Real estate slump, stalled projects, and liquidity crunch hit ceramic firms

Bangladesh’s booming ceramic industry is as thriving as our readymade garment (RMG) sector, which I say from my many shopping exploits.

Production costs in the ceramics industry of Bangladesh will rise by up to 15 per cent due to a recent hike in the price of gas, which adds to the list of crises threatening the sector’s overall growth, according to manufacturers.

The latest hike of gas prices undoubtedly spells trouble for industries as they will try to shift the burden onto consumers by raising product prices, which will boomerang onto them by eating away at their competitiveness in international markets.