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 8, 2020
Dhaka to get 40-storey skyscraper
A skyscraper much like those in high-flying Singapore, Hong Kong, Mumbai and Malaysia is on way to radiate exuberance over the Dhaka skyline within three years.
January 7, 2020
LPG prices up by 20pc amid instability in global market
The price of liquefied petroleum gas has increased by 20 percent at retail stores in the country on Sunday, around four days after the prices rose in the international market amid a looming supply shortage.
January 1, 2020
City Group to snag its second licence
City Group is set to get the licence today to establish an economic zone, which would be the 11th under the private sector, as part of the government’s push towards industrialisation.
December 29, 2019
Real estate sector bounces back
Things are finally looking up for realtors in 2020 after a bumpy last few years thanks to government support to public servants for housing loans and an increase in home loan ceiling by the central bank.
December 27, 2019
Realtors set sight on Mirpur as metro rail project fuels demand
Major realtors have set their sight on the capital’s Mirpur to propel their growth and court middle and higher middle income groups as the largely under-developed area has turned lucrative since the start of construction of the metro rail that passes through it.
December 26, 2019
Lenders join realtors for winter sales
More than a dozen lenders are taking part in a winter edition of REHAB Fair that kicked off in the capital on Tuesday, eyeing to woo home loan borrowers through different offers.
December 17, 2019
Middle Eastern suppliers eye Bangladesh
Middle East-based cement raw materials exporters are keen to expand their sales in Bangladesh as the country is increasingly scaling up its manufacturing capacity to produce the key construction material to feed the growing economy.
December 12, 2019
Chinese investors seek long-term, stable policies
China has sought stable policies for longer term, including those on taxes and custom duties, to avoid uncertainty as investors from the world’s second-largest economy look to broaden their footprint in Bangladesh and relocate factories.
December 9, 2019
Ceramics sector draws foreign machinery makers
Foreign companies, especially machinery and raw materials suppliers, see huge growth potential in Bangladesh’s rapidly rising ceramics sector.
December 3, 2019
China offers $2.13b fresh loans for two projects
China will sign agreements by next June to provide $2.13 billion in loans for two more projects, including one on the construction of the Dhaka-Ashulia elevated expressway.
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