Steel sales slump by about 50% as govt projects come to a halt
The demand for steel in Bangladesh has almost halved over the past two months as most construction works have been halted following the recent political changeover, according to industry people.
1h ago
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.
5d 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.
6d 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.
2w ago
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.
March 16, 2021
First river-borne food shipment goes to India today
Bangladesh will send food items to India for the first time through waterways today with the maiden shipment of 25,000 cartons of litchi drinks of local conglomerate Pran.
March 15, 2021
Tax support needed for job recovery
Restructure of corporate tax, improvement in the ranking of the Ease of Doing Business Index, and special allocation for SMEs should get priority in the upcoming budget to draw investment and revive the job market, employers and economists say.
March 14, 2021
No overnight relief from losses
The Bangladesh Sugar and Food Industries Corporation (BSFIC) will not get relief from the losses anytime soon despite closing six mills.
March 11, 2021
Govt, CNNIC to team up to showcase Bangladesh
The government is going to team up with US-based CNN International Commercial for showcasing Bangladesh’s achievements on the global stage.
March 10, 2021
Kiam Metal plans to set up Tk 850cr glassware factory
Kiam Metal Industries, a sister concern of BRB Group, plans to make a foray into the country’s burgeoning glassware market by setting up a Tk 850 crore manufacturing unit.
March 8, 2021
Remdesivir proves pharma strength
Amidst the perfect storm stirred up by Covid-19, a drug used to treat a wide range of viral infections emerged as a silver lining for treatment seekers.
March 5, 2021
IFAD Autos gearing up to enter luxury bus assembly segment
IFAD Autos is all set to make a foray into the assembling business as it is now putting together different components to build 160 luxury buses to cater to the domestic market.
March 4, 2021
$3.6b Chinese loan uncertain after Dhaka drops projects from agreed list
Bangladesh’s hope of securing $3.6 billion in Chinese loans for five projects may not materialise as Dhaka has unilaterally decided to replace them in a list focusing bilateral cooperation.
March 4, 2021
Processors warn of further rise in edible oil price
Edible oil is likely to become costlier in the days ahead because of the upward price trend of soybean and palm oil worldwide as Bangladesh meets 90 per cent of its demand through imports, said processors yesterday.
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