Bangladesh drew $1.8 billion in greenfield foreign direct investment (FDI) in the logistics sector between 2019 and 2024—representing just 4.9% of South Asia’s total inflows—according to a joint study by the International Finance Corporation (IFC) and GlobalData. The report, released in June and posted on the Bangladesh Investment Development Authority (BIDA) website, highlights the country’s modest performance in attracting logistics-related investments despite its growing trade potential.
Textile firms turn to technology to sort waste crisis
The world's second biggest exporter of clothes, Bangladesh, is looking to technology to gain control of the fashion industry's other major product: textile waste.
Cloud-hosted software allows manufacturers to segregate, label and register waste on a digital platform and track it as it passes between factories, handlers and recyclers.
"Reverse Resources is bridging Bangladesh's waste streams with international recyc...Rizvan Hasan is the country lead of Reverse Resources, a company that produces the software.
Xi celebrates Bangladesh, China diplomatic ties
Chinese President Xi Jinping and Bangladeshi President Mohammed Shahabuddin on Saturday exchanged congratulatory messages on the 50th anniversary of diplomatic ties between the two countries.
In his message, Xi noted that China and Bangladesh are traditional friendly neighbours with a long history of exchanges.
Over the past 50 years, since the establishment of diplomatic ties, regar...
Bangladesh still on Tier 2 despite progress
Bangladesh has stepped up its fight against human trafficking, but significant challenges remain, according to a new report from the United States.
Key Recommendations
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Expanding anti-trafficking tribunals to busy areas.
- Giving victims in shelters more freedom of movement.
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Improving police training, immigration officers and healthcare providers.
Bangladesh at centre of Quad’s Indo-Pacific vision
The United States is considering the development of a port in Bangladesh under the Quad Ports of the Future Partnership, a flagship initiative of the Quad grouping—comprising Australia, India, Japan, and the United States—set to be formally launched later this month.
Highlights:
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- Bangladesh’s Geostrategic Advantage
- Ports as Engines of Growth
- Changing Political...
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Extreme poverty set to hit 9.3pc in Bangladesh: WB
Bangladesh’s economy is confronting renewed headwinds, with political uncertainty under the interim government weighing heavily on investment and slowing industrial growth. According to a World Bank (WB) report released on Wednesday under the title Poverty and Inequality Platform (PIP) News, the outlook for 2025 could resemble the pandemic year of 2020, when economic stagnation drove millions into hardship.
Key indicators:
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- Poverty rate at $3 a day (2021 PPP): 5.91pc in 2022
- Poverty rate at national poverty lines 18.7pc in 2022
- Multidimensional poverty headcount rati...
