Bashundhara Industrial Complex secures land for bagging factory
Bangladesh’s Bashundhara Industrial Complex has signed an agreement for 16 acres of land, located 1km away from Mongla port and another 20km away from the site of a proposed ai...
Bangladesh
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Crown Cement cuts employee salaries
Bangladesh-based Crown Cement has decided to reduce the salaries and other benefits of its employees by 20.5 per cent as it attributes an unprecedented loss in the current fina...
BCMA calls for withdrawal of import tax
The Bangladesh Cement Manufacturers Association (BCMA) has called for the withdrawal of a non-adjustable advance income tax (AIT), which is applied at both the import and suppl...
BCMA calls for 60% cut in duties on clinker imports
The Bangladesh Cement Manufacturers' Association (BCMA) has issued a call for the government to cut import duties of clinker by 60 per cent. "We had zero sales during the coun...
Bangladesh opens new ports of call with India to increase trade
Bangladesh and India have added five more ports of call to its existing six and two Indo-Bangladesh Protocol (IBP) water routes. The move would help reduce transport cost in e...
BCMA reports 46% fall in domestic cement sales
The current demand for cement in Bangladesh has declined drastically as construction projects have been halted following COVID-19 lockdown, according to the Bangladesh Cement M...
Vietnam's cement exports to China drop 5% in 1Q20
China was the largest market for Vietnamese cement imports in the first quarter of 2020, importing 2.73Mt worth US$96.92m, according to the latest data from the General Departm...
Bangladeshi cement export shows negative trend in 10MFY20
As per data released by Bangladesh Export Promotion Bureau (EPB), Bangladesh's government recorded a significant fall of 13.1 per cent to US$29.49bn in total exports during the...
LafargeHolcim Bangladesh 1Q20 net profit rises 46%
LafargeHolcim Bangladesh sustained its profitability during January-March 2020, despite the ongoing COVID-19 pandemic. LafargeHolcim Bangladesh's net profit surged about 46 pe...
HeidelbergCement Bangladesh profits hit by multiple factors
HeidelbergCement Bangladesh posted an unaudited net profit of BDT43.5m (US$0.513m) for the first quarter of 2020, against earnings of BDT193m in the 1Q19. The fall in profit is...