price for their crops, with many fearing substantial losses. The government has set the collection price for paddy, but farmers argue that the margins are negligible and call for better incentives and procurement campaigns.

Credit card usage in Bangladesh has surged, driven by increased spending on daily essentials at departmental stores amid rising inflation. In August, credit card transactions reached Tk 2,437 crore, with nearly half spent on commodities at departmental stores. The trend is attributed to the convenience of credit cards offering instant cash and interest-free repayment for up to 45 days. Banks' promotional campaigns and the need to manage higher prices also contribute to this rise. VISA cards dominate the market, followed by MasterCard and AMEX. Cross-border transactions are primarily in India, the USA, and Thailand.

Grameen UNIQLO, a joint venture between Fast Retailing and Grameen Healthcare Trust, announced the closure of all its outlets in Bangladesh by mid-June, citing significant economic development and changes in the business environment. Established in 2011, the brand aimed to develop the economy and address social issues in Bangladesh. Despite the closure, Fast Retailing remains committed to Bangladesh as a key manufacturing location, with partner factories continuing to produce UNIQLO items.

Credit card transactions by Bangladeshi nationals abroad surged to Tk 5,386 million in October, a 23.29 percent increase from the previous month. Overall credit card payments rose by 15.43 percent to Tk 25,964 million. The rise is attributed to more Bangladeshis traveling abroad and limitations on purchasing US dollars from banks. Local transactions using foreign-issued credit cards also increased. Most credit card transactions occurred in departmental stores, with VISA, Mastercard, and AMEX being the primary payment services used.

Barishal division has the highest percentage of households (53.1%) and people (75.2%) receiving support from the government's Social Security Programmes (SSP) among Bangladesh's eight divisions, according to the Household Income and Expenditure Survey (HIES) 2022. Khulna division follows with 48.6% of households and 68.1% of people receiving support. The survey also highlights that 18.7% of people are poor and 5.6% are extremely poor in Bangladesh. The SSP aims to support extremely poor families with cash or provisions to overcome hunger. The percentage of households receiving SSP support has increased from 27.8% in 2016 to 37.6% in 2022.

Credit card transactions in Bangladesh decreased by 2.96 percent in July compared to June, with domestic transactions falling to Tk 23,419 million. However, international transactions by Bangladeshi cardholders increased by 31.81 percent. Seasonal trends, particularly higher spending in June due to Eid-ul-Azha, were cited as reasons for the dip. Departmental stores accounted for the majority of credit card usage, and VISA cards were the most commonly used.

Bangladesh has not yet benefited from its 21 GI-certified products due to a lack of promotion and collective stakeholder efforts. Despite the potential for higher prices and consumer confidence, products like Jamdani, Muslin of Dhaka, and Hilsa have not been marketed with GI labels. Experts suggest that stakeholders need to design logos, packaging, and promote these products effectively. The Department of Patents, Designs and Trademarks, along with other ministries and trade bodies, are criticized for their failure to capitalize on GI recognition.

Credit card issuance in Bangladesh slowed in 2023 due to stricter regulations by the National Board of Revenue, which mandated proof of tax returns for applicants. This led to a decline in issuance growth, although credit card transactions increased due to inflationary pressures. Stakeholders, including bank officials and students, have called for a revision of the rules to exempt certain groups from the tax return requirement. The total number of credit cardholders rose slightly, despite the overall slowdown in issuance.

The tiles industry in Bangladesh has shown remarkable growth, driven by rapid urbanization and evolving lifestyle trends. Despite challenges such as increased gas prices and market disruptions due to the pandemic and the war in Ukraine, the sector remains resilient. Major companies like Meghna Group and RAK Ceramics have made substantial investments, boosting production capacity. Industry leaders call for the removal of supplementary duties and adjustments in customs assessments to further support growth. The potential for exporting high-end tiles is also highlighted, with local products meeting international standards.

The Bangladesh Standards and Testing Institution (BSTI) has mandated the use of its standardisation mark for 36 new products, including LPG cylinders and sweetmeats, to ensure quality and consumer rights. This has caused concern among small-scale producers, such as sweetmeat makers, who fear harassment and business disruption. The BSTI will require manufacturers to have their products tested and marked, with non-compliance resulting in fines or imprisonment. Stakeholders, including the Bangladesh Sweets Manufacturers Association, were not consulted, leading to plans for discussing the issue in a general meeting. The Centre for Policy Dialogue emphasized the need for formalization of businesses and addressing any formalization hurdles transparently.

