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The local production of handsets dropped in 2023, the first decline since domestic manufacturing began in Bangladesh in 2017, owing to the higher US dollar rate, an increase in taxes, and lower sales amid an erosion of purchasing power of consumers.
Higher US dollar rate, increase in taxes and lower sales have caused a decline in local handset production in 2023
Local manufacturers produced 57.5 lakh smartphones from January to October this year, down about 27 percent from 78.5 crore units in the same period a year earlier
The Patna High Court has ruled that the seizure of an entire hotel due to the discovery of liquor on its premises is deemed unjust and illegal if the property owner is not implicated in the alleged...
Feature phone production has more than doubled month-on-month in July as consumers turn to more affordable alternatives to smartphones amid sustained high inflation.