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
January 30, 2020
Korean firm seeks 700 acres urgently
Korea Industrial Complex Corporation (KICC) is urgently seeking 700 acres of land in Bangabandhu Sheikh Mujib Shilpa Nagar that it intends to start developing from June.
January 28, 2020
Construction poised to start this year
Construction of a satellite town in Mirpur under public-private partnership (PPP) is likely to take off this year after the maiden initiative of National Housing Authority (NHA) was held up for years, most recently for objections, primarily from people illegally occupying the government-owned land in Section 9.
January 27, 2020
Lubricant consumption rises but prices stay high
The market for various petroleum products has expanded at an average rate of about 6 per cent in the last eight years following a rise in the number of vehicles and power plants in service.
January 23, 2020
Hospitable business climate the Holy Grail of BIDA
Climbing up the World Bank’s definitive Ease of Doing Business index is Bangladesh’s first priority as a solid performance in the ranking would accelerate the flow of domestic and foreign direct investment, said the chief of the Bangladesh Investment Development Authority (BIDA).
January 21, 2020
BEZA’s One-Stop Service to have 4 more services
With just some clicks on a mouse investors can now get as many as 14 major approvals from the One-Stop Service (OSS) Centre on the Bangladesh Economic Zones Authority’s (BEZA) website.
January 15, 2020
Two British firms turn up with $1b investment plan
Two British companies have arrived with an investment plan of $1 billion, a heartening development for the government which has ramped up its efforts to woo in foreign investors.
January 14, 2020
BIDA to roll out the red carpet for foreign investors
BIDA has shelled out Tk 2 crore to set up a lounge at the Hazrat Shahjalal International Airport as part of its efforts to woo in foreign investors to boost the country’s historically low investment from abroad.
January 13, 2020
Foreign companies at DITF see Bangladesh as a potential market
Foreign participants at the Dhaka International Trade Fair (DITF) eye Bangladesh as a potential market given the country’s rising per capita income and vast consumer class.
January 12, 2020
Le Méridien leveraging Bangladesh’s growth momentum
Le Méridien Dhaka began its journey a little over four years ago but the upscale hotel has already been able to win the hearts of both travellers and locals alike.
January 9, 2020
Purbachal’s water supply to be under private sector
Water supply in the Purbachal New Town in the outskirts of Dhaka would be provided by a private sector player, in a development that can be viewed as the government opening up the country’s utility services.
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