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In The Aftermath Of Regime Change

Revolutionizing agriculture, role of nanotech underscored

Shamsul Huda

KSM Mostafizur Rahman, Managing Director of National AgriCare group and One Pharma Limited in an interview with The Daily Observer at his office at Hatirpool in the city emphasized the crucial need for enhancing agricultural productivity to combat inflation. Rahman speaking on Saturday highlighted that increasing agricultural output is imperative for stabilizing supply of agri-products and ...

BD construction industry poised to hit $44.13b in value by 2029

Shamsul Huda

The country's construction industry, valued at USD 32.33 billion in 2024, is poised for strong growth and projected to reach USD 44.13 billion by 2029, with an annual growth rate of 6.42 per cent. In the process infrastructure development and urbanization remain key drivers, contributing to the country's GDP growth. Infrastructure alone accounts for 8 per ...

BD construction industry poised to hit $44.13b in value by 2029

Shamsul Huda

Land purchasers raise various allegations against realtor Bestway Land Properties

Shamsul Huda

Land and plot purchasers are increasingly accusing Bestway Land Properties Ltd of delaying plot and land handovers, often creating ownership disputes, particularly at its Purbachal Bestway City project.Complaints about mismanagement and lack of accountability have drawn police involvement, raising serious concerns over the company's business ethics. The disputes have escalated as plot owners demand intervention and ...

In The Aftermath of Regime Change

Clients’ confidence in Mercantile Bank unshaken all time: Managing Director

Shamsul Huda

Mercantile Bank PLC Managing Director Quamrul Islam Chowdhury expressed confidence in the bank's ability to navigate through economic challenges, emphasizing that liquidity strength, market-driven interest rates and cyber security that shows the bank's strength to maintain clients trust. Talking to the Daily Observer he asserted that, the bank's liquidity position is secure. "We maintain a high ...

BD's apparel sector faces growing competition in global market

Shamsul Huda

Bangladesh's apparel sector is under pressure in the global market as competitors like Vietnam and India made significant strides in high-value garment exports. A recent report by the United States International Trade Commission (USITC) highlighted the shifting dynamics, revealing that Bangladesh is struggling to capture a larger share of the US market, which China is gradually ...

Bank Restructuring Yields Positive Outcome

Depositors regaining confidence: BCB CEO Tarik Morshed

Shamsul Huda

In an exclusive interview with the Daily Observer, Tarik Morshed, Chief Executive Officer and Managing Director of Bengal Commercial Bank (BCB), discussed the current state of Bangladesh's banking sector, highlighting both the challenges and opportunities that lie ahead. Morshed asserts that despite recent turmoil, the sector is on a positive trajectory under the guidance of ...

BB facilitates first tranche of Tk 9.5bliquidity support to weak banks

Shamsul Huda

Bangladesh Bank (BB) on Wednesday facilitated the transfer of Tk9.5 billion in liquidity support to several weak banks. Under the central bank's policy to bolster weaker financial institutions without printing money, stronger banks provided excess liquidity through inter-bank support.The First Security Islami Bank Limited (FSIBL) is to receive Tk3 billion from City Bank, Mutual Trust Bank ...

Single country source policy favours traders, stifles local agrochemical manufacturers

Shamsul Huda

The single country source policy, designed to regulate agrochemical imports is being flagrantly bypassed by traders, giving them an unfair advantage over local manufacturers to produce and supply agrochemical products locally. The single country source favours import by traders even from multiple sources under false certification while it stifles local manufacturers to grow and replace imports. Industry ...

Globe Edible Oil sues S Alam Group for compensation

Shamsul Huda

Globe Edible Oil Limited (GEOL) seeks compensation from S. Alam Group, as the previous controlling entity of IBBL, accusing it of deliberately orchestrating a financial disaster for GEOL labeling it as loan defaulter and capturing the company's assets.With the fall of Sheikh Hasina government, which has aligned with S Alam's Group in sheltering its attempts ...