Bangladesh Private Sector Assessment

Total Page:16

File Type:pdf, Size:1020Kb

Bangladesh Private Sector Assessment Bangladesh Private Sector Assessment A Preliminary Scoping Study The primary objective of the study is to provide a broad-based overview of the private sector in Bangladesh as a stakeholder in combating modern slavery in the country PB The Mekong Club Bangladesh Private Sector Assessment The Mekong Club Bangladesh Private Sector Assessment 1 The Mekong Club 1. Contents The Mekong Club is a catalyst 2. Objectives of the Study 4 7.2.6. Beximco Group 19 for change – engaging, inspiring and supporting the private 7.2.7. Square Group 20 sector to eradicate slavery from 3. Definition of Terms 5 7.2.8. City Group their business. Given that the 20 majority of modern-day slavery 4. Demographic Overview & Key Social Trends 6 7.2.9. Partex Group 20 exists in the private sector, these companies are ideally placed to 4.1. Population Distribution 6 7.2.10. Ananda Group 20 help turn the tide of this global epidemic. 4.2. Social Indicators 8 7.3. Top 200 Companies 20 4.2.1. Human Development Index (HDI) 8 7.4. Transparency 21 The only organisation of its kind, The Mekong Club steers away 4.2.2. GINI Coefficient 9 from the approach taken by other 4.2.3. Poverty Rate 8. The Mekong Club Target Sectors 22 players in this space, which is to 9 ‘name and shame’ companies – 8.1. Agriculture 22 ousting bad behaviour or issues 5. The Labour force 10 8.1.1. General related to this subject. Instead, 22 5.1. Employment and Income 10 we believe in starting and ending 8.1.2. The Shrimp and Fishing Industries 24 with collaboration. 5.1.1. Employment Distribution 10 8.2. FMCG Retail 24 5.1.2. Informal employment In fact, The Mekong Club 13 originally formed as a direct 5.1.3. Unemployment 13 8.3. Manufacturing 25 response to the growing 5.1.4. Income 14 8.3.1. General 25 number of companies looking to develop strategies to address 5.2. Gender Gap 15 8.3.2. Garment and Textile Industry 28 forced labour risk through a 5.3. Comparative Minimum Wage 15 8.3.3. Major Players 28 professional forum. Divided into industry-specific working groups, 5.4. Migrant Labour 16 8.4. Banking Industry 31 these networks meet regularly to learn, share best practices, 6. Political Risk Assessment 17 and network with other like- 9. Modern Slavery in Bangladesh 33 minded professionals. Member 9.1. Overview 33 companies also work together 7. The Private Sector 18 to achieve an annual deliverable 7.1. Overview 18 9.2. Highlights from US Trafficking Report 2017 34 which will work towards producing tangible results in the 7.2. Top 10 Conglomerates in the Private Sector 18 9.2.1. General 34 fight against forced labour. 7.2.1. PRAN-RFL Group 18 9.2.2. Migrant Labour 34 7.2.2. ACI Group 19 9.2.3. Rohingya Crises 35 7.2.3. Navana Group 19 9.3. Child Labour 35 7.2.4. Abul Khair Group 19 7.2.5. Bashundhara Group 19 2 The Mekong Club Bangladesh Private Sector Assessment The Mekong Club Bangladesh Private Sector Assessment 3 2. Objectives of the Study 3. Definition of Terms The primary objective of the study is to provide a broad- Throughout the report the following definitions will apply to the use of the terms based overview of the private sector as a stakeholder in human trafficking, forced labour, bonded labour and contract slavery, as specified by combating modern slavery in the country. More specifically The Mekong Club. the study aims to generate a knowledge base from which The Mekong Club can approach the private sector in order FORCED BONDED LABOUR HUMAN TRAFFICKING to create awareness and offer cooperative solutions for the LABOUR AND CONTRACT SLAVERY eradication of modern slavery in corporate supply chains; the core focus of the Mekong Club’s mission. An act (1) carried out by a All work or service which is Bonded labour begins when a third party, through different extracted from