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.
1d 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.
6d 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.
1w 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.
2w 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
August 19, 2020
Investors of economic zones seek PMO’s help to clear hurdles
The Bangladesh Economic Zones Investors Association (BEZIA) has sought intervention from the Prime Minister’s Office (PMO) to help address some of the obstacles for investment in the country’s economic zones.
August 18, 2020
Bashundhara Group to fork out Tk 4,350cr to set up three factories at BSMSN
Bashundhara Group, one of the largest business groups in Bangladesh, is set to establish three new enterprises with a total investment of Tk 4,350 crore at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai, Chattogram.
August 17, 2020
Real estate sector becoming more optimistic of a rebound
Bangladesh’s real estate sector will hopefully be able to cope with the ongoing coronavirus pandemic as instalment collection on previous sales started to pick up after the economy reopened in June, according to various realtors and financiers.
August 16, 2020
Another sign of economic rebound: sales of commercial vehicles springing back
Sales of commercial vehicles like trucks and pickups have started to bounce back as economic activities are finally gaining momentum following a two-and-a-half-month-long government-enforced pause amid the pandemic.
August 14, 2020
Cement-makers’ plight seems to be over
Cement manufacturers can breathe a sigh of relief at least for now as the sector has been showing some signs of recovery for the last two months from the coronavirus pandemic.
August 12, 2020
Ceramic industry breathes easier as sales start picking up
Bangladesh’s ceramic industry have enjoyed some relief from the coronavirus fallout in the past two months as domestic sales are showing signs of some recovery following the collapse in demand caused by the nationwide shutdown.
August 10, 2020
Bangladesh leans to China for Teesta management amidst Indian neglect
With years of diplomatic negotiations with India over the Teesta river’s management leading to no visible output, the Ministry of Water Resources is now seeking to get it done by China, that too with a loan from the latter.
August 7, 2020
France to provide €150m to bounce back from downturn
The Agence Française de Développement (AFD), the French government arm that deals with overseas aid, has joined the long list of development partners that have come forward to help Bangladesh in its efforts to recover from the economic whiplash brought on by the global coronavirus pandemic.
August 7, 2020
Runner Auto bringing KTM motorcycles to Bangladesh
The famed off-road motorcycles of KTM would soon be available in Bangladesh thanks to Runner Automobiles, which yesterday announced an agreement with Bajaj Auto that part-owns the Austrian bike brand to become its authorised distributor.
July 30, 2020
Self-sufficiency in cattle thanks to fattening ops
Farming sacrificial cattle has turned so lucrative that numerous small- and large-scale fattening operations have been set up in the last couple of years, drawing huge investments and eventually meeting the demand during Eid-ul-Azha, the second largest religious festival of Muslims.
X