Jagaran Chakma

The motorcycle industry has been growing fast in Bangladesh, thanks to government policy support and people’s growing purchasing power, market players said.

Local automobile company Bangladesh Auto Industries Ltd (BAIL) is all set to make electric vehicles from next year with an initial investment of $200 million.

Bangladesh’s medicine exports soared 25.60 percent year-on-year to $130 million last fiscal year thanks to continuous improvement

The dream of owning a flat may never come true for many as properties will become more expensive owing to the hike in prices of major construction materials as well as gas, realtors say.

In a heartening development, more and more South Korean companies are coming to Bangladesh with investment plans, attracted by

Businesses from home and abroad have come up with investment proposals worth $17.91 billion in Mirsarai, Sreehatta and Moheshkhali economic zones, which are now under construction.

The recent gas price hike will increase the cost of ceramics production by 10 percent, which will be a huge blow to the local ceramic

The retail price of each 50-kg bag of cement has edged up 12 percent, or Tk 50, to Tk 460-470 -- a development that will push up construction costs, be it the government’s mega projects or private buildings.

The retail price of mild steel (MS) rod will likely see an average increase of Tk 9,000per tonne for the recent gas price hike and new VAT and tax measures, apprehend industry insiders.

Projects involving about $7.5 billion under the three Indian lines of credit are progressing slowly owing to lengthy processes in land acquisition, change in design and delays in hiring consultants and document preparation.

State banks did not get a single penny from taxpayers in the just concluded fiscal year to make up their capital deficit, in a clear sign from the government of its intent to stop pampering the errant lenders.

Banks will transfer incentive to the bank accounts of remitters or their beneficiaries like they do in case of exporters as the maiden

Dhaka and Beijing will sign an MoU on the establishment of an investment cooperation working group to boost investment ties between Bangladesh and China. The signing will take place during Prime Minister Sheikh Hasina’s July 1-5 visit to China, officials in Dhaka said.

Indian construction equipment manufacturers see a business potential in Bangladesh as the country is gradually phasing out clay brick

The continuation of concessionary duties on raw material import for motorcycle manufacturers into fiscal 2019-20 would help the fast-growing sector, said market players.

Dhaka will sign two agreements with Beijing to borrow $2.37 billion for two power projects during Prime Minister Sheikh Hasina’s four-day China visit from July 1, finance ministry officials said yesterday.

The government’s target to raise private investment to 24.2 percent of GDP will be challenging given the trend in last several years

The government has resorted to deficit financing, largely through bank borrowing and sale of high-cost savings certificates, increasing the interest payment burden on its shoulders and fuelling inflation.

Former finance minister AMA Muhith has said his successor faces three major challenges: increasing the size of the national budget, realising more revenue and improving the banking sector.

Bangladesh is going for a record amount in external debt repayment this fiscal year, putting pressure on the almost stagnant foreign currency reserves and tightening market conditions.