any person worker borrows money from The following secondary objectives specify the details of means (2), for the purpose of underthe menace of any an employer and commits the data that need to be gathered in order to fulfil the exploitation (3). penalty and for which the themselves to work person has not offered for the employer in return. For children under age 18 it is scope of the study: themselves voluntarily. sufficient to demonstrate Contract slavery involves the act of moving a child for deceiving or illegal contracts the purpose of exploitation. signed by victims who cannot understand them,and used to justify forced labour. 1. Act of: Threat of penalty Common features of Bonded • Give an overview of the demographic landscape • Recruitment • Physical and/or sexual Labour and economic conditions in Bangladesh • Transportation violence. • Transfer • Imprisonment or physical • The employer manipulates • Harbouring confinement. interest rates or charges • Detail the characteristics of the labour force in • Receipt • Withholding of wages, excessive rates. Bangladesh by looking at factors such as size, unreasonable fees or financial • The employer imposes average income, distribution, key issues 2. By means of: penalties. high charges for • Threat • Withholding of identity food, accommodation, • Provide a detailed analysis of the private sector • Force or coercion documents. transportation, or tools. • Abduction • Unfair dismissal or exclusion • The employer charges in terms of size of industries, number of workers • Fraud from future employment. workers for shortfalls in and key players • Deception • Deprivation of food or shelter. business output or days • Abuse of power • Exclusion from community, missed due to worker • Provide in-depth reports on the Banking/finance, • Abuse of vulnerability social life or denunciation to sickness. Manufacturing, Agriculture and Retail community/family. 3. For the purpose of: • Intimidation and other threats. Common features of Contract • Exploitation Slavery • Identify the current state of modern slavery in • Slavery or similar practices Lack of Valid Consent • Contracts are in a language Bangladesh • Servitude • Worker deceived about the the victim does not • Prostitution wages they would receive. understand. • Removal of organs • Worker cannot leave • Contracts are presented to • Forced labour and service employment as they must victims who cannot read. remain for an undefined period • Victim is told fines and to repay debts to employer. penalties will follow if he • Worker made to work by breaks the contract. family. • Deception or fraud during recruitment stages. HUMAN TRAFFICKING FORCED LABOUR BONDED LABOUR emphasizes the movement of is often a consequence victims of human trafficking and CONTRACT SLAVERY emphasizes are two forms of forced labour the exploitative condition the victim suffers 4 The Mekong Club Bangladesh Private Sector Assessment The Mekong Club Bangladesh Private Sector Assessment 5 4. Demographic Overview & Key Social Trends 4.1 Population Distribution The last official census in Bangladesh was conducted in 2011 and according to the Statistical Yearbook 2016 the total population of the country was estimated at 144,043,6971 in that year. The World Bank estimated the population at 162,95 million in 20162. The population is evenly split between males and females. The rural population constituted 64.95% of the total population in 2016, down from 76.41% in 20003 The age distribution of the Bangladeshi population is skewed to the youth, with more than 50% of the population being under the age of 30 years6 Population Distribution by Gender and location in 2016 2016 Total 162,951,560 Male 50.06% Population Pyramid 2016 Female 49.94% Male Female 100+ 0.0% 0.0% Rural 64.95% 95-99 0.0% 0.0% 90-94 0.1% 0.1% 85-89 0.1% 0.2% 80-84 0.3% 0.3% At 1237 people per sq. Km (in 2015)4 Bangladesh