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.
22h 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
September 6, 2020
Now northeast India connected via new river route
Premier Cement, a cement manufacturer in Bangladesh, became the maiden exporter to India’s north-eastern state of Tripura through a new river route in a development that is expected to boost cross-border trade and connectivity.
September 3, 2020
Pandemic puts electric vehicle plant in the slow lane
The target of Bangladesh Auto Industries Ltd (BAIL) to market the country’s first locally manufactured electric vehicles will be delayed by up to one year as the ongoing coronavirus pandemic has halted development work of its factory.
September 1, 2020
Cars ‘made in Bangladesh’ on the way
With just a year or so to go for golden jubilee celebrations of independence, Bangladesh is on its way to marking an epoch in history by manufacturing its own brand of automobiles with assistance from Japan.
August 30, 2020
Australian biotech firm to set API plant at BSMSN for $30m
Australian biotechnology company HA TECH will invest up to $80 million, or roughly Tk 700 crore, to establish a large-scale active pharmaceutical ingredient (API) manufacturing facility in Bangladesh that could help the country meet its growing demand.
August 28, 2020
Cement makers place fresh demands before NBR
Cement manufacturers have placed three new demands before the National Board of Revenue (NBR), including the payment of Tk 750 crore as refundable advance income tax (AIT), so that the producers can avail some assistance to cope with their losses amid the ongoing coronavirus pandemic.
August 27, 2020
Runner brings Bangladesh’s first 165cc motorcycles
Runner Automobiles seems to be on a roll. Hot on the heels of its announcement of bringing the famed off-road motorcycles of KTM to Bangladesh, it has now come up with a new two-wheeler with the highest engine displacement the country has seen yet.
August 26, 2020
Reconditioned car imports to be phased out as govt looks to ramp up local assembly
The government plans to phase out the import of reconditioned cars over the next five years in a bid to encourage investments in the assembly and manufacture of motor vehicles within Bangladesh.
August 25, 2020
Remdesivir can rake in Tk 700cr
Bangladesh’s pharmaceutical sector could fetch up to Tk 700 crore by the end of fiscal 2020-21 from export of Remdesivir, a broad-spectrum antiviral medication that has proven to be effective for the treatment of severe Covid-19 cases, according to industry insiders.
August 24, 2020
All hands on deck to get China-funded projects back on track
The government would hold talks with Chinese officials tomorrow as part of its desperate efforts to give impetus to the mega projects held up by the coronavirus pandemic.
August 20, 2020
Beacon Pharma sets up dedicated antibiotic plant for Tk 250cr
Beacon Pharmaceuticals is set to inaugurate a new facility today to manufacture antibiotics exclusively -- a venture that is likely to fetch the company Tk 100 crore in export receipts a year.
X