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Bangladesh must do more to win back GSP benefit: US

Bangladesh has to do more to improve factory conditions and workers rights in order to have U.S. trade benefits restored, the U.S. Trade Representative's office said on Wednesday. President Barack Obama revoked longtime trade benefits for Bangladesh a year ago, after a garment factory collapse and a factory fire killed more than 1,200 people and gave the country a checklist of things to improve. GSPA progress review found that Bangladesh registered new unions in the garment sector, dropped criminal charges against labor activists and was cooperating with priva...

BHBFC earns Tk 195cr profit in last fiscal

Bangladesh House Building Finance Corporation provisionally posted a net profit of about Tk. 195 crore in the fiscal year 2013-2014, said a statement. It was 188.99 crore in the fiscal year 2012-2013. The profit increased by Tk. 5.78 crore. BHBFCDuring the fiscal year, BHBFC had sanctioned Tk. 285.18 crore and disbursed Tk. 388.90 crore with the part of that of the previous year. In the fiscal year 2012-2013 sanctioned and disbursed amount was Tk. 539.25 & 437.49 crore respectively. In the fiscal year 2013-2014 the recoverable amount was Tk. 538.02 cro...

Beximco Pharma receives GMP approval from Taiwan

Beximco Pharmaceuticals Limited (“BPL” or “the Company”), the fast-growing manufacturer of generic pharmaceutical formulation products, active pharmaceutical ingredients and intravenous fluids, today announces that it has received GMP (“Good Manufacturing Practices”) accreditation from Taiwan Food and Drug Administration (TFDA) as the first Bangladeshi company. The company has received the approval for its oral solid, Inhaler and sterile eye drop facilities. Beximco PharmaTaiwan FDA is considered as one of the most stringent regulatory agenc...

Prizes of Robi Bishwa Cup Mania distributed

Supun Weerasinghe, MD and CEO of Robi Axiata Limited handed over prize to winners of Robi Bishwa Cup Mania Campaign on Tuesday (July 01, 2014) at Jamuna Future Park. 3Nazir Ahmed, Executive Vice President, Sales & Services Developed Market and Mohammad Manzur Rahman, Vice President, Voice & Device, Market Operation were present in the prize giving ceremony.

BD has potential to achieve higher inclusive growth: IMF

The International Monetary Fund (IMF) on Wednesday said Bangladesh has a vibrant economy and strong potential to achieve a higher and sustained inclusive growth. “Realising this potential will require safeguarding macroeconomic stability; further strengthening the financial sector, business climate and labour conditions,” said IMF Deputy Managing Director Naoyuki Shinohara in a statement at the conclusion of his two-day visit to Bangladesh. IMFHe also laid emphasis on building a fiscal space to increase the level and quality of spending on health, ed...

National Birth Registration Day Thursday

The National Birth Registration Day will be observed in the country on Thursday. The theme of this year’s day is ‘Once born, once registered’. The government has taken various programmes to mark the day. A discussion will be held at BIAM Auditorium in the capital at 3pm where deputy Speaker M Fazle Rabbi Miah will attend as the chief guest. Birth RegistrationMeanwhile, President Abdul Hamid and Prime Minister Sheikh Hasina have issued separate messages on the occasion. In his message, the President expressed the hope that th...
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