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
November 16, 2023
The rise and fall of Sahara founder Subrata Roy
With Subrata Roy's death, a chapter of financial violations described by many as one of India's biggest Ponzi schemes, comes to an end.
November 13, 2023
State-run mills start crushing as sugar price jumps
State-run sugar mills have started crushing locally-grown sugarcane, aiming to produce 33,000 tonnes of sugar in the current fiscal year of 2023-24, said a top official.
November 8, 2023
Actual investment far lower than proposed
Actual investments at six government-owned economic zones have remained at a far lower level compared to the proposals put forward by both foreign and local investors owing largely to inadequate facilities, official figures showed.
November 8, 2023
Meghna Group to assemble Kia SUVs
Meghna Automobiles Ltd, a concern of Meghna Group, is working to assemble passenger cars of South Korean automobile manufacturer Kia in Bangladesh, said a top official.
November 2, 2023
Transport cost goes up, impacting price of essential goods
A three-day blockade enforced by major opposition parties and protests of garment workers disrupted the supply chain of daily essentials and sent the cost of transport higher, according to industry people and traders.
October 29, 2023
‘Bangabandhu tunnel to speed up industrial growth’
The opening of the Bangabandhu Sheikh Mujibur Rahman Tunnel under the Karnaphuli river will lead to the development of numerous industrial units from Chattogram to Cox’s Bazar and encourage urbanisation, said Mahbubul Alam, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
October 27, 2023
LPG imports fall amid dollar shortage
Imports of liquefied petroleum gas (LPG) declined due to problems in opening letters of credit (LCs) amidst the ongoing dollar crisis, operators said.
October 24, 2023
Sales of heavy-duty trucks fall by a third
Sales of heavy-duty commercial trucks in Bangladesh fell nearly 34 percent year-on-year in the January-September period this year due to shrinking economic activities and higher prices stemming from the devaluation of the local currency against the US dollar.
October 23, 2023
Dhaka-Kolkata cruise will now set sail on Nov 20
MK Shipping Lines is planning to operate a cruise from Dhaka’s Sadarghat to Howrah of Kolkata, starting off on November 20.
October 17, 2023
Locally made TVs dominate market
Locally manufactured and assembled televisions now dominate the country’s TV market, with an enormous 90 percent market share, which is a significant change from just 12 years ago, when Bangladesh was fully dependent on imports.
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