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...
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...
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...
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...
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...
Leading steel, cement and paint companies related to the construction sector witnessed higher profits in the July-December period of the current financial year despite the ongoing coronavirus pandemic.
Although industry insiders fear that they will face 30 per cent lower profits from the July-December...
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...
The brick manufacturing business in Brahmanbaria has been going through a tough time since March due to the Covid-19 outbreak. The industry has incurred a loss of around Tk50 crore so far, according to businessmen. The losses are mounting every day as the business has not been...
Housing sector has set an example in Bangladesh by playing an important role in the national economy for the last 30 years.
Top Bangladeshi and Indian businessmen expressed their views at a five-star hotel in the capital's Gulshan on Sunday.
The...