Listed apparel companies in Bangladesh struggled to capitalise on the massive devaluation of the local currency against the US dollar in fiscal year (FY) 2022-23 due to a hike in gas and electricity prices, and fuel and raw material costs.
The wheels of the two companies have begun turning again after remaining closed for many years while another firm is moving towards resuming operation – thanks to the restructuring of boards by the Bangladesh Securities and Exchange Commission (BSEC).