Only 10% of planned economic zones get off the ground in a decade
Only 10 economic zones (EZs) have become operational since the Bangladesh Economic Zones Authority (Beza) rolled out its massive industrialisation plan in 2015, raising questions about whether its goal of setting up 100 enclaves will be materialised on time.
4d ago
EVs, locally assembled cars steal the show
Locally assembled cars and the range of electric vehicles (EVs) offered by Mercedes-Benz were the main attraction during the 17th Dhaka Motor Show at the Bangabandhu Bangladesh-China Friendship Exhibition Center on Friday.
1w ago
SMEs come together in a show of strength
Imagine walking into a shop and finding products that are identical to those at branded outlets but are being sold for only a fraction of the price levied by the well-known companies.
1w ago
Challenges abound for aspiring entrepreneurs
Ashit Chowdhury, managing director of AAPON, a manufacturer of shataranji and various jute home decor products, applied for a loan of Tk 30 lakh from a private commercial bank.
1w ago
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.
2w 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.
2w 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.
2w 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.
2w ago
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.
March 27, 2024
Singer becomes first firm to start production in Japanese EZ
It becomes the first plant in Araihazar economic zone
March 26, 2024
Pharmaceutical sector on steady path to recovery
According to industry people, the dollar crisis in the country is gradually easing and the global supply chain is getting smoother, positively impacting the pharmaceuticals sector.
March 25, 2024
More households use refrigerators, ACs as income grows
Here, the steady growth of Bangladesh’s economy -- around 6 percent annually -- for the last two decades, and subsequent increases in overall buying capacity, played a big role. Another factor is the increasing domestic assembly of these items by local companies.
March 24, 2024
Jetro concerned over hassles in salary payment
Yuji Ando, the country representative of the Jetro, said Japanese companies present in Bangladesh are also facing troubles in customs clearance and settlement of letters of credit.
March 22, 2024
Capital machinery imports on the mend
Capital machinery imports are recovering slowly as concerns over political uncertainty ease and banks show more willingness to facilitate investments amidst increased liquidity in terms of US dollars and stability in the exchange rate. During the July-January period of this fiscal year (FY), LC openings for capital machinery grew three percent year-on-year to $1,557 million, according to Bangladesh Bank data.
March 19, 2024
Competitive prices propelling plastic exports
Plastic product exports from Bangladesh grew 17 percent year-on-year to $162 million in the first eight months of the current fiscal year as the country ensured supply at competitive prices and even discovered new markets despite the global economic downturn.
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