05Mar
05Mar
Physical presence of chairman & MD mandatory at AGMs, decision taken by BSEC
Summary The regulatory body of the stock market has made it compulsory for a listed company to have at least 25% of its board members, including the chairman and managing director, physically present at the general meeting. This is to ensure that the company is accountable...
05Mar
A new initiative has been introduced by the U.S. Attorney in Manhattan, which aims to promote more self-disclosure.
Summary The U.S. attorney for the Southern District of New York has announced an initiative. The pilot program launched by the U.S. Attorney’s Office in Manhattan aims to provide individuals with an incentive to report and cooperate with authorities to prosecute criminal conduct. Content The U.S. Attorney’s Office...
05Mar
The business climate’s uncertainty is causing a decline in new company registrations.
Summary Aspiring entrepreneurs in Bangladesh are encountering significant challenges, as the country's business environment is being stifled by political instability and worldwide uncertainties. The number of registered corporations has declined, and only a small minority of them can successfully get off the ground. These hurdles have...
30Dec
Limitations on Deposits and Troubled Banks categorized
Summary The Bangladesh Bank has recently introduced a new framework that aims to promote financial stability and maintain public confidence in the banking system. This framework categorizes troubled banks into four groups based on their non-performing loans (NPLs) and Capital to Risk (Weighted) Assets Ratio (CRAR). Content: As...
30Dec
DCCI has requested for a dedicated High Court bench to deal with cases related to companies
Summary: A more efficient, transparent, and business-friendly regulatory environment in Bangladesh is being recommended by the Dhaka Chamber of Commerce & Industry (DCCI) through the establishment of a specialized High Court division that will handle company disputes within a period of 120 days. Content: A recent seminar on...
30Dec
The DSE is developing an advanced system to ensure accurate company disclosures
Summary The Dhaka Stock Exchange (DSE) has announced plans to create a sophisticated platform that will focus on ensuring accurate disclosures by listed companies. The aim is to prevent the dissemination of misleading information. Content The newly appointed managing director of the country's leading bourse, ATM Tariquzzaman, unveiled...
30Dec
Beyond 2026, Bangladesh is set to continue receiving trade benefits
Summary: WTO member nations have successfully reached an agreement to provide support to Bangladesh and other least developed countries (LDCs) as they progress towards graduation. Starting November 2026, Bangladesh will continue to receive trade benefits even after it graduates from the list of least-developed countries. However,...
30Dec
In the fiscal year 2023, loans worth Tk 7,319 crore were written off.
Summary: Banks in the country wrote off over Tk 7,319 crore in bad loans during the financial year 2022-23 to reduce their defaulted loans and improve the state of their balance sheets. However, the recovery process for such loans was not good, which resulted in an...
30Dec