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Incepta Pharma drops the Covid vaccination initiative
January 24, 2023

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Title- Intelligence tag- supply chain insight Due to the vaccine’s current ineffectiveness, Incepta Pharmaceuticals withdraws from Sinopharm’s proposal to produce the Covid-19 vaccine in China. Abdul Muktadir, chairman of Incepta, stated that the vaccine we intende...
Innovation Insights
Industries experience gas shock
January 24, 2023

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In an effort to end subsidies and reduce the fiscal deficit, the government dramatically increased gas prices on Wednesday by 179%. The cost of gas used in the production of electricity has increased from Tk5.02 to Tk14 (179% surge). The cost of using gas is increased by 178% ...
Industry insights, Regulatory Insights
TCB will purchase lentils and soybean oil before Ramadan
January 24, 2023

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Prior to Ramadan, The Trading Corporation of Bangladesh would purchase 8,000 tonnes of lentils and 1.1 crore liters of soybean oil. Muslims’ fasting month is expected to start in late March. Lentils would now cost Tk 92.46 per kilogram, down from Tk 101.97 when purchased...
CSR Insights
Cultivation in large floating beds starts in Gopalganj
January 24, 2023

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The low-lying marsh areas of Gopalganj’s Kotalipara upazila are now home to 2,400-meter-long floating beds where local farmers have begun growing vegetables. The program was launched on Saturday afternoon at Machartara Village in Kandi Union by Project Director Dr. Bijoy...
Market Insights
Recovery of bad loans falls by 51% in Q3
January 24, 2023

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Bad loan recovery dropped 51% to Tk 1,876 crore in the July-September quarter of 2022. Banks attribute the sharp decline to the deteriorating economic climate brought on by the currency crisis as well as the central bank’s lax lending policy. However, compared to the pri...