Briefing 2023-07-04

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FE Team | Published: July 03, 2023 22:50:57

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Navana Pharma eyes further profit boost by expanding capacity
Navana Pharmaceuticals plans to utilise IPO proceeds to expand existing facilities instead of constructing new ones due to time constraints and currency challenges. With a surge in demand for its drugs, the company aims to meet market needs quickly. The revised plan awaits shareholder and regulatory approval, anticipating increased profitability post-renovation. Page 9
Argentine goalkeeper Martinez meets PM
FIFA World Cup-2022 winning Argentine team goalkeeper Emiliano Martinez on Monday paid a courtesy call on Prime Minister Sheikh Hasina at her office in Ganabhaban. During the meeting, the PM appreciated the Argentine footballer for his performance that contributed to winning the Football World Cup-2023 title. "You are the man who brought glory for Argentina. I wish you all the success," she said. Page 17
Tensions on France's streets ease
Fewer than 160 people were arrested overnight in connection to riots that have rocked cities across France following the killing of a teenager of North African descent by a police officer. The relative calm following five nights of heavy riots offered some relief to the government of Emmanuel Macron in its fight to regain control of the situation. Page 18
Ctg customs collect record revenue
The Chattogram Customs House has achieved a significant milestone by collecting a record Tk 61,464.72 crore revenue in FY23. This represents a 3.90 per cent increase compared to the previous fiscal year. While Chattogram customs still fell short of meeting its revenue target for the last fiscal year, the accomplishment marks the highest collection in recent years. Page 20