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Geographical location, inexpensive and easily trainable workforce and moderate production cost have helped Bangladesh become an attractive investment destination, Law Minister Anisul Huq said Sunday.

The Bangladesh Bank on Sunday asked scheduled banks to charge margins at a minimum rate against opening of import letters of credit for essential kitchen commodities ahead of the month of Ramadan.

‘The investment was against the interest of the investors and the capital market’

Bangladesh produces 86 per cent of the world’s hilsa, that is, 533,000 tonnes. And in all likelihood it will be possible to produce 700,000 tonnes. Even four years ago Bangladesh would produce 65 per cent of the world’s hilsa. India ranks second in producing this fish and Myanmar third. Hilsa …

After witnessing a downward trend in the last session, stocks today rebounded in the Dhaka and Chittagong stock exchanges as investors remained active on sector-wise issues.

Bangladesh Bank has decided to increase the size of its export development fund (EDF) as it reaches out to businesses tackling slowdowns from a recent resurgence in daily Covid-19 cases, the highest since last July.

The prices of chicken and edible oil increased further on the kitchen markets in the capital, Dhaka, ahead of Shab-e-Barat, a religious festival for the Muslims to be observed Monday night.

The Bangladesh Securities and Exchange Commission has asked brokerage houses to ensure at least Tk 20,000 in investment by the general investors in the stock market  to be eligible for participating in any initial public offering from April 1.

The World Bank on Friday approved US$250 million to help Bangladesh for creating more, better and inclusive jobs and effectively respond to the COVID-19 pandemic for a faster recovery and stronger resilience in future crises.

Bangladesh and Vietnam out of six Asian frontier markets are expected to remain among the fastest-growing world economies in 2021.The Washington-based International Institute of Finance (IIF) has made this update on its outlook for frontier Asian economies, assessing their key risks recently.