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
April 16, 2023
AC sales soar amid heatwave
The demand for air conditioners has increased 25 per cent year-on-year
April 16, 2023
Amnesty to legalise black money unethical
The Consumers Association of Bangladesh (CAB) chief has voiced its opposition to the apex trade body’s demand to reintroduce the facility of unconditional amnesty to the investments of black money in the real estate sector.
April 14, 2023
Unlike the past, electronics sales down this Eid
The sales of electronic home appliances usually pick up ahead of Eid-ul-Fitr as retailers introduce new models and offer discounts and consumers are awash with cash.
April 13, 2023
High-end motorcycle sales slower this Eid
Sales of motorcycles, particularly high-end ones, ahead of Eid-ul-Fitr were impressive over the last one decade but this year is quite different as demand is low due to an increase in inflationary pressure, economic crisis and an increase in prices of the two-wheelers.
April 11, 2023
Car sales plunge for higher prices, uncertainty
Sales of passenger cars declined significantly in the first quarter of 2023 owing to higher prices and macroeconomic volatility, industry people said
April 7, 2023
Advance bookings for Eid vacationers going slow
Advance bookings for flights and lodging for the upcoming Eid holiday are going slower compared to last year due to the ongoing inflationary pressure resulting from an economic crisis, according to industry insiders.
April 5, 2023
Bangladesh yet to utilise Japan’s China Plus One policy
In 2008, the Japanese government announced the “China Plus One” policy, focusing on relocating its sunset industries from China to other countries.
April 4, 2023
Ceramics sales down as consumers cut back on expenses
Sales of ceramics items have dropped by up to 20 per cent in Bangladesh as consumers cut back on their non-essential expenditures and the real estate sector faces a slowdown amid economic uncertainty and higher inflationary pressures, industry people said.
April 2, 2023
Cargo movement thru waterways plunges
Inland water cargo vessel operations in Bangladesh declined 30 per cent over the past eight months as imports have fallen significantly amid global economic uncertainties stemming from the ongoing Russia-Ukraine war, according to industry insiders.
March 27, 2023
Bike sales drop 30% in two months
Motorcycle sales declined by 30 per cent in Bangladesh in the past two months due to higher inflationary pressures and a draft policy that makes securing a driving licence mandatory before buying two-wheelers.
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