Foreign investors want ‘plug and play’ production setups
Foreign investors expect hassle-free, ready-to-use industrial setups, which the country’s leather sector, especially footwear and associated goods, lacks, says Md Saiful Islam, president of the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI).
5 February 2022, 18:00 PM
First industrial park for shoes shaping up
A top footwear manufacturer is setting up a shoe industrial park, the first of its kind in Bangladesh, to supply import substitute raw materials and accessories to producers, boost exports and attract foreign investment.
5 February 2022, 18:00 PM
McDonald Steel first to begin production
Bangladesh’s largest industrial enclave, Bangabandhu Sheikh Mujib Shilpa Nagar, in Mirsarai, Chattogram, finally witnessed the start of operations of its maiden factory last week.
31 January 2022, 18:00 PM
Local steel products shaping Dhaka Metro Rail
While foreign construction firms are using imported prefabricated modular units of steel in the country’s mega projects, Dhaka Mass Transit Company is using that made locally in the metro rail project, resting assured of their international standard.
27 January 2022, 18:00 PM
High engine capacity bikes see faster sales
The demand for motorcycles with a higher engine capacity is growing among bike enthusiasts in Bangladesh as these models are becoming increasingly safer and cheaper.
26 January 2022, 18:00 PM
Particle board market gains traction
The market for particle board is thriving in Bangladesh on the back of the rising demand for timber-alternative furniture and their growing use in interior designing.
24 January 2022, 18:00 PM
High import duty hinders furniture export
High import duties on raw materials are dampening price competitiveness of Bangladesh’s furniture industry, a major drawback to tapping into international markets.
17 January 2022, 18:00 PM
Ice cream market sees good growth
Ice cream manufacturers are enjoying robust sales after launching awareness campaigns on how consuming the sweetened frozen food does not increase the risk of contracting a serious case of Covid-19.
16 January 2022, 18:00 PM
Fire safety violations spotted at 979 factories in 2 months
Factory inspection teams have identified fire safety infractions at around 979 units in the past two months.
13 January 2022, 18:00 PM
Bangladesh sees no imminent setback
Bangladesh is unlikely to face any immediate effect for the coal export ban by Indonesia, the world’s biggest thermal coal exporter.
6 January 2022, 18:00 PM
Pharma export buoyant
Medicines worth $105.50 million were exported in the July-December period, up from $86.33 million in the same period a year ago, data from the Export Promotion Bureau showed.
5 January 2022, 18:00 PM
Ray of hope for 6 sugar mills
The government is close to striking a deal with foreign investors for reopening the six shut sugar mills as part of its plan to make the losing Bangladesh Sugar and Food Industries Corporation (BSFIC) sustainable.
29 December 2021, 18:00 PM
Luxury car sales in fast lane
Sales of sport utility vehicles (SUV) and luxury cars grew at an annual average of 39 per cent in Bangladesh in the past decade as more people, armed with rising income, are buying automobiles in higher numbers.
29 December 2021, 18:00 PM
Akij enters tableware market
Akij Ceramics has entered the tableware business to grab a share of the domestic market and diversify the range of products it exports.
27 December 2021, 18:00 PM
Demand for commercial vehicles climbing after Covid
The demand for commercial vehicles in Bangladesh has increased as economic activities in the country boomed soon after a prolonged nationwide lockdown aimed at curbing the spread of Covid-19 ended earlier this year.
25 December 2021, 18:00 PM
More people opting for home loans
Banks and non-bank financial institutions (NBFIs) perceive the potential business of mortgage loans in the housing and real estate sector to be fast growing thanks to an expansion of the affluent class and people’s increasing spending capacity.
25 December 2021, 18:00 PM
$21b investment proposals since Covid outbreak
Bangladesh has received investment proposals totaling $21.17 billion since the coronavirus pandemic struck the world nearly two years ago, said a top official.
23 December 2021, 18:00 PM
Locally made Hyundai cars to hit roads by 2022
Fair Technology Limited (FTL), a subsidiary of Fair Group, plans to introduce locally made Hyundai cars in Bangladesh by the end of 2022.
22 December 2021, 18:00 PM
Annual flat sales to cross 10,000 units for the first time
Realtors in Bangladesh have sold around 10,000 flats so far this year as customers shrugged off pandemic fallout and the government keeps extending the amnesty to the investment of untaxed money in the housing sector.
21 December 2021, 18:00 PM
Karnaphuli tunnel wants extension of loan availability period
The Karnaphuli tunnel, South Asia’s first under-river tunnel, is set to be delayed by at least six more months.
18 December 2021, 18:00 PM