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
December 25, 2023
Geyser sales gaining steam
Sales of geysers have increased this year thanks to the changing lifestyle of people living in urban and rural areas of Bangladesh
December 22, 2023
Exports of paper and paper items reach 5-year high
The exports amounted to $110 million, a year-on-year growth of 51.42 percent, according to data of the EPB
December 21, 2023
Lower sales of agri-machinery, spare parts hurting light engineering sector
Segments of the light engineering sector suffering from significantly lower sales for the past one-and-a-half years
December 20, 2023
Cement makers slash output as political tension flares up
Cement makers in Bangladesh have reduced production as political tension slowed sales amid a slowdown in construction projects
December 18, 2023
Leather sector wasting opportunities
The leather sector cannot ensure value addition of over 65 percent whereas there is potential to reach 90 percent
December 15, 2023
Pragati yet to get go-ahead to assemble sedans
Earlier in May, Pragati reached a consensus with Mitsubishi Motors Corporation to establish a complete knock-down setup for assembling sedans
December 11, 2023
Govt ponders running industries on LPG
The government has formed a panel to frame a policy by identifying the potentials and challenges of use of liquefied petroleum gas (LPG) in the industrial sector.
December 8, 2023
Leather, leather footwear sales in slow lane at home, abroad
leather and leather goods sector in Bangladesh is witnessing slow sales both at home and abroad amid ongoing global economic crises
December 6, 2023
Bangladesh’s leather exports to benefit from CETP upgrade
two tanneries of Apex and Bay Leather to set up their own effluent treatment plants and other companies are waiting for permission
December 5, 2023
Political unrest puts steel millers in a bind
construction activities in Bangladesh usually peak during the dry season from November to March, steel millers are concerned about the reduced demand for 60-grade mild steel (MS) rods
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