Cement makers are passing tough times amidst a decline in demand from public construction in tune with the government’s austerity measures and sluggish private initiatives on building homes and other facilities for inflation.
Though four of its five stipulated years have already elapsed, a Local Government Engineering Department (LGED) project on developing 2,210 kilometres of rural roads has witnessed the completion of only a third of its core task.
Real estate companies in Bangladesh are cautiously taking up new projects as the war in Ukraine, the strain on foreign currency reserves, the dollar shortage, runaway inflation and higher construction costs have cemented worries that sales of flats might slow in the coming months.
The government is finally moving ahead with a project to roll out fifth-generation (5G) mobile internet services through state-run network provider Teletalk, according to officials of the planning ministry.
On July 9 last year, a massive fire raged through a juice-making factory in Narayanganj, killing at least 52 people. And the whole nation witnessed how firefighters struggled to bring the blaze under control.
The progress in using concrete blocks instead of bricks for all public development projects has been sluggish as government agencies have made little efforts in this regard due to lax monitoring by the relevant authorities, according to experts.