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. ![Red Black and Orange Vivid Professional Static Political Quote
Country's leading conglomerate Beximco Group faced a 33% year-on-year profit decline in the July-March period of 2022-23 financial year. On the bright side company's sales increased 3% on year-on-year basis to BDT 5,836 crore. According to the company officials', profit declined largely due to a sharp depreciation of the local currency and increasing freight costs. The company, known as the largest private sector company in Bangladesh, continues to have impressive financial records. According to the financial statements, company's profit stood at BDT 767 crore in the first nine months of 2022-23. It was 1,154 crore in the same period last year. Electricity tariffs and freight charges increased by a big margin in the last nine months, resulting in a drop in profit for most [top companies in the country](http://corporatebangladesh.net/top-corporate-groups), according to statistics. In addition to that, taka lost value by 14.50 per cent against the UD Dollar in July-March period
The Prime Minister's private Industry & Investment Advisor Salman F Rahman spoke about future possibilities of freelancing in Bangladesh. He gave a strong speech lately. He said that the economic achievement of which Bangladesh has been able to succeed in doing these in last 10 or 11 years, are actually phenomenal. We have grown at a rate of 7% plus over the last ten years;and last year, last fiscal year we grew at 8%. The Asian Development Bank has recently said, in the Asia Pacific region, Bangladesh has the highest growth. HSBC bank has done a projection of 75 countries that how their growth rate will be over the next 15 years upto 2035. And in that project, they are saying that they have created a model and they are saying that Bangladesh will grow, will be the single country in the whole world which will grow at the highest
A solid transport system is the epitome of development of a nation and Bangladesh has realized it in due time. Bangladesh has an array of recent developments and future projects in the transport network with roads, highways, railways, inland waterways, two maritime ports and several airports that serve both domestic and international traffic. This article looks at some of the recent achievements and ongoing projects in our transport sector. Under the budget of the FY 2018-19, the transport and communication sector was allocated with around Tk 47, 831 crore, which is the biggest share of the development budget. This had amounted to 26.6% of the total development budget for that fiscal year. Among the recent developments in road transport, the biggest highlight has to be the completion of the reconstruction of the three bridges of Kanchpur, Meghna and Meghna-Gumti. Reconstruction of all the three bridges were completed in May 2019, way before
The contrast between a cerebrum and a computer must be communicated by a solitary word, that is, 'intricacy'. The human mind is the most confounded thing known not. The human mind weighs just three pounds. In these three pounds, there are ten billion nerve cells and a hundred billion littler cells. These billions of cells are interconnected in an extremely muddled system that can't be seen effortlessly. Is it possible that a computer can think? That relies on upon what you mean by 'think'. On the off chance that taking care of a numerical issue is 'considering', then a computer must think, and does speedier than man does. Obviously, a large portion of the numerical issues can be explained mechanically by rehashing certain direct procedures and over. Indeed, even the straightforward computers of today can do this. It is every now and again said that computers take care of issues simply because
Country's top internet technology service provider, BEXIMCO IT, recently signed several service agreements with reputed companies. On September 19, it signed an agreement with GraphicPeople. Earlier, on 10 January, it signed an agreement with Gloria Jeans, Bangladesh Liaison Office. A wing of Bangladesh's top private sector company, Beximco Group, BEXIMCO IT is providing reliable internet & data communication services since December 1999. The company aims to maintain the fastest access of the information super highway for its customers. The hard working team of BEXIMCO IT is committed to give their best to ensure clients get the best service. On the agreement signing ceremonies with GraphicPeople and Gloria Jeans, Bangladesh Liaison Office, Mr. Arif Chowdhury, General Manager, Sales & Marketing, IT Division, BEXIMCO signed on behalf of the company. The company is committed to provide with the very best services to GraphicPeople and Gloria Jeans. BEXIMCO IT is the most trusted internet service provider in