Drugmakers hiring cross-discipline grads amid biomedicine expansion
Bangladesh’s pharmaceutical industry is undergoing a significant transformation, driven by young talent and innovation, according to pharmaceutical professionals. .The industry is shifting from chemical-based medicines to biomedicines, offering fresh graduates unique opportunities to shap
19 January 2025, 14:36 PM
Paint makers decry tax hikes as demand slumps
The local paint industry is reeling from increased supplementary duties (SD), which threaten both revenue and the survival of manufacturers amid rising production costs and shrinking consumer demand, according to industry insiders.
13 January 2025, 18:00 PM
Engine oil sales double in 5 years
Annual sales of engine oil in Bangladesh more than doubled to Tk 8,000 crore in 2024 from Tk 3,616 crore five years ago, driven by higher prices, increased mobility, industrial growth and overall economic activities..And the sector is expected to clock more growth in the coming years, indu
4 January 2025, 18:03 PM
Thailand sees growing influx of patients from Bangladesh
Bangladeshi patients searching for better healthcare than that available at home are increasingly travelling to Thailand instead of India as the neighbouring country is limiting visa issuances for Bangladeshi nationals.
2 January 2025, 18:00 PM
A year of firefighting for businesses
The year began with a national election, saw a mass uprising midway and subsequently progressed through a deteriorated law and order situation. These all had adverse implications for businesses.
23 December 2024, 18:00 PM
A wake-up call for Bangladesh to reform its healthcare
India’s visa restrictions on Bangladeshi nationals, while initially perceived as a barrier, could serve as a wake-up call for Bangladesh to strengthen its healthcare system and regain the confidence of its patients.
22 December 2024, 18:00 PM
Pharma exports hit record high in Nov
Pharmaceutical exports from Bangladesh notched record growth in November this year as local drug makers secured new markets and larger orders, according to industry people.
12 December 2024, 18:00 PM
High registration cost, taxes slow Bangladesh’s shift to cleaner EVs
Despite the country’s efforts to reduce pollution and transition to cleaner cars, electric vehicle (EV) sales are yet to pick up due to multiple factors, including taxes and high registration costs, which sellers describe as “impractical”.
10 December 2024, 18:00 PM
Signs of trend reversal as imports continue to rebound
Despite capital machinery imports decreasing sharply, the resurgence in Bangladesh’s overall imports continued for a third straight month in October due to increased production in industries, especially export-oriented sectors, signalling that there may be some light at the end of the tunnel.
10 December 2024, 18:00 PM
Dhaka’s 5-star hotels facing a dearth of guests
Most of Dhaka’s five-star hotels are not faring well for a dearth of guests, as political uncertainties and security concerns following the August 5 student movement are putting off most events and travel plans.
8 December 2024, 18:00 PM
Buoyancy in exports continues
Bangladesh’s exports rose for a fourth straight month in November as goods that had been stuck for the past three months were finally shipped.
4 December 2024, 18:00 PM
No respite for steelmakers as sales depressed since July
The price of mild steel (MS) rods has continued to fall due to low demand for construction materials, especially as public consumption has declined to virtually zero since the political changeover on August 5.
4 December 2024, 18:00 PM
MGI’s $700m investment in Cumilla EZ stuck in energy crisis
Three production units owned by Meghna Group of Industries (MGI) have been sitting idle inside the Cumilla Economic Zone despite two years having passed since construction works were completed due to a lack of gas and power connections
24 November 2024, 18:00 PM
24 factories of Beximco shut amid liquidity crunch
The group's inability to open new LCs has forced its factories to halt production
18 November 2024, 18:00 PM
Leather footwear exports hit 5-year high in Jul-Oct
Bangladesh is sending more leather footwear to foreign markets like the United States, Japan and the European Union as the country’s footwear exports during the July-October period of the current fiscal year surged to a five-year high.
17 November 2024, 18:00 PM
Steelmakers face capital shortage as sales nosedive
Steelmakers in Bangladesh are facing a severe working capital shortage due to the sharp rise in the US dollar exchange rate and a slowdown in sales, according to industry insiders.
12 November 2024, 18:00 PM
High-end electronics sales hurt by runaway inflation
The demand for consumer electronics in the mid to high-end categories has declined drastically in Bangladesh as most people are shifting to cheaper alternatives or avoiding purchases altogether amid persistent inflation.
29 October 2024, 18:00 PM
Beza may build solar parks in Mirsharai EZ
The Bangladesh Economic Zones Authority (Beza) is considering utilising unused land to establish solar power parks at the Mirsharai Economic Zone in Chattogram, the largest industrial enclave in the country.
28 October 2024, 18:00 PM
Consumer sales slow as inflation bites
Grocery shelves are not clearing as quickly for fast-moving consumer goods (FMCG), while many are switching to mini-packs of food and toiletries -- indicating that people are losing ground in their prolonged battle against inflation.
21 October 2024, 18:00 PM
Three drug makers ready to produce raw materials in API park
After successful trials, three local drug makers are set to begin full-fledged commercial production of active pharmaceutical ingredients (APIs) at the BSCIC API Industrial Park at Gazaria in Munshiganj.
16 October 2024, 18:00 PM