A fire at Mohammadpur's Krishi Market in Dhaka was brought under control around 12:00pm, after which shop owners, including jewellery shop owner Ashraf Uddin, searched the wreckage for any remaining valuables. Ashraf reported a loss of valuables worth Tk 80 lakh, while his neighbor Al Arif estimated his loss at Tk 15 lakh. Out of 317 shops, 217 were gutted, with at least 10 of 25 jewellery shops damaged, according to a Dhaka North City Corporation official.

Islami Bank Bangladesh Ltd (IBBL) led the remittance inflow among banks in FY23, channeling $4.71 billion. Agrani Bank and Al-Arafah Islami Bank Ltd followed, with $1.32 billion and $1.03 billion respectively. The total remittance sent by migrant workers was $21.61 billion, with private commercial banks handling the majority. Measures by Bangladesh Bank aim to increase remittance through official channels, countering the higher rates offered by illegal hundi operators. Syed Mahbubur Rahman of Mutual Trust Bank emphasized the need for formal platforms and market-driven exchange rates to sustain remittance flows.

Remittance in Bangladesh saw a significant increase in the outgoing financial year, with $2.02 billion received in the first 25 days of June, marking a 57% rise from the previous year. The total remittance reached $21.43 billion from July 1 to June 25, surpassing the central bank's estimate. The growth is attributed to the high number of migrant workers, 10.74 lakh, who went abroad for jobs in FY23. Despite this, remittance flow through official channels has been lower than expected due to multiple exchange rates and better rates offered by the illegal hundi market. The government has taken measures to encourage formal remittance channels, including a 2.5% incentive and fee exemptions. However, the foreign currency reserves have declined due to a lower remittance flow and moderate exports amid rising import bills.

Remittance flows to Bangladesh reached a three-month high in June, with expatriates sending $1.79 billion in the first 23 days of the month to support their families during Eid-ul-Azha. Islami Bank Bangladesh Ltd received the highest remittance of $291 million, followed by Agrani Bank with $115 million and Premier Bank with $114 million, according to data from the Bangladesh Bank.

Finance Minister AHM Mustafa Kamal presented a proposed budget of Tk 761,785 crore for the 2023-24 fiscal year in Bangladesh's national parliament. This budget, Kamal's fifth, represents 15.2% of the GDP. It allocates Tk 475,281 crore for operating expenditures and Tk 277,582 crore for development. The total revenue is estimated at Tk 500,000 crore, with the National Board of Revenue (NBR) expected to collect Tk 430,000 crore. The overall budget deficit, including grants, is projected to be Tk 257,885 crore, or 5.2% of the GDP.

Finance Minister AHM Mustafa Kamal presented a proposed budget of Tk 761,785 crore for the 2023–24 fiscal year in the national parliament, marking his fifth budget and the 52nd for the Bangladesh government. The budget represents 15.2% of the GDP, with Tk 475,281 crore allocated for operating expenditures and Tk 277,582 crore for development. Total revenue earnings are estimated at Tk 500,000 crore, with NBR expected to collect Tk 430,000 crore. The overall budget deficit, including grants, is projected to be Tk 257,885 crore, or 5.2% of the GDP.

The government of Bangladesh is facing difficulties in meeting its wheat procurement target from the domestic market as farmers prefer selling at higher local market prices. The government set a target to procure 1.50 lakh tonnes of wheat at Tk 28 per kilogramme but has only managed to buy 18 tonnes so far. Farmers are selling wheat at Tk 30-32 per kilogramme locally. The situation is severe in districts like Thakurgaon, Bogura, Gaibandha, and Dinajpur, where no wheat has been procured due to higher local prices. The government is now focusing on importing wheat, having already completed tenders to buy 700,000 tonnes this fiscal year.

Md Babul, a baby cloth trader at Dhaka's New Super Market, lost his entire business to a fire that broke out early in the morning. Despite risking his life to save his shop, he couldn't salvage any products or cash. The fire, which followed a recent devastating blaze at Bangabazar market, caused significant financial damage to Babul and other traders. Firefighters managed to control the fire after three and a half hours.

Non-food expenditure of households in Bangladesh has increased over the past six years, while food-related expenses have decreased. According to the Bangladesh Bureau of Statistics' Household Income and Expenditure Survey 2022, non-food expenditure was 54.2% in 2022, up from 52.3% in 2016, while food expenditure dropped from 47.7% to 45.8% over the same period. The survey was conducted among 14,400 households throughout 2022.

The average monthly household income in Bangladesh increased to Tk 32,422 in 2022, marking a rise of over 102% from six years prior, according to the Bangladesh Bureau of Statistics. The state-run agency's 'Household Income and Expenditure Survey -2022' also revealed that average monthly household expenditure rose to Tk 31,500 in 2022, up from Tk 15,715 in 2016.