is one of the most densely populated countries 75-79 0.5% 0.5% in the world. The population is distributed regionally as follows: 70-74 0.7% 0.7% 65-69 0.9% 0.8% Population Distribution by Province in 20115 60-64 1.1% 1.1% 55-59 1.8% 1.7% 50-54 2.4% 2.4% Total Population 144,043,697 45-49 2.8% 2.8% 40-44 3.2% 3.2% Barisal Division 8,325.666 35-39 3.7% 3.9% 30-34 4.1% 4.3% Chittagong Division 28,423,019 25-29 4.4% 4.5% 20-24 4.8% 4.6% Dhaka Division 47.424,418 15-19 5.0% 4.8% 10-14 5.0% 4.8% Dhaka City (12,043,977) 5-9 4.8% 4.6% 0-4 4.7% 4.5% Sherpur (13,583,225) 10% 8% 6% 4% 2% 0% 2% 4% 6% 8% 10% Khulna Division 15,687,759 Rajshahi Division 18,484,858 Rangpur Division 15,787,758 Sylhet Division 9,910,219 1. http://bbs.portal.gov.bd/sites/default/files/files/bbs.portal.gov.bd/page/b2db8758_8497_412c_a9ec_6bb299f8b3ab/ 4. https://tradingeconomics.com/bangladesh/population-density-people-per-sq-km-wb-data.html StatisticalYearBookFinal2016.pdf 5. http://bbs.portal.gov.bd/sites/default/files/files/bbs.portal.gov.bd/page/b2db8758_8497_412c_a9ec_6bb299f8b3ab/ 2. https://data.worldbank.org/country/bangladesh?view=chart StatisticalYearBookFinal2016.pdf 3. https://data.worldbank.org/indicator/SP.RUR.TOTL.ZS?locations=BD 6. https://www.populationpyramid.net/bangladesh/2017/ 6 The Mekong Club Bangladesh Private Sector Assessment The Mekong Club Bangladesh Private Sector Assessment 7 4.2. Social Indicators Bangladesh’s HDI Value and component measures compared to countries in the SEA region 11 4.2.1. Human Development Index (HDI) According to the UNDP Human Development Report of 20167, “Bangladesh’s HDI value for 2015 is HDI HDI Life Expected Mean GNI Per IHDI 0.579— which put the country in the medium human development category—positioning it at 139 out Expectancy years of Years of Capita Value Rank at birth schooling Schooling (PPP USD) Value of 188 countries and territories.”The Human Development Index (HDI) is a statistic measuring human 8 development based on life expectancy, education, and per capita income indicators .
Recommended publications
  • Pharmaceutical Industry of Bangladesh the Multi-Billion Dollar Industry
    Pharmaceutical Industry of Bangladesh The multi-billion Dollar Industry BDT 205,118 15.6% CAGR 15% + Million (last 5 years) (Next 5 years) Industry Size Industry Growth Expected Growth Financials Industry Overview of listed Pharmaceutical Companies Ratings of Listed Pharmaceutical View of Industry Expert Companies Executive Summary : Pharmaceuticals industry, the next multi-billion dollar opportunity for Bangladesh, has grown significantly at Pharmaceuticals Industry of a CAGR of 15.6% in the last five years. The key Bangladesh growth drivers are - growing GNI per Capita, 3rd Edition population growth, changing disease profile, lifestyle change and rapid urbanization. These factors will continue to grow pharmaceutical industry in short to mid term as well. Export is opening new venues for the industry and it has grown significantly last Analyst: financial year. People in the emerging markets will Md. Abdullah Al Faisal consume more than half of the medicine used Research Associate globally. Pharmaceutical industry of Bangladesh can become a global player by targeting Pharmerging market which is expected to grow up by 3-6% CAGR for the next 5 years. We have to absorb modern technologies like AI, ML & Biopharma to compete with developed markets. More policy support is required to stay in competition. Still Backward linkage is the Achilles Heels for the overall sector as well as drug patent exemption 1st Edition: 1st November, 2016 remains in ambiguity amid graduation from LDC. 2nd Edition: 4th January 2018 More Greenfield investments are going raise 3rd Edition: 28th July 2019 competition among Pharmaceutical companies. This edition exclusively covers financial performance of pharmaceuticals companies on stand alone basis.
