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Bangladesh

Beximco starts medicine export to Kuwait

Beximco Pharmaceuticals Limited (“BPL”, “Beximco Pharma” or “Company”) has commenced export of medicines to Kuwait, a press release says today. This is the first time a Bangladeshi pharmaceutical company has launched pharmaceutical products in any gulf member country (GCC). A launching ceremony was held at the factory Photopremises of Beximco Pharma to mark the shipment of first consignment to Kuwait in presence of the ambassador of Kuwait His Excellency Mr. Adel Mohammad A. H Hayat. Vice Chairman of Beximco group Mr. Salman...

Challenge remains in minimising urban-rural disparity

The proposed national budget for 2016-17 has seen a slight rise in allocation for water, sanitation and hygiene (WASH) sector, however, the challenge remains in minimising urban-rural disparity. Per capita allocation in urban area is Tk 1,121 against   Tk 55 for the rural. A massive 86% of the WASH allocation has been earmarked for big cities. Good news is a project amounting Tk 500 crore has been proposed for hard-to-reach areas, however, it is yet to be funded. Although three new special projects for remote and disadvantaged communities and arsenic-prone areas has been proposed but no allocation has

BNCC draft gets cabinet nods

The cabinet has given final approval to the draft of “The Bangladesh National Cadet Corps (BNCC) Act-2016” and a proposal for ratification of the WTO agreement on trade facilitation. The approval was given in the weekly meeting of the cabinet held at the cabinet room of Jatiya Sangsad with Prime Minister Sheikh Hasina in the chair. Briefing reporters later at Bangladesh Secretariat, cabinet secretary M Shafiul Alam said the draft on BNCC proposed for giving legal shape to the organization which is entrusted with the task of grooming youths from educational institutions as future leaders.

US envoy calls on BB governor

United States Ambassador to Bangladesh Marcia Stephens Bloom Bernicat today paid a courtesy call on Bangladesh Bank Governor Fazle Kabir at his office in the city. Us envoy"Bernicat met BB governor at noon. It was a courtesy call," chief spokesperson of Bangladesh Bank Subhankar Saha told BSS. Saha, also an executive director of the bank said, "It was the first meeting of Bernicat with Fazle Kabir as Governor of Bangladesh Bank." Senior officials of Bangladesh Bank attended the meeting, he added.

Salman leads business delegation to KSA

A ten-member business delegation, led by Salman F Rahman, former president of FBCCI and Vice Chairman of Beximco Group, will leave Dhaka for Saudi Arabia today (Friday) as part of Prime Minister Sheikh Hasina’s 5-day official visit to KSA (Kingdom of Saudi Arabia). The prime minister’s Saudi visit is considered very significant as Bangladesh holds huge potential to attract Saudi investment, a press release said. bd-ksaThe business delegation leader Salman F Rahman is also very optimistic to woo Saudi investment. “As Bangla...

BGMEA urges govt to revise tax on sources

Terming some initiatives of the national budget for fiscal 2016-17 as encouraging for industrialization, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today said the proposed 1.50 percent tax on source would hinder the goal of export earning envisaged by the government in line with vision-2021. "Some initiative might pave the way of industrialization, but 1.50 percent tax on sources would directly create hindrance the evolvement of industrialization," said BGMEA President Md. Siddiqur Rahman in a media briefing that organized to pass their reaction on the proposed national budget, reports BSS. Mentioning that 1.50 percent tax on source would increase 150 percent direct tax, he said "any wrong
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