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
March 31, 2020
Infrastructure project works grind to a halt
The coronavirus pandemic has thrown a spanner in the works of all major infrastructure projects, a turn of events that is poised to delay implementation and scale up cost, according to project officials and experts.
March 31, 2020
Corporate giants join in fight
Despite being hit by the fallout of the coronavirus, Bangladesh’s corporate giants are not sitting idle as they have joined the government’s efforts by enhancing supplies to the ill-equipped health sector and extending helping hand to the low-income people who are facing existential crisis because of the lockdown.
March 26, 2020
Car mechanics staring at lay-offs
Automobile garages have joined the growing list of establishments taking a beating from the global coronavirus pandemic, putting in jeopardy the livelihoods of about 5 lakh auto mechanics and technicians.
March 18, 2020
Forex brokers fall victim to coronavirus scare
Dark clouds are brewing on the horizon for money exchangers in Dhaka as coronavirus-induced international flight postponement has led to a drastic decrease in their customer numbers, causing exchange rates to fall.
March 17, 2020
ADP outlay trimmed 4.8pc
The government is going to slash this fiscal year’s development budget by 4.8 per cent from the original outlay mainly due to slow implementation of projects funded by foreign assistance.
March 17, 2020
WB to give $100m to help fight coronavirus
The World Bank will provide $100 million to Bangladesh to help the country take preventive measures in the face of global coronavirus pandemic.
March 15, 2020
Sheltech thrives on ethical business
Integrity, quality construction and timely delivery of projects can bring lasting success and reliability in the real estate business, said Tanvir Ahmed, managing director of Sheltech Group, one of the leading realtors in Bangladesh.
March 12, 2020
Infrastructure equipment market booming on mega projects
Bangladesh’s infrastructure equipment manufacturing sector is undergoing sweeping changes to meet the increased demand brought on by the implementation of the government’s mega projects to accelerate economic growth.
March 8, 2020
Bangladesh: a fertile plain for Japanese investment
Bangladesh’s per capita income will cross $4,000 within next decade and this will act as a springboard for the country looking to become a high-income economy, according to Hitoshi Hirata, chief representative of the Japan International Cooperation Agency (Jica).
February 28, 2020
Meghna’s plan to invest Tk 4,000cr ready for action
Meghna Group of Industries (MGI), a leading Bangladeshi business group, is set to flag off nine industrial units at its economic zone in Narayanganj tomorrow in a bid to meet the country’s growing demand for consumer products and industrial raw materials.
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