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.
14h 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
November 15, 2020
Govt looks to ramp up API production for burgeoning pharma sector
Bangladesh, a laggard in the production of raw materials for the $3 billion pharmaceuticals industry, has made a four-fold jump in the manufacturing of active pharmaceutical ingredient (API) in the last decade to meet growing demand.
November 12, 2020
Development spending rises to four-month high
Development spending rose to a four-month high of Tk 10,151 crore in October as the government has accelerated expenditure to revive the economy reeling under the impacts of the coronavirus pandemic.
November 11, 2020
Private hospitals look to make a turnaround in 2021
Samorita Hospital, the lone listed healthcare provider, yesterday reported a sharp drop in profit for the last fiscal year, reflecting the sluggish business in the country’s private healthcare sector as most treatment-seekers opted to stay away from hospitals.
November 10, 2020
Nitol’s electric car arrival pushed back by pandemic
Nitol Motors’ plan to roll out locally assembled electric vehicles (EVs) has faced a setback as a fallout of the coronavirus pandemic, which is forcing the company to take two and a half years in additional time before making the cars available in Bangladesh.
November 9, 2020
Bike registration fee cut on the way
The Bangladesh Road Transport Authority (BRTA) has proposed reducing the motorcycle registration fee for two slabs to 4.9 per cent and 8.4 per cent respectively to make the popular two-wheelers cheaper for users.
November 6, 2020
Healthcare Pharma going all out
Healthcare Pharmaceuticals Ltd (HPL) is going to invest about Tk 220 crore ($25.68 million) to establish large-scale active pharmaceutical ingredient (API) and formulation facilities to meet their growing demand in Bangladesh.
November 4, 2020
Govt may sign deal on Indian economic zone soon
Bangladesh could sign an agreement with India within a short time to begin construction of the India Special Economic Zone (ISEZ), where billions of dollars of investment are expected to pour in from the neighbouring country.
November 4, 2020
Meghna Group setting up Tk 400cr ceramics factory
Meghna Group of Industries (MGI) is investing Tk 400 crore to set up a ceramics factory at the Meghna Economic Zone in Narayanganj as the conglomerate looks to establish its footprint in the country’s burgeoning sector.
November 2, 2020
Bashundhara bitumen goes into production this month
Bangladesh’s first dedicated bitumen plant established by Bashundhara Group at a cost of around $143.7 million is all set to begin commercial production at the end of this month to meet the domestic demand for asphalt.
November 1, 2020
Joint venture to build Tk 2,000cr cancer hospital
Japanese firm Ship Healthcare Holdings in partnership with Bangladesh’s Aichi Medical Group will set up a 1,000-bed dedicated cancer hospital and research centre in Dhaka at a cost of Tk 2,000 crore.
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