Truck Registrations Increase to 2,671 in 2024
Sales of heavy-duty trucks and covered vans rebounded in 2024, driven by pent-up demand and fleet replacement cycles, despite economic…
Mitsui Acquires 18.5% Stake in ACI Motors
Mitsui & Co., one of Japan’s largest general trading companies, has acquired an 18.5% stake in Bangladesh’s ACI Motors Limited…
High Costs and Policies Slow EV Adoption in Bangladesh
Electric vehicle (EV) sales in Bangladesh remain sluggish due to high registration costs and taxes, discouraging buyers despite the government’s…
Midland Bank and BP Manufacturing Inks MoU
Midland Bank PLC signed a memorandum of understanding (MoU) with BP Manufacturing (BD) Co Ltd on November 30 to provide…
Bank Asia Teams Up with Rancon Motors
Bank Asia PLC has partnered with Rancon Motors Limited, the general distributor of Mercedes-Benz in Bangladesh. The agreement allows Bank…