Malek Spinning to shut down the denim unit of Salek Textile Limited

Summary: Due to the incurred loss of Salek Textile Limited, the Parent Company Malek Spinning is selling its denim unit’s assets to pay off the liabilities. Content: Malek Spinning Mills Limited, a New Asia Group company, has decided to close the denim bottoms production unit of its subsidiary...

Bangladesh Incepta and China Sinopharm will co-produce Vaccine

Summary:   Bangladesh is shortly to sign the tripartite MOU with Sonipharm of China to co-produce the vaccine within the next two months. There was a previous disappointment in the supply of sputnik of Russia and Astrazeneca of India due to the surge in their national emergence.   Content:   Bangladesh began...

Curb on bonus share issuance

Summary: Bonus share offerings are about to be abandoned for the five types of listed companies that are not able to utilize their existing fund. BSEC found that the bonus share issue brings no good to the company and nor can ensure minority protection. Although the...

Opportunities for PPP Legal Frameworks Post-COVID-19

 [Source: World Bank Group] While recognizing that many best practice examples for PPP legal frameworks exist on a national level or through international initiatives, there remains a gap in terms of practical guidance on critical components of PPP legal frameworks and how...

DPDC faces delay in project implementation

Chinese engineers and workers could not return to Bangladesh from their homeland causing delay in a top priority project of Dhaka Power Distribution Company Ltd (DPDC) due to COVID-19. According to official sources, the DPDC undertook a Power Distribution System upgrading project to improve its network...

Covid-19

ICC WHO SURVEY  We are pleased to invite your company to participate in the first global survey conducted by the International Chamber of Commerce (ICC), in collaboration with the World Health Organization (WHO) ‒ a major step in the private sector’s global response to COVID-19. 
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