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
March 25, 2022
Paper price hike hands fresh blow to education, printing
The education sector and the printing industry have been dealt a major blow no sooner had they begun to make a comeback from two-year-long closures and business slowdown owing to the coronavirus pandemic.
March 24, 2022
Rod prices cross Tk 90,000 per tonne
The price of steel in Bangladesh has jumped 3.34 per cent within a span of just one week, with manufacturers citing it as a ripple effect of rising global demand for scrap and a recent hike of local fuel prices.
March 23, 2022
Bproperty creating an industry for second hand flats
In only a few years, property solutions provider Bproperty has created a branch of the real estate industry focused on the trade of second hand flats. Mark Nosworthy, CEO of Bproperty, sat with The Daily Star to express his views on the country’s real estate sector and how Bproperty fits into the big picture.
March 23, 2022
Berger Fosroc opens new construction chemical plant
Berger Fosroc Ltd, a joint venture of Berger Paints Bangladesh and Fosroc International Ltd, yesterday opened a construction chemicals plant to cater for the growing domestic market for chemicals and cut import dependence.
March 16, 2022
Medicine exports to developed markets on the rise
Medicine exports to the developed countries are steadily growing riding on the attainment of regulatory approval from the US, European and some other countries helped by Bangladesh’s capacity to produce high-quality drugs at affordable prices.
March 10, 2022
Russia-Ukraine war fuels aluminium prices
The price of aluminium products in the domestic markets has increased abnormally in the last couple of weeks due to the rising cost of raw materials at the international level, according to industry insiders.
March 7, 2022
Light commercial vehicle market expanding
The market for light commercial vehicles (LCVs) is growing steadily thanks to the rising number of small and medium enterprises and young entrepreneurs running businesses all over Bangladesh, according to market players.
March 6, 2022
Lack of technology, research barring jute diversification
The government’s jute diversification plan is a good initiative but its implementation has been slow due to a lack of technology, skilled manpower and relevant research, according to industry insiders.
March 4, 2022
Competition choking small cement makers
Rising freight rates globally for demand recovery and supply disruptions as well as an increase in transport costs locally owing to a hike in diesel prices have made it difficult for small-scale cement manufacturers to compete in Bangladesh.
March 1, 2022
Construction of state economic zones taking too long
The implementation of the government’s plan to bring about large-scale industrialisation is in the slow lane as only two state-run economic zones are currently ready for setting up factories although Bangladesh set out nearly seven years ago to establish them.
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