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
November 29, 2019
Joint meeting next week to step up pace
The Bangladesh-China joint working group will sit for its first meeting next week, incorporating a new agenda centring Beijing’s interest in investment and trade, to devise ways for expediting implementation of China-funded projects.
November 29, 2019
Bus-truck body builders flex muscles
Just 20 years ago, it was beyond imagination that bodies of buses and trucks would be built in Bangladesh. But companies like Aftab Automobiles stepped forward and made it possible by establishing automobile workshops.
November 22, 2019
Reconditioned car import halves
Import of reconditioned cars fell 46 percent year-on-year to 12,502 units in 2018-19 because of higher duties, a fall in price depreciation, currency devaluation and increasing popularity of hybrid models.
November 19, 2019
ADP projects with token allocation soar
The number of projects in this year’s annual development programme (ADP) getting token allocations has increased significantly, a trick that can keep these projects alive for years.
November 18, 2019
Premier Cement takes up Tk 1,300cr expansion despite industry glut
An unhealthy competition plagues Bangladesh’s cement sector for a 43 percent overcapacity but this seems to have done little to dissuade Premier Cement from realising plans of doubling its annual production by next March.
November 17, 2019
Japan wants cuts in bike registration fees
Japan has come up with more than two dozen proposals, including tax benefits and a cut in motorcycle registration fee, as it looks to boost its investment in Bangladesh.
November 15, 2019
PKSF, partner NGOs building microentrepreneurs
Colourful safe-to-eat vegetables, handicrafts and boutique items adorn a table and hang from walls, bringing to a halt roaming visitors who get closer for a better look.
November 13, 2019
Japan wants incentives, long-term policies to raise investment
Japan has sought competitive incentives and long-term policies to ensure the viability of businesses of its investors who are eyeing expansion in Bangladesh.
November 6, 2019
Overproduction weighs on cement makers
Cement manufacturers are going through a very challenging time because of an unhealthy competition caused by overproduction, market players said yesterday.
October 21, 2019
Mirsarai Economic Zone set to open next month
One factory will go into operation at the Mirsarai Economic Zone (MEZ) next month and another five by June next year as the country’s largest industrial enclave is all set to open its doors to both local and foreign entrepreneurs.
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