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Beximco to acquire major stake of Nuvista Pharma

Country’s leading medicine producer Beximco Pharmaceuticals Limited, today announces that it has entered into a non-binding Memorandum of Understanding (“MoU”) under which Beximco Pharma may acquire a majority shareholding (85.22%) in Nuvista Pharma, a leading pharma company in Bangladesh specializing in hormones and steroid drugs. The Proposed Acquisition, remains subject to due diligence and negotiation and completion of a definitive Sale and Purchase Agreement. It is expected that the Proposed Acquisition will be completed by the end of December 2017. Pho...
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Myanmar’s repatriation proposal trickery, not trustworthy

The governments of Bangladesh and Myanmar agreed, on 2nd October, to work on a repatriation plan. State Counsellor Daw Aung San Suu Kyi said that verified refugees will be accepted. But the question is how the terrified and traumatized refugees would be repatriated to Arakan/Rakhine State where they experienced, witnessed and fled the genocidal brutality of Myanmar troops, Rakhine terrorists and other vigilantes. Despite assurance by the Myanmar government the violence and brutality continue. There were arson attacks on Quarter No.5 of Maungdaw town even today. Therefore, the Myanmar government’s policy is obscure and its offer for repatriation is trickery. During recent weeks more than half a million Rohingya refugees have taken refuge in Bangladesh due to genocide by Suu Kyi-army r...

Human-chain at BRU to protest Rohingya torture

The students of Mass Communication and Journalism Department of Begum Rokeya University (BRU), Rangpur early on Tuesday formed a human-chain for protesting atrocities on Muslim Rohingya in Mayanmer." Save Rohingya, stop genocide" was the slogan of the human-chain. rohingya-childrenChairman of the Dept, Prof Dr Nazrul Islam, the members of different social, political, and cultural organizations and students of the Departments were present there. Dr Nazrul Islam said, "the Rohingya crisis has resounded the...

Shanghai Stock team visits CSE

A 5-member delegation of Shanghai Stock Exchange (SSE) headed by its Chairman came in Bangladesh on 03 September in an official tour. The delegation had a bilateral meeting with the CSE (Chittagong Stock Exchange Ltd.) on the same day in Westin, Dhaka. CSE Chairman Dr. A. K. Abdul Momen, Managing Director, Mr. M. Shaifur Rahman Mazumdar, Director, Major (Retd.) Emdadul Islam and Director, Mr. Mirza Salman Ispahani welcomed the team. CSE 0409 The SSE delegation team and the team of CSE discussed on bilateral issues and mutu...

Jamuna Bank Foundation distributes relief in Kurigram

With the initiative and finance by Jamuna Bank Foundation,relief has been distributed among the people affected by flood and river-erosion at Jorgas Bazar,Chilmari Bondor, Kurigram District. 03A total of 2500 Relief-packages, which is worth of more than Taka 17 lacs, were distributed among Flood afflicted families. Each package includes Rice, Dal, Salt, Oil, Cheera, Candles, Match-box, Water-purifier, Orsaline. The Chairman of Jamuna Bank Foundation Al-Haj Nur Mohammed distributed the Relief. Mirza Elias Uddin Ahmed, Additional Managi...

Bangladesh stepping into higher growth trajectory

Bangladesh GDP, after almost a decade of 6 per cent plus growth, has achieved 7.24% in FY 17. Bangladesh ranked 31st among the world’s 32 largest economies in 2016. Its GDP (PPP) was $628 billion, and it was projected to increase to $3,064 billion in 2050, according to report of PricewaterhouseCoopers (PwC), as mentioned by ICC Bangladesh to its latest News Bulletin editorial (April-June 2017 issue). By 2050 Bangladesh, India and Vietnam will become the fastest growing economies, with Bangladesh expected to see an impressive growth that will push it to 23rd place overall, the report added. PwC ranked 32 countries by their projected global gross domestic product (GDP) at purchasing power parity (PPP), and made projections for up to 2050.
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