Four steelmakers control 53% of the market: study
Although there are around 40 steelmakers in Bangladesh, just four based in Chattogram are currently catering to 53 percent of the total demand, according to market studies and industry insiders.
17h ago
Govt brings down ADP for a lack of fund
The government is currently faced with a lack of funds, evidenced by a reduction in allocations it provided from the exchequer for the upcoming Annual Development Programme (ADP), said Fahmida Khatun, executive director of the Centre for Policy Dialogue.
1d ago
Too much of cement: production capacity outstrips demand
Competition in the cement industry of Bangladesh could become even narrower as smaller producers are at risk of going out of business due to overcapacity in production and increasingly higher input costs.
3d ago
Steel consumption to increase 25% by 2027: study
Steel consumption in Bangladesh is projected to rise by 25 percent to around 1.06 crore tonnes in 2027 from 85 lakh tonnes in 2024 thanks to growing infrastructure development projects and individual consumption, according to Bigmint.
5d ago
Uttara: A city within a city
Before the 90s, Uttara offered little aside from open fields of green and waterlogged land.
1w ago
Retailers, brands flock to Uttara
The consumer market in Uttara, a planned suburb in Dhaka city, has witnessed steady growth over the years, prompting many retailers and brands to expand their operations in the area.
1w ago
Beyond Dollar: Bangladesh to seek over 36b yuan in Chinese loans
Bangladesh is going to seek more than 36 billion yuan, equivalent to $5 billion, as soft loans from China to reduce pressure on its dollar reserves.
1w ago
State-run oil companies see double-digit profit growth
The three state-run oil companies in Bangladesh booked double-digit growth in profits during the first nine months of the current fiscal year even after a decline in sales mainly due to a rise in income from bank deposit interests.
1w ago
April 27, 2024
Starting from nowhere, pharma sector becomes a lifesaver
The year 1982 was a watershed in the history of the pharmaceutical industry of Bangladesh as the government stepped in to lay the foundation for its stellar growth in the subsequent decades.
April 22, 2024
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
April 19, 2024
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.
April 18, 2024
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.
April 9, 2024
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.
April 8, 2024
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.
April 7, 2024
Leather shipment recovers, fetches $100 million in 9 months
Leather exports rose 9.8% year-on-year in Jul-Mar of FY24
April 1, 2024
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.
March 30, 2024
Scooter sales rev up as riders seek comfort
Local retailers post up to 65% rise in monthly scooter sales
March 28, 2024
Singer becomes first firm to start production in Japanese EZ
Singer Bangladesh, one of the leading manufacturers and retailers of home appliances in the country, has begun manufacturing products at its new factory, becoming the first entity to do so inside Bangladesh Special Economic Zone (BSEZ) at Araihazar in Narayanganj.
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