Four steelmakers control 53% of the market: study
Although there are around 40 steelmakers in Bangladesh, just four based in Chattogram are currently catering to 53 percent of the total demand, according to market studies and industry insiders.
3d ago
Govt brings down ADP for a lack of fund
The government is currently faced with a lack of funds, evidenced by a reduction in allocations it provided from the exchequer for the upcoming Annual Development Programme (ADP), said Fahmida Khatun, executive director of the Centre for Policy Dialogue.
4d ago
Too much of cement: production capacity outstrips demand
Competition in the cement industry of Bangladesh could become even narrower as smaller producers are at risk of going out of business due to overcapacity in production and increasingly higher input costs.
6d ago
Steel consumption to increase 25% by 2027: study
Steel consumption in Bangladesh is projected to rise by 25 percent to around 1.06 crore tonnes in 2027 from 85 lakh tonnes in 2024 thanks to growing infrastructure development projects and individual consumption, according to Bigmint.
1w ago
Uttara: A city within a city
Before the 90s, Uttara offered little aside from open fields of green and waterlogged land.
1w ago
Retailers, brands flock to Uttara
The consumer market in Uttara, a planned suburb in Dhaka city, has witnessed steady growth over the years, prompting many retailers and brands to expand their operations in the area.
1w ago
Beyond Dollar: Bangladesh to seek over 36b yuan in Chinese loans
Bangladesh is going to seek more than 36 billion yuan, equivalent to $5 billion, as soft loans from China to reduce pressure on its dollar reserves.
2w ago
State-run oil companies see double-digit profit growth
The three state-run oil companies in Bangladesh booked double-digit growth in profits during the first nine months of the current fiscal year even after a decline in sales mainly due to a rise in income from bank deposit interests.
2w ago
March 3, 2024
'Almost all restaurants lack fire suppression systems'
There is hardly any restaurant in Bangladesh with a proper fire suppression system while only a handful among the owners are aware of fire safety measures, said a top leader of the Bangladesh Restaurant Owners' Association (BROA) yesterday.
February 29, 2024
Proton CEO Li Chunrong arrives in Dhaka to launch Proton X90
Li Chunrong, chief executive officer of Proton, arrived in Dhaka yesterday to take part in an event where Proton X90 will be unveiled.
February 29, 2024
Ensure cold chain logistics to reduce $2.4bn post-harvest losses
Bangladesh faces annual post-harvest losses of about $2.4 billion as the country lacks essential cold chain infrastructure and services known as temperature-controlled logistics (TCL), according to a paper presented at a conference.
February 25, 2024
Currency swap to help banks facilitate imports
Small and medium enterprises (SMEs), as well as the rest of the economy, will benefit from banks’ increased capacity to support imports thanks to the newly launched currency swap, said Ashraf Ahmed, president of the Dhaka Chamber of Commerce and Industry (DCCI).
February 20, 2024
Bangladesh to get first ‘green’ residential project with Tk 1,080cr investment
Ananta Group, one of the top garment exporters, is going to build Bangladesh’s first environment-friendly residential complex in the capital city with an estimated investment of Tk 1,080 crore.
February 19, 2024
8 banks, NBFIs to provide Tk 362cr for a private economic zone
Eight banks and financial institutions of Bangladesh and the World Bank are going to provide a syndicated credit facility of around Tk 430 crore for the development and expansion of Bay Economic Zone Limited (BEZL).
February 16, 2024
Rancon teams up with Genex to set up 21 EV charging stations
Rancon Motors, the sole distributor of Mercedes-Benz in Bangladesh, has teamed up with Genex Infrastructure to set up electric vehicle (EV) charging stations around the country to provide charging facilities in the future.
February 12, 2024
Mongla yet to become a port of choice among businesses
Mongla Port, which was expected to get a new lease on life due to the increasing flow of imported and exported goods after the opening of the Padma Bridge, is yet to become a port of choice among businesses.
February 12, 2024
Pharma sector shows signs of recovery
The pharmaceuticals sector of Bangladesh appears to be rebounding from the crisis stemming from both external and internal fronts in recent years as exports are growing, said a top official.
February 9, 2024
Policy uncertainties driving away FDI
Policy and regulatory uncertainties are major factors discouraging foreigners from investing in Bangladesh, for which foreign direct investment (FDI) has remained low in spite of government efforts, said Syed Akhtar Mahmood, former lead private sector specialist at World Bank Group
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