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
September 15, 2021
BBS failing to publish crop data on time
It has been six months since farmers have harvested potato and wheat. However, if anyone requests for data about the quantity of the crops produced and their acreage in the latest harvest from the Bangladesh Bureau of Statistics (BBS), the state agency responsible for generating data nationally, they will be disappointed as no information is available.
September 13, 2021
Govt doubles down on efforts to attract foreign investment
With investment stagnating at a dismal level and foreign direct investment hovering around $2.5 billion annually, the government is going to hold a summit in a bid to attract foreign investors and break the current stalemate.
September 9, 2021
Luxury hotels turning around
After a prolonged lockdown, business of star-rated hotels has slightly improved amid the pandemic as business travel and flight operations have resumed, according to industry insiders.
September 8, 2021
BSRM ready to produce LRPC strands
Bangladesh Steel Re-Rolling Mills (BSRM) is all set to introduce a new construction material called “Low Relaxation Prestressed Steel Strand (LRPC strand)” in a bid to cater to the Tk 3,000 crore market segment which is currently dominated by imports.
September 6, 2021
Indian funds sit idle for slow project implementation
Bangladesh has utilised just 6 per cent of three Indian lines of credit (LoCs), collectively worth more than $7 billion, in the past decade because of slow project implementation.
September 2, 2021
Hatil: from an idea to an established brand
Just after completing his graduation in 1988, Selim H Rahman, chairman and managing director of Hatil Furniture, started gathering experience in the timber business and together with his father, developed an idea to manufacture doors on a commercial basis.
August 25, 2021
Flat prices on the rise
The prices of flats have started to rise in Dhaka ending a three-year stagnation as demand for new homes increased and construction costs surged.
August 23, 2021
DBL on $650m expansion spree
DBL Group, one of the leading exporters, is going to invest $650 million to set up 10 manufacturing units for textiles, ceramics, and sanitary ware at the Sreehatta Economic Zone in Moulvibazar.
August 19, 2021
N Mohammad Plastic plans Tk 500cr expansion
N Mohammad Plastic Industry, a concern of Chattogram-based N Mohammed Group, plans to make a fresh investment of around Tk 500 crore to expand business for increasing its market share alongside exports. Bangladesh currently manufactures over 142 plastic items and mainly exports intermediate products like film plastic, household items and garment accessories.
August 19, 2021
Anwar Hossain departs but his fame lives on
After the partition of India and Pakistan in 1947, then East Pakistan was not an ideal place for local entrepreneurs to do business as non-Bangalees from West Pakistan were in complete control.
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