Bangladesh's shrimp exports, known as 'white gold', are expected to face increased competition after the country graduates from Least Developed Country status in 2026, leading to the removal of export subsidies and loss of tariff preferences. This could result in a $9 million loss in earnings from fish exports to the EU, $1.6 million from the UK, and $2.4 million from India. Despite having larger shrimp farming areas, Bangladesh's earnings are significantly lower than countries like India due to lack of investment in technology and infrastructure, and non-adoption of vannamei shrimp farming. The sector's decline is also attributed to a decrease in farming areas and production. The report by RAPID suggests the potential for export diversification in the fish sector and recommends government support, supply chain development, and quality control measures.

Bangladesh Bank's recent data reveals that Rangamati has the lowest per capita bank deposit in Bangladesh at Tk 5,000, while Dhaka has the highest at Tk 6 lakh. Chattogram and Cox's Bazar follow with Tk 2.41 lakh and Tk 1.64 lakh, respectively. Dhaka division leads with Tk 2.33 lakh per capita deposit, whereas Rangpur division is at the bottom with Tk 17,000. The data highlights significant disparities in bank deposits across different regions and districts in Bangladesh.

As Eid-ul-Fitr approaches, shopping malls in Dhaka, Bangladesh, are experiencing increased customer activity, with sales gaining momentum since Friday. Shoppers are visiting malls in various parts of the capital, but large-scale clothing purchases are expected to begin from the 20th of Ramadan. Retailers and brands anticipate a boost in sales as salaries and bonuses are distributed closer to Eid. Roadside vendors are also seeing high sales, offering lower-priced items to middle and low-income groups.

The imposition of a floor price and frequent policy changes by the Bangladesh Securities and Exchange Commission have negatively impacted the stock market, leading to a bearish trend, according to Md Ashequr Rahman of Midway Securities. The floor price, set during the pandemic and again in July 2022, aimed to prevent market indices from freefall but has since been removed, causing previously inflated stocks to trade more rationally. Investor confidence was further shaken by an operational error on the Dhaka Stock Exchange's website displaying incorrect data. Rising interest rates and the ability for brokers to purchase treasury bonds have also led to a shift in investments from the equity market to safer assets. Rahman suggests that regulators should adopt a hands-off approach and focus on fostering free and fair markets, punishing market manipulators to encourage long-term investments.

The Ministry of Industries in Bangladesh has issued preliminary approvals for 10 products to receive geographical indication (GI) status within eight days, raising concerns about the thoroughness of the verification process. Experts argue that the rushed approvals may leave room for challenges and potential cancellations. The Department of Patents, Designs and Trademarks (DPDT) typically takes three to four months to verify applications, but recent approvals were expedited, possibly in response to India's GI status for the 'Tangail Saree of Bengal.' The article highlights the need for meticulous documentation to avoid future disputes, especially with similar products in neighboring countries.

The Ministry of Industries in Bangladesh has rapidly issued preliminary approvals for 10 products to receive geographical indication (GI) status within eight days, raising concerns about the thoroughness of the verification process. Experts argue that the expedited process may leave room for errors and challenges, contrasting with India's more prolonged scrutiny for similar products. The Department of Patents, Designs and Trademarks (DPDT) defends the process, asserting that all necessary verifications were conducted. The article highlights the importance of meticulous documentation to avoid future disputes, especially in international forums like the World Trade Organization.

Bangladesh faces significant challenges in controlling inflation and maintaining currency stability, as highlighted in the Bangladesh Bank's annual report. The report notes that inflation has been rising due to global supply-demand mismatches, the Russia-Ukraine war, and international commodity price hikes. The Consumer Price Index (CPI) increased to 6.15% in FY22, surpassing the target of 5.30%. The central bank emphasizes the need for an orderly exit from expansionary policies and highlights the impact of the war on export demand and import costs. The report also mentions the widening budget deficit and increased government borrowing, which could further pressure inflation. The Bangladesh Bank, along with other government agencies, is taking measures to address these economic challenges.

Bangladesh's stamp duty rates, unchanged for a decade, are set to increase by up to 300 percent in the next fiscal year. Finance Minister AHM Mustafa Kamal proposed changes to the stamp duties on 46 types of functions in the Finance Bill-2022 to help finance the Tk 678,064 crore budget and maintain borrowing targets. The government aims to collect Tk 13,879 crore from stamp sales, a significant increase from the Tk 2,906 crore collected in FY2020-21. The proposed changes include doubling the lowest stamp duty rate and increasing the cost of stamps for partnership deals, divorce registration, power of attorney, and obtaining loans, while mortgage deed stamps for banks will be cheaper.

