Leather exporters stare at grim prospects in 2023
Growth in leather footwear exports from Bangladesh was unsatisfactory in the first seven months of the current financial year as the economic fallout of the Russia-Ukraine war has been weighing down shipments since September, according to industry people.
5 March 2023, 01:30 AM
Govt plans to buy 100 electric double-deckers
The government is planning to procure 100 electric air-conditioned double-decker buses for Bangladesh Road Transport Corporation (BRTC) under an Indian line of credit.
3 March 2023, 02:30 AM
Truck sales drop for lower demand
The sales of commercial vehicles, particularly heavy-duty trucks, fell nearly 22 per cent year-on-year in 2022 in Bangladesh due to their higher price, a surge in fuel costs and lower imports.
1 March 2023, 02:00 AM
‘Reuse of plastic waste growing’
Plastic recycling plants in Bangladesh are becoming a vital part of the circular economy as foreign buyers are prioritising sourcing plastic products from Bangladeshi manufacturers who use recycled plastic along with virgin materials.
26 February 2023, 02:30 AM
Demand for luxury flats intact despite economic woes
The demand for luxury apartments has remained unchanged while the sales of regular properties and initiation of new housing projects are in the slow lane amid the ongoing economic crisis, according to market players.
26 February 2023, 02:00 AM
Rising rubber production helping local tyre industry
Rising rubber production in Bangladesh is helping local tyre manufacturers cut the country’s reliance on the imports of the product used in making bicycles, motorcycles, three-wheelers and easy bikes, said an industry insider.
20 February 2023, 03:00 AM
Tomato farmers face peak season plight
Tomato farmers, particularly those in the southwest division of Khulna, are facing steep losses as prices for the fruit have come down drastically due to oversupply, as is the case around this time each year.
20 February 2023, 02:30 AM
Bida identifies 106 risky factories
The Bangladesh Investment Development Authority (Bida) has identified 106 factories as risky for lacking required fire safety measures and having vulnerable working conditions under a nationwide initiative aimed at preventing fire incidents and other disasters.
17 February 2023, 02:00 AM
Rubber growers worried over falling prices
According to the Bangladesh Rubber Board (BRB) and rubber producers, 67,939 tonnes of latex were produced in the country last year, up 58 per cent from 43,000 tonnes in 2021, driven by an increase in the number of gardens and acreages under cultivation.
10 February 2023, 03:30 AM
MS rod may become costlier
The price of mild steel (MS) rod may soon cross Tk 1 lakh per tonne as production costs have risen due to a recent hike in fuel and energy prices amid the ongoing US dollar crisis, according to industry people.
8 February 2023, 03:00 AM
ADB intends to give $2.5b for MRT-5’s southern route
The Asian Development Bank (ADB) has showed its intention to mobilise $3.5 billion along with a co-financier for the implementation of the southern route of the Dhaka Mass Rapid Development Project’s MRT Line-5, officials said.
5 February 2023, 02:30 AM
Small industries pressured by higher costs
The government’s decision to increase the power tariff twice last month has created undue pressure on small industries that are unable to keep up with rapidly rising production costs, according to various businesspeople.
1 February 2023, 03:00 AM
Runner to launch locally-made auto-rickshaws
Runner Automobiles is all set to launch the country’s maiden “Made in Bangladesh” three-wheeled auto-rickshaw on February 11.
31 January 2023, 02:30 AM
Gas price hike to fuel costs for ceramics makers
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.
29 January 2023, 03:00 AM
Higher input, dollar costs take gloss off paint industry
Like other sectors, the paint industry in Bangladesh is in troubled waters as the US dollar crunch has made it difficult for manufacturers to import raw materials in line with their demand.
29 January 2023, 02:00 AM
Private economic zones gasping for gas
Developers of a number of private economic zones are finding it hard to implement plans for a lack of gas connections.
25 January 2023, 02:00 AM
Ensure full infrastructure facilities at EZs
Operators of private economic zones in Bangladesh should review their infrastructure and logistic masterplans to ensure the maximum utilisation of the existing facilities, according to M Masrur Reaz, chairman of the Policy Exchange of Bangladesh.
24 January 2023, 18:00 PM
Dollar shortage bites pharma industry
The pharmaceuticals industry, which has made life-saving drugs available at lower costs, is facing troubles in opening letters of credit (LCs) to import much-needed raw materials and capital machinery owing to the US dollar crunch.
24 January 2023, 02:00 AM
Gas, power price hike: Pharma sector fears 25% rise in production cost
Medical treatments are about to get costlier as production cost for manufacturing drugs will go up by at least 25 per cent following a recent hike in gas and power charges, according to manufacturers.
22 January 2023, 02:30 AM
Gas price hike spells trouble for industries
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.
19 January 2023, 02:30 AM