Steel sector still in a shakeout
Steel manufacturers registered around 40 per cent less turnover last year compared to 2019 as they were forced to sell finished products at lower prices in the face of low consumption, according to industry insiders.
9 January 2021, 18:00 PM
Runner to make commercial vehicles
Runner Automobiles is taking preparations to invest Tk 433 crore to set up an automobile assembling and manufacturing plant to grab a share of the rapidly growing commercial vehicle market.
7 January 2021, 18:00 PM
Housing sector sees almost complete rebound
The real estate and housing industry passed a relatively good year thanks to policy support for purchasing property with untaxed income as well as cheap bank loans.
6 January 2021, 18:00 PM
Kansai Nerolac eyes expansion in Bangladesh
Japanese company Kansai Nerolac will invest Tk 16 crore in its country subsidiary, Kansai Nerolac Paints Bangladesh (formerly known as RAK Paints), to expand its business and grab a bigger piece of the growing South Asian market.
2 January 2021, 18:00 PM
Drug-makers stay strong in a tough year
Most of the industries in Bangladesh witnessed drastic fall in profits in the outgoing year due to the protracted pandemic. The pharmaceuticals industry was an exception.
30 December 2020, 18:00 PM
After a trying year, cement makers bracing for slow recovery
With the year about to come to a close, the cement sector finally experienced some relief from the ongoing pandemic thanks to increased consumption alongside fresh investments.
29 December 2020, 18:00 PM
Plastic makers were hard-pressed but now expect a comeback
The outbreak of Covid-19 and the subsequent lockdown put the plastic industry in Bangladesh into serious trouble in the first three months of the crisis.
23 December 2020, 18:00 PM
Construction set to be costlier as rod prices soar
Steel prices jumped 17 per cent in the last one month as millers hiked the rates in the wake of spiralling scrap prices in the international market, which will make the implementation of public construction projects and home building costlier.
21 December 2020, 18:00 PM
Foreign firms team up to upgrade closed sugar mills
Companies from Japan, Thailand and the United Arab Emirates have teamed up to upgrade the recently shuttered six sugar mills of the Bangladesh Sugar & Food Industries Corporation (BSFIC), ensure profitability and export by-products.
19 December 2020, 18:00 PM
Hasina-Modi Virtual Summit Today: Talks to focus on water sharing, connectivity
Water sharing and management of trans-boundary rivers will dominate today’s Bangladesh-India summit to be led by Prime Minister Sheikh Hasina and her Indian counterpart Narendra Modi, said officials.
16 December 2020, 18:00 PM
Akij to go big at Bangabandhu Shilpa Nagar
Akij Venture, a concern of Akij Group, has expressed its intention to invest Tk 3,480 crore to set up 18 manufacturing facilities at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram.
16 December 2020, 18:00 PM
Two Chinese firms to invest $28.69m
Two Chinese companies are set to invest around Tk 244 crore, equivalent to $28.69 million, in Bangladesh for establishing manufacturing units for non-woven personal protective equipment (PPE), steel structural items and ready-mix concrete.
12 December 2020, 18:00 PM
Leather goods exporters in tight spot
Leather goods and footwear exporters will continue to face serious hardships amid the ongoing pandemic as the declining export orders have led to a capital shortage in the sector, according to industry insiders.
9 December 2020, 18:00 PM
Govt vehicle purchase halted till June 2021
The government’s decision to suspend purchase of new and replacement vehicles under all expenses has been extended for the remaining half of the current fiscal year to reduce unnecessary expenditure in the face of a second wave of the coronavirus pandemic.
6 December 2020, 18:00 PM
Mega push for a green Bangabandhu Shilpa Nagar
The Bangladesh Economic Zones Authority (Beza) is set to invest Tk 4,367 crore on a fresh project aimed at developing a greener Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN).
5 December 2020, 18:00 PM
South Korea to provide $50m in budget support
South Korea has agreed to provide $50 million in budget support to Bangladesh to help the country continue its fight against the coronavirus pandemic.
25 November 2020, 18:00 PM
Pick projects cautiously to save fund for coronavirus jab
Prime Minister Sheikh Hasina has directed ministries to undertake new projects cautiously to avoid unnecessary public expenditure as the government will have to spend a considerable amount money to procure Covid-19 vaccines to immunise the whole nation, officials said.
24 November 2020, 18:00 PM
Uncertainty halts recovery of car sales
Bangladesh’s automobile industry has fallen into deep uncertainty as sales declined by 40 per cent this year due to the ongoing coronavirus pandemic.
21 November 2020, 18:00 PM
IFAD Group to set up Tk 433cr industrial complex at Bangabandhu Shilpa Nagar
IFAD Group is keen to invest Tk 433.5 crore to set up an industrial complex at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) as it looks to make a foray into the growing motorbike and automotive component segments.
19 November 2020, 18:00 PM
Apex goes global
Apex Footwear has launched its first international outlet, finding its niche in Kathmandu, the capital of the Himalayan Kingdom ofNepal.
17 November 2020, 18:00 PM