The Bangladesh government aims to collect Tk 433,000 crore in revenue for the fiscal year 2022-23, with the National Board of Revenue responsible for collecting Tk 370,000 crore and the remainder from other sources. Finance Minister AHM Mustafa Kamal announced the target during the presentation of the national budget totaling Tk 678,064 crore in parliament.

The overall budget deficit for the fiscal year 2022-23 in Bangladesh will be Tk 245,064 crore, equivalent to 5.5 percent of GDP, as announced by Finance Minister AHM Mustafa Kamal. This deficit will be financed through domestic and external sources.

The government of Bangladesh has set a 5.6% inflation target for the fiscal year 2022-23 despite ongoing high prices of essentials. In April, inflation reached an 18-month high at 6.29%, driven by global uncertainties from the Russia-Ukraine war and supply chain disruptions. The International Monetary Fund projects prolonged global inflation, and local economists expect high inflation to persist until the end of 2023. The government is likely to miss the revised inflation target of 5.7% for the current fiscal year. Finance Minister AHM Mustafa Kamal emphasized the government's commitment to addressing inflation by balancing supply and demand.

Finance Minister AHM Mustafa Kamal presented a proposed budget of Tk 678,064 crore for the 2022-23 fiscal year in the national parliament, marking the government's first budget post-Covid-19 pandemic. The budget, constituting 15.2 percent of GDP, allocates Tk 431,998 crore for operating expenditure and Tk 246,066 crore for development purposes. Total revenue earnings are estimated at Tk 433,000 crore, with the National Board of Revenue (NBR) expected to collect Tk 370,000 crore and an additional Tk 63,000 crore from other sources.

Natural calamities, including flash floods and heavy rain caused by cyclone Ashani, have damaged 78,987 tonnes of Boro rice production in Bangladesh this season. This comes at a time when rising rice prices are already burdening lower-income groups. Despite the damage, the agriculture ministry estimates a total production of 21,157,863 tonnes of paddy, slightly up from last year. Farmers report significant crop damage, with some estimating higher losses than official figures. Experts suggest that while the loss is not massive in quantity, it is significant given the global context of Covid-19 and the Russia-Ukraine war. The government is urged to take measures to minimize these losses.

Mango growers in Bangladesh, particularly in regions like Rajshahi and Chapainawabganj, are facing a significantly lower yield this season due to adverse weather conditions, including unusual leaf sprouting and damage from rains and hailstorms. The Department of Agricultural Extension and the Bangladesh Agriculture Research Institute have projected a 40% decrease in yield compared to last year. Despite the lower yield, there is hope that proper care of the existing crop could result in better prices. Early varieties of mangoes have started hitting the market, with prices expected to drop as more varieties become available.

Local seed crushing mills in Bangladesh do not use domestically grown soybeans to produce edible oil, instead relying on imported seeds. Despite significant local soybean cultivation, the seeds are primarily used for poultry and fish feed due to the lack of local crushing facilities. Experts highlight the potential for increased soybean production to reduce foreign currency expenditure and meet local demand, but challenges such as lack of government support, unstable markets, and inadequate seed storage hinder expansion. The recent surge in edible oil prices, exacerbated by the Russia-Ukraine war, has brought attention to the need for increased local production.

Despite recent government intervention to fix prices, the cost of loose soybean oil and palm oil has surged in both retail and wholesale markets due to a supply crisis. Wholesale prices in Chattogram have increased significantly, impacting retail prices in Dhaka. Retailers are selling loose soybean oil and palm oil at higher rates than a week ago, while the price of bottled soybean oil remains unchanged. Wholesalers attribute the price hike to reduced supply from dealers, forcing them to sell at higher prices than the government-fixed rates.

Despite a 30 percent tax exemption at the import and production stages, the prices of edible oil have increased at the wholesale level. The government had waived various taxes to alleviate public outcry over rising prices, but the wholesale prices of soybean and palm oils surged significantly. Retail prices in Dhaka remained unchanged according to the Trading Corporation of Bangladesh, though supply issues were noted by retailers. The National Board of Revenue reported significant imports of crude soybean and palm oil, but millers have reduced supply, leading to price hikes. Consumers continue to pay VAT on bottled soybean oil, and there are calls for the government to revise prices in line with the tax exemptions.

