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Commodity

Samsung Bottom Mount Refrigerator launched

Samsung Electronics, the global leader in Consumer Electronics has announced the launch of its innovative Bottom Mount Refrigerator at the biggest fair of Bangladesh – the Dhaka International Trade Fair (DITF) 2017 in its premium pavilion at Sher-E-Bangla Nagar. Samsung Electronics’ newest addition to its home appliance range, the Bottom Mount Refrigerator at the premium pavilion at the DITF comes in two different model names IMG_0927RB21KMFH5SE/D2 and RB21KMFH5SK/D2 priced at BDT 42,900 only. The Bottom Mount Refrigerator...

Record tea output in 2016 – minister

Bangladesh’s tea output in 2016 is expected to hit a record 80 million kg from 66 million a year earlier, the commerce minister said on Sunday, a volume that may be big enough to make imports unnecessary. The country became a net importer of tea after ranking as the world’s fifth-largest exporter in [caption id="attachment_19935" align="alignleft" width="540"]Bangladeshi tea workers are mostly indigenous people from India who migrated during British rule. They are among the most deprived and marginalized communities in the country. (File photo from UCAN Bang...
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Corn oil market in Bangladesh

Transparency Market Research (TMR) delivers key insights on the Bangladesh corn oil market in its new Published report titled, “Corn Oil Market - Bangladesh Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2026”. Corn oil is an increasingly competitive market in Bangladesh, with a number of external as well as internal factors shaping the overall scenario. Transparency Market Research has observed that the intense internal competition in the corn oil market in Bangladesh is owing to the presence of a number of large international as well as small domestic providers. These include Adani Wilmar Ltd, Associated British Foods plc, American Vegetable Oils, Inc., and Olympic Oils Ltd. External competition in this market is presented by producers and distributors. These...

Ashok Leyland to set up plants in Bangladesh

Hinduja Group flagship company Ashok Leyland has firmed up its plans to strengthen overseas presence as part of its vision to garner one-third of revenues from exports. The city-based heavy commercial vehicles maker is setting up an assembly facility in Kenya, another one in Bangladesh through a partner and also expanding its UAE unit, Ashok Leyland chief financial officer Gopal Mahadevan said. “We have firmed up our plans to set up assembly plant in Kenya. We are going to invest there. ashokleylandWe will start...

Factories use laser tech to make greener denim

The readymade garment sector is the driving force of the Bangladeshi economy, accounting for a massive 83 per cent of its exports in October-December 2015. The sector has resulted in Bangladesh enjoying a steady 6 per cent growth rate for more than a decade, but as the industry eyes the future, it will have to make major changes to make sure that growth is sustainable. One example of these changes is how the denim sub-sector is using lasers instead of chemicals to “finish” the jeans. The production of denim fabric includes making patterns, as well as getting the right colour for the most popular “blue” colour jeans. This requires washing the jeans using different types of chemicals. It takes 100 litres of water to make an average pair of blue jeans according to industry insider...

Krispy Kreme celebrates Bangladesh opening

Krispy Kreme Doughnuts, Inc. announced the first Krispy Kreme® shop opened in Bangladesh on May 7. With this opening in Dhaka, Krispy Kreme Doughnuts now has a presence in 26 countries. “We are thrilled to share the joy that is Krispy Kreme with our strong fan-base in Dhaka and all of Bangladesh” “We are thrilled to share the joy that is Krispy Kreme with our strong fan-base in Dhaka and all of Bangladesh,” said Dan Beem, Krispy Kreme Doughnuts’ Senior Vice President and President – krispy+kreme4International. “...