Norway investment on Bangladesh’s capital market hits record high
Mostafizur Rahman | Published: 22:23, Mar 02,2021 | Updated: 21:02, Mar 04,2021
Investment of Norway’s sovereign wealth fund (SWF), the world’s biggest fund, in Bangladesh’s capital market hit a record high in 2020 despite the coronaviruscentric sluggishness on the market.
The SWF has been increasing its stake on Bangladesh’s stock market every year since investing around $19 million in the country in 2015 amid expectations of better returns from the market.
In 2020, the fund’s investment value on Bangladesh’s capital market reached $248.35 million, which was $188.12 million in 2019.
The Norwegian government pension fund had footprints in 20 companies in 2020 against 22 companies in the previous year.
কুমিল্লায় দৈনিক সময়ের আলোর প্রতিষ্ঠাবার্ষিকী উদযাপন chandpurtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chandpurtimes.com Daily Mail and Mail on Sunday newspapers.
M Moneruzzaman | Published: 23:41, Feb 23,2021
The High Court on Tuesday observed that officers of Bangladesh Bank, who were responsible for overseeing the activities of non-banking financial institutions, were beneficiaries of financial scams carried by scammers at different non-banking financial institutions by illegally facilitating the top brass of the companies.
The company bench of Justice Muhammad Khurshid Alam Sarkar also called Bangladesh Bank’s executive director Shah Alam a ‘thief and a robber’.
Shah Alam was recently discharged of his duties at the central bank’s Department of Financial Institutions and Markets and the Department of Banking Inspection-2 for his alleged connection with fugitive Prashanta Kumar Halder, former director of International Leasing and Financial Services.
Till date, 124 peacekeepers from Bangladesh Army made supreme sacrifice and 222 peacekeepers have sustained injury for the cause of global peace in different UN Missions. Reputation, expertise, capability and excellence earned through long experience in peacekeeping operations, drives Bangladesh Army to remain ever ready to deploy contingents of different types as per the requirements of the UN in a minimum possible time. Currently, under the United Nations Peacekeeping Capability Readiness System, 16 contingents of the Bangladesh Army are phased out to replace the old units and in some cases are ready for new deployments, which is otherwise the highest among troops contributing countries.