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
October 16, 2023
Reconditioned car imports, sales decline
Both imports and sales of reconditioned cars declined due to price increases stemming from the increase in the price of US dollars and the prevailing macroeconomic vulnerability, according to market insiders and market data.
October 10, 2023
No good news in investment as well
With major indicators showing stress in the economy, there is no good news in the investment flow too as investors now prefer to stay away from taking new projects or expanding their existing capacity.
October 9, 2023
Automobile policy attracts fresh investment
Fresh investment of around Tk 2,500 crore has been made in the automobile industry in the past two and half years since the formulation of the Automobile Industry Development Policy 2021, according to industry insiders.
October 8, 2023
Local companies display strength of global standard
The contribution of local construction companies and building material suppliers to establishing the third terminal of the Hazrat Shahjalal International Airport (HSIA) is proof of their capacity to provide world-class products and services, according to industry people.
October 5, 2023
New drug act to take pharma sector to greater heights
The new Drugs and Cosmetics Act 2023 will help the pharmaceuticals sector of Bangladesh get rid of adulterated and substandard medicines and climb to the next heights, manufacturers say. .The inclusion of rigorous punishment for offences will also be beneficial, they say. In the Drugs (Con
October 2, 2023
TV sales down despite Cricket World Cup
With just days to go before ICC Cricket World Cup 2023, television purchases should have naturally picked up by now, with demand primarily expected to arise from sports enthusiasts trying to make do with limited means.
October 2, 2023
Ramgarh land port to be inaugurated this week
A land port in Khagrachari’s Ramgarh upazila, around 99 kilometres away from the country’s biggest sea port in Chattogram, is set to open tomorrow, which is likely to boost trade and tourism between Bangladesh’s southeast regions and India’s northeastern states.
September 26, 2023
Tourism awaits a fillip from long weekend
In Bangladesh, the peak season for the tourism and hospitality sector begins in September and continues until March. And the upcoming long weekend is going to provide an initial boost to the sector, with operators in major holiday destinations coming up with various offers.
September 26, 2023
Bangladesh starts exporting printed circuit boards
While already established as a major player in garment and pharmaceutical exports, Bangladesh is now expanding its presence in the global market for high-tech circuitry, namely printed circuit boards (PCBs).
September 25, 2023
Tourism awaits a fillip from long weekend
In Bangladesh, the peak season for the tourism and hospitality sector begins in September and continues until March. And the upcoming long weekend is going to provide an initial boost to the sector, with operators in major holiday destinations coming up with various offers.
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