Aziz Mohammad Bhai buys 27 lakh new shares of Olympic Industries
He now holds 17 percent or Tk 499 crore worth of shares of the company
3d ago
MGI expands ceramic tiles production with $45m investment
Of the investment, $19 million came from its own pockets whereas $26 million in the form of a syndicated loan, which was released recently, he said.
1w ago
Wood plastic composites gaining popularity
Wood plastic composites in the form of kitchen cabinets, bathroom and balcony doors are slowly gaining popularity in Bangladesh for being an alternative to wood, according to industry insiders and realtors.
1w ago
Furniture sales rebound on buying spree ahead of Eid
Following two years of dull demand, home furniture sales went up slightly in the lead-up to Eid-ul-Fitr, the biggest religious festival for the Muslim community in Bangladesh, as people went on a buying spree despite ongoing inflationary pressure, according to industry people.
2w ago
Festival fervour driving home appliance sales
Although there is no accurate data on the market for electronic home appliances, industry insiders believe that sales during Eid-ul-Fitr account for around 60 percent of their annual receipts.
2w ago
Leather shipment recovers, fetches $100 million in 9 months
Leather exports rose 9.8% year-on-year in Jul-Mar of FY24
2w ago
More CEOs expect economic improvement this year
About 36 percent of the CEOs are expecting the economic growth rate to improve, compared to 31 percent in a similar survey conducted last year.
3w ago
Scooter sales rev up as riders seek comfort
Local retailers post up to 65% rise in monthly scooter sales
3w ago
February 29, 2024
Proton CEO Li Chunrong arrives in Dhaka to launch Proton X90
Li Chunrong, chief executive officer of Proton, arrived in Dhaka yesterday to take part in an event where Proton X90 will be unveiled.
February 29, 2024
Ensure cold chain logistics to reduce $2.4bn post-harvest losses
Bangladesh faces annual post-harvest losses of about $2.4 billion as the country lacks essential cold chain infrastructure and services known as temperature-controlled logistics (TCL), according to a paper presented at a conference.
February 25, 2024
Currency swap to help banks facilitate imports
Small and medium enterprises (SMEs), as well as the rest of the economy, will benefit from banks’ increased capacity to support imports thanks to the newly launched currency swap, said Ashraf Ahmed, president of the Dhaka Chamber of Commerce and Industry (DCCI).
February 20, 2024
Bangladesh to get first ‘green’ residential project with Tk 1,080cr investment
Ananta Group, one of the top garment exporters, is going to build Bangladesh’s first environment-friendly residential complex in the capital city with an estimated investment of Tk 1,080 crore.
February 19, 2024
8 banks, NBFIs to provide Tk 362cr for a private economic zone
Eight banks and financial institutions of Bangladesh and the World Bank are going to provide a syndicated credit facility of around Tk 430 crore for the development and expansion of Bay Economic Zone Limited (BEZL).
February 16, 2024
Rancon teams up with Genex to set up 21 EV charging stations
Rancon Motors, the sole distributor of Mercedes-Benz in Bangladesh, has teamed up with Genex Infrastructure to set up electric vehicle (EV) charging stations around the country to provide charging facilities in the future.
February 12, 2024
Mongla yet to become a port of choice among businesses
Mongla Port, which was expected to get a new lease on life due to the increasing flow of imported and exported goods after the opening of the Padma Bridge, is yet to become a port of choice among businesses.
February 12, 2024
Pharma sector shows signs of recovery
The pharmaceuticals sector of Bangladesh appears to be rebounding from the crisis stemming from both external and internal fronts in recent years as exports are growing, said a top official.
February 9, 2024
Policy uncertainties driving away FDI
Policy and regulatory uncertainties are major factors discouraging foreigners from investing in Bangladesh, for which foreign direct investment (FDI) has remained low in spite of government efforts, said Syed Akhtar Mahmood, former lead private sector specialist at World Bank Group
February 8, 2024
Investors in Bangabandhu Shilpa Nagar grapple with water crisis
Investors in the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) are not only facing an acute gas crisis, but also contending with virtually zero water supply to industrial units despite paying water bills, forcing them to set up their own water supply systems.
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