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Latest News from BRG and the Global Building Products Industry
Stay informed regarding BRG's latest publications and industry news covering the markets for HVAC equipment, components & controls, bathroom & kitchen products, plumbing, pipes, valves & fittings and thermal insulation.


Consumer Confidence Index in Indonesia Continues to Decline in June
Jakarta: Bank Indonesia revealed on Monday that while consumers remain generally upbeat about Indonesia's economic conditions, confidence...
brg_news_room
Jul 9, 20241 min read

Bangladesh Ceramic Sector Struggles Amid Gas Shortages and Rising Costs
Bangladesh: The ceramic industry in Bangladesh is facing severe challenges due to a critical shortage and price hike of natural gas,...
brg_news_room
Jul 9, 20241 min read


IMF Forecasts 6% Growth for Vietnam in 2024
Vietnam: The International Monetary Fund (IMF) forecasts Vietnam's economy to expand by nearly 6% in 2024, supported by a recovering...
ravi_sharma
Jun 27, 20241 min read


World Bank Highlights Indonesia's Strong Economic Framework and Growth Prospects
Indonesia: Indonesia's economy is projected to remain resilient due to the government's strong macro-economic policy framework which is...
shivansh_tiwari
Jun 26, 20241 min read

World Bank Maintains Romania's GDP Growth Forecast at 3.3% for 2024
Romania: The World Bank projects Romania's gross domestic product (GDP) to grow by 3.3% in 2024, maintaining its April projection....
brg_news_room
Jun 14, 20241 min read

IMF Lowers Growth Forecast for the Philippines Amid Weak Consumption and Investment
Philippines: The International Monetary Fund (IMF) has revised its growth forecast for the Philippines, citing weaker-than-expected...
brg_news_room
Jun 12, 20241 min read

Thailand Targets Economic Growth with Tourism and Investment
Thailand: Thailand aims for at least 3% economic growth in 2024, seeking to attract 36.7 million tourists and boost public and private...
brg_news_room
Jun 11, 20241 min read

Air Conditioner Prices Expected to Rise in Bangladesh
Bangladesh: The government has proposed a 7.5% value-added tax (VAT) on air conditioners for the next fiscal year's budget, a significant...
brg_news_room
Jun 7, 20241 min read


World Bank Keeps Philippines GDP Growth Forecast Unchanged
PHILIPPINES: The forecast report released by the World Bank predicts that the Philippine economy is expected to grow by 5.8% in 2024 and...
brg_news_room
Jun 5, 20241 min read

RAK Ceramics Plans to Begin Faucet Production in Bangladesh
Bangladesh: RAK Ceramics is set to begin faucet production in Bangladesh, with a new factory in Gazipur expected to start operations...
brg_news_room
Jun 3, 20241 min read

New Zealand Government Introduces Modest Tax Cuts and Spending Reductions Amid Economic Challenges
New Zealand: The New Zealand government detailed a lackluster economy, rising unemployment, and a worse balance sheet as it provided...
brg_news_room
May 30, 20241 min read


Brazil Revises Economic Projections in Response to Inflation and Natural Disasters
Brazil: Brazil: Brazil’s Finance Ministry has revised its economic growth projections for 2024 while adjusting inflation forecasts to...
brg_news_room
May 27, 20242 min read


UK Economy Expected to Recover and Strengthen in 2024
UK: The UK economy is on track for a gentle landing, with growth forecast to resume in 2024 and strengthen in 2025, according to the...
brg_news_room
May 23, 20241 min read


China's Housing Rescue to Fall Short of Solving Crisis: Analysts
China: The downturn in China's new house sales has intensified in recent months, as more households opt to purchase properties in the...
brg_news_room
May 21, 20241 min read


Indonesia Eases Import Restrictions on Air Conditioners and Electronics to Clear Port Backlogs
Indonesia: Indonesia has eased its import regulations for electronic products, footwear, and textiles to swiftly clear the backlog of...
brg_news_room
May 20, 20241 min read

Malaysia's Economy Surpasses Expectations, but Inflation Risks Loom
Malaysia: Malaysia's economy expanded faster than predicted in the first quarter of 2024, aided by higher household spending and a...
brg_news_room
May 20, 20241 min read


UAE Economy Soars: IMF Forecasts 4% GDP Growth Amid Structural Reforms
UAE: The UAE’s economy is set to thrive in 2024, with the International Monetary Fund (IMF) forecasting a 4% growth in real GDP and...
brg_news_room
May 20, 20241 min read


Unemployment in Australia Increases as More Workers Transition Between Jobs
Australia: Australian unemployment rose higher than predicted as a larger-than-usual cohort of individuals found themselves between jobs,...
brg_news_room
May 16, 20241 min read


Trade-in Programme Boosts Chinese Consumer Spending; Opens Trillion-Yuan Market
China: China's economic planning agency, the National Development and Reform Commission (NDRC), recently met with private companies to...
brg_news_room
May 15, 20241 min read


Major Hotel Brands Gain Traction in Australia
Australia: Australia's hotel industry is experiencing a surge of activity, with major hotel brand groups actively expanding their...
brg_news_room
May 15, 20241 min read
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