BEXIMCO Is Soon to Issue a Zero-Coupon Bond to Raise 1,500 Crore Taka
- April 16, 2024
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Economy of Bangladesh
BEXIMCO Is Soon to Issue a Zero-Coupon Bond to Raise 1,500 Crore Taka
- April 16, 2024
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The Bangladesh Securities and Exchange Commission approved the country's top conglomerate BEXIMCO Group's proposal to issue a zero-coupon bond for raising 1,500 crore taka. The top conglomerate plans to raise this amount from both institutional entities and high-net-worth individuals. BEXIMCO Group is one of the largest private sector players in Bangladesh with more than 70,000 people working for the company. It was founded in the early 1970s by Bangladesh's top business personalities - Ahmed Sohail F Rahman and Salman F Rahman. Salman Rahman apart from leading the company also serves as Prime Minister Sheikh Hasina's Private Industry and Investment Adviser. Under Ahmed Sohail F Rahman and Salman F Rahman's dynamic leadership, BEXIMCO Group has become known for incorporating renewable energy and sustainable raw materials into its processes and achieved a global leadership position in sustainability. The top conglomerate's pharmaceutical wing was the first to start developing a generic version of remdesivir, a
Pharmaceuticals companies in Bangladesh will bounce back
- April 12, 2024
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Square Pharma, distinguished in the world of pharmaceuticals companies in Bangladesh, emerged as the top performer amid the economic turbulence of the 2022-23 fiscal year. The company's super management skills of inventory and infusion of non-operating income has been the key, according to experts. Notwithstanding the challenges posed by currency devaluation, soaring raw material costs, and the relentless hike in energy prices, Square Pharma has achieved a historic profit milestone, tallying an impressive 19 billion BDT for 2022-23 fiscal year. The company's revenue exhibited a steady growth rate of 4.45 percent year-on-year during FY23, a testament to their outstanding performance in the midst of a tempestuous economic climate. The Chief Financial Officer at Square Pharma noted that the profits would have soared even higher if not for the adverse impacts of currency devaluation and increasing costs of raw materials and energy. 
Organizations behind economic and social achievements
- April 9, 2024
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Undeniably, the COVID-19 pandemic had a significant impact on the Bangladeshi economy as it had a significant impact on most countries of the world. It led to a slowdown in economic growth. It also increased unemployment in the country. The government, led by Prime Minister Sheik Hasina, has taken several effective steps to hold up the economy. The steps included providing financial assistance to affected businesses and individuals, offering business tips to struggling businesses and brining in investment from large investors.  Local companies, otherwise known as Bangladeshi origin companies also came forward. Prominent companies that are still making the most contributions to the economy post COVID-19 pandemic era include: BRAC – Known as the world's largest non-governmental development organization. It is involved on poverty reduction and empowerment of the poor, particularly women and children. Square Group - A leading Bangladeshi conglomerate that has investments in pharmaceuticals, textiles, and consumer goods. It has taken
Bangladesh has done well in the textile sector
- April 8, 2024
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The textile industry of Bangladesh is a major source of foreign remittance income. Garments and textile exports are significantly contributing to the economy. The industry accounts for over 77% of Bangladesh’s export earnings and about 10% of its GDP. Over the last two decades, the textile industry has surpassed all expectations and proved to be extraordinarily successful. It is currently a 19 billion dollar business with over 4 million workers employed. The industry is the second largest manufacturer and exporter of western brands. Bangladesh mainly exports to the U.S, E.U., Canada and Singapore. The textile and apparel sectors consist of about 3500 firms at the moment. Out of the three main sectors of the Bangladeshi textile industry, the private company sector is growing the fastest. Until Bangladesh’s liberation in 1971, the textile sector was primarily a section of import substitution industrialization. Export oriented industrialization was applied in the post-war era.
