High import duty hinders furniture export
High import duties on raw materials are dampening price competitiveness of Bangladesh’s furniture industry, a major drawback to tapping into international markets.
17 January 2022
Ice cream market sees good growth
Ice cream manufacturers are enjoying robust sales after launching awareness campaigns on how consuming the sweetened frozen food does not increase the risk of contracting a serious case of Covid-19.
16 January 2022
Fire safety violations spotted at 979 factories in 2 months
Factory inspection teams have identified fire safety infractions at around 979 units in the past two months.
13 January 2022
Bangladesh sees no imminent setback
Bangladesh is unlikely to face any immediate effect for the coal export ban by Indonesia, the world’s biggest thermal coal exporter.
6 January 2022
Pharma export buoyant
Medicines worth $105.50 million were exported in the July-December period, up from $86.33 million in the same period a year ago, data from the Export Promotion Bureau showed.
5 January 2022
Ray of hope for 6 sugar mills
The government is close to striking a deal with foreign investors for reopening the six shut sugar mills as part of its plan to make the losing Bangladesh Sugar and Food Industries Corporation (BSFIC) sustainable.
29 December 2021
Luxury car sales in fast lane
Sales of sport utility vehicles (SUV) and luxury cars grew at an annual average of 39 per cent in Bangladesh in the past decade as more people, armed with rising income, are buying automobiles in higher numbers.
29 December 2021
Akij enters tableware market
Akij Ceramics has entered the tableware business to grab a share of the domestic market and diversify the range of products it exports.
27 December 2021
Demand for commercial vehicles climbing after Covid
The demand for commercial vehicles in Bangladesh has increased as economic activities in the country boomed soon after a prolonged nationwide lockdown aimed at curbing the spread of Covid-19 ended earlier this year.
25 December 2021
More people opting for home loans
Banks and non-bank financial institutions (NBFIs) perceive the potential business of mortgage loans in the housing and real estate sector to be fast growing thanks to an expansion of the affluent class and people’s increasing spending capacity.
25 December 2021
$21b investment proposals since Covid outbreak
Bangladesh has received investment proposals totaling $21.17 billion since the coronavirus pandemic struck the world nearly two years ago, said a top official.
23 December 2021
Locally made Hyundai cars to hit roads by 2022
Fair Technology Limited (FTL), a subsidiary of Fair Group, plans to introduce locally made Hyundai cars in Bangladesh by the end of 2022.
22 December 2021
Annual flat sales to cross 10,000 units for the first time
Realtors in Bangladesh have sold around 10,000 flats so far this year as customers shrugged off pandemic fallout and the government keeps extending the amnesty to the investment of untaxed money in the housing sector.
21 December 2021
Karnaphuli tunnel wants extension of loan availability period
The Karnaphuli tunnel, South Asia’s first under-river tunnel, is set to be delayed by at least six more months.
18 December 2021
Rules toughen for new ADP schemes
The finance ministry has warned relevant government bodies that new projects will not be included in the revised annual development programme (RADP) for the current fiscal year if their details are not sent to the Planning Commission by January 2022.
16 December 2021
Covid leaves CEAT tyre plant in limbo
Indian tyre maker CEAT is unlikely to follow through on its plans to build a manufacturing unit in Bangladesh, apparently at least until the economy fully recovers from the coronavirus pandemic-induced shocks.
12 December 2021
Govt readies rules to pave way for electric vehicles
The government is set to remove all complexities for the registration and operation of electric vehicles in Bangladesh as the Road Transport and Bridges Ministry has prepared a guideline in this regard.
7 December 2021
Realising the potential of Bangladesh automotive industry
Even though the affluent middle-class in Bangladesh is growing rapidly and increasing its purchasing power, the demand for passenger cars are still low compared to India and Thailand.
27 November 2021
Well-timed regulatory, policy reforms to draw more FDI
Timely adoption of regulatory changes and policy reforms will help attract more foreign direct investment (FDI) and access foreign finances, said Nuzhat Anwar, acting country manager for Bangladesh, Bhutan and Nepal of the International Finance Corporation (IFC).
27 November 2021
Bangladesh's LDC graduation: Exciting ride ahead
A cocktail of challenges and opportunities await Bangladesh as it enters the developing nation bracket in 2026 after the United Nations General Assembly on November 24 gave its graduation the final approval.
25 November 2021