Weak banks to merge after passage of Law: Finance Minister

Summary: Problem-ridden banks can be merged with the state-owned banks to keep them salvaged once after the law is passed. Content: A weak bank is one whose liquidity or solvency is impaired unless there is a major improvement in its financial resources, risk profile, strategic business...

BSEC started rearranging the Market

Summary: Bangladesh Securities and Exchange Commission has started delisting and transferring the listed stock in the Stock Market and has been sending the over-the-counter companies to small capital platforms and alternative trading boards. Content: Bangladesh Securities and Exchange Commission issued a notification in 16th September in a Committee meeting...

Massive factory Inspection will start this Month

Summary: A total number of 46,100 factories will go under inspection carried by 138 teams at the lead of BIDA, starting in the mid of this month. Content:  There have been many tragic fires and the incident of building landslides in different times in the country recently caught...

Quick power supply act gets a five-year extension

Summary:  The Jatiyo Sangshad extended the tenure of quick power supply Act which allows a sweeping authority to bypass the existing legislation for quick implementation of projects in all types of energy and power sectors. Content: Previously, The Quick Enhancement of Electricity and Energy Supply Act 2010 was...

Dhaka pins high hope on Dubai Expo

Summary:  ‘Indomitable Bangladesh-Towards Sustainable Development’ puts high hope of brightening the image of the country along with promoting Bangladeshi products. Content:  In the upcoming October, Bangladesh will showcase its 50 years of achievements at an international expo in Dubai. The expo is open to the world. This information...

Capital machinery import falls for third year in FY21

Summary: Import of capital machinery into the country declined for three years in a row and the GDP to private sector investment ratio dropped significantly in FY21 apparently due to lack of investment-friendly environment in the country. Content: Businesses necessarily import capital machinery for the escalation of industrial...

Honduras ratifies the United Nations Convention on International Settlement Agreements Resulting from Mediation

Summary: With the deposit of the instrument of ratification, effected on 2nd September, Honduras becomes the seventh state party to the 'Singapore Convention on Mediation ' which occurred shortly before the inaugural of UNCITRAL Academy. Content: The Singapore Convention on Mediation, formally the United Nations Convention on International Settlement...

BSEC forms body to stop gambling with small firms

Summary: The stock market regulator formed a three-member committee to report on the small capital companies within the next 30 working days. Content:  The stock market regulator is trying to assist the companies with small capital. For example, in 2018, they have given approval to a set of...

Bangladesh got the membership of NDB

Summary:     Bangladesh has finally become a member of the New Development Bank (NDB), which aims to be an alternative to the US-dominated World Bank and International Monetary Fund. Content: The new Development Bank founded by Brazil, Russia, India, and China in 2014 tried to expand its membership on...

Investment abroad needs BSEC ‘Nods’

Summary:  Bangladesh Securities Zone and Exchange Commission has intervened in the parallel drafting rules by Bangladesh Bank and Bangladesh Investment Development Authority on a debatable consent by the offshore investors, albeit with some exceptions to the capital issue. Content:  Equity investments are commonly used in our country. When money...
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