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.
4d 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.
5d 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
October 28, 2021
Five lenders arrange Tk 167cr for first electric vehicle plant
Five banks and non-bank financial institutions are going to provide a syndicated loan of Tk 167 crore for the country’s first electric vehicle (EV) manufacturing plant of Bangladesh Auto Industries Ltd (BAIL).
October 22, 2021
Inflation creeping up
Inflation in Bangladesh increased for the third consecutive month in September as prices of both food and non-food items are showing upward movement, hurting the low-income people.
October 19, 2021
Melamine market growing steadily
Households in Bangladesh have historically tended to use earthenware, china, stainless steel and even pewter for dinnerware. But once its use came to be known, melamine products quickly gained popularity, especially in rural and semi-urban areas.
October 18, 2021
Steel prices on upward curve
Steel prices in Bangladesh have been on an upward curve as millers hiked the rates in the wake of continuous spiralling of scrap metals in the international market owing to a pickup in demand and constrained supplies.
October 14, 2021
Pharma exports surge 33pc
Pharmaceuticals shipment from Bangladesh grew 33 per cent year-on-year in the first quarter of the current fiscal year on the back of anti-coronavirus drugs and cash incentives of the government.
October 12, 2021
Leather goods export exceeds pre-pandemic level
Exports of leather and leather products from Bangladesh exceeded the pre-pandemic level in the first quarter of the current fiscal year as Western economies reopened following extended coronavirus pandemic-induced closures, pushing up demand.
October 5, 2021
Rising int’l coal prices may affect domestic market
A huge demand for coal in China has had a butterfly effect that may reach Bangladesh’s construction, garment, and power generation industries as the highly-required fossil fuel is becoming increasingly expensive in global markets.
September 24, 2021
Automobile policy hits the road, aims to cut import
Bangladesh will cut its over-reliance on imported vehicles, switch to electric modes of transportation and become a regional hub for automobile manufacturing by 2030 as the government unveiled the country’s first-ever policy to develop the sector.
September 22, 2021
Leasing out state jute mills: Ministry vetting 12 proposals
Over a year past shutting down state-run jute mills, the government has made little progress in modernising and reopening them, up until now having merely selected some potential lessee proposals for ministry-level vetting.
September 17, 2021
Aluminium product prices go up
The price of aluminium products has increased significantly over the past year due to the rising cost of raw materials at the international level, according to industry insiders.
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