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Track Your Competitor's move

Business Monitor allows you to monitor your competitors' activities, strategies, and market positions.

Stay Ahead of your competitors

Gain a competitive advantage by tracking your competitors' activities, strategies, and market positions.

actionable insights

identify potential risks and opportunities, adjust their strategy based on changing market conditions

Latest News and updates

Get access to the latest economic updates and make informed decisions based on real-time insights.

Industry Intelligence

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Latest Industry News

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Broiler chicken prices dropped to Tk 200-210 per kg
March 29, 2023
Industry : Commodity

After hitting an all-time high of Tk 280-290 a kg on March 20, the price of broiler chicken has dropped significantly in the last four days, marking a decline of Tk 80-90 per kg in the city markets of Bangladesh.  On 28th March, 2023 the price stood at Tk 200-210 a kg, which is Tk 40-50 less than the previous day.

Monthly food expenses increased by 51% in 4 years
March 29, 2023
Industry : Commodity

A recent study by the Centre for Policy Dialogue (CPD) has found that the average monthly food expenses for a four-member household in Dhaka have increased by up to 51% over the past four years due to high inflation. The study also revealed that even if a family refrains from eating meat or fish for a month, they would still have to spend at least Tk 7,131 on food as of February 2023, up 51% from February 2019. If they include meat and fish, they would have to spend around Tk 22,664, up 44% from four years ago.

 

Akij Bashir wants to expand paint market share
March 29, 2023
Industry : FMCG

Akij Bashir Group, one of Bangladesh's leading business conglomerates, is entering the country's growing paint market by establishing a manufacturing plant at Akij Economic Zone in Trishal of Mymensingh. Currently, multinational companies hold around 85% of the paint market share in Bangladesh, leaving little room for local manufacturers. The group aims to produce a variety of paints, including household, decorative, and industrial paints, focusing on quality, innovation, and variation.

MHI secures 7 years long term service agreement for Bibiyana-III CCPP
March 29, 2023
Industry : Energy & Power

Mitsubishi Power, a Mitsubishi Heavy Industries, Ltd (MHI) power solution brand, has earned a seven-year full-turnkey Long Term Service Agreement (LTSA) contract for the Bibiyana-III Combined Cycle Power Station. Mitsubishi Power, which supplied the M701F gas turbine for the power plant, has established a collaboration with the Bangladesh Power Development Board (BPDB) to offer maintenance and inspection services for the project's gas turbine and related power production equipment.

Company Intelligence

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Latest Company News

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Akij Bashir wants to expand paint market share
March 29, 2023

Akij Bashir Group, one of Bangladesh's leading business conglomerates, is entering the country's growing paint market by establishing a manufacturing plant at Akij Economic Zone in Trishal of Mymensingh. Currently, multinational companies hold around 85% of the paint market share in Bangladesh, leaving little room for local manufacturers. The group aims to produce a variety of paints, including household, decorative, and industrial paints, focusing on quality, innovation, and variation.

Promixco partners with AMTZ to manufacture med equipment
March 29, 2023

Promixco Limited, a well-known manufacturer of medical equipment in the nation, and Andhra Pradesh MedTech Zone (AMTZ), an organization in India, have inked an agreement to make it easier to develop cutting-edge, affordable medical equipment. Although Promixco is building an incubation center in Bangladesh to give students and researchers cutting-edge resources to learn about cutting-edge innovations, AMTZ is India's first manufacturing hub for medical devices.

EBL and ADCB sign a master forfaiting agreement
March 29, 2023

Eastern Bank Ltd (EBL) and Abu Dhabi Commercial Bank (ADCB) have signed a Master Forfaiting Agreement with ADCB and successfully completed a pilot forfaiting transaction, under "the Uniform Rules for Forfaiting (ICC Publication no. 800)", recently. In the pilot transaction, ADCB purchased an export LC risk under the forfaiting agreement with Eastern Bank and provided immediate cash on a without recourse basis while Eastern Bank handled all the documents under the LC for the exporter.

 

UFS Director and others sued for money laundering
March 29, 2023

The Securities and Exchange Commission has decided to bring money laundering charges against the managing director of the scam-hit Universal Financial Solutions (UFS) and his collaborators for stealing Tk 2.35 billion from four open-end mutual funds. UFS Popular Life Unit Fund, UFS-Padma Life Islamic Unit Fund, UFS-IBBL Shariah Unit Fund, and UFS-Bank Asia Unit Fund are the unit funds involved in the misappropriation.

 

Company Intelligence

Actionable insights about your competitors and the marketplace to effectively form your business strategy

Economic Intelligence

Actionable insights about your competitors and the marketplace to effectively form your business strategy

Latest Economy News

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Remittance inflow stands at $1.6b in 24 days
March 29, 2023
Economic Tag : Remittance

Remittance inflow reached $1598 million (around $1.6 billion) in the first 24 days of the current March, which is $36 million more than it did for the entire month of February, according to the most recent information from Bangladesh Bank (BB). The total amount of remittances in February of this year was $1561 million. Nonetheless, since the start of the current fiscal year, remittances have totaled $15.6 billion as of 24 March.

 

Banks' foreign exchange holding increases
March 29, 2023
Economic Tag : Forex

The amount of foreign currency held by the country's commercial banks increased to a 14-month high in February as a result of increased remittance and export profits as well as import restrictions. From $4,849.28 million in January, the gross foreign currency balance with banks increased to $5,240 million in February. According to data from Bangladesh Bank (BB), the gross holding of foreign exchange by banks climbed for four straight months, reaching $4,708 million in December, $4,708 million in November, and $4,505 million in October.

 

Duty-free market access sought for apparel products made of US cotton
March 29, 2023
Economic Tag : Export

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested US policymakers and a diplomat to persuade the United States government to give duty-free market access to Bangladeshi apparel products made of US cotton. The BGMEA president made the request through separate letters to US senator Ted Cruz, Texas State governor Greg Abbott and US Ambassador to Bangladesh Peter Haas.

Foreign aid pledges decline by 63%
March 28, 2023
Economic Tag : Foreign Aid

In the first eight months (July-February) of the current fiscal year, Bangladesh saw a dramatic fall in foreign loan commitments and disbursements for development projects, which might further deplete the country's foreign exchange reserves. Data from the Economic Relations Division (ERD) show that foreign aid commitments decreased by 63.19% to $1.78 billion in the period of July to February, from $4.84 billion in the same period of the previous fiscal year.

 

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