Real-Estate & Infrastructure

Two listed drug makers — Beximco Pharma and Acme Laboratories — posted higher profits in the first half of the current fiscal year (FY) 2021-22, thanks to higher sales amid pandemic. The sales rose riding on higher medicine consumption, which boosted revenue of the pharma companies and their earnings per …

UNICEF will provide $306 million financing to Bangladesh in next five years under its new country programme document (CPD) 2022-2026. The Bangladesh-UNICEF country programme document 2022-2026 was signed at Economic Relations Division (ERD) on Sunday. The new CPD 2022-2026 has outlined an indicative budget of $306 million, says an ERD …

The government is planning to build a world class shipyard near Payra seaport in Patuakhali costing around Taka 14,000 crore. Gentium Solutions, a Singapore and Australia-based company, and Damen Shipyards Group, a Netherlands-based company, are willing to finance the Taka 14,000 crore foreign direct investment (FDI) project. It will be …

Reconditioned vehicle import from July to December of the ongoing fiscal year increased by 54.8 per cent compared with that in the same period of the previous fiscal year. In July-December of FY22, a total of 8,768 reconditioned vehicles were imported from different countries like Japan, China, South Korea, Germany, …

Bangladesh will host the 36th Regional Conference for Asia and the Pacific of the Food and Agriculture Organization (FAO) for the first time since it joined the organisation in 1973. Allan Dow, head of communications of the FAO’s Asia-Pacific regional office, made the announcement at a virtual press conference yesterday. …

The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to provide detailed information about the accounts and transactions of Nobel laureate Dr Muhammad Yunus for the last two years. On January 20, the agency, which works to curb money laundering and terrorist financing, ordered banks to furnish it with the …

Though overall annual development programme (ADP) implementation slightly rose year-on-year in the current fiscal year’s first half, government spending for development projects is still below that of the pre-pandemic period. The government managed to spend Tk 56,962 crore from its ADP budget in this fiscal year’s six months till December, …

Top business leaders yesterday urged the government to take steps to put an end to the harassment businesses face at the hands of VAT and tax officials and extend the loan moratorium period to help them recover from the coronavirus pandemic. Some 40 to 50 per cent of businessmen will …

The Bangladesh Competition Commission (BCC) has drafted rules to complete inquiries within 15 working days after receiving allegations of anti-competitive practices. If needed, the BCC will get additional 10 working days to do the job as it looks to settle cases fast and create a competitive environment among businesses. “We …

A US-based multinational Huntsman Corporation is set to invest $20 million in an industrial unit at a private economic zone (EZ) in Bangladesh, people familiar with the development say. It will establish a dye and chemical manufacturing plant on five acres of land at Abdul Monem Economic Zone in Munshiganj. …