Consumers in Bangladesh face rising costs for eggs and broiler chicken meat, key protein sources, amid inflationary pressures. Egg prices have increased due to higher production costs, including feed and transport expenses. The Bangladesh Egg Producer Association attributes the price hike to increased costs of soybean meal and corn. Despite adequate supply, wholesalers report price increases, impacting fixed-income families. The Consumers Association of Bangladesh highlights the broader inflationary impact on living costs.

Rice prices in Bangladesh remain high despite a new Aman crop and ample imports, causing difficulties for low-income groups. Retail prices of rice have increased by up to 6% in the past month, with medium-quality grain seeing the highest rise. Factors contributing to the price hike include purchases by large rice millers, higher transport costs due to a diesel price hike, and customs duties on imports. The Department of Agricultural Marketing and the Department of Agricultural Extension provided data and estimates on rice prices and crop transplantation. The Food Minister has called for market stability amid allegations of price manipulation by mill owners and warehouse keepers.

Onion prices in Dhaka's kitchen markets have surged to Tk 80 per kg, significantly impacting low and middle-income residents already struggling due to the Covid-19 pandemic. Retailers attribute the price hike to delayed harvests caused by recent rains, while some traders are accused of creating an artificial crisis to inflate prices. Despite the current shortage, new onion supplies are expected to arrive soon, potentially stabilizing prices. The Consumers Association of Bangladesh criticizes opportunistic traders for exploiting the situation to make hefty profits.

Edible oil refiners in Bangladesh are proposing a price hike for the fourth time this year, citing international market rates and currency devaluation. The current price of a one-litre bottle of soybean oil is Tk 160, with a proposed increase of Tk 10. The Bangladesh Trade and Tariff Commission has forwarded the proposal to the commerce ministry, which will make a final decision. Despite the proposal, there is a possibility of a price reduction due to stable international market conditions. Key stakeholders include the BTTC, the commerce ministry, and City Group.

Remittance flows to Bangladesh have been declining due to fewer people going abroad for jobs and the resurgence of informal money transfer channels like hundi. October saw a 4.6% drop from the previous month and a 21.7% year-on-year decrease. The weakening exchange rate has diminished the incentive to use formal channels, exacerbating the decline. Economist Debapriya Bhattacharya highlights the need for structural changes, such as focusing on new markets and enhancing worker skills, to address the issue. The government remains optimistic, with Finance Minister AHM Mustafa Kamal predicting a return to normalcy in three months.

Potato retail prices in Dhaka have risen by 39% due to damaged crops from flash floods and depleting cold storage stocks. Farmers and traders are experiencing delays in cultivation and are not benefiting from the price hike, with some selling at a loss. The price increase is a concern for low-income families who rely on potatoes as an affordable food option. Despite a bumper yield, the potato market has been affected by decreased demand during Covid-19 lockdowns.

The ongoing strike by goods transporters in Bangladesh is severely impacting trade, with significant delays in export and import activities. Key export containers are stranded, and vessels are leaving ports with reduced cargo. The strike has led to increased transportation costs, affecting traders and wholesalers across the country. Despite some resumption of activities, the overall trade environment remains disrupted, with stakeholders expressing concerns over financial losses and operational challenges.

The inflow of remittance to Bangladesh has been declining due to a decrease in the number of people going abroad and an increase in money transfers through informal channels like hundi. Economist Dr. Debapriya Bhattacharya attributes this decline to the weakening exchange rate, which has neutralized the 2% premium incentive for using formal channels. The divergence between the official and kerb market rates has further driven remittances through informal channels. Despite efforts by Bangladesh Bank to stabilize the situation, remittance inflows fell by 20% year-on-year in the first four months of the current fiscal year. Bhattacharya emphasizes the need to address structural factors and focus on new markets and skills to improve remittance flows. Finance Minister AHM Mustafa Kamal remains optimistic that remittance flows will return to normal within three months.

Bangladesh's exports reached a historic high of $4.73 billion in October, marking a 60.37% year-on-year increase, driven by both readymade and non-readymade garment shipments. Export earnings for the July to October period rose by 22.62% to $15.74 billion. Prof Mustafizur Rahman from the Centre for Policy Dialogue highlighted the significant growth in non-readymade garments and the impact of increased raw material prices on net value addition. Despite disruptions in China and Vietnam, Bangladesh capitalized on the situation, with notable increases in knitwear, woven garments, and other sectors. However, jute exports saw a decline. Rahman emphasized the need for increased competitiveness, productivity, and diversification to sustain future growth.

