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Like elsewhere across the globe, the COVID-19 pandemic has ushered in an economic crisis for Bangladesh. The World Bank has forecasted the country’s GDP growth rate to come down to 2 to 3%. Similarly, the International Monetary Fund (IMF) has projected the growth rate to go down to 2%. The government has imposed a nationwide […]

Frugal Innovation or frugal engineering refers to reducing the complexity and cost of the production of a good to make it available to a larger portion of the population. A few examples of frugal innovations around the world shall give a clearer picture to what it is. Country Product  Description India Tata Nano Car A […]

Once dubbed the “golden fiber” of Bengal, jute now occupies a less alluring position as source of foreign currency. Declining export receipts, which are widely outshined by that of the RMG sector, are largely a result of lack of innovation in the jute industry. The dearth of dynamism in the industry has resulted in a […]

The ceramic industry has been one of the burgeoning manufacturing sectors of Bangladesh. Local demand for ceramic products continues to grow as the country experiences steady economic growth and urbanization. Not only is the industry catering to 85% of the local demand, but also serving a major portion of the export market: progressing towards being […]

Our stories have been read by thousands, over the past year. It reflects the hope and curiosity of modern business leaders in every sector with the anticipation of a better 2020. Find out the 10 most read in 2019.

Regional economic power in South Asia has primarily been concentrated in India. However, with Bangladesh’s meteoric rise to regional prominence–owing to its booming economy–the economic balance of power in the region is beginning to show the first signs of a paradigm shift. India was the strongest regional economy over the 40 years between 1970 and […]

Special Economic Zones (SEZs) play an important role in the quest for economic growth. Their primary objective is attracting foreign direct investment (FDIs), generating employment, implementing economic reforms and experimenting with new policies. The actual number of economic zones in Bangladesh is in contention. However, as per data from Bangladesh Economic Zones Authority (BEZA) ,at […]

Coupled with artificial intelligence and the internet of things, automation has become a key necessity in the 4th industrial revolution, automating complex processes which were once only possible through humans. And as the tides change throughout the world with the new developments in technology and remaking of global supply chains due to the US China […]

Transport is one of the most crucial aspects of the business world. Without it, businesses would be unable to access raw materials, markets with spare capacity, or suitable factory locations. The ability to expand operations beyond a firm’s immediate location is crucial to its growth and hence the growth of the economy. The commercial vehicle […]

The ancient Silk Road was once a trading route facilitating the transport of goods and technology between China and the Roman Empire. Through this route, silk was first transported to the west among many other then exotic goods. The trade route spanned a 6,400 km road following the Great Wall of China, crossing deserts and […]

Bangladesh is a fast growing economy, poised to be the next Asian Tiger. Bangladesh has multiple factors that favor continued strong economic growth –a steady inflation rate of 5-6% in the last five years, and a record high FX reserve of USD 33.5 billion. With a GDP growth rate of 7.3% in the fiscal year […]