BSEC started rearranging the Market

October 10, 2021 | | Capital Market, Finance, Investment

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 that it would transfer or delist stocks from the over-the-counter market from the 19th September. An over-the-counter (OTC)... Read More

Quick power supply act gets a five-year extension

October 3, 2021 | | Construction, Investment, Power

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 extended until October 2021, which would finish in this month. The act was extended... Read More

Dhaka pins high hope on Dubai Expo

October 3, 2021 | | Commercial, Corporate, International, Investment

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 has been acquired from the Commerce Minister Tipu Munshi at a press briefing in... Read More

Capital machinery import falls for third year in FY21

September 28, 2021 | | International, Investment

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 units and to increment new plants. The government also imports machinery for different infrastructures. In... Read More

Investment abroad needs BSEC ‘Nods’

September 5, 2021 | | Capital Market, Investment

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 is invested in a company by purchasing shares of that company in the stock... Read More

Intel Is in Talks to Buy Global Foundries for about $30 Billion

August 2, 2021 | | International, Investment

Summary:  Intel Corp, plans to buy Global Foundries, which is one of the largest specialists in chip production by overtaking their big customer AMD for about $30 billion. Although, the biggest deal by Intel so far is the purchase of $15.4 billion of Altera Corp.in 2015. Content:  Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, in... Read More

Genex Infosys makes an agreement with Edotco to offer IOT services

July 13, 2021 | | Commercial, Investment

Summary:    Genex Infosys has entered into a three-year agreement with Edotco Bangladesh Company to arrange for 360-degree internet of things (IOT)-based security solutions, including monitoring and theft protection. This service agreement is estimated to produce approximately BDT240mn in revenue per year upon full rollout, added the disclosure. Content: Genex Infosys is a part of the IPE Group UK, a leading outsourcing provider of customer... Read More

Microsoft gets VAT registration

July 13, 2021 | | Corporate, Investment

Summary:  Microsoft received the Value-Added Tax (VAT) registration from Dhaka South Vat commissionerate on July 01 standing as the fourth tech giant in Bangladesh. It used its Singapore address and collected its Business Identification number. Content:  It's obvious that if the International companies want to conduct business here in Bangladesh, they will have to pay taxes to the government. So, these technology... Read More

BSEC has published its First Green bond gazette on 31st May 2021

June 20, 2021 | | Investment

Summary: Bangladesh Security and Exchange Commission has approved the first-ever green bond issuance in Bangladesh in favor of a non-governmental organization. In its newly published gazette, BSEC has notified its nature of the bond and the type of corporations that can buy these bonds. Content: Starting with the introduction of Green bonds which are any type of debt instrument with the same... Read More

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