Even amid ongoing debates over economic-recovery strategies, some businesses see a surge in demand for quite a few products. Sales of mobile phone, computer, laptop, TV, refrigerator, construction ms rod, cement, and motorcycle saw a rise in demand in June. Economic activities resumed on May 31 after...
The Bangladesh Chemical Industries Corporation (BCIC) and Saudi- based Engineering Dimension International Investment LLC (EDII) signed a joint venture agreement to set up a cement plant under the name of ‘Saudi Bangla Integrated Cement Company Ltd’ in Sunamganj.
The project is expected to start...
Steel building makers on Sunday urged the government to allow the local companies to import duty free raw materials for further flourishment of the industry. They also called on the government to reduce customs duty on import of pre-fabricated raw materials of steel building products. The local...
The cement manufacturers have sought a 60 per cent cut in import duty on clinker and waiver on existing loan interest, to recover from the losses they suffered since the COVID-19 outbreak. "We had zero sales during the countrywide closure in the last two and a half...
Bangladesh expects a bigger inflow of foreign direct investment in the days to come as different nations plan to relocate their factories to countries like Bangladesh to bring down cost amid a cash crunch caused by the pandemic, said Commerce Minister Tipu Munshi yesterday. In 2019, the...
Bamboos worth around Tk6 crore are rotting in Khagrachari and Rangamati for lack of transportation amid the countrywide shutdown over coronavirus pandemic. Piled up beside roads and on river banks, the bamboos are rotting as those dry up in the sun and then get wet in rain. The Chattogram...
Some
125 publicly-traded companies in the manufacturing and service sectors have
expressed fears of heavy losses due to the ongoing coronavirus outbreak. Among
them, 116 companies are in the manufacturing sector, such as RMG, cement,
ceramics, engineering, and tannery sector. The other nine are in the real
estate and service sector. These companies are...
The central bank today cut both the policy rate and cash reserve ratio (CRR) once again to inject liquid funds into the market to push through the ongoing economic fallout stemming from the coronavirus pandemic. The regulator of the banking sector reduced banks' CRR by 100 basis...
The private sector credit growth declined to 9.2 per cent in January amid heavy government borrowing from the banking sector and the government’s move to cut lending rate for banks to 9 per cent. The private sector credit growth in all the seven months of the fiscal...