    [Show full text]
  • INTERNATIONAL FINANCE INVESTMENT and COMMERCE BANK LIMITED Audited Financial Statements As at and for the Year Ended 31 December 2019
    INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Audited Financial Statements as at and for the year ended 31 December 2019 INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Consolidated Balance Sheet as at 31 December 2019 Amount in BDT Particulars Note 31 December 2019 31 December 2018 PROPERTY AND ASSETS Cash 18,056,029,773 16,020,741,583 Cash in hand (including foreign currency) 3.a 2,872,338,679 2,899,030,289 Balance with Bangladesh Bank and its agent bank(s) (including foreign currency) 3.b 15,183,691,094 13,121,711,294 Balance with other banks and financial institutions 4.a 5,637,834,204 8,118,980,917 In Bangladesh 4.a(i) 4,014,719,294 6,823,590,588 Outside Bangladesh 4.a(ii) 1,623,114,910 1,295,390,329 Money at call and on short notice 5 910,000,000 3,970,000,000 Investments 47,216,443,756 32,664,400,101 Government securities 6.a 41,369,255,890 27,258,506,647 Other investments 6.b 5,847,187,866 5,405,893,454 Loans and advances 232,523,441,067 210,932,291,735 Loans, cash credit, overdrafts etc. 7.a 221,562,693,268 198,670,768,028 Bills purchased and discounted 8.a 10,960,747,799 12,261,523,707 Fixed assets including premises, furniture and fixtures 9.a 6,430,431,620 5,445,835,394 Other assets 10.a 9,606,537,605 9,003,060,522 Non-banking assets 11 373,474,800 373,474,800 Total assets 320,754,192,825 286,528,785,052 LIABILITIES AND CAPITAL Liabilities Borrowing from other banks, financial institutions and agents 12.a 8,215,860,335 9,969,432,278 Subordinated debt 13 2,800,000,000 3,500,000,000 Deposits and other
    [Show full text]
  • ANNUAL REPORT 2019-20 Awards Powered by Pharmaintelligence Informa
    Awards Powered by Pharma Intelligence Informa Excellence in Pharma: Innova�on in Response to COVID- Winner Beximco Pharmaceu�cals ANNUAL REPORT 2019-20 EXCELLENCE IN PHARMA: INNOVATION IN RESPONSE TO COVID-19 WINNER 2020 BEXIMCO PHARMACEUTICALS Awards Powered by Pharma Intelligence Informa Excellence in Pharma: Innova�on in Response to COVID- Winner Beximco Pharmaceu�cals Beximco Pharmaceu�cals Pharmaceu�cals Beximco Beximco Winner Response to Response in Innova�on Innova�on COVID- Excellence in Pharma: in Excellence Informa Pharma by by Powered Intelligence Awards Awards Awards Awards Awards Awards Awards Awards ANNUAL REPORT 2019-20 BEXIMCO PHARMACEUTICALS LIMITED Contents Our Essence 05 Our CSR Initiatives 47 About the Company 07 Corporate Events 52 Corporate Information 09 Chairman’s Statement 56 Our Journey 10 Management Discussion and Analysis 58 Our Products 13 Report of the Directors to the Shareholders 62 Our Market 20 Report of the Audit Committee 78 Our Manufacturing Capabilities 21 Activities and other Details of Nomination and Our Global Accreditations 24 Remuneration Committee (NRC) 80 Board and Management Investor Relations 82 • The Board of Directors 26 Value Added Statement 85 • Audit Committee 26 Consolidated Financial Statements 86 • Nomination and Remuneration Committee 26 Financial Statements- Beximco Pharma- Standalone 109 • Executive Committee 26 Nuvista Pharma Limited • Directors’ Profile 27 • Directors’ Report to the Shareholders 147 • Executive Committee 31 • Financial Statements- Nuvista Pharma Limited 149 • Management Committee 32 Beximco Pharma API Limited Highlights- 2019-20 • Directors’ Report to the Shareholders 176 • Financial Highlights 34 • Financial Statements- Beximco Pharma API Limited 177 • Operational Highlights 35 Notice of Annual General Meeting 185 • Post Period Highlights 36 Frequently Asked Questions (FAQs) 186 Accolades and Awards 37 Proxy Form 187 Our People 41 Environment, Health and Safety (EHS) 44 We continually strive to provide access to safe, effective and affordable medicines.
