Square Pharma to invest $1 million in Philippines | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
July 23, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JULY 23, 2025
Square Pharma to invest $1 million in Philippines

Economy

TBS Report
20 November, 2023, 07:35 pm
Last modified: 20 November, 2023, 09:18 pm

Related News

  • ADP implementation hits record low at 67% in FY25
  • Economist Abul Barkat placed on 2-day remand in Tk297cr embezzlement case
  • Coast Guard seizes five dredgers in illegal sand mining drive in Madaripur
  • Tourist’s hanging body recovered at Bandarban resort
  • Titas continues crackdown on illegal gas connections

Square Pharma to invest $1 million in Philippines

TBS Report
20 November, 2023, 07:35 pm
Last modified: 20 November, 2023, 09:18 pm
Square Pharma to invest $1 million in Philippines

Square Pharmaceuticals Limited has decided to invest $1 million in the Philippines for opening a company named Samson Pharma Inc.

Samson Pharma will be incorporated in the Philippines. The total investment plan is $2.5 million in Samson, which will be engaged in the marketing and distribution of pharmaceutical products, the leading drug maker of the country said in a statement.

Of the total $2.5 million, the company will initially invest $1 million in Samson Pharma, it said.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Square Pharma expects that Samson will start business in April 2024.

"We are opening a company in the Philippines to sell our medicines directly to that country. Samson Pharma will facilitate us to register our medicine in the Philippines," Muhammad Zahangir Alam, chief financial officer of Square Pharma, told The Business Standard on Monday.

In a pioneering move to manufacture abroad, the leading drugmaker in Bangladesh started setting up its plant in Kenya at an export processing zone in Nairobi in 2018, and went into commercial production at the beginning of this year.

Square, which began exporting medicines to Kenya in 2012, expects to generate approximately $4.5 million this year by shipping a wide range of 200 prescription drugs there.

Top News

Square Pharmaceuticals Ltd / Philippine / Bangladesh

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • The meeting is being held at the chief adviser’s official residence Jamuna. Photo: CA Press Wing
    CA Yunus holding meeting with 13 political parties
  • NIBPS Director Dr Nasir Uddin speaks at a press briefing, 22 July, 2025. Photo: TBS
    Milestone tragedy: 8 out of 44 patients in critical condition at burn institute
  • Hasnat Abdullah. Photo: Collected
    Health adviser should resign, obvious example of CA’s nepotism: Hasnat

MOST VIEWED

  • Screengrab/Video collected from Facebook
    CCTV footage shows how Air Force jet nosedived after technical malfunction
  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Why Bangladesh's capital market is poised for a bull run
    Why Bangladesh's capital market is poised for a bull run
  • ISPR clarifies crashed plane was battle aircraft, not training jet
    ISPR clarifies crashed plane was battle aircraft, not training jet
  • Photo: Syed Zakir Hossain/TBS
    Secretariat protest: 75 injured in police-protester clash over edu adviser's resignation for delaying HSC rescheduling
  • Exim Bank's former chairman Nazrul Islam Majumder being taken to court on 22 July 2025. Photo: Collected
    Will repay all money if granted bail, won’t run away, ex-Exim Bank chair Nazrul tells court

Related News

  • ADP implementation hits record low at 67% in FY25
  • Economist Abul Barkat placed on 2-day remand in Tk297cr embezzlement case
  • Coast Guard seizes five dredgers in illegal sand mining drive in Madaripur
  • Tourist’s hanging body recovered at Bandarban resort
  • Titas continues crackdown on illegal gas connections

Features

Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

1d | Panorama
Photo: TBS

Mourning turns into outrage as Milestone students seek truth and justice

18h | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

1d | Panorama
Despite all the adversities, girls from the hill districts are consistently pushing the boundaries to earn repute and make the nation proud. Photos: TBS

Ghagra: Where dreams rise from dust for Bangladesh women's football

2d | Panorama

More Videos from TBS

80 Columbia University students punished for pro-Palestinian protest

80 Columbia University students punished for pro-Palestinian protest

1h | TBS World
Education Ministry dispute leads to delay in postponing exams

Education Ministry dispute leads to delay in postponing exams

2h | TBS Today
Trump announces massive trade deal with Japan

Trump announces massive trade deal with Japan

3h | TBS World
Six unidentified bodies are yet to be identified

Six unidentified bodies are yet to be identified

5h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net