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
April 27, 2020
Beza plans generous incentives to tempt foreign investors
The Bangladesh Economic Zones Authority (Beza) plans to put in place a generous incentive package to perk up the country’s investment climate and attract more foreign investors to economic zones in the post-coronavirus era when companies will scope out new destinations to reduce costs.
April 23, 2020
CHT fruit growers given short end of the stick
If you have had a pineapple recently, there’s a pretty good chance it came from the Chittagong Hill Tracts. That’s because the three districts account for some 60 per cent of the juicy fruit consumed in the country.
April 22, 2020
Ceramic and steel manufacturers not far behind
There is an Ethiopian folk tale of a man who survived a cold night naked on a mountaintop merely by staying transfixed at a distant fire.
April 22, 2020
Local cement makers won’t lay off employees despite setback
Cement manufacturers in Bangladesh would not lay off any employees despite the collapse in demand for the key construction material and economic uncertainties brought on by the coronavirus pandemic, said industry players.
April 16, 2020
Flat sales slow to a trickle
It’s never easy to buy or sell a home -- even in the best market conditions, said Peter Lane Taylor, a contributor to Forbes, in an article on Sunday. And in the current purgatory climate, it’s become nearly impossible.
April 13, 2020
For now, the leather sector’s priority is to just stay afloat
Leather goods and footwear manufacturers and exporters see little possibility of returning to normalcy this year as demand at home and abroad will be depressed for the global coronavirus pandemic.
April 13, 2020
This April was a bitter pill to swallow for sweet makers
At the turn of the year, sweet makers were impatient for the month of April to arrive.
April 7, 2020
Steelmakers facing cocktails of challenges
Steel manufacturers are bracing for massive losses as the coronavirus pandemic has disrupted the import of raw materials and production -- a development that will also deal a blow to real estate and infrastructure projects.
April 5, 2020
Local pharmaceuticals producing anti-flu drug that holds hope of Covid-19 cure
Local pharmaceuticals have produced a drug called Favipiravir -- an anti-flu and viral infection medication -- said to be effective in the treatment of coronavirus patients in China.
April 2, 2020
Saudi company to invest in Ctg Port’s Bay Terminal
Red Sea Gateway Terminal (RSGT), one of the largest container terminal operators of Saudi Arabia, is keen on investing in the construction of Chattogram Port’s Bay Terminal under the public-private partnership model.
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