    [Show full text]
  • Ishares INC Form N-Q Filed 2017-01-27
    SECURITIES AND EXCHANGE COMMISSION FORM N-Q Quarterly schedule of portfolio holdings of registered management investment company filed on Form N-Q Filing Date: 2017-01-27 | Period of Report: 2016-11-30 SEC Accession No. 0001193125-17-021399 (HTML Version on secdatabase.com) FILER iSHARES INC Mailing Address Business Address 400 HOWARD STREET 400 HOWARD STREET CIK:930667| IRS No.: 510396525 | State of Incorp.:MD | Fiscal Year End: 0831 SAN FRANCISCO CA 94105 SAN FRANCISCO CA 94105 Type: N-Q | Act: 40 | File No.: 811-09102 | Film No.: 17553046 (415) 670-2000 Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-09102 iShares, Inc. (Exact name of Registrant as specified in charter) c/o: State Street Bank and Trust Company 1 Iron Street, Boston, MA 02210 (Address of principal executive offices) (Zip code) The Corporation Trust Incorporated 351 West Camden Street, Baltimore, MD 21201 (Name and address of agent for service) Registrants telephone number, including area code: (415) 670-2000 Date of fiscal year end: August 31, 2017 Date of reporting period: November 30, 2016 Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Item 1. Schedules of Investments. Copyright © 2013 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Consolidated Schedule of Investments (Unaudited) iSHARES® CORE MSCI EMERGING MARKETS ETF November 30, 2016 Security Shares Value COMMON STOCKS 95.95% BRAZIL 4.34% AES Tiete Energia SA 748,700 $3,253,774 Aliansce Shopping Centers SA 477,400 2,087,434 Alupar Investimento SA Units 354,724 1,721,971 Ambev SA 17,451,600 88,483,353 Arezzo Industria e Comercio SA 243,300 1,978,049 B2W Cia.
    [Show full text]
  • Important Notice the Depository Trust Company
    Important Notice The Depository Trust Company B #: 5017-17 Date: February 1, 2017 To: All Participants Category: Dividends | International From: Global Tax Services Attention: Managing Partner/Officer, Cashier, Dividend Mgr., Tax Mgr. Subject: BNY Mellon | ADRs | Qualified Dividends for Tax Year 2016 Bank of New York Mellon Corporation (“BNYM”), as depositary for these issues listed below has reviewed and determined if they met the criteria for reduced U.S. tax rate as “qualified dividends” for tax year 2016. The Depository Trust Company received the attached correspondence containing Tax Information. If applicable, please consult your tax advisor to ensure proper treatment of this event. DTCC offers enhanced access to all important notices via a Web-based subscription service. The notification system leverages RSS Newsfeeds, providing significant benefits including real-time updates and customizable delivery. To learn more and to set up your own DTCC RSS alerts, visit http://www.dtcc.com/subscription_form.php. Non-Confidential CUSIP DR Name Country Exchange Qualified 88579N105 3I GROUP - Cash Dividend United Kingdom OTC Y 35104M102 4IMPRINT GROUP PLC - Cash Dividend United Kingdom OTC Y 00202F102 A.P. MOLLER - MAERSK - Cash Dividend Denmark OTC Y 002482107 A2A - Cash Dividend Italy OTC Y 000304105 AAC TECHNOLOGIES - Cash Dividend China OTC N 00254K108 AAREAL BANK - Cash Dividend Germany OTC Y 03524A108 AB INBEV - Cash Dividend Belgium NYSE Y 000380105 ABCAM - Cash Dividend United Kingdom OTC Y 003381100 ABERTIS INFRAESTRUCTURAS - Cash Dividend Spain OTC Y 003725306 ABOITIZ EQUITY VENTURES - Cash Dividend Philippines OTC Y 003730108 ABOITIZ POWER - Cash Dividend Philippines OTC Y 00400X103 ACACIA MINING - Cash Dividend United Kingdom OTC N 00433P101 ACCESS BANK - REG.
