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
June 3, 2020
Tk 2,492cr projects to fight Covid-19
The government will set up isolation and critical care units in district hospitals all over the country as part of its efforts to fight the coronavirus pandemic.
June 2, 2020
Tk 2,492cr projects to fight COVID-19 to get nod today
Two projects worth Tk 2,492 crore chalked out as part of the government’s plan to fight the pandemic will be tabled in today’s meeting of the Executive Committee of National Economic Council (Ecnec).
June 1, 2020
NTT DoCoMo poured $350m in Bangladesh. But it is now leaving empty-handed.
Japan’s largest mobile firm NTT DoCoMo is leaving Bangladesh after 12 years completely empty-handed despite injecting $350 million in the country.
June 1, 2020
Commercial production starts of another promising COVID-19 cure
Local pharmaceuticals have started commercial production of an anti-flu and viral infection medication found effective in treating novel coronavirus patients by Combined Military Hospital (CMH) and Bangladesh Air Force (BAF).
May 22, 2020
Beximco hands over first batch of remdesivir to govt
Beximco Pharmaceuticals yesterday handed over the first batch of its antiviral drug remdesivir that has shown the most promise in treating Covid-19 patients by cutting the duration of symptoms from 15 days to 11.
May 13, 2020
BB lets foreign firms bring in emergency funds from abroad
The central bank has relaxed regulations for foreign firms operating in Bangladesh such that they can bring in short-term working capital from abroad to tide them over during the pandemic, which has choked off their cash flows.
May 3, 2020
Next year’s budget to be Tk 550,000cr
Keeping in mind the devastating impact of coronavirus and long, arduous road to recovery, the government has prepared a draft budget of Tk 550,000 crore for the next fiscal year, up 5 per cent from this year’s.
April 30, 2020
Dhaka Elevated Expressway work will be in full swing once normalcy returns
The investors of the 47-kilometre Dhaka Elevated Expressway are committed to completing the project as rapidly as possible as implementation had faced a setback due to the pandemic and a fund crisis, said AHMS Aktar, the project director.
April 29, 2020
Wanted: Tk 2,600cr
The global coronavirus pandemic has left no sector unscathed and stopped hardly any businesses from turning to the government for a pie of the stimulus package announced to mitigate the economic fallout.
April 29, 2020
AC sellers in hot water
This was supposed to be a busy summer for the air conditioner manufacturers, what Bangladesh’s tremendous growth momentum that is raising the purchasing capacity of the middle-class and getting better access to electricity and the mercury inching up every year.
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