Small businesses in Bangladesh faced substantial hardships in 2023 as their sales took a steep dive last year due to ongoing inflationary pressure in the country, according to various businesspeople.
The prices of onion have shot up despite adequate supply, according to a Bangladesh Trade and Tariff Commission (BTTC) report laying bare the extent of market manipulation by a section of dishonest traders.
The government and business leaders have played down the significance of the diplomatic note from the Bangladesh embassy in Washington DC to the commerce ministry about possible measures like trade penalties and visa restrictions over labour issues.