Bangladesh's exports reached a historic high of $4.73 billion in October, marking a 60.37% year-on-year increase, driven by both readymade and non-readymade garment shipments. Overall export earnings rose 22.62% to $15.74 billion from July to October. Prof Mustafizur Rahman from the Centre for Policy Dialogue highlighted the significant growth in non-readymade garments and the impact of increased raw material prices on net value addition. The article also noted the disruption in production in China and Vietnam, which benefited Bangladesh. Key sectors like knitwear, woven garments, frozen fish, agricultural products, and leather goods saw substantial growth, while jute exports declined. To sustain future growth, Rahman emphasized the need for increased competitiveness, productivity, and technology-based skills, along with product diversification and restructuring of incentive structures.

Farmers in Bangladesh sell the majority of their crops to meet financial needs, retaining a small portion for family consumption. A survey by the Bangladesh Bureau of Statistics reveals that farmers supply about 65% of paddy, 70% of vegetables, and 81% of pulses to markets. The findings are expected to aid in market monitoring and policy formulation. Experts highlight the importance of understanding the marketed surplus for effective food planning and the need for government support to help farmers retain crops for better returns. Issues such as high labor costs and market intermediaries are identified as factors contributing to rising vegetable prices.

Approximately 39.47 lakh establishments in Bangladesh's wholesale and retail trade sector, including motorcycle repair shops, contribute around 14% to the GDP, employing 86.27 lakh people as of December 2019. The Bangladesh Bureau of Statistics conducted the first survey in this sector, revealing significant gender inequality and a 3.15% growth in full-time employment. The sector's gross output was Tk 560,900 crore, with a Gross Value Added of Tk 479,473 crore for fiscal 2019-20. The trade sector also showed substantial financial contributions to other sectors, with net lending of Tk 395,813 crore.

Low and middle-income groups in Dhaka, Bangladesh, are reducing their food intake due to spiraling food prices. Razia Sultana and Sumana Begum, among others, are struggling to afford daily essentials, with prices of rice, flour, sugar, chicken, fish, cooking oil, spices, and vegetables increasing significantly. The Directorate General of Food offers some relief through open market sales trucks. Food inflation in August rose to 5.16 percent, with the Bangladesh Bureau of Statistics noting an upward trend throughout the year. The Consumers Association of Bangladesh attributes local price hikes to traders exploiting international market prices.

The sixth population census in Bangladesh faces further delays due to the Bangladesh Bureau of Statistics' failure to conduct it on schedule, primarily due to the coronavirus pandemic and a switch to a digital survey. The latest delay stems from the Cabinet Committee on Purchase rejecting a tender for procedural flaws. Planning Minister MA Mannan expressed uncertainty about conducting the census on time. The census, crucial for socio-economic planning, was initially planned for January 2021 but has been postponed multiple times. The BBS is now preparing for a re-tender, which will delay the census by another two months.

German sportswear giant Puma is set to expand its presence in Bangladesh by opening a second outlet in Dhaka's Dhanmondi area, following its initial entry into the market in April 2019. The local franchise partner, DBL Group, plans to inaugurate the new store by the end of the month. The expansion is driven by increased local demand for international brands amid the pandemic. DBL Group's managing director, MA Jabbar, expressed pride in the expansion and plans for further outlets in Bashundhara City and Uttara by 2022. Puma aims to bring distinctive designs blending sport, lifestyle, and fashion to the Bangladeshi market.

Bangladesh has joined the New Development Bank (NDB), a multilateral development bank established by the BRICS nations. As a member, Bangladesh will contribute $188.4 million in paid-up capital and hold a total share of $942 million in the bank. The country will pay the capital in seven instalments over seven years and will be able to purchase bonds for the remaining amount. The membership was confirmed on September 16, and Bangladesh will now be eligible to participate in the bank's board meetings and receive loans. The NDB has provided approximately $30 billion in loans to member countries since its inception.

Arifa Yasmin Mayuri, a transgender woman from Bangladesh, overcame significant societal and structural barriers to become a successful handicraft entrepreneur. Despite facing mockery, discrimination, and financial challenges, she founded Siri Handicrafts, which now employs around 500 marginalized women and 150 hijras. Mayuri's journey from a troubled childhood to winning national awards exemplifies her resilience and determination to fight for her community's rights. She dreams of establishing a Hijra Palli to provide shelter and opportunities for transgender people and aspires to become a parliament member to further advocate for marginalized groups.

A Tk 58.5 crore project aimed at promoting the use of bio-pesticides among farmers in Bangladesh has seen a decline in interest due to high costs and inadequate marketing facilities. The 'Safe Crop Production through Integrated Pest Management (IPM)' project, implemented by the Department of Agricultural Extension (DAE), initially increased the use of bio-pesticides and reduced chemical pesticide usage. However, many farmers are reverting to chemical pesticides. The Implementation Monitoring and Evaluation Division (IMED) suggests improving marketing systems, reducing bio-pesticide costs, and simplifying IPM club registration to sustain the project's benefits. DAE officials emphasize ongoing efforts to support safe food production through training and market establishment.

