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 3, 2023
Scooter sales lose steam as costlier USD bites
Scooter sales fell 20 % year-on-year in the first 10 months of 2023
December 1, 2023
Imports thru land ports fell 13% in FY23
Imports through land ports declined by more than 13 percent year-on-year in fiscal 2022-23
November 29, 2023
Manufacturers rev up production of higher-cc bikes
government decided to allow up to 350cc bikes to ply the streets of Bangladesh
November 28, 2023
Prices of latex, rubber sheets keep falling, hitting growers
The prices of latex and rubber sheets have continued to fall in Bangladesh, depriving growers of a better return, although manufacturers and exporters are offering higher rates to suppliers.
November 27, 2023
New wage board formed for tannery workers
government formed a five-member wage board without any representative of the tannery workers
November 23, 2023
Brickfields count losses of Tk 1,200cr for cyclone
Brickfields in Bangladesh have incurred losses of around Tk 1,200 crore as heavy rains amid cyclone Midhili on November 16-17 hindered production early this season
November 22, 2023
Oil refiners concerned over new policy
The Ministry of Power, Energy and Mineral Resources issued a gazette notification on the "Establishment of Refineries at Private Level, Storage, Processing, Transportation and Marketing of Crude Oil Imported Policy-2023" on November 20.
November 21, 2023
China seeks loan application for Mongla port expansion
According to the project summary, the Chinese government will provide a loan of Tk 3,782.36 crore under a government-to-government mechanism. The rest, amounting to around Tk 500.39 crore, will be financed by the government.
November 21, 2023
Tk 111 a dollar for import remains only on paper
Earlier this month, the edible oil refiners’ association wrote to the Bangladesh Trade and Tariff Commission seeking to increase prices of cooking oil.
November 19, 2023
Moheshkhali will be a hub for logistics, energy, manufacturing
The Jica director is hopeful about the economic impact of Matarbari deep-sea port.
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