Jagaran Chakma

Beximco Pharmaceuticals is set to acquire 54.6 per cent stake in Sanofi Bangladesh for about Tk 400 crore, as it looks to expand its product base and diversify into new areas.

Radiant Pharmaceuticals has acquired Julphar Bangladesh, a subsidiary of United Arab Emirates-based multinational Julphar Gulf Pharmaceutical Industries, for around Tk 140 crore.

The famed KTM motorcycles will be available in Bangladesh from January 25, thanks to Runner Automobiles.

Bikers in Bangladesh are one step closer to ride a high-capacity motorcycle after Ifad Autos signed a memorandum of understanding with British-bred Royal Enfield to import the famous two-wheelers.

With most businesses suffering a deep wound inflicted by the coronavirus pandemic, biscuit makers in Bangladesh have a different story to share.

Most listed cement makers witnessed higher profits in the July-September quarter last year thanks to an increase in demand from the construction sector amid the ongoing coronavirus pandemic.

The local market has emerged as a saviour for ceramics makers as the recovery in construction activities pushed up demand, helping manufacturers make a turnaround from the pandemic-induced losses amid a consistent fall in exports.

The retail price of liquefied petroleum gas (LPG) went up 10 per cent in the domestic market in January after demand rose in Western countries because of winter, pushing up the rate in the international markets.

Steel manufacturers registered around 40 per cent less turnover last year compared to 2019 as they were forced to sell finished products at lower prices in the face of low consumption, according to industry insiders.

Runner Automobiles is taking preparations to invest Tk 433 crore to set up an automobile assembling and manufacturing plant to grab a share of the rapidly growing commercial vehicle market.

The real estate and housing industry passed a relatively good year thanks to policy support for purchasing property with untaxed income as well as cheap bank loans.

Japanese company Kansai Nerolac will invest Tk 16 crore in its country subsidiary, Kansai Nerolac Paints Bangladesh (formerly known as RAK Paints), to expand its business and grab a bigger piece of the growing South Asian market.

Most of the industries in Bangladesh witnessed drastic fall in profits in the outgoing year due to the protracted pandemic. The pharmaceuticals industry was an exception.

With the year about to come to a close, the cement sector finally experienced some relief from the ongoing pandemic thanks to increased consumption alongside fresh investments.

The outbreak of Covid-19 and the subsequent lockdown put the plastic industry in Bangladesh into serious trouble in the first three months of the crisis.

Steel prices jumped 17 per cent in the last one month as millers hiked the rates in the wake of spiralling scrap prices in the international market, which will make the implementation of public construction projects and home building costlier.

Companies from Japan, Thailand and the United Arab Emirates have teamed up to upgrade the recently shuttered six sugar mills of the Bangladesh Sugar & Food Industries Corporation (BSFIC), ensure profitability and export by-products.

Water sharing and management of trans-boundary rivers will dominate today’s Bangladesh-India summit to be led by Prime Minister Sheikh Hasina and her Indian counterpart Narendra Modi, said officials.

Akij Venture, a concern of Akij Group, has expressed its intention to invest Tk 3,480 crore to set up 18 manufacturing facilities at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram.

Two Chinese companies are set to invest around Tk 244 crore, equivalent to $28.69 million, in Bangladesh for establishing manufacturing units for non-woven personal protective equipment (PPE), steel structural items and ready-mix concrete.