The Covid-19 pandemic has severely impacted the livelihoods of approximately 1.8 crore people in Bangladesh's fisheries and aquaculture sector. A study found that 86% of fish farmers and 85% of fishers experienced income drops due to movement restrictions, increased transportation costs, and higher feed prices. The pandemic also led to reduced fish production and worsened financial conditions for many, with significant impacts on fish traders and consumers. The report calls for urgent short-term recovery plans and long-term strategies to ensure sustainable recovery.

The credit guarantee scheme (CGS) introduced by Bangladesh Bank to support the CMSME sector has faced significant challenges in implementation. Despite the scheme's intention to encourage loan distribution, its complex terms and conditions have deterred lenders. Bank officials and SME entrepreneurs cite difficulties in meeting criteria, lengthy processes, and additional burdens on borrowers as major obstacles. The CMSME sector, severely impacted by COVID-19, continues to struggle with accessing the stimulus package, with only 74.2 percent of the total fund disbursed as of June 10. Stakeholders suggest that revisions and better understanding of the scheme are needed for its success.

Shatranji, a traditional fabric from Rangpur, has been recognized as a Geographical Indication (GI) product of Bangladesh, benefiting local weavers and traders by enhancing the brand's value both domestically and internationally. The recognition was formalized by Industries Minister Nurul Majid Mahmud Humayun, with the Bangladesh Small and Cottage Industries Corporation (BSCIC) playing a pivotal role. This acknowledgment comes at a crucial time as the industry faces challenges due to the pandemic and rising raw material costs. The GI status is expected to bolster the Shatranji-based economy and preserve its unique cultural heritage.

The number of restaurants in Bangladesh increased by 59% over the decade to 2019-20, driven by changing lifestyles and higher demand for dining out. The Bangladesh Bureau of Statistics' survey shows the sector's contribution to GDP rose to 0.75%, employing 22.8 lakh people. However, the Covid-19 pandemic severely impacted the industry, with significant job losses and closures. Experts highlight the need for government support and more accurate data on female employment in the sector.

Experts urge the government to prioritize agriculture, social safety nets, and job creation in the upcoming national budget to ensure food security and mitigate the economic impact of COVID-19 on the newly impoverished. The agriculture sector has faced challenges from heatwaves, pest damage, and lockdowns, affecting the food supply chain and market stability. Recommendations include increasing subsidies, providing stimulus packages, and creating agro-based employment. The government has been giving significant subsidies to agriculture, and the upcoming budget is expected to continue this trend. The return of urban poor to rural areas is likely to impact the agriculture labor market, necessitating increased support and employment opportunities in the sector.

The imposition of a 5% regulatory duty on rapeseed imports by Finance Minister AHM Mustafa Kamal may lead to an increase in mustard oil prices in Bangladesh. This comes at a time when consumers, especially those with low and middle incomes, are already facing difficulties due to the rising cost of soybean oil and other essentials. Industry representatives, including Biswajit Saha from City Group, have expressed concerns that this move will make mustard oil unaffordable and harm domestic industries. The Bangladesh Oils Mills Association has requested the National Board of Revenue to withdraw the duty to protect the local industry and keep prices tolerable. Agriculture economist Mohammad Jahangir Alam suggests that the duty might slightly increase mustard oil prices but could benefit local mustard growers.

Mango farmers in Bangladesh, especially in Rajshahi and Chapainawabganj, are facing lower prices for their produce despite a good yield. Prices have dropped significantly compared to last year, and the pandemic restrictions on public movement are affecting the industry, which could lose about Tk 3,000 crore. The government's Mango Train initiative is insufficient to meet demand, and farmers are struggling to get fair prices, with some incurring losses. The Department of Agricultural Extension expects a production of 24 lakh tonnes of mangoes this year, and experts from the Bangladesh Agricultural Research Institute highlight the need for local administrations to support mango trade and prevent harassment of mango-carrying vehicles.

The Covid-19 pandemic has severely impacted the real estate sector in Bangladesh, causing many unregistered developers to close and reducing sales for top companies. Hossain Khaled, managing director of Anwar Landmark, emphasizes the need to reduce construction costs, particularly taxes and registration fees, to make housing more affordable. He suggests extending home loan tenures and increasing the housing scheme fund under Bangladesh Bank. Khaled also calls for reducing bureaucratic red-tape to attract new investments. Anwar Group has managed to maintain operations and employee satisfaction during the pandemic by prioritizing customer and employee needs.

