"Over 150 Companies Closing Operations"
"Over 150 Companies Closing Operations."
According to the report, due to various factors, including the economic crisis, more than 150 local and foreign companies, including City Group, BSRM, and US-Bangla, have decided to shut down their businesses over the past two months.
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| Businesses Closing |
Among them, 83 companies have already fully closed between July and September. Analysts describe this trend as somewhat unusual.
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While 275 companies closed down in the last fiscal year, the current trend in the first three months of this fiscal year suggests that the number of closures by the end of the fiscal year will be much higher.
Experts warn that if the business environment does not improve, more companies could face closure. Furthermore, due to the lack of initiatives to attract investment, no new opportunities seem to be emerging. In this situation, business leaders are seeking government assistance to solve the problem.
According to the companies’ provided information, the board of directors of these firms has decided to permanently shut down the companies.
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