Top 10 Most Read Insights in 2021

LightCastle Analytics Wing
February 2, 2022
Top 10 Most Read Insights in 2021

2021 has been a resilient year. In a post-pandemic world, Bangladesh and the rest of the world tried hard to bounce back. Despite periodic lockdowns, the vaccination efforts and opening up the economy helped ease the pressure.

Our readers had also picked up interests in topics encompassing the resurgence of different industries and markets. Following is the list of the top ten most-read articles on our website in the year 2021.

The budget for the Fiscal Year 2021-22 (FY 21-22) has certainly generated significant discourse as Bangladesh embarked on its 50th year of sustaining as a sovereign country in 2021.

The rising purchasing power of people enables them to afford passenger cars and avoid low-quality public transport. Moreover, the emergence of ride-sharing platforms including Uber, Pathao, and others are also contributing to the increasing demand.

The COVID 19 pandemic was a game-changer for the digital payment ecosystem in Bangladesh due to the need for contactless payments. Besides facilitating trade, the digital payments also helped the government in disbursing financial help to the needy populace during the COVID-19.

A burgeoning middle class, in particular, fueled by greater purchasing power, has turned to biscuits as the go-to snack demanding both quality and low prices, leading to businesses turning to automation in order to scale and meet growing demands.

The E-Commerce industry in Bangladesh began to flourish circa 2013 with the Bangladesh Bank lifting its previously established restriction on international purchases via consumer credit cards.

FDI is a powerful engine for economic growth, especially for developing economies like Bangladesh, which enables countries to gain capital, generate employment, increase production capacity and develop managerial and technological skills.

Although agent banks have accelerated financial inclusion in the country, especially in rural areas, more needs to be done. Most of the labor force in Bangladesh is employed in the informal sector where they lack options for savings and obtaining loans. Engaging these huge populations in formal financial services helps them to save and access credit for entrepreneurial ventures.

Since the start of domestic production, cement manufacturers have produced more than the national demand. In 2019, the effective capacity of the industry stood at 58 million metric tons while the annual demand was 31 million metric tons. With overcapacity and high competition, manufacturers try to sell their products at the lowest possible price. As a result, the profit margin is narrow for most cement companies.

Compared to luxury products and other commodities, the FMCG industry has remained considerably stable, with food and beverages, personal care and household care anchoring the industry in its growth trajectory. Similarly, with greater investment from the government on road-highways infrastructure, the industry has managed to swiftly grow its last-mile logistics and has established intricate distribution networks throughout the country serving SME-level mom-and-pop shops.

Special Economic Zones have established themselves as a stepping stone for economic prosperity and a cornerstone in the larger scheme of Bangladesh’s development agenda.

WRITTEN BY: LightCastle Analytics Wing

LightCastle Analytics Wing is the research division of LightCastle Partners. It is tasked with producing periodic reports on the different sectors of the economy, analyzing trends in markets and making methodical, thorough and intelligent analysis to improve strategy and drive business growth.

For further clarifications, contact here: [email protected]

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