International Beverages, a subsidiary of the Coca-Cola Company, was recognised by the Bangladesh Innovation Awards 2022 at Le Meridien, Dhaka yesterday.
On Friday, November 19, 2021, the St. Mary’s County Sheriff’s Office Alcohol Enforcement Unit conducted 16 covert compliance checks within St. Mary’s County. Fourteen businesses were found to be in compliance, while two were not.
Bangladesh-US economic relations largely unutilised
Experts say at AmCham discussion
Star Business Report
Star Business Report
The Bangladesh-US economic relations have largely remained unutilised 50 years past independence, exemplified by bilateral trade which is too poor when compared with that gained by some competitors, businesses said yesterday.
In 2019, the US had a bilateral trade balance of $9 billion with Bangladesh, which is not that much considering the fact that it was only $4.1 billion in 2009.
In contrast, with Vietnam it was $81.3 billion, Malaysia $59.2 billion, Thailand $52.7 billion, Singapore $91.6 billion, Cambodia $5.9 billion, India $146.1 billion and China $558.1 billion.
The scenario was pointed out by A Gafur, director of Abdul Monem Economic Zone (AMEZ), at a virtual discussion on US-Bangladesh economic relation: Migration to a developing nation , organised by the American Chamber of Commerce in Bangladesh (AmCham).
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1. For the quarter, Revenue from operations increased by 23% (21% in constant currency) as compared to corresponding quarter of the previous year, led by volume and value growth in the branded business. The Group s business segments catering to out of home consumption continue to be adversely impacted, with progressive recovery from the earlier lows. Profit before exceptional items and tax at Rs 298 Crores is higher by 13% as compared to corresponding quarter of the previous year, mainly on account of growth in revenue and good control over expenditure despite record tea cost inflation in India. Lower tax provision in the current quarter is on account of one time credits and profit mix. Group Consolidated Net Profit is higher by 29%.