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
July 29, 2020
What others can learn from Bangladesh on making cancer drugs available
When it comes to making cancer drugs available, Bangladesh is the perfect role model for a fairytale turnaround.
July 28, 2020
China to fast-track construction of its economic zone in Ctg
China has finally decided to speed up the development of the dedicated Chinese Economic and Industrial Zone (CEIZ) in Chattogram mainly to benefit from the competitive advantage Bangladesh enjoys in global trade.
July 27, 2020
Chinese chemical maker rebuffs pandemic fears, wants to invest $300m
Yabang Investment Holdings Group Co Ltd, a concern of Yabang Group of China, has expressed its willingness to invest $300 million in textile and other chemical industries inside Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram.
July 23, 2020
Int’l collaboration ensures quality of locally made medical gowns
A local garment maker has started manufacturing medical gowns whose quality has been ensured through an international collaboration of public and private entities.
July 21, 2020
Pandemic surprise: Washing machines sold out all over
While demand for most home appliances came down during the Covid-19 pandemic holiday since March, sales of washing machines have skyrocketed to the point that some brands have gone out of stock.
July 20, 2020
Pandemic puts a damper on Tata pickup project
The initiative of Tata Motors and Nitol-Niloy Group to assemble the Indian automobile giant’s specialised pickup trucks in Bangladesh has hit a roadblock as the progress of the project is being stymied by the ongoing pandemic.
July 19, 2020
Refrigerator retailers brace for dismal sales this Eid too
Refrigerator manufacturers and retailers could witness poor customer turnout this Eid-ul-Azha, a major Islamic festival that typically accounts for nearly half of the industry’s yearly sales, due to the ongoing coronavirus pandemic, according to market players.
July 16, 2020
Govt to establish technical education institute in Ctg
As part of the government’s initiative to expand Bangladesh’s technical education sector, a general engineering technology centre will be set up at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram.
July 16, 2020
Pandemic leaves plastic goods exporters in a bind
Shipments of plastic products from Bangladesh fell 16 per cent year-on-year to $101 million in fiscal year 2019-20 following the outbreak of coronavirus all over the world.
July 15, 2020
Beza’s one-stop service defies pandemic jitters
Although the coronavirus pandemic is a major obstacle for carrying out regular activities in both the public and private sectors, Beza’s One-Stop Service (OSS) Centre alleviated the situation by providing easy access to information, application processing and other services to investors at home and abroad.
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