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South Korean Ambassador to Bangladesh, Park Young-sik, stressed the urgent need for an Economic Partnership Agreement (EPA) as Bangladesh nears its graduation from least developed country (LDC) status on November 24, 2026. At the “Korea-Bangladesh Economic Cooperation” seminar, he highlighted that swift negotiations are vital for market access and foreign investment. Park noted that South Korea would consider Bangladesh a developing country after negotiations, requiring attention to specific issues. He also mentioned Bangladesh’s plan to join the Regional Comprehensive Economic Partnership (RCEP). Sector leaders emphasized the importance of collaboration to ensure quality economic growth amid challenges following LDC graduation.
The government has removed the maximum investment ceiling on Wage Earner Development (WED) bonds to encourage expatriates to invest in Bangladesh. A recent circular from the Internal Resources Division (IRD) also allows expatriate mariners, pilots, and cabin crew employed by foreign companies to invest in WED bonds, effective December 1, 2024. Additionally, the IRD has simplified reinvestment options for various savings instruments, including WED and US Dollar bonds. Expatriates can now invest in WED for one term and reinvest for two consecutive terms, totaling 15 years, while reinvestments in US Dollar bonds will be valid for four consecutive terms.
Xingchen Textile Co Ltd, a Chinese company, has signed a $35.03 million investment deal with the Bangladesh Export Processing Zones Authority (Bepza) to establish a textile recycling factory in Mongla EPZ. The factory will recycle scrap fabric, known as “jhut,” to produce 20,000 tonnes of yarn and 12,000 tonnes of woven fabrics annually, creating 600 jobs for Bangladeshis. This makes Xingchen the second Chinese investor in the Mongla EPZ’s textile recycling sector.
Linde Bangladesh reported a dramatic profit increase of 264 times in the third quarter of 2024, primarily due to the sale of its welding business, earning Tk 7.72 billion despite an operational loss of Tk 267 million. Although revenue rose 3% to Tk 1.68 billion, this did not translate into operational profits, with costs surging 228% to Tk 430 million due to retirement benefits paid post-sale.
Following the announcement, Linde’s stock jumped 7.5% on the Dhaka Stock Exchange. The sale also significantly boosted its nine-month profit to Tk 6.28 billion, though investors were advised to be cautious about the sustainability of this profit surge. The company declared an unprecedented 4,100% interim cash dividend, totaling Tk 6.24 billion, primarily benefiting its major shareholders. However, Linde’s profits have been declining, from Tk 883 million in 2022 to Tk 525.68 million in 2023, raising concerns about future profitability after the sale of a key revenue-generating business.
Aarong, the market leader in liquid milk, has increased its prices by Tk 10 per liter, setting the new retail price at Tk 100 for one liter and Tk 50 for half a liter. This marks the first price adjustment since August 2022, driven by rising production costs, including a Tk 5 increase in payments to farmers for raw milk.
While Aarong’s parent company, BRAC Dairy, cites higher livestock feed and material costs, competitors like Pran RFL and Milk Vita have not yet raised their prices. Critics express concern over the timing of this hike as the interim government attempts to control inflation and stabilize commodity prices.
Bangladesh’s domestic milk production is 9.9 million tonnes, while demand is 15 million tonnes, necessitating imports of powdered milk to meet the shortfall.
Linde Bangladesh reported a dramatic profit increase of 264 times in the third quarter of 2024, primarily due to the sale of its welding business, earning Tk 7.72 billion despite an operational loss of Tk 267 million. Although revenue rose 3% to Tk 1.68 billion, this did not translate into operational profits, with costs surging 228% to Tk 430 million due to retirement benefits paid post-sale.
Following the announcement, Linde’s stock jumped 7.5% on the Dhaka Stock Exchange. The sale also significantly boosted its nine-month profit to Tk 6.28 billion, though investors were advised to be cautious about the sustainability of this profit surge. The company declared an unprecedented 4,100% interim cash dividend, totaling Tk 6.24 billion, primarily benefiting its major shareholders. However, Linde’s profits have been declining, from Tk 883 million in 2022 to Tk 525.68 million in 2023, raising concerns about future profitability after the sale of a key revenue-generating business.
Aarong, the market leader in liquid milk, has increased its prices by Tk 10 per liter, setting the new retail price at Tk 100 for one liter and Tk 50 for half a liter. This marks the first price adjustment since August 2022, driven by rising production costs, including a Tk 5 increase in payments to farmers for raw milk.
While Aarong’s parent company, BRAC Dairy, cites higher livestock feed and material costs, competitors like Pran RFL and Milk Vita have not yet raised their prices. Critics express concern over the timing of this hike as the interim government attempts to control inflation and stabilize commodity prices.
Bangladesh’s domestic milk production is 9.9 million tonnes, while demand is 15 million tonnes, necessitating imports of powdered milk to meet the shortfall.
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Linde Bangladesh reported a dramatic profit increase of 264 times in the third quarter of 2024, primarily due to the sale of its welding business, earning Tk 7.72 billion despite an operational loss of Tk 267 million. Although revenue rose 3% to Tk 1.68 billion, this did not translate into operational profits, with costs surging 228% to Tk 430 million due to retirement benefits paid post-sale.
Aarong, the market leader in liquid milk, has increased its prices by Tk 10 per liter, setting the new retail price at Tk 100 for one liter and Tk 50 for half a liter. This marks the first price adjustment since August 2022, driven by rising production costs, including a Tk 5 increase in payments to farmers for raw milk.
Company Monitor
Linde Bangladesh reported a dramatic profit increase of 264 times in the third quarter of 2024, primarily due to the sale of its welding business, earning Tk 7.72 billion despite an operational loss of Tk 267 million. Although revenue rose 3% to Tk 1.68 billion, this did not translate into operational profits, with costs surging 228% to Tk 430 million due to retirement benefits paid post-sale.
Aarong, the market leader in liquid milk, has increased its prices by Tk 10 per liter, setting the new retail price at Tk 100 for one liter and Tk 50 for half a liter. This marks the first price adjustment since August 2022, driven by rising production costs, including a Tk 5 increase in payments to farmers for raw milk.
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South Korean Ambassador to Bangladesh, Park Young-sik, stressed the urgent need for an Economic Partnership Agreement (EPA) as Bangladesh nears its graduation from least developed country (LDC) status on November 24, 2026. At the "Korea-Bangladesh Economic Cooperation" seminar, he highlighted that swift negotiations are vital for market access and foreign investment.
The government has removed the maximum investment ceiling on Wage Earner Development (WED) bonds to encourage expatriates to invest in Bangladesh. A recent circular from the Internal Resources Division (IRD) also allows expatriate mariners, pilots, and cabin crew employed by foreign companies to invest in WED bonds, effective December 1, 2024.
Xingchen Textile Co Ltd, a Chinese company, has signed a $35.03 million investment deal with the Bangladesh Export Processing Zones Authority (Bepza) to establish a textile recycling factory in Mongla EPZ.Â
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