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
July 17, 2023
Construction aggregate market grows sevenfold in a decade
The sale of construction aggregates is growing steadily in Bangladesh in tune with increasing infrastructure development and economic activities, according to industry insiders.
July 16, 2023
‘Costly production brings down exports’
Exports of processed agricultural products declined in the immediate past fiscal year for a hike in the cost of production and raw materials which eroded competitiveness in the international market, according to Ahsan Khan Chowdhury, chairman and chief executive officer of Pran-RFL Group.
July 13, 2023
Pragati’s car sales plunge 75% for govt austerity measures
The sale of vehicles of state-run automobile assembler Pragati Industries Limited has declined 75 per cent year-on-year in fiscal year 2022-23 owing to a halt in such purchases by the government.
July 10, 2023
Ceramics export rises to four-year high in FY23
Bangladesh’s exports of ceramic products rose to a four-year high in the just-concluded fiscal year although the growth slowed as manufacturers failed to deliver products on time owing to the shortage of gas, official figures showed.
July 9, 2023
High-end car sales in slow lane
Sales of sport utility vehicles (SUVs) and luxury cars are in the slow lane as the demand for high-end automobiles has fallen significantly amid the ongoing economic crisis, according to market players.
July 7, 2023
Bicycle exports backpedal by 15.31pc
Bicycle exports from Bangladesh declined 15.31 per cent in the preceding fiscal year (FY) as demand fell amid the global cost-of-living crisis resulting from the ongoing Russia-Ukraine war.
July 6, 2023
Pharmaceutical exports shrank 7pc in FY23
Pharmaceutical exports from Bangladesh shrank 7 per cent year-on-year in fiscal 2022-23 due to the impacts of global economic crises and subsequent US dollar shortage in most underdeveloped countries.
July 5, 2023
Falling exports of four major sectors raise alarm
Although Bangladesh posted a higher export growth in the just-concluded fiscal year on the back of garments and some non-traditional items, four major sectors suffered a fall, raising concerns for the economy and the employment sector.
July 4, 2023
Padma Bridge Rail Link Project: Railway seeks one-year extension on loan tenure
Bangladesh Railway (BR) is seeking a one-year extension on its loan tenure for the Padma Bridge Rail Link Project as a means to avoid upward cost revisions resulting from hassles in clearing payments after the task is complete.
June 28, 2023
Motorcycle sales in the slow lane ahead of Eid
Sales of motorcycles, particularly low-end ones, were disappointing ahead of the upcoming Eid-ul-Azha as the ongoing inflationary pressure has limited peoples’ purchasing power, according to market players.
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