QSL.S Garments to invest $19.5m in Mongla EPZ

US investors have been pulling out of Bangladesh's stock market over the last three fiscal years, as seen by the US portfolio investment falling to $629.71 million at the end of FY23, down 21.20% from FY22. The total amount of foreign portfolio investments decreased by more than 20% year over year to $2.33 billion in FY23 from $4.5 billion in FY19.

Bangladesh faces a concerning decline in net foreign direct investment (FDI) from the United States, dropping by 56% to $289.17 million in FY23 amid increasing pressure on forex reserves and global economic challenges.

Biman Bangladesh Airlines responds to rising demand by expanding flight services on key Middle East routes. Effective 28 December, BG235 introduces direct flights between Sylhet and Jeddah every Thursday, enhancing travel options to Saudi Arabia. Beginning 21 February 2024, BG236 offers direct Jeddah-Sylhet flights every Wednesday to cater to expatriates and pilgrims.

The United Nations Industrial Development Organization (UNIDO) endorsed Bangladesh's resolution on enhancing member states' capabilities in building resilient and sustainable supply chains during its 20th General Conference in Vienna. With participation from leaders of 172 member states, the week-long conference addressed the disruptions caused by the COVID-19 pandemic and the Ukraine war to global supply chains.

FAS Finance & Investment faces a grim fate, with continuous losses over nearly five years, leaving the first-generation financial institution on the brink of collapse. The latest financial results for the nine months through September reveal a loss of Tk 2.03 billion, accumulating to nearly Tk 16 billion in losses until September 2023.

A major export fraud involving Loopdot Fashion Limited in Mymensingh, Bangladesh, has been exposed, with 225 consignments of garments falsely exported, totaling $6.8 million or 75 million taka. The fraud was revealed during the seizure of two consignments