Summary: On February 7th, 2021, Bangladesh Bank (BB), the central bank of the country declared a dividend policy for banks for 2020 in light of the challenges that the outbreak of coronavirus posed which allowed them to reward their shareholders based on the strength of the capital base. On the 24th of February 2021, the central bank stopped the non-bank... Read More
[Source: TBS] Aiming to provide liquidity support to the capital market, the Bangladesh Securities and Exchange Commission (BSEC) will form a fund with the unpaid dividends. The fund will be run under the name of Stock Market Stabilisation Fund. The BSEC claimed that there are dividends worth Tk21,500 crore which have remained unsettled for a long time in several companies. The... Read More
[ Source: the Business Standard] The government will be setting up nine more economic zones in the country. The approval came at a recent governing board meeting of the Bangladesh Economic Zone Authority (Beza), chaired by Prime Minister Sheikh Hasina. With this, the number of approved economic zones currently stands at 102. Of the 93 previously approved economic zones, nine... 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
[source: The Business Standard] The government is going to allow firms outside of the Export Processing Zone (EPZ) to pay their foreign employees in dollars. This has been a long-standing demand of companies and would make the revenue board better able to tax the foreigners. The approval will enable the export oriented non-EPZ companies to pay the foreign employees via... Read More
[Source: The New Age] Only four directors of three listed companies complied with rules regarding minimum 2-per cent shareholding by each director of a listed company though the Bangladesh Securities of Exchange Commission on July 2 gave 61 non-compliant directors of 22 companies 45 days to ensure required amount of shareholding in their respective firms. The BSEC asked the directors... Read More
The ‘Companies (2nd Amendment) Bill, 2020’ was placed in the Jatiya Sangsad (JS) keeping a provision of formation of one-man company aiming to attract larger investment and do better in the global ease of doing business ranking. Following the approval of the parliament, Commerce Minister Tipu Munshi placed the bill in the House with Speaker Dr Shirin Sharmin Chaudhury in... Read More
[source: Textile focus] Korea and Bangladesh maintains a longstanding diplomatic and bilateral economic relation since independence of Bangladesh. Korea has been endowed with rich heritage of industrialization and five percent share of global trade. South Korea has been globally recognized for its unique productivity technique and immense strength in Shipbuilding, Electronics, Semi-conductor and automotive industry. The unprecedented quality and... Read More
Japan last week included Bangladesh in the subsidy scheme in the matters of relocating its firms from China. Under the subsidy scheme, Japan government is providing financial assistance to the companies, shifting their plants from China to other suitable locations. The Japanese subsidy programme was initially meant for factories that were moving back to Japan or shifting their production to... Read More
source: Genex website [Source: Financial Express] Genex Infosys Ltd, a listed company, has approved a strategic business agreement with RedDot Digital Ltd to launch a service called "Binge". The RedDot Digital, a subsidiary of Robi Axiata is the country's second-largest mobile operator, according to an official disclosure on Tuesday. Binge is Bangladesh's first Google-certified online video-streaming service along with an android... Read More
