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.
3d 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.
4d 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.
1w 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
May 29, 2023
Steel makers seek tax breaks
Steel makers in Bangladesh are seeking reduced import duty, value added tax (VAT) and other tariffs in the upcoming national budget to provide products at lower prices, meaning that construction costs would likely decrease.
May 24, 2023
Dhaka to get four more 5-star hotels
Dhaka is set to welcome four new five-star rated hotels over the next three years as the growing influx of travellers has heightened the demand for luxury accommodation in Bangladesh.
May 23, 2023
The cost of not getting gas
Delta Agro Food Industries, a joint venture of Seacom Group and Samuda Group, has set up a factory in Narayanganj at an investment of more than Tk 1,200 crore one and a half years ago.
May 22, 2023
Local production propelling the AC market in Bangladesh
Locally manufactured air conditioners (ACs) are starting to dominate the domestic market as consumers are pleased to be getting good quality cooling systems at reasonable prices.
May 15, 2023
62% Japanese firms expect profit in 2023: survey
Around 62 per cent of Japanese companies in Bangladesh expect to turn a profit in 2023 even though the country’s macroeconomic situation is currently unstable, according to a survey of the Japan External Trade Organisation (Jetro).
May 10, 2023
Bangladesh cuts import reliance for lifesaving vaccines
Bangladesh has cut its reliance on the global markets for lifesaving vaccines as a number of local manufacturers are producing quality jabs, saving a significant volume of foreign currencies, industry people say.
May 7, 2023
Sugar production at state-run mills hits 23-year low
With sugar currently retailing for as much as Tk 140 per kilogramme (kg), production at mills of the Bangladesh Sugar and Food Industries Corporation (BSFIC) has hit a 23-year low due to reduced supply of sugarcane.
April 26, 2023
Safety compliances still a far cry
Workplace safety in the RMG sector improved to a great extent. However, the safety and compliance in the non-RMG sectors are yet to improve as per the standards of the garment sector.
April 20, 2023
Eid shopping hits full steam
It was 11.45 pm on Tuesday. Shopping malls and markets usually remain shut at this hour of the day. But, the bustling shopping district for clothing and lifestyle items in the Mirpur-1 area was abuzz with shoppers.
April 17, 2023
AC sales soar as mercury spikes
Demand for air conditioners (ACs) has increased significantly as people rushed to retailers for respite from the ongoing heatwave sweeping across the country.
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