    [Show full text]
  • ANNUAL REPORT | 2016-17 Annual Report 2016-17
    ANNUAL REPORT | 2016-17 Annual Report 2016-17 BEXIMCO PHARMACEUTICALS LIMITED We take it minute by minute, drop by drop, molecule by molecule. The miracle of a pyramid is in the perfection of every stone. The miracle of life is in the health of every cell. At Beximco Pharma, we are tireless at achieving such perfection in every molecule of our medicines. That's our little contribution to life. Here's to perfection. Here's to life. Mission Contents We are committed to enhancing human health and wellbeing by providing contemporary and affordable medicines, manufactured in full compliance with global About the Company 05 quality standards. We continually strive to improve our core capabilities to address The Board of Directors 06 the unmet medical needs of the patients and to deliver outstanding results for our shareholders. Management Committee 07 Executive Committee 07 Key Events in History 08 Vision Managing Director’s Statement 11 We will be one of the most trusted, admired and successful pharmaceutical companies 2016-17 Highlights 18 in the region with a focus on strengthening research and development capabilities, Post Period Highlights 18 creating partnerships and building presence across the globe. What We Offer 20 Our Global Accreditations 21 Our Manufacturing Capabilities 23 Core Values Research and Development 25 Our core values define who we are; they guide us to take decisions and help realize Our People 29 our individual and corporate aspirations. Beyond Borders 33 Commitment to quality Awards and Accolades 34 We adopt industry best practices in all our operations to ensure highest quality What We Do for the Society 36 standards of our products.
    [Show full text]
  • Beximco Private Placing To
    Market News Page 1 of 3 Regulatory Announcement Go to market news section Beximco Company Pharmaceuticals Ltd TIDM BXP Private Placing to Headline GEM Global Yield Fund Limited Released 13:14 27-Jan-09 Number 3199M13 RNS Number : 3199M Beximco Pharmaceuticals Ltd 27 January 2009 BEXIMCO PHARMACEUTICALS LTD. News Release January 27, 2009 Private Placing to GEM Global Yield Fund Limited Beximco Pharmaceuticals Limited ("BPL" or the "Company"), the leading pharmaceutical manufacturer and the largest pharmaceutical exporter from Bangladesh, announces further details in respect of the anticipated private placing of shares to GEM Global Yield Fund Limited ("GEM"), announced earlier yesterday. BPL has signed a Subscription Agreement (the "Agreement") that enables it to issue ordinary shares up to Tk.4,100,000,000 (approximately £44.6m) ("Placing Shares") to GEM over the next three years through a number of allotments (the "Allotments") following the issue of Draw Down Notices by BPL. The Agreement states that the number of shares that can be placed in each Allotment is calculated by reference to the average volume of shares traded in the preceding 15 days period, as published by the Dhaka Stock Exchange Limited ("DSE"). The price per share at each Allotment is calculated by reference to the average price per share in the 15-day period following the issue of a Draw Down Notice by BPL, discounted to 90% (the Variable Pricing Method). The Company also intends to issue a further 2,500,000 warrants to GEM at an exercise price of Tk.200 (approximately £2.17). The warrants will have an exercise period of three years.
    [Show full text]
  • Bpl-Annual-2010.Pdf
    “Beximco Pharma aspires to become a nationally admired and globally reputed generic pharmaceutical company, committed to enhancing human health and life.” Annual Report 2010 Beximco Group Mission Each of our activities must benefit and add value to the common wealth of our society. We firmly believe that, in the final analysis we are accountable to each of the constituents with whom we interact, namely: our employees, our customers, our business associates, our fellow citizens and our shareholders. Beximco Pharmaceuticals Ltd. Contents Overview About the Company .................................................................................................................................................................... 5 Our Story ....................................................................................................................................................................................... 7 Corporate Directories ................................................................................................................................................................ 8 Managing Director’s Message ..................................................................................................................................................... 11 2010 Highlights ............................................................................................................................................................................ 15 Adding Value to Life Products ......................................................................................................................................................................................
