Nepalese newspapers, however, have reported that Chaudhary Group has expressed keenness to buy the IFIC Bank’s shares in the Nepal-based bank after the central bank of Nepal rejected the buying proposal of NB Group – a major stakeholder in the bank
Staff Correspondent,
bdnews24.com
Published: 05 May 2021 07:49 PM BdST
Updated: 05 May 2021 07:49 PM BdST
Bangladeshi drugmaker Orion Pharma Ltd has reached out to Russia to manufacture the coronavirus vaccine in the country. );
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The company disclosed the development on the Dhaka Stock Exchange on Wednesday, saying it has approached the Russian Direct Investment Fund or RDIF to transfer the technology to produce the vaccine at Orion’s plant.
RDIF is a government agency that looks after foreign investments made in Russian companies.
Orion Pharma said it communicated with the Directorate General of Drug Administration over the proposal on May 2 and disclosed the matter to the Health Division on Tuesday.
BD Finance eyes $2b US investment
Signs deal with a company
Bangladesh Finance and Investment Company Ltd (BD Finance) has signed a deal with US-based Sovereign Infrastructure Group (SIG) to attract $2 billion worth of investment in infrastructure projects in the next two years.
BD Finance, a concern of Anwar Group, inked the agreement in Washington on Thursday, according to a joint press release.
The embassy of Bangladesh in Washington hosted the deal signing ceremony to commemorate the execution of a memorandum, which will serve as a long-term collaboration framework intended to enable SIG to bring American capital market investors to infrastructure projects in Bangladesh through BD Finance. This is a commitment for the largest-ever foreign funding brought by a Bangladeshi financial institution, Manwar Hossain, chairman of BD Finance and group managing director of Anwar Group, told The Daily Star on Thursday.
Senior Correspondent,
bdnews24.com
Published: 17 Feb 2021 01:25 AM BdST
Updated: 17 Feb 2021 01:25 AM BdST
Mobile operator Robi Axiata has cited the 2 percent minimum tax on turnover on stock market-listed telecom firms as a reason behind its decision not to pay dividends to investors. );
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The officials of the telecom firm, the second-largest in Bangladesh, said that the company s effective tax has increased to 71.8% in 2020 as a result of the minimum turnover tax, which in turn has significantly reduced its actual net profit.
But even if the dividends were disbursed, the amount would have been minimal and it would not have a positive effect on the market, according to them. Therefore, with its future in mind, the company decided to reinvest the profits without paying dividends.