Bangladesh’s garment sector faces a major downturn as 353 factories close in 14 months, leaving nearly 120,000 workers unemployed amid policy changes and global demand decline.
The UK remains Bangladesh’s top FDI source despite a 40.7% drop in inflows, while total FDI rose 19% due to reinvestment and intra-company loans, Bangladesh Bank data shows.
The number of Bangladeshi workers migrating to Malaysia has dropped by nearly 99%, raising alarm over the country’s remittance earnings and growing unemployment.
The S Alam Group has filed an ICSID claim alleging Bangladesh’s interim administration froze assets and destroyed value, seeking compensation in the hundreds of millions.
