Rancon teams up with Genex to set up 21 EV charging stations
Rancon Motors, the sole distributor of Mercedes-Benz in Bangladesh, has teamed up with Genex Infrastructure to set up electric vehicle (EV) charging stations around the country to provide charging facilities in the future.
16 February 2024, 01:31 AM
Mongla yet to become a port of choice among businesses
Mongla Port, which was expected to get a new lease on life due to the increasing flow of imported and exported goods after the opening of the Padma Bridge, is yet to become a port of choice among businesses.
12 February 2024, 16:15 PM
Pharma sector shows signs of recovery
The pharmaceuticals sector of Bangladesh appears to be rebounding from the crisis stemming from both external and internal fronts in recent years as exports are growing, said a top official.
12 February 2024, 00:15 AM
Policy uncertainties driving away FDI
Policy and regulatory uncertainties are major factors discouraging foreigners from investing in Bangladesh, for which foreign direct investment (FDI) has remained low in spite of government efforts, said Syed Akhtar Mahmood, former lead private sector specialist at World Bank Group
9 February 2024, 00:16 AM
Investors in Bangabandhu Shilpa Nagar grapple with water crisis
Investors in the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) are not only facing an acute gas crisis, but also contending with virtually zero water supply to industrial units despite paying water bills, forcing them to set up their own water supply systems.
8 February 2024, 00:25 AM
Gas crisis choking ceramics makers
The persistent gas crisis in Bangladesh has been severely hindering the nation’s ceramics industry over the past three to four months, leading to a roughly 20 percent drop in overall production quality in the sector.
4 February 2024, 01:43 AM
FDI flow to Bangladesh is low, why?
Despite developing economic zones and adopting one-stop services to attract foreign direct investment (FDI), Bangladesh has failed to get as much as it targeted. Not only global economic giants like India, even small economies in the South Asian region such as the Maldives and Sri Lanka are ahead of Bangladesh in terms of FDI attraction.
3 February 2024, 16:05 PM
Bangabandhu Shilpa Nagar gets only 4% of proposed investment
The Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), the biggest economic zone in Bangladesh, is set to be a gamechanger for the country’s trade as its strategic location offers easy access to domestic and international markets.
30 January 2024, 01:18 AM
Economy to take a beating for acute gas crisis
With industries suffering from the gas crisis, it might cause the consumers higher price concerns
24 January 2024, 01:00 AM
Dhaka sees changing skyline indicative of growing economic strength
Even though high-rises are mostly Dhaka centric, they reflect an overall economic strength of the country, according to experts
22 January 2024, 16:45 PM
Bowing to corruption remains the norm for businesses
Businesses in Bangladesh keep bowing to corruption as it has unfortunately become the way to do business
20 January 2024, 19:30 PM
Car sales screech to 10-year low as prices accelerate
US dollar crisis and economic vulnerability has caused passenger car sales to plummet to a 10-year low
19 January 2024, 01:05 AM
Output falls 25% for packaging industry amid lower demand
Under supply of raw materials and a decline in demand resulted in contraction of 25 percent in 2023 for packaging industry
16 January 2024, 01:00 AM
Dollar crisis puts small and medium firms on weaker footing
Dollar crisis along with LC opening difficulties is giving small and medium firms no respite
15 January 2024, 01:15 AM
Tourism fared well in 2023 despite jitters
The overall tourism industry in Bangladesh performed well throughout the outgoing calendar year despite facing adversity in the final quarter due to ongoing political unrest, according to industry people.
28 December 2023, 15:57 PM
Businesses to face inflation, currency headwinds in year ahead too
Businesses in Bangladesh will face challenges in managing the impacts of higher inflation and exchange rate in 2024 as well while the cost of production and operation may increase amid the rising bank interest, several business and corporate leaders warn
28 December 2023, 01:00 AM
Fazlur Rahman: The man who came from humble beginnings and built an empire
More than 60 years ago, an adolescent Fazlur Rahman got an unexpected start to his journey in business.
25 December 2023, 16:16 PM
PRAN-RFL investing TK 700cr to make opal glassware
PRAN-RFL Group is investing Tk 700 crore to set up factories for the manufacture of opal glassware and polystyrene sheets
25 December 2023, 00:15 AM
Geyser sales gaining steam
Sales of geysers have increased this year thanks to the changing lifestyle of people living in urban and rural areas of Bangladesh
25 December 2023, 00:10 AM
Exports of paper and paper items reach 5-year high
The exports amounted to $110 million, a year-on-year growth of 51.42 percent, according to data of the EPB
22 December 2023, 00:10 AM