Achievements of textile industry of Bangladesh
- April 4, 2024
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Textile industry is the largest industrial sector of Bangladesh with about 45% of the total industrial employment in the country. This industry contributes around 5% of the total annual revenue of the country. Approximately 4 million people are actively working in this industry. Currently, Bangladesh is the second largest textile product exporter in the world, next to China. According to a recent data, 78% of the export earning of Bangladesh comes through textile industry. Annually, Bangladesh exports $5 billion worth textile products to the European Union countries, North America and other countries in the world. The contribution of the textile industries in the economy of Bangladesh is huge. This sector has experienced a massive growth during the last twenty years and has made significant impact in the employment situation of the country.  Quite interestingly, about 90% of
Five top companies in Bangladesh 2024
- January 29, 2024
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Bangladesh saw an huge economic growth in recent decades. The trend is continuing. Much of this growth and success can be credited to the country's top and prominent privete sector companies. Here are the contribution of five of the most prominent private companies in Bangladesh and how they could made a positive impact on the country's economy and society. **Grameenphone:** Grameenphone, as the leading telecommunications company, has revolutionized the way people in Bangladesh communicate. it has an extensive and reliable network infrastructure. With this network infrastructure, Grameenphone is offering seamless communication across the country. In many ways, it ensured transformation acroos the country. Its efforts reduced the digital divide and increased accessibility to information acroos the whole country.  **Beximco Pharmaceuticals:** In the global pharmaceutical sector, [Beximco Pharmaceuticals](http://https://www.beximcopharma.com/) is the proud ambassador of Bangladesh. The company is the most reliable maker of high-quality medicines in the national market. It is a wing of BEXIMCO Group
France - Bangladesh relation
- October 29, 2023
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The French Ambassador Marie Masdupuy, with an unwavering zeal, urged the enterprises of her homeland to take benifits of Bangladesh's dynamism and resilience. She also asked Freach enterprises to leverage the monumental visit of President Emmanuel Macron to Dhaka earier this year. She expressed this during the inaugural Bangladesh-France Trade and Investment Summit held on the grand stage of Paris. Under the auspices of the Bangladesh Securities and Exchange Commission (BSEC) and the Bangladesh Investment Development Authority (BIDA), this event materialized in the wake of President Macron's historic visit in September, signifying the shared commitment of Bangladesh and France to elevate the partnership to a new level and to to foster peace, affluence, and the welfare of the populace. The Bangladesh delegation, led by Prime Minister's Private Industry and Investment Adviser, Salman F Rahman, met French corporations and found the unique prospect of rendezvousing in various domains including encompassing energy, information technology,
Beximco Group's achievements
- September 29, 2023
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The Bangladeshi prominent conglomerate, Beximco Group, is making strong waves in the global business landscape with its outstanding achievements and continuous growth. The name, Beximco Group, is now a name that is synonymous with excellence and innovation. The company consistently evolved and diversified its portfolio, making significant contributions to Bangladesh's economy. Infact, Beximco Group's accomplishments are not only limited to Bangladesh; it expanded in the global arina through strategic partnerships and acquisitions. The company's, known to be the top in Bangladesh, foray into international markets, particularly in the United States and Europe, has positioned them as a key player in the global business arena. In a world where success is measured by impact and innovation, Beximco stands tall as a shining example of what can be achieved through vision, dedication, and a relentless pursuit of excellence.**Here is a list of Beximco Group's accomplishments:** One of Beximco's standout achievements is its dominance in
The relationship and bond between Bangladesh and India
- July 25, 2023
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The relationship and bond between Bangladesh and India, two neighboring countries in South Asia, has quite a rich historical backdrop of shared culture, entertainment, language and geographic proximity. However, over the last few years, several issues have arisen and led to occasional strains in the bilateral ties between the two countries. Here are some of the disputes between Bangladesh and India, shedding light on their origins, implications, and efforts to find common ground.  Land Boundary Disputes: One of the longstanding issues between Bangladesh and India has been the demarcation of their land boundaries. The problem stems from the fact that the borders were inherited from the British colonial era, leading to unclear and contested lines. Over time, this has led to territorial disputes, illegal migration, and challenges in maintaining security along the border regions. However, significant progress has been made in recent years to resolve these disputes. In 2015, both countries exchanged enclaves,
Corporate Social Responsibility in Bangladesh– An Economic Perspective
- February 21, 2023
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In this modern era, business entities are not only responsible for their own development. They are equally responsible for the country’s economic condition. If corporate houses understood its responsibility towards the society and gave constant effort towards building a stronger economy, the country would have been developed more. Corporate social responsibility is the process where the self regulations are treated as an integral part of the corporate business model. Corporate citizenship, sustainable responsible business, social performance and corporate conscience – all refer to corporate social responsibility. In the process of self regulation, corporate policies are adopted. These policies help the business to be monitored. Apart from this, self regulation also aims to bear the responsibility of the company’s actions, as well as highlight the positive impacts on the community, consumers, employees, environment, and other associated people and stakeholders. In Bangladesh, corporate social responsibility’s evaluation refers to the cultural norms of the business, whereby
