Changes in rules make it difficult for importers to enjoy duty benefit
Importers are facing difficulty in availing duty benefit under the South Asian Free Trade Area after a recent change in rules that are compelling them to offer the hard copy of a key trade document or a bank guarantee to qualify.
12 October 2020
Maf Shoes to invest Tk 1,118cr to set up new factory
Maf Shoes, a sister concern of TK Group, is set to invest Tk 1,118 crore to establish an export-oriented footwear manufacturing unit alongside other backward linkage industries at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram.
12 October 2020
Cement sales rise slightly
The cement makers are finally getting some respite from the Covid-19 fallout thanks to a slight increase in sales but they believe it will not be possible to book any profit this year.
11 October 2020
Recovery still slow in leather sector
A return to normalcy is still a far off reality for Bangladesh’s leather sector as the ongoing coronavirus pandemic has led to low domestic demand and a decline in exports, according to industry insiders.
11 October 2020
Red tape still throws a spanner in the works
In countries like Bangladesh, being successful in life means achieving financial solvency but while many individuals try to do so by starting their own businesses, they are often impeded by numerous roadblocks, said Mohammed Amirul Haque, managing director of Seacom Group.
10 October 2020
China-funded projects back on track
Almost all of the country’s major development projects being funded by China are back on track following a prolonged hiatus caused by the coronavirus pandemic, the Economic Relations Division and project officials said.
6 October 2020
Bangabandhu Shilpa Nagar to come under digital security system
The Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) will be brought under a digital security system as a part of the government’s plans to build it up as a ‘smart industrial city’.
1 October 2020
Delta Agrofood to invest Tk 1,200cr in soy, flour production
Delta Agrofood Industries, a joint venture of SEACOM and Samuda, is set to invest Tk 1,200 crore in the production of various soy and wheat products with an aim to meet the country’s growing demand for healthier consumer goods.
30 September 2020
Recovery still a long way off for steel makers
A return to normalcy for Bangladesh’s steel manufacturing sector is still a far cry as factories have been forced to limit their operations due to declining demand amid the ongoing coronavirus pandemic, according industry insiders.
29 September 2020
TK Group to invest Tk 1,744cr at Bangabandhu Shilpa Nagar
Samuda Food Product and Samuda Chemical Complex, two sister concerns of the TK Group of Industries, will invest Tk 1,744.80 crore at Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) to produce consumer goods and chemicals.
28 September 2020
Consumer electronics companies predict grim outlook for 2020
The home electronics sector is suffering from a landslide in demand with the sales likely to stay below 70 per cent of annual target as consumers are reluctant to spend on luxury items amid the ongoing pandemic, according to various market players.
26 September 2020
Chinese loan deals for four projects hopefully this year
With development projects losing steam for the ongoing pandemic and several months of shutdown, the Economic Relations Division (ERD) hopes to get four back on track by getting loan agreements signed with China this fiscal year.
22 September 2020
Ministries against holding back low-priority projects
The planning ministry has expressed dissatisfaction over a decision to put on hold implementation of low-priority projects.
22 September 2020
Light engineering sector needs skilled workforce, policy support
Prime Minister Sheikh Hasina in January announced light engineering as the “product of the year” in an attempt to bring special attention to the sector so that it increases the country’s foreign exchange reserves through the export of various goods.
21 September 2020
Bank Asia arranges Tk 700cr for cement plant of Bashundhara
While an unhealthy competition plagues Bangladesh’s cement sector for its 43 per cent overcapacity, Bashundhara Group has gone on to look beyond borders for opportunities. It found it in the India’s Seven Sister states.
20 September 2020
Govt serious about offloading shares of state banks: Kamal
The government has not discarded its plan to offload shares of several state-run banks, said Finance Minister AHM Mustafa Kamal.
19 September 2020
IPDC targets housing sector to broaden customer base
IPDC Finance is eyeing up the premium customers of the real estate industry as the non-bank financial institution believes investment in the sector entails low risk now.
13 September 2020
Import ban on used cars to leave the market uneven
The government’s plan to impose a ban on the import of reconditioned vehicles to promote local manufacturing and assembling will create an imbalance in the domestic market, according to Bangladesh Reconditioned Vehicles Importers and Dealers Association (Barvida).
12 September 2020
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
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