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February 24, 2024
Industry : Healthcare

The Department of Health has issued 10 guidelines for private hospitals, clinics, and diagnostic centers. These include displaying licenses prominently, appointing an information officer, and adhering strictly to the services allowed by their license category. Each doctor’s professional degree, registration, and appointment letter must be on record. The presence of a registered physician is mandated for operations, with anesthesia administration restricted to licensed hospitals or clinics. Labor room protocols and operation theater etiquette must be followed in all registered or licensed facilities.

February 24, 2024
Industry : Consumer & Retail

A once-respected conglomerate, Transcom Group, faces internal turmoil after the passing of founder Latifur Rahman. Second-generation heirs, in a dispute over wealth distribution, accuse the current chairman and CEO of fraud and breach of trust, allegedly depriving them of their rightful share of the Tk10,000 crore family wealth. Five Transcom officials were arrested but later released on bail. The legal clash reveals deep-seated familial divisions and highlights succession complexities. Allegations include misappropriation of Tk100 crore, illegal acquisition of Transcom shares, and forgery of documents. The cases cite clauses of the Bangladesh Penal Code, including criminal breach of trust and forgery. Transcom’s history dates back to 1972, originating from jute mills and later diversifying into various sectors. Despite partnerships with global brands, Transcom faced challenges from faster-growing local competitors. In 2023, Transcom’s revenue was $685.1 million, employing over 25,600 people.

February 24, 2024
Industry : Commodity

The Ministry of Industries initially decided to raise state-run sugar mill prices, but later reversed the decision due to public concern. The Bangladesh Sugar and Food Industries Corporation (BSFIC) had increased retail sugar prices by 14%, reaching Tk 160 per kilogram, prompting the government’s reconsideration. Currently, sugar in Dhaka is sold at Tk 135-140 per kg. BSFIC attributed the hike to domestic and international market rates. Despite a 20% increase in sugar production by BSFIC, reaching nearly 11,000 tonnes from July to December 2023-24, they decided to maintain the previous price of Tk 140 per kg.

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