Almost all listed pharmaceutical companies in Bangladesh logged higher profits in July to September thanks to higher sales as people shook off coronavirus fears to avail treatments and the lower cost of bank finances.

The country’s software companies are connecting people in Bangladesh with the global value chain especially through microfinance clients, analysts said at a seminar today.

Tesla CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric car company this week, taking advantage of a meteoric rally that vaulted the firm’s value to over $1 trillion.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged French investors to take note of Bangladesh as an ideal destination for relocating industries.

Rod prices in Bangladesh hit Tk 80,700 per tonne because of the persistent high prices of raw materials globally, supply constraints, and the latest hike in fuel prices locally, official figures showed on Friday.

Public and private sector leaders in Bangladesh and the UK came together at “Showcase Bangladesh 2021: Bangladesh-UK Investment Summit”, to discuss the many win-win propositions that can take the UK-Bangladesh trade and investment relations to new heights.

Bangladeshi feeder vessel operator HR Lines, a subsidiary of the country’s only container vessel owning firm Karnaphuli Group, is now in the final stage of negotiations with a Chinese shipbuilder over building four 3,000 TEU-capacity vessels.

Traders who import goods from Myanmar through Teknaf land port have become hostage to an organised syndicate at the trade gateway on the southeastern border of the country.

DBL Group has made a foray into the pharmaceutical industry after enjoying success in its export-based garments and ceramic tiles businesses.

A fifth drugmaker -- Incepta Pharmaceuticals Ltd -- received authorisation yesterday for the emergency production and marketing of molnupiravir, said a senior official of the Directorate General of Drug Administration (DGDA).

Contractors of infrastructure projects yesterday demanded the government increase the procurement prices of construction materials as the current market prices of key ingredients are higher than the government rates.

In line with the spiralling cost of other daily essentials, the retail price of potato rose sharply by 39 per cent.

Kido Dhaka Company Ltd, a Dhaka-based South Korean company, is going to establish a high-end garments and sportswear manufacturing industry at Adamjee Export Processing Zone with an investment of $31.17 million.

Aziz Pipes, a listed PVC product producer, closed its factory due to the lack of working capital, financial crisis and liable loan, raw material crisis and lack of reserve.

South Korean company Kido Dhaka Co Ltd is going to establish a high-end garments and sportswear manufacturing industry in Adamjee Export Processing Zone with an investment of $31.17 million.

Exporters have utilised just around 24 per cent of a government quota on selling hilsa to India within the stipulated timeframe which came to an end on Friday.

Deshbandhu Group invested around Tk 800 crore in the last one year despite the business uncertainty caused by the coronavirus pandemic as it looks to expand its footprint in the overseas markets.

Asia’s gradual easing of international travel curbs is proving a welcome relief for the region’s hard-hit tourism operators slowly opening up to visitors from around the world - with one giant exception.

Premium prices from international clothing retailers and brands have remained elusive for deserving local textile and apparel makers who have doled out extra money and efforts in setting up green buildings and adopting eco-friendly manufacturing practices.

Malaysia has expressed interest to invest in palm oil-centric industries in Bangladesh to diversify exports.