Summary The economic crisis moment is started with the Covid-19 Pandemic, during that time the economic strategy collapsed globally. After the concession made in the collection of bank loans was withdrawn due to Covid-19, loan defaults began to rise, and in the last nine months the rising amount of BDT 31, 122 crores, despite the abundance of available facilities. Content Given the... Read More
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 company, Salek Textile Limited, due to business instability since the unit's inception. As a subsidiary... Read More
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 the administration of COVID-19 vaccines on 27 January 2021 while mass vaccination started on 7 February... Read More
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 companies having tremendous sales have no problem issuing bonus shares for further expansion of... Read More
[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 these can contribute to the preparation and implementation of PPPs that are more resilient to disasters and... Read More
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 and system in its command area in Dhaka city. The DPDC signed the contract with... Read More
Live telecast of BIAC Webinar on Supply Chain and Trade. Our head of Chambers, Mr. Mohammed Forrukh Rahman was one of the speaker. Read More
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. Complete the ICC-WHO survey now. It will take only 3 minutes to help the WHO in the global... Read More
