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
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.
February 26, 2020
Robust exchange rate critical for sustained growth
Poorly managed exchange rate, ad hoc-based incentive and existing domestic protection levels will not make Bangladesh’s exports competitive and help diversify both products and destinations, according to a new plan of the government.
February 24, 2020
Ctg region’s economic zones to get five jetties
Five jetties and necessary infrastructure will be set up in the economic zones in the country’s south-eastern part to ensure comfortable and safe movement of people as well as tourism and landing facilities.
February 23, 2020
Bangladesh: A perfect destination for Japanese firms
Just a decade ago there were only 82 Japanese companies with investments in Bangladesh – at a time when the country lacked a proper business environment with an economy that one could have barely called ‘healthy’ and with infrastructure suffering from deficiencies on many accounts.
February 19, 2020
Japanese firms most optimistic of their prospects in Bangladesh out of Asia
Bangladesh is the top choice for Japanese companies seeking to expand business in Asia and Oceania in the next two years due to its high potential and profitability, according to a survey by the Japan External Trade Organisation (JETRO).
February 12, 2020
Coronavirus puts int’l expos on hold
About seven large-scale international expositions and corporate conferences to be held in Bangladesh have been postponed following the coronavirus outbreak in China, denying organisers and other vested parties from about Tk 250 crore in revenue from the events.
February 11, 2020
Adani Group revving up to kickstart India Special Economic Zone
Indian corporate giant Adani Group is likely to start the site development work of the India Special Economic Zone (ISEZ) by this June, where billions of dollars of investment are expected to pour in from the neighbouring country.
February 9, 2020
Govt has a new headache. It’s the high interest rates on T-bills and bonds
The interest rate on government Treasury bills and bonds, the main instruments for bank borrowing, doubled in the last one year -- a development that will fuel budgetary expenditure and may discourage private sector credit, both of which are already sources of concern.
February 7, 2020
Mirsarai 1 economic zone to be ready on time
The SBG Economic Zone in Mirsarai is expecting to be complete by the year end as promised.
January 31, 2020
Is DITF proof of widening per capita income?
Bangladesh’s per capita income was $1,909 last fiscal year, from $1,751 a year earlier. And proof of this improved wealth can perhaps be found if one visits the ongoing Dhaka International Trade Fair (DITF).
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