Pandemic may cast a pall on FDI
The rising trend in foreign direct investment (FDI) for Bangladesh may slow down this year due to the economic fallout of the coronavirus outbreak, experts believe.
10 September 2020, 18:00 PM
Gathering ban spells dry year for event organisers
Bangladesh’s event management sector is in dire straits as a lack of work for the past six months amid the ongoing coronavirus pandemic has led to a serious shortage of capital, according to industry insiders.
8 September 2020, 18:00 PM
Now northeast India connected via new river route
Premier Cement, a cement manufacturer in Bangladesh, became the maiden exporter to India’s north-eastern state of Tripura through a new river route in a development that is expected to boost cross-border trade and connectivity.
5 September 2020, 18:00 PM
Pandemic puts electric vehicle plant in the slow lane
The target of Bangladesh Auto Industries Ltd (BAIL) to market the country’s first locally manufactured electric vehicles will be delayed by up to one year as the ongoing coronavirus pandemic has halted development work of its factory.
2 September 2020, 18:00 PM
Cars ‘made in Bangladesh’ on the way
With just a year or so to go for golden jubilee celebrations of independence, Bangladesh is on its way to marking an epoch in history by manufacturing its own brand of automobiles with assistance from Japan.
31 August 2020, 18:00 PM
Australian biotech firm to set API plant at BSMSN for $30m
Australian biotechnology company HA TECH will invest up to $80 million, or roughly Tk 700 crore, to establish a large-scale active pharmaceutical ingredient (API) manufacturing facility in Bangladesh that could help the country meet its growing demand.
29 August 2020, 18:00 PM
Cement makers place fresh demands before NBR
Cement manufacturers have placed three new demands before the National Board of Revenue (NBR), including the payment of Tk 750 crore as refundable advance income tax (AIT), so that the producers can avail some assistance to cope with their losses amid the ongoing coronavirus pandemic.
27 August 2020, 18:00 PM
Runner brings Bangladesh’s first 165cc motorcycles
Runner Automobiles seems to be on a roll. Hot on the heels of its announcement of bringing the famed off-road motorcycles of KTM to Bangladesh, it has now come up with a new two-wheeler with the highest engine displacement the country has seen yet.
26 August 2020, 18:00 PM
Reconditioned car imports to be phased out as govt looks to ramp up local assembly
The government plans to phase out the import of reconditioned cars over the next five years in a bid to encourage investments in the assembly and manufacture of motor vehicles within Bangladesh.
25 August 2020, 18:00 PM
Remdesivir can rake in Tk 700cr
Bangladesh’s pharmaceutical sector could fetch up to Tk 700 crore by the end of fiscal 2020-21 from export of Remdesivir, a broad-spectrum antiviral medication that has proven to be effective for the treatment of severe Covid-19 cases, according to industry insiders.
24 August 2020, 18:00 PM
All hands on deck to get China-funded projects back on track
The government would hold talks with Chinese officials tomorrow as part of its desperate efforts to give impetus to the mega projects held up by the coronavirus pandemic.
23 August 2020, 18:00 PM
Beacon Pharma sets up dedicated antibiotic plant for Tk 250cr
Beacon Pharmaceuticals is set to inaugurate a new facility today to manufacture antibiotics exclusively -- a venture that is likely to fetch the company Tk 100 crore in export receipts a year.
19 August 2020, 18:00 PM
Investors of economic zones seek PMO’s help to clear hurdles
The Bangladesh Economic Zones Investors Association (BEZIA) has sought intervention from the Prime Minister’s Office (PMO) to help address some of the obstacles for investment in the country’s economic zones.
18 August 2020, 18:00 PM
Bashundhara Group to fork out Tk 4,350cr to set up three factories at BSMSN
Bashundhara Group, one of the largest business groups in Bangladesh, is set to establish three new enterprises with a total investment of Tk 4,350 crore at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai, Chattogram.
17 August 2020, 18:00 PM
Real estate sector becoming more optimistic of a rebound
Bangladesh’s real estate sector will hopefully be able to cope with the ongoing coronavirus pandemic as instalment collection on previous sales started to pick up after the economy reopened in June, according to various realtors and financiers.
16 August 2020, 18:00 PM
Another sign of economic rebound: sales of commercial vehicles springing back
Sales of commercial vehicles like trucks and pickups have started to bounce back as economic activities are finally gaining momentum following a two-and-a-half-month-long government-enforced pause amid the pandemic.
15 August 2020, 18:00 PM
Cement-makers’ plight seems to be over
Cement manufacturers can breathe a sigh of relief at least for now as the sector has been showing some signs of recovery for the last two months from the coronavirus pandemic.
13 August 2020, 18:00 PM
Ceramic industry breathes easier as sales start picking up
Bangladesh’s ceramic industry have enjoyed some relief from the coronavirus fallout in the past two months as domestic sales are showing signs of some recovery following the collapse in demand caused by the nationwide shutdown.
11 August 2020, 18:00 PM
Bangladesh leans to China for Teesta management amidst Indian neglect
With years of diplomatic negotiations with India over the Teesta river’s management leading to no visible output, the Ministry of Water Resources is now seeking to get it done by China, that too with a loan from the latter.
9 August 2020, 18:00 PM
France to provide €150m to bounce back from downturn
The Agence Française de Développement (AFD), the French government arm that deals with overseas aid, has joined the long list of development partners that have come forward to help Bangladesh in its efforts to recover from the economic whiplash brought on by the global coronavirus pandemic.
6 August 2020, 18:00 PM