    [Show full text]
  • Information Memorandum
    Strictly Private & Confidential INFORMATION MEMORANDUM 2nd Subordinated Floating Rate Bond of BDT 5,000 Million for International Finance Investment and Commerce Bank Limited Issuer: International Finance Investment and Commerce Bank Limited (IFIC Bank Limited) Head Office: IFIC Tower 61 Purana Paltan Dhaka - 1000, Bangladesh Trustee: Sena Kalyan Insurance Company Limited Type of Security: Subordinated Unsecured Floating Rate Bond Total Face Value: Up to BDT 5,000 Million Face Value of Each Bond is: BDT 10,000,000 Issue Price of Each Bond is: BDT 10,000,000 Number of Securities: 500 Total Issue Amount: BDT 5,000,000,000 Coupon Rate/discount rate and YTM: Floating Issue Date of IM: 05 July 2021 Credit Rating status of the Issue: Long Term Rating: AA3 (Hyb), Outlook: Stable “If you have any query about this document, you may consult the issuer and the trustee.” Mandated Lead Arranger Standard Chartered Bank ARRANGER’S DISCLAIMER IFIC Bank Limited (the “Issuer”) has authorized Standard Chartered Bank (“Standard Chartered” or the “Arranger”) to distribute this Information Memorandum in connection with the proposed transaction outlined in it (the “Transaction”) and the bond proposed to be issued in the Transaction (the “Bond”). “Standard Chartered Bank” means Standard Chartered and any group, subsidiary, associate or affiliate of Standard Chartered and their respective directors, representatives or employees and/or any persons connected with them. Nothing in this Information Memorandum constitutes an offer of securities for sale in the United States or any other jurisdiction where such offer or placement would be in violation of any law, rule or regulation. The Issuer has prepared this Information Memorandum and the Issuer is solely responsible for its contents.
    [Show full text]
  • PHARMACEUTICAL INDUSTRY a Billion Dollar Market
    MONTHLY BUSINESS REVIEW VOLUME: 08 ISSUE: 01 JANUARY 2017 PHARMACEUTICAL INDUSTRY A Billion Dollar Market MTBiz MONTHLY BUSINESS REVIEW VOLUME: 08 ISSUE: 01 JANUARY-2017 Pharmaceuticals is one of the most prominent as well as flourishing sectors of Bangladesh. It started booming in different dosage forms. There are 257 registered Contents with the promulgation of drug control ordinance (1982). companies in Bangladesh, 194 of which are in operation. Voluminous growth of last couple of years doubled the This industry caters to 97% of domestic demand. market in just less than five years while the retail market By market share the top pharmaceutical companies are: crossed USD 1 billion in 2011 and is projected to grow to Article of the month 02 Square, Incepta, Beximco, Opsonin, Renata, Eskayef, USD 2.00 billion in 2016. The WTO trade-related aspects ACI, ACME, Aristopharma and Drug International. There National News of intellectual property rights (TRIPS) agreement that are a number of pharmaceutical MNCs in Bangladesh, permits Bangladesh to reverse-engineer patented The Central Bank 05 such as Sanofi Bangladesh, Novartis etc. But the generics till 2021 to sell locally and export to markets Business & Economy 07 Industry Appointments 11 MTB News & Events 12 Financial Glossary 16 Dashboard 18 International News around the world has led to the development of a strong domestic companies now possess the top positions. The Economic Forecast 22 manufacturing base, technical know-how and a PHARMACEUTICAL INDUSTRY top 10 companies command two-thirds of the market supportive, liberal regulatory regime. Apart from Wells Fargo Monthly Outlook 24 share of the pharmaceutical industry.
