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...
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...
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...
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...
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...
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 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...