Sunflower cultivation in Bangladesh has increased significantly due to favorable weather conditions and the Department of Agricultural Extension's promotional activities. With a threefold increase in acreage over the target, farmers are expecting a bumper yield. Sunflower oil, known for its health benefits, is gaining popularity as Bangladesh seeks to reduce its reliance on imported edible oils. The crop's low water requirement makes it suitable for dry regions like the Barind Tracts, and its cultivation is also expanding in saline areas post-aman harvests. The DAE's support, including free seeds and training, is contributing to the growth in sunflower farming.

Farmers in Bangladesh have harvested 90% of the Boro paddy, alleviating concerns about the impact of an impending cyclonic storm on the crop. Agriculture Minister Muhammad Abdur Razzaque and other officials expressed optimism about the yield and food security. The Department of Agricultural Extension and the Bangladesh Meteorological Department are closely monitoring the situation, while the US Department of Agriculture noted potential challenges due to weather conditions. The total production is expected to surpass last year's figures, with significant contributions from expanded hybrid paddy cultivation.

Small, marginal, and landless farmers in Bangladesh account for 70-80% of the country's food production, with small farmers alone contributing 50%. Despite their significant role, these farmers primarily produce for their own food security, lacking marketable surplus. The FAO report indicates that small family farmers globally produce around one-third of the world's food, though definitions of 'small farmers' vary by country. In Bangladesh, small and marginal farmers are the largest contributors to food production, using their land more efficiently due to necessity.

Yasushi Sawada, managing director of Ajinomoto Bangladesh, discusses the strong bilateral relationship and economic contributions between Japan and Bangladesh. Japan became Bangladesh's biggest recipient of official development assistance in 2020, with 321 Japanese companies operating in various sectors. Sawada highlights the importance of quality and the potential for growth in the Bangladeshi food industry, noting Ajinomoto's commitment to delivering high-quality products and educational programs. Challenges such as counterfeit products are addressed, and suggestions for improving the ease of doing business in Bangladesh are offered.

The Bangladesh Energy Regulatory Commission (BERC) has reduced the retail price of liquefied petroleum gas (LPG) by around 7 percent, setting the new price for a 12kg cylinder at Tk 906. The new rate, effective from next month, follows the Saudi Contract Price for May. Despite the price cut, consumers express concerns over the implementation, citing past failures to enforce government-fixed rates. The BERC plans to take action against distributors not adhering to the new prices. The Communist Party of Bangladesh criticizes the BERC for previously setting prices to protect traders' interests.

An early pineapple harvest, particularly of the 'honey queen' variety, is benefiting farmers in Bangladesh amid the ongoing pandemic and Ramadan. Farmers in regions like Rangamati, Khagrachhari, and Moulvibazar have started harvesting earlier than usual to meet high demand and secure better prices. The Department of Agricultural Extension (DAE) officials report good yields despite the off-season, with expectations of a bumper harvest this year. The fruit's popularity is attributed to its nutritional benefits, especially during Ramadan and the Covid-19 pandemic.

Edible oil prices in Bangladesh have increased for the third time in two months, significantly impacting low-income groups during the ongoing COVID-19 pandemic. The retail price of branded soybean oil has risen to Tk 144 per litre, while loose soybean and palm oil prices have also seen hikes. The Vanaspati Manufacturers Association has requested the commerce ministry to set the price of soybean oil at Tk 150 per litre due to rising international prices but settled at Tk 144 considering Ramadan. The Bangladesh Trade and Tariff Commission has forwarded the proposal to the commerce ministry. The price hikes are causing additional financial strain on consumers already affected by the pandemic. Industry experts suggest reducing or subsidizing import taxes to alleviate the burden on consumers.

The government has launched a $7.5 million Covid-19 response fund to support private enterprises in producing medical and personal protective equipment (MPPE) for local and international markets. The fund, part of the Export Competitiveness for Jobs (EC4J) project supported by the World Bank Group, aims to provide grants to private enterprises for procuring necessary equipment and materials. Commerce Minister Tipu Munshi and other officials emphasized the importance of this initiative in boosting exports and integrating Bangladesh into the global value chain.

Ashraf Uddin, a jewellery shop owner, has expressed his distress after a fire destroyed his business. He lamented the loss of his merchandise, including gold and silver items, which were burned and melted in the blaze. Uddin is left with nothing but his misfortune, indicating the devastating impact the fire has had on his livelihood.