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
August 17, 2021
New plants stuck in pandemic
For one and a half years, Premier Cement has repeatedly pushed back its plan to start the commercial production at a newly built manufacturing unit in Chattogram.
August 16, 2021
Joydebpur-Ishwardi Double-Line Project: ERD urged to budge China on funding
The railways ministry recently requested the Economic Relations Division to urge the Chinese government to re-evaluate its decision to not finance the Joydebpur-Ishwardi double-line project.
August 13, 2021
Modernisation of sugar mills: Little progress in 8 months
Although eight months have passed since the closure of six sugar mills, there has been little progress in modernising them owing to red tape.
August 11, 2021
Car sales stuck in slow lane
Car importers and retailers in Bangladesh are in a tight spot as they are finding it difficult to keep businesses running because of the plunge in sales caused by the second wave of coronavirus infections.
August 9, 2021
Small rawhide traders in trouble
Rawhide traders running small-scale operations are in trouble as they cannot sell their salt-cured hides at prices of their expectations due to influential traders seeking to slow the pace of purchases at this moment.
August 1, 2021
25 lakh masks sold daily
One and a half years ago, the demand for surgical masks in Bangladesh was met through imports. But the deadly coronavirus pandemic has pushed the local companies to build capacity to produce the essential item locally as the country struggles to tame the contagion.
July 29, 2021
Home appliance assemblers turning into manufacturers
The value-added tax exemption for producing air conditioners, refrigerators and freezers locally has created interest among home appliance manufacturers in Bangladesh as firms are increasingly setting up full-fledged facilities, cutting their reliance on assembling.
July 19, 2021
June inflation highest in 8 months
Inflation spurted to 5.64 per cent in June, the highest in eight months, reflecting the disruptions faced by the supply chain and the rise in the cost of living, official figures showed yesterday.
July 12, 2021
Bangladesh takes to refining gold
Bangladesh is advancing towards taking up the trade of refining gold in a bid to cater to the nearly $230 billion worth global gold jewellery market, meet domestic requirement and curb smuggling.
July 11, 2021
Non-RMG workers left uncared for
Hardly any improvement in workplace safety has taken place at the non-garment factories over the years as the authorities were primarily bogged down in fixing the loopholes in the apparel industry.
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