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...
Steel manufacturers registered around 40 per cent less turnover last year compared to 2019 as they were forced to sell finished products at lower prices in the face of low consumption, according to industry insiders.
The millers even had to offer additional commission for...
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 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...
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...
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...
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...
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...