Seoul, Apr 30 (AP/UNB) — Samsung Electronics Co. says its operating profit for the last quarter declined more than 60% from a year earlier because of falling chip prices and sluggish demands for its display panels.
The South Korean technology giant on Tuesday said its operating profit for the January-March period came in at 6.2 trillion won ($5.2 billion), which was similar to an estimate it announced earlier this month.
Samsung says its revenue for the quarter was measured at 52.4 trillion won ($45 billion), which represented a 13.5% drop from the same period last year.
Samsung, which has dual strength in parts and finished products, is the world's biggest maker of memory chips and smartphones.
Dhaka, Apr 29 (UNB)- State Minister for Primary and Mass Education Md. Zakir Hossain was impressed with the progress of manufacturing technology products in Walton factory.
“Witnessing the giant activities of Walton today, it is quite impressive and unimaginable. I got a great knowledge on the production of latest technologies’ appliances within Bangladesh. Truly, I am impressed. Bangladesh would be enlisted in developed countries if more industries like Walton is established,” the minister made the remarks while visiting Walton Hi-Tech Industries Limited (WHIL) at Chandra, Kaliakoir in Gazipur on Saturday last (April 27, 2019).
Praising the bold initiatives of Walton in manufacturing world-class technology products in Bangladesh, he called upon the local entrepreneurs for establishing more industries like Walton.
Earlier, WHIL’s Vice-Chairman SM Shamsul Alam and Director Raisa Sigma Hima welcomed the minister and his entourage to Walton factory with a flower bouquet.
The company’s Executive Directors Humayun Kabir, Alamgir Alam Sarker, Col. (Retd.) SM Shahadat Alam and Liakat Ali, Additional Operative Director Sohel Rana, Senior Additional Director Mohsin Ali Molla, Media Adviser Enayet Ferdous, among others, were also present.
After reaching WHIL, the minister and his entourage watched the company’s corporate documentary and then they visited the products’ display center and various manufacturing units like metal casting, compressor, SMT production, PCB, computer and mobile phone.
Mentionable, Walton established an advanced factory on 700 acres of lands at Kaliakoir in Gazipur. They are manufacturing highest standards fridge, TV, AC, laptop, computer, mobile phone, lift and other sorts of home and electrical appliances.
Various separate departments like Product Research and Development Centers, Quality Control Department and International Business Unit have been set up in Walton factory.
The ‘Made in Bangladesh’ labeled Walton appliances have been exporting to various countries of the world. Now, Walton target is to capture a remarkable portion of the global market. In this context, they are going to manufacture five best global models of smart refrigerators in terms of craftsmanship, highest standard, volumes, affordability and latest features.
Dhaka, Apr 29 (UNB)- Khulna, Barishal and Jashore zones of Islami Bank Bangladesh Limited (IBBL) organised a workshop on "Prevention of Money Laundering and Terrorist Financing" in Khulna zone office from April 26 to 27.
Abu Reza Md Yeahia, Deputy Managing Director and CAMLCO of the bank addressed keynote speech as chief guest at the workshop.
Md Yeahia said that illegal money is the driving force of crimes like drug, money laundering and terrorism.
He called upon the anti-money laundering officers of zones and branches to work more carefully to prevent money laundering and financing of terrorism.
Heads of the branches, executives and officers of Khulna, Barishal and Jashore zone took part in the workshop.
Washington, April 29 (Xinhua/UNB) - Swiss-based cancer-drug giant Roche Holding AG is expected to lose its almost two-decade lead in the industry worldwide in a few years as competitors are catching up, U.S. media reported Sunday.
Roche, which has dominated the cancer-drug market since 2002, faces the challenge posed by a pending merger later this year between U.S. pharmaceutical companies Celgene Corp. and Bristol-Myers Squibb Co, The Wall Street Journal reported.
The combination "is set to create a rival that will soon knock Roche off its top spot," the report said.
Roche's domination in the market was largely thanks to its acquisition in 2009 of California-based biotech company Genentech, which developed Roche's top-selling trio: Herceptin, Avastin and Rituxan.
These drugs have generated sales of more than 235 billion U.S. dollars over the past 15 years.
The Swiss company, whose more than 60 percent of pharmaceutical revenue comes from cancer drugs, is expected to lose some 9.8 billion dollars of annual revenue from Herceptin, Avastin and Rituxan by 2022, it said.
The report cited projections from market-research company EvaluatePharma, which predicts that Roche's cancer-drug sales will fall in six consecutive years starting from 2019.
Roche's 2019 sales are expected to be 27.53 billion dollars, compared with the projection of 24.52 billion dollars for 2024.
In 2024, oncology sales of Celgene and Bristol-Myers Squibb are set to reach 27.07 billion dollars, according to EvaluatePharma.
The report said Roche, in order to put a brake on its sales decline, is trying to exploit non-oncology drugs and now focusing on Ocrevus, a drug for multiple sclerosis, as well as drugs for hemophilia.
Tehran, April 29 (Xinhua/UNB) - Iran exported 16,326 tons of tea worth 19 million U.S. dollars to 37 countries in the last Iranian year from March 2018-2019, Eghtesadonline reported on Sunday.
The figures registered a 11.4-percent rise in weight and 2.3-percent rise in value compared with the previous year.
The main importers were India, Uzbekistan, Tajikistan, Turkmenistan, Afghanistan, Iraq, Canada, Australia, Spain, the Czech Republic, Azerbaijan and Georgia.
About 200,000 people in Iran have been directly employed in the tea industry. There are 178 related factories across the country.
Tea is cultivated in Iran's northern provinces of Gilan and Mazandaran, where 50,000 families earn their livelihood from tea farming on more than 25,000 hectares.