While Bangladesh’s pharmaceutical sector has exceeded expectations and surpassed many comparator countries, the industry’s reliance on imports for raw materials has long been a limiting factor.
The year 1982 was a watershed in the history of the pharmaceutical industry of Bangladesh as the government stepped in to lay the foundation for its stellar growth in the subsequent decades.
Alphabet reported profit of $23.7 billion on revenue of $80.5 billion, Microsoft's revenue was $61.9 billion, with net profit up by 20 percent to $21.9 billion
Sumon Howlader, president of the Bangladesh Poultry Association (BPA), claimed that marginal farmers have suffered losses totalling around Tk 200 crore in the past 10 days due to the effects of the heatwave.
Since the floor price removal, the stocks have been bleeding owing to massive sell-offs by local and foreign investors as the economic uncertainty persists
China (together with Hong Kong) continues to be the largest origin economy for counterfeit and pirated goods, accounting for more than 85 percent of global seizures of counterfeit goods from 2017 to 2019.
The International Monetary Fund yesterday recommended reducing government subsidies by hiking prices of power, gas and fertiliser, and spending the saved money on society safety net programmes.
The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), plunged 60 points, or 1 percent to 5,518.
Islami Bank Bangladesh, the largest and oldest shariah-based bank in the country, today announced that it would borrow Tk 1,000 crore through the issuance of bonds to improve its capital adequacy in line with Basel-III.
So far, any loss of productivity or major casualty has been averted while no incident related to the thin presence of workers or missing shipment deadlines has been recorded.
Thousands of women from several villages in Mymensingh’s Phulbaria upazila are now becoming self-reliant by making an earning through the production of traditional handicrafts from a variety of leaves.
A former colleague shared one of the most bizarre local news about an employee who hired a goon to severely beat up his boss for being the cause of excessive stress in the workplace.
Reckitt Benckiser (Bangladesh), whose brands include Dettol, Mortein and Harpic, witnessed a drop in revenue of around 3 percent year-on-year in the last January-March period, citing that it was due to a drop in sales.
In a rare move, the Bangladesh Bank has restricted the entry of journalists to its offices for the first time in its history, prompting a group of journalists to protest.
Bata Shoe Company (Bangladesh) Ltd’s profit dropped 2 percent year-on-year to Tk 40.09 crore in 2023, yet it recommended its highest-ever cash dividend
Islami Bank Bangladesh recorded a profit of Tk 635.33 crore in 2023, the highest since 2019
The income tax exemption period for the software and information technology services sector is set to expire in June of this year.
The rise in sales and profit continued Meta's rebound of 2023, which came thanks to drastic cost-cutting, including massive layoffs
The company gives credit to fall in administration, distribution costs and selling expenses
The Chinese market alone is crucial: it’s the world’s biggest with sales of 22 million vehicles last year, according to the China Passenger Car Association
Tesla reported a big drop in quarterly profits Tuesday amid an increasingly cutthroat electric vehicle market
ICMAB organises a pre-budget discussion
The company will produce annually 271 million pieces of zipper and accessories
The council will strengthen economic ties and cooperation
Accountholders of merged banks will be able to maintain their respective accounts as before
Prof Dr Md Ubaidul Kabir Chowdhury, a prominent dermatologist, has been appointed as chairman of Bangladesh Red Crescent Society
Probir Chandra Das, deputy managing director and CFO of National Life Insurance Company, and Moinul Hye Asif, executive vice-president and head of risk and compliance of MetLife, have recently been elected as chairman and general secretary respectively of the Insurance Companies CAMLCOs Association of Bangladesh (ICCAB) for a two-year term (2024-25).
The Embassy of Bangladesh in the US capital of Washington DC and Sonali Exchange Company Incorporation (SECI), a subsidiary of Sonali Bank, jointly organised a customer gathering and SECI app campaign at the embassy’s Bangabandhu auditorium.
Visa has appointed Sabbir Ahmed as the country manager for Bangladesh, Nepal and Bhutan
Prime Bank recorded a profit of Tk 131.34 crore in the January-March quarter of the current financial year
Matin Spinning Mills’ profit jumped 790 percent year-on-year to Tk 9.55 crore in the January-March quarter.
Mohammad Iqbal Chowdhury, chief executive officer of LafargeHolcim Bangladesh, paid a courtesy call on Environment Minister Saber Hossain Chowdhury at his office in Dhaka recently.
Standard Chartered Bangladesh (SCB) has arranged the first Indian rupee (INR) denominated trade transaction to facilitate the import of Unilever Bangladesh Ltd (UBL), the largest multinational company operating in the fast-moving consumer goods (FMCG) sector.
The price of potatoes has begun an upward climb in the market
Based on the compilation of media reports on bank scams between 2008 and 2023, CPD said as much as 92 thousand crores of taka have been siphoned out of the banking sector in the last fifteen years
How can Bangladesh avoid the economic crisis to deepen further?
What are WTO’s duty-free benefits?
Why is Bangladesh facing economic problems? Why did the country fail to follow the IMF's loan conditions? What are the remedies?
Bangladesh Bank today informed that non-bank financial institutions (NBFIs) would not be able to approve loans to new industries which have not obtained no-objection certificates from authorities concerned of their respective electricity and gas suppliers.
Al-Arafah Islami Bank declared a 15 percent dividend, including 10 percent cash dividend, for the year that ended on December 31, 2023.
Agrani Bank has appointed Tahmina Akhter as deputy managing director.
Uttara Bank has opened a sub-branch in Habiganj’s Baniachong upazila today.
Eastern Bank and Bangladesh Merchant Marine Officers’ Association (BMMOA), in collaboration with VISA, recently launched co-branded VISA signature and VISA platinum credit cards along with debit cards.
Mutual Trust Bank (MTB) said today that it plans to construct its corporate head office on a three-bigha plot of land, which it will purchase for Tk 108 crore
The BSEC issued an order recalibrating the circuit breaker, saying that stocks of listed companies would not be allowed to fall more than 3 percent based on the previous day's closing price.
The Bay Terminal project’s two container terminals, a multipurpose terminal and an oil and gas terminal will all be implemented wholly with FDI, said the CPA chairman.
The IMF mission suggested that the upcoming budget, which will be unveiled in the first week of June, should be smaller than the projection, citing a low revenue collection, according to a number of finance ministry officials who attended the meeting.
The Parliament’s vote came on the 11th anniversary of the tragic collapse of the Rana Plaza building, which killed 1,138 garment workers and injured more than 2,000 others.