Automobile sales drop amid economic downturn, political jitters
Automobile sales have dropped substantially since July this year amidst the economic downturn and political turmoil, denting any hopes of recovering from last year’s slump, according to market insiders.
2d ago
No progress in upgrading six closed sugar mills as prices soar
The fate of six state-owned sugar mills remains uncertain as there has been no upgrading progress since those were closed three and a half years ago, contributing to soaring prices of the sweetener in the local market.
3d ago
Assembled by Meghna, three brand new KIA SUVs hit the road
Meghna Automobiles, the automotive arm of Meghna Group, began selling three locally assembled sport utility vehicles (SUVs) of South Korean automobile manufacturer KIA recently.
6d ago
Cement demand plummets as public projects lie dormant
Sales of cement nearly halved in the last couple of months as real estate developers shelved construction plans while public projects came screeching to a halt in the face of nationwide unrest and the sudden political changeover.
1w ago
Tyre makers gear up to fill void left by Gazi
Tyre makers in Bangladesh are ramping up production in a bid to expand their market share by catering to a potential supply shortage that may arise from the recent destruction of the Gazi Tyres factory in Rupganj upazila of Narayanganj.
1w ago
Tyre prices soar on rising costs for raw materials
Global hikes in tyre and tube-making raw materials rates and a factory rampage at local key manufacturer Gazi Tyres have caused a shortage and price hikes for the auto item used in lightweight two- and three-wheelers like motorbikes and auto-rickshaws.
1w ago
Gazi Tyres workers face the fallout of mindless destruction
Standing outside the charred ruins of the Gazi Tyres factory in Rupsi, Rupganj on September 9, Billal Hossain was staring at a bleak future.
1w ago
Luxury hotels fall silent as business travellers fade away
Luxury hotels in Dhaka are yet to resume normal business activities as foreign and local clients do not feel confident in travelling to the country given that the overall situation is still unstable.
2w ago
January 24, 2024
Economy to take a beating for acute gas crisis
With industries suffering from the gas crisis, it might cause the consumers higher price concerns
January 22, 2024
Dhaka sees changing skyline indicative of growing economic strength
Even though high-rises are mostly Dhaka centric, they reflect an overall economic strength of the country, according to experts
January 21, 2024
Bowing to corruption remains the norm for businesses
Businesses in Bangladesh keep bowing to corruption as it has unfortunately become the way to do business
January 19, 2024
Car sales screech to 10-year low as prices accelerate
US dollar crisis and economic vulnerability has caused passenger car sales to plummet to a 10-year low
January 16, 2024
Output falls 25% for packaging industry amid lower demand
Under supply of raw materials and a decline in demand resulted in contraction of 25 percent in 2023 for packaging industry
January 15, 2024
Dollar crisis puts small and medium firms on weaker footing
Dollar crisis along with LC opening difficulties is giving small and medium firms no respite
December 28, 2023
Tourism fared well in 2023 despite jitters
The overall tourism industry in Bangladesh performed well throughout the outgoing calendar year despite facing adversity in the final quarter due to ongoing political unrest, according to industry people.
December 28, 2023
Businesses to face inflation, currency headwinds in year ahead too
Businesses in Bangladesh will face challenges in managing the impacts of higher inflation and exchange rate in 2024 as well while the cost of production and operation may increase amid the rising bank interest, several business and corporate leaders warn
December 25, 2023
Fazlur Rahman: The man who came from humble beginnings and built an empire
More than 60 years ago, an adolescent Fazlur Rahman got an unexpected start to his journey in business.
December 25, 2023
PRAN-RFL investing TK 700cr to make opal glassware
PRAN-RFL Group is investing Tk 700 crore to set up factories for the manufacture of opal glassware and polystyrene sheets
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