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.
16h 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
October 27, 2020
Govt may involve China in elevated expressway project
The government is keen on implementing the Dhaka East-West Elevated Expressway project with support from China instead of Malaysia under the public-private partnership (PPP) model.
October 26, 2020
BSRM to invest Tk 50cr in cashew nut processing plant
Bangladesh Steel Re-Rolling Mills (BSRM) will invest Tk 50 crore to set up a cashew nut processing plant at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), a move that will boost the local economy and encourage farmers.
October 25, 2020
Economic zone investors worried over Beza’s sudden service charges
Bangladesh Economic Zones Authority (Beza) has apparently gone back on its words to recently impose utility service charges, topped off with VAT, alongside a conservancy charge on investors.
October 23, 2020
Outbound remittances remain largely untraceable
Foreign nationals working legally and illegally in the local, foreign and multinational companies in Bangladesh send home billions of dollars every year, but there is no reliable data that can capture the true extent of the outbound remittance.
October 20, 2020
Bangabandhu Shilpa Nagar taking shape defying all odds
The Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) seems to be taking shape day by day as investors have started developing the physical infrastructure of the 30,000-acre economic zone.
October 20, 2020
ADP spending rebounds after pandemic pause
Development spending rose 16 per cent year-on-year to Tk 8,950 crore in September in a reassuring development for the government desperately trying to give a leg-up to the economy reeling from the coronavirus pandemic.
October 18, 2020
Unitex Group to splash out Tk 650cr on new ventures
Unitex Group plans to invest about Tk 650 crore to set up manufacturing plants for chemicals, steel and paint at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram.
October 18, 2020
Vaccine Procurement: Govt seeks $500 million from Japan
The government has sought financial support of $500 million from Japan for the procurement of Covid-19 vaccine.
October 15, 2020
Local assembly should ensure fair competition in car industry
The government’s plan to introduce ‘made in Bangladesh’ cars will benefit the country only if a level playing field is created for the reconditioned and locally assembled motor vehicles.
October 14, 2020
Two new units of Premier Cement remain idle for pandemic
Premier Cement is yet to begin production at two of its new manufacturing units despite getting fully prepared in March, as a few key foreign experts and workers of the company could not return to Bangladesh due to the Covid-19 outbreak.
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