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.
18h 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 13, 2020
Maf Shoes to invest Tk 1,118cr to set up new factory
Maf Shoes, a sister concern of TK Group, is set to invest Tk 1,118 crore to establish an export-oriented footwear manufacturing unit alongside other backward linkage industries at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram.
October 13, 2020
Changes in rules make it difficult for importers to enjoy duty benefit
Importers are facing difficulty in availing duty benefit under the South Asian Free Trade Area after a recent change in rules that are compelling them to offer the hard copy of a key trade document or a bank guarantee to qualify.
October 12, 2020
Cement sales rise slightly
The cement makers are finally getting some respite from the Covid-19 fallout thanks to a slight increase in sales but they believe it will not be possible to book any profit this year.
October 12, 2020
Recovery still slow in leather sector
A return to normalcy is still a far off reality for Bangladesh’s leather sector as the ongoing coronavirus pandemic has led to low domestic demand and a decline in exports, according to industry insiders.
October 11, 2020
Red tape still throws a spanner in the works
In countries like Bangladesh, being successful in life means achieving financial solvency but while many individuals try to do so by starting their own businesses, they are often impeded by numerous roadblocks, said Mohammed Amirul Haque, managing director of Seacom Group.
October 7, 2020
China-funded projects back on track
Almost all of the country’s major development projects being funded by China are back on track following a prolonged hiatus caused by the coronavirus pandemic, the Economic Relations Division and project officials said.
October 2, 2020
Bangabandhu Shilpa Nagar to come under digital security system
The Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) will be brought under a digital security system as a part of the government’s plans to build it up as a ‘smart industrial city’.
October 1, 2020
Delta Agrofood to invest Tk 1,200cr in soy, flour production
Delta Agrofood Industries, a joint venture of SEACOM and Samuda, is set to invest Tk 1,200 crore in the production of various soy and wheat products with an aim to meet the country’s growing demand for healthier consumer goods.
September 30, 2020
Recovery still a long way off for steel makers
A return to normalcy for Bangladesh’s steel manufacturing sector is still a far cry as factories have been forced to limit their operations due to declining demand amid the ongoing coronavirus pandemic, according industry insiders.
September 29, 2020
TK Group to invest Tk 1,744cr at Bangabandhu Shilpa Nagar
Samuda Food Product and Samuda Chemical Complex, two sister concerns of the TK Group of Industries, will invest Tk 1,744.80 crore at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) to produce consumer goods and chemicals.
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