The ongoing coronavirus pandemic has led to great uncertainty over life and livelihoods. As the virus is not going to leave us anytime soon, it will continue to hurt economies and threaten jobs. Amid this uncertain situation, many are deferring their plans to go for large investments while others are shying away from fresh loans or increasing credit card debt. But what are the
BenarNews
The Bangladesh government’s decision to borrow funds from the central bank’s foreign currency reserves for development projects has analysts warning there is “no check-and-balance mechanism” ensuring accountability.
The government of Prime Minister Sheikh Hasina launched the Bangladesh Infrastructure Development Fund (BIDF) last month, with officials touting it as an innovative way for the South Asian nation to reduce its spending on foreign currencies in paying off expensive loans by international lenders, such as the World Bank and China.
“This endeavor will be for an effective investment of surplus foreign currency reserve,” Hasina said during the virtual signing ceremony on March 15.
Farhan Fardaus,
bdnews24.com
Published: 20 Jan 2021 10:39 AM BdST
Updated: 20 Jan 2021 10:39 AM BdST The new rules stipulate a new condition that an investor must have a minimum of Tk 20,000 investment in the secondary market to apply for IPO shares. The market regulator says the new system aims to encourage long-term investment.
The Bangladesh Securities and Exchange Commission has changed the IPO rules to scrap the lottery system. That means the shares will be distributed among all applicants in a proportionate rate from April under the new rules. );
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Why has the SEC chosen this system? Market analysts say the new system will augur well for the stock market by preventing irrational share price hikes.