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
April 11, 2021
BD Finance eyes $2b US investment
Bangladesh Finance and Investment Company Ltd (BD Finance) has signed a deal with US-based Sovereign Infrastructure Group (SIG) to attract $2 billion worth of investment in infrastructure projects in the next two years.
April 6, 2021
Lift supplementary duty
Ceramic manufacturers have demanded the withdrawal of supplementary duties on tiles and sanitary products at production stage to protect the local firms and recover from the losses caused by the coronavirus pandemic.
April 5, 2021
Sudden ‘lockdown’ to affect operations management, industrialists say
Industrialists have found it difficult to instantly implement emergency measures for the smooth continuation of manufacturing operations after the government suddenly announced a nationwide lockdown to curb the spread of Covid-19.
April 4, 2021
Take steps to protect poor, low-income groups
The government should take immediate steps to protect the poor and low-income groups as it is set to impose fresh lockdowns to curb the spread of coronavirus infections, economists said yesterday.
March 31, 2021
Energypac exporting transformers to India’s Adani
Energypac Engineering has begun exporting transformers to Adani Electricity Mumbai, in a testament to the company’s capacity to produce high-quality products.
March 29, 2021
Used flats turning heads
Juned Ahmed, an official of a private bank, bought a 1,525 square-feet used flat in the Sector 10 of the capital’s Uttara at Tk 83 lakh. Had he wanted to purchase a new one, he would have to shell out at least Tk 1.20 crore, an amount that would have been tough for him to manage.
March 24, 2021
Bike makers seek duty benefits for raw materials
Motorcycle manufacturers have demanded duty benefits on component and raw material imports in order to reduce the cost of production and develop the local two-wheeler industry.
March 23, 2021
Beacon may ship $5m pharma products to Syria
Beacon Pharmaceuticals, the local pioneer of oncology product manufacturing, may export $5 million worth of pharmaceuticals to Syria by December this year -- a huge development for the local pharma industry.
March 21, 2021
Ready flats almost sold out
Ask any well-known realtor for a flat ready for sale, chances are there will be just a handful of offers. However, assurances will be aplenty that more are being erected in some ongoing projects.
March 19, 2021
India-funded projects see slow progress
The implementation of the 44-kilometre Dhaka-Tongi-Joydebpur rail line under an Indian line of credit (LoC) has made progress of 31.2 per cent since its construction began 11 years ago.
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