    [Show full text]
  • IFIC Rights Share Offer Document
    RIGHTS SHARE OFFER DOCUMENT IFIC Bank Limited RIGHTS SHARE OFFER DOCUMENT 22 March 2017 Rights Offer of 563,821,907 Ordinary Shares of BDT 10.00 each at an issue price of BDT 10.00 each at par totaling BDT 5,638,219,070.00 offered on the basis of 1(R): 1 (i.e. one Rights Share for every existing one share held) on the record date for the entitlement of rights shares. RECORD DATE FOR ENTITLEMENT OF RIGHTS OFFER 12 April 2017 Opens on: 31 May 2017 Subscription Closes on: 29 June 2017 Within Banking Hours (Both Days Inclusive) CREDIT RATING STATUS Rating Year Long Term Short Term Entity Rating 2015 AA2 ST-2 Date of Rating 23 June 2016 Validity 30 June 2017 Rating Assigned By: Credit Rating Agency of Bangladesh Limited (CRAB) MANAGER TO THE ISSUE ICB CAPITAL MANAGEMENT LIMITED Green City Edge (5th & 6th Floor),89, Kakrail, Dhaka-1000, Bangladesh Ph: 8300555 ,8300367, 8300387, 8300395, 8300421. Fax: 8802-8300396 E-Mail: [email protected], Website: www.icml.com.bd FULLY UNDERWRITTEN BY AFC Capital Ltd. IIDFC Capital Limited Saiham Sky View Towerv(11th floor), 45 Bijoy Nagar, Eunoos Trade Centre ( Level 7), 52-53, Dilkusha C/A, Dhaka-1000. Dhaka. Agrani Equity & Investment Ltd. Jamuna Bank Capital Management Limited Swantex Bhaban (4th floor), 9/I, Motijheel, Dhaka-1000 Hadi Mansion (3rd Floor), 2, Dilkusha C/A, Dhaka- 1000. Bengal Investments Limited Janata Capital and Investment Limited Eastern Nibash (3rd Floor), 138, Gulshan Avenue, Gulshan- 48, Motijheel (3rd floor), Dhaka1000 2, Dhaka-1212. Beta One Investments Limited Lanka Bangla Investments Limited Green Delta AIMS Tower (Level – 4), 51-52, Mohakhali City Center | Level - 24 | 90/1 Motijheel C/A, C/A, Dhaka-1212.
    [Show full text]
  • Annual Report 2010
    Annual Report 2010 Contents 2 Notice of 38th Annual General Meeting 3 Corporate Information 4 Chronology of Achievements 6 Chairman’s Statement 8 Corporate Governance 9 Directors’ Report 11 Corporate Governance Compliance Status Report 12 Auditors’ Report to the Shareholders on the Consolidated Financial Statements of Bangladesh Export Import Company Limited and its Subsidiaries 13 Consolidated Financial Position of Bangladesh Export Import Company Limited and its subsidiaries at 31 December 2010 14 Consolidated Statement of Comprehensive Income of Bangladesh Export Import Company Limited and its subsidiaries for the year ended 31 December 2010 15 Consolidated Statement of Changes in Equity of Bangladesh Export Import Company Limited and its subsidiaries for the year ended 31 December 2010 16 Consolidated Statement of Cash Flows of Bangladesh Export Import Company Limited and its subsidiaries for the year ended 31 December 2010 17 Notes to the Consolidated Financial Statements of Bangladesh Export Import Company Limited and its Subsidiaries as at and for the year ended 31 December 2010 31 Comparative Statistics and Highlights 32 Auditors’ Report to the Shareholders of Bangladesh Export Import Company Limited 33 Statement of Financial Position of Bangladesh Export Import Company Limited at 31 December 2010 34 Statement of Comprehensive Income of Bangladesh Export Import Company Limited for the year ended 31 December 2010 35 Statement of Changes in Equity of Bangladesh Export Import Company Limited for the year ended 31 December 2010 36 Statement of Cash Flows of Bangladesh Export Import Company Limited for the year ended 31 December 2010 37 Notes to the Financial Statements of Bangladesh Export Import Company Limited as at and for the year ended 31 December 2010 50 Shinepukur Ceramics Limited — Accounts 69 Dhaka-Shanghai Ceramics Limted — Accounts Annual Report 2010 1 Notice BANGLADESH EXPORT IMPORT COMPANY LIMITED 17, DHANMONDI R.A, ROAD NO.
    [Show full text]