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
July 9, 2021
Bicycle exports hit a new high
Bicycle exports have hit a new high, buoyed by increasing demand for the green mode for transportation aiding social distancing in the face of a surging number of coronavirus infections.
July 7, 2021
Pharma export thrives on Covid medicines
Pharmaceutical shipments from Bangladesh grew 25 per cent year-on-year to $169 million in the last fiscal thanks to the addition of anti-coronavirus drugs to the export basket, continuous improvement of quality and policy support.
July 4, 2021
X Ceramics to go for high-end tiles
The demand for premium quality tiles has grown by around 10 per cent annually for the past decade thanks to a section of affluent customers who look for the finest products to decorate their homes and offices.
July 2, 2021
Rod prices surge for costlier raw materials
The price of mild steel (MS) rods has increased by Tk 1,500 per tonne in Bangladesh in the past month because of the rising cost of raw materials globally, making building houses and implementing infrastructure projects costlier.
June 30, 2021
Home appliance sales to dry up this Eid
Sales for home appliances could dry up in the run-up to Eid-ul-Azha as non-essential retail outlets will remain closed during the strict countrywide lockdown beginning tomorrow.
June 21, 2021
Motorcycle industry regains sales
The market of motorcycles witnessed a slow pace in 2020 due to the impact of Covid-19, but it has seen an auspicious start in 2021.
June 16, 2021
Govt scraps plan to phase out reconditioned cars
The government has withdrawn its plans to phase out reconditioned car imports over the next five years considering the growing demand for private transport, according to the draft Automobile Industry Development Policy 2021.
June 15, 2021
Strong bike industry inspires component makers
Buoyed by the government policy aimed at developing the motorcycle industry, local companies are gradually making a foray into the component manufacturing segment with a view to cutting the country’s reliance on imports.
June 11, 2021
Man behind the rise of Butterfly
Butterfly Group has made its name in Bangladesh with its consumer electronics available on hire purchase, transforming in 34 years from just three outlets to employing around 2,000 employees and having an annual turnover of Tk 850 crore.
June 10, 2021
Steel prices unlikely to cool off despite source tax cut
The cut in source tax in the proposed budget may not bring down the price of steel, meaning the cost of infrastructure and construction projects is unlikely to decline, manufacturers say.
X