Runner Set to Manufacture BYD Cars in Bangladesh in Major FDI Move
Runner set to manufacture BYD electric cars in Bangladesh. Major FDI in automotive manufacturing. BYD partnership. Local assembly. EV market. Non-RMG diversification.
10 news articles tagged with "Bangladesh"
Runner set to manufacture BYD electric cars in Bangladesh. Major FDI in automotive manufacturing. BYD partnership. Local assembly. EV market. Non-RMG diversification.
Bangladesh's tea industry is under mounting financial strain with exports down 79% since 2002 and production costs up 78.31% over the past decade. A government taskforce has prescribed 59 recommendations across 8 priority areas including cheaper credit, tax cuts, debt restructuring, and replanting.
The number of classified loan accounts in Bangladesh's banking sector more than doubled to 45.83 lakh in March 2026, with the most dramatic surge in retail loans. NPL ratio rose to 32.7%, with Bangladesh Bank warning of 'mass retail-level deterioration' and 'widespread financial stress'.
The Bangladesh government has adopted an investment-led economic strategy aimed at creating jobs, boosting production, and raising revenue without increasing tax rates. Finance and Planning Adviser Rashed Al Mahmud Titumir unveiled the model at the Bengal Delta Conference 2026.
Bangladesh's GDP growth declined for the third consecutive quarter, with the January-March quarter growing only 2.22%, down from 4.96% in Q1 and 3.03% in Q2. The industry sector contracted by 0.28%, raising concerns about the country's economic momentum.
The Bangladesh government has proposed the Distressed Asset Management Act (DAMA), which would allow licensed private companies to purchase, restructure, and recover defaulted loans. With distressed loans at Tk 10.91 trillion (nearly 60% of all disbursed loans), the law aims to clean up bank balance sheets and restore credit flow.
Bangladesh imported $6.2 billion worth of chemicals in FY25 (up 17.8%), with textiles, pharma, and leather heavily dependent on imports. DCCI seminar calls for developing a strong domestic chemical industry to reduce import dependence and improve export competitiveness.
Akij Group has entered Bangladesh's commercial helicopter market through Akij Aviation Limited, launching charter operations with three helicopters — a Bell 505 for medical evac and two Robinson R66 for passenger services. The move aims to offset operating costs while expanding medical transportation access.
The National Board of Revenue (NBR) has set a 6% lower revenue target for Benapole Customs House as trade with India falls. Imports dropped 6% to 12.05 lakh tonnes due to trade restrictions, bilateral tensions, and 130 detected customs fraud cases in 6 months.
Commerce Minister Khandaker Abdul Muktadir said the latest US tariff measures on Bangladesh would not create any new impact, as the 10% tariff rate remains unchanged despite being introduced under a different legal name. He also confirmed no plan to increase fuel prices.