Bangladesh has made substantial progress in their economic stability quotient with every passing fiscal year and 2017-18 was no different. According to Planning Minister AHM Mustafa Kamal, the country’s per capita income rose to $1,751 while the Gross Domestic Product registered at 7.86% in the mentioned time period. The country’s meteoric rise has been possible […]
The Progress of Bangladesh in Power Sector
A joint venture of Beximco Power Company Ltd, Teesta Solar Limited (TSL) and China’s TBEA Xinjiang Sunoasis Co Ltd has signed an agreement of power purchase with Power Development Board (PDB) to establish a solar power plant with 200 MW (AC) capacity in Gaibandha. In the presence of Beximco Group’s Vice-Chairman, Salman F Rahman, the […]
Bangladesh’s pharmaceutical sector gets a makeover as Beximco Pharma’s Nadolol gets FDA approved
Beximco Group’s drug vertical Beximco Pharmaceuticals received the US Food and Drug Administration (FDA) approval for their Nadolol tablets. These tablets, which are used to treat hypertension and chest pain, are available in 20mg, 40mg, and 80mg variants. Bristol-Myers Squibb’s Corgard is an equivalent to this drug, which happens to be a generic product. Nadolol’s […]
Beximco Group to set up Bangladesh’s first LPG-based power plant
Beximco Group on Wednesday, signed a memorandum of understanding (MoU) regarding establishing the first ever Liquefied Petroleum Gas (LPG)-based power plant of Bangladesh. The MoU was signed on July 11, 2018, at the Beximco corporate office in Dhaka with the GE Power, a global leader in power generation and a concern of General Electric Company […]
Rahman Brothers: Navigating Bangladesh towards achieving a Global Footprint
Almost a decade ago, when the Rahman brothers, Sohail and Salman, explored Sarabo near Dhaka, the area was completely covered by lush fields and streams. “We had to get the local boys to ferry us in their boats to explore the land,” says Salman F Rahman, Beximco Group’s vice chairman. A rapid evolution has happened […]
Beximco Group Backed Venture to Hatch Non-Profits
Beximco Group is a multinational conglomerate headquartered in Dhaka, Bangladesh. The company was founded in 1970 by brothers – Salman F Rahman ( সালমান এফ রহমান ) and Sohail F Rahman. Over the years, the Group has majorly evolved from being predominantly a commodities trading company to a top, diversified company operating across various sectors. […]
Bangladesh’s Economy Will Pick Pace Next Fiscal Year With New VAT Law
Aiming to make Value Added Tax (VAT) system simpler, well-regulated, taxpayer-friendly, the Government of Bangladesh (GoB) approved the VAT and Supplementary Duty (SD) Act 2012. To be implemented from July 2017, the new VAT law has become a subject of bewilderment amongst the businessmen in Bangladesh. “There are a lot of misapprehensions and controversies among […]
Business Tycoon Salman F Rahman to remain Sheikh Hasina’s Adviser
Salman F Rahman, the vice chairman of Beximco Group, was informed about his appointment on Sunday in a letter signed by the ruling party’s general secretary Obaidul Quader. The ruling party, Awami League, wants Salman F Rahman to continue using his ‘energy, wisdom and merits’ for the development of private sector. Salman, who lead the […]