There are two factories side by side, one for glass manufacturing and the other for rods. The total investment in these two factories is approximately Tk 73. 2 billion Bangladeshi, most of which is financed by domestic and foreign loans. Annually, interest payments of approximately Taka 5.5 billion are required. However, factories are not able […]
Bangladesh Steel Mills Association (BSMA) president Mohammad Jahangir Alam said the increase in fuel prices could increase rod prices by Tk 200 per tonne and cement prices by Tk 4-5 per bag. “Rising fuel prices are increasing production costs inside and outside factories. However, due to weak market demand we are unable to raise prices,” […]
Neyamul Hasan, Country Managing Director of Intertek Bangladesh, said, “I am proud of Intertek's progress in Bangladesh since 2000, starting with audit and inspection services and expanding to establishing state-of-the-art laboratories in key locations such as Dhaka, Chittagong, Gazipur and Savar. The launch of iCare is an important milestone that streamlines our customers' interactions with […]
Kabirul Hasan is the general manager of Toha Fashion Limited, which has a total of 1,500 employees. The factory operates 10 hours a day. However, they are currently facing load shedding of 6-7 hours. They now rely on diesel-powered generators to keep the factory running. He further said that it is possible to deal with […]
Entrepreneurs and executives from various companies investing in labor-intensive industries in this economic zone said the housing and public transportation crisis has made it difficult to tap the required number of workers, leaving investors understandably worried. Investors say that due to the housing and public transport crisis in the Bangabandhu Sheikh Mujib Shilpnagar area, workers […]
Entrepreneurs in Chattogram, where heavy industrial steel, cement and glass factories are concentrated around the port, are facing challenges due to lack of gas supply. These factories were strategically located near ports for convenient transportation of raw materials. However, the current gas crisis is causing disruptions in production and entrepreneurs are struggling to operate at […]
According to Petrobangla, the daily demand for gas in the country is 3,800 million cubic feet. The daily supply of gas has now come down to below 250 cubic feet. There are two floating terminals at Maheshkhali in Cox’s Bazar to convert imported LNG for pipeline supply. Among them, the terminal operated by US-based Accelerate […]
Environment, Forest and Climate Change Minister Mohammad Shahab Uddin has said that the government has taken several initiatives to make the ship-breaking industry safe and environment-friendly. He said, as a result of various far reaching measures taken by the government, four shipyards have already gone green and more than a dozen shipyards are in the […]
According to government estimates, the demand for natural gas by the financial year 2024-2025 will be 5,079 million cubic feet per day, which is about six percent more than the current demand. LNG is already being imported to meet the country’s growing demand with dwindling gas reserves and increasing economic activity. However, if import dependence […]
Government policy makers are reticent to say that Bangladesh’s economy has not gone bankrupt like Pakistan and Sri Lanka. But have they ever thought that what will happen if investment does not increase or new industries are not established in the country? The government has just managed to tide over the situation by taking a […]
More movie theaters will be showing “The Fablemans,” “Tar” and “Women Talking” this weekend, capitalizing on the films’ Oscar nominations at a time when dramas are struggling to draw people to theaters. After watching movies during the pandemic, audiences have returned in droves for action-packed blockbusters like ‘Top Gun: Maverick’ and ‘Avatar: The Way of […]