Floor Price and Bangladesh’s Capital Market The term ‘floor price’ in the context of the stock market generally refers to the minimum price at which a security can be traded, often associated with processes like initial public offerings (IPOs) and auctions. In certain situations, governments set floor prices to prevent the market price of a commodity from falling below a level that could harm the producers. This is particularly common in markets with inelastic demand and very low natural prices....
In a roundtable discussion, experts have called upon the new government to take decisive actions to guide the country towards stability and growth. The focal points of concern highlighted by the experts included the safety of capital, default loans, and capital flights, emphasizing the need for a robust legal framework. The overarching sentiment was that establishing a stable environment for businesses and individuals is imperative for economic growth. To foster an investor-friendly atmosphere, the new government must prioritize addressing concerns...
Court Correspondent :A Dhaka court yesterday deferred to February 8 the verdict in a case filed against two former teachers of Viqarunnisa Noon School and College for allegedly instigating student Aritri Adhikary of the school to commit suicide. January 21 was fixed for pronouncing the verdict of the case but the verdict was not ready for the delivery and Judge Abdullah Al Mamun of the Twelfth Additional Metropolitan Sessions Judge Court of Dhaka set the new date for the announcement...
Reuters :Russia’s state RIA news agency said on Sunday it had calculated that the West stood to lose assets and investments worth at least $288 billion if it confiscated frozen Russian assets to help rebuild Ukraine and Moscow then retaliated. After President Vladimir Putin sent forces into Ukraine in February 2022, the US and its allies prohibited transactions with Russia’s central bank and finance ministry, blocking around $300 billion of sovereign Russian assets in the West. US and British officials...
UNB :A fire that broke out on the top floor of a high rise building in Dhaka’s Topkhana Road earlier on Sunday morning is now under control. Rashid Bin-Khalid, duty officer of Fire Service and Civil Defence (FSCD) headquarters media cell, said the fire originated from the 14th floor of the 15-storey ‘Merherba Plaza’ on Topkhana Road around 7:33 am. Responding to call, four firefighting units from several stations rushed to the spot and brought the blaze around 8:15 am,...
Staff Reporter :The High Court on Sunday directed the Director General of the Directorate General of Health Services (DGHS) to conduct an investigation into an allegation that wrong treatment of a doctor of the Lab Aid Specialized Hospital in Dhaka damaged two kidneys of a patient, Md Yousuf Mazumder alias Shakil. The DG of the DGHS has been asked to submit a report to the court within two months after conducting the investigation. The High Court bench of Justice K...
Staff Reporter :The main opposition party-BNP- and its allies on Sunday announced a fresh agitation programme for two days after a two-week break. The BNP has announced a two-day black flag procession programme to press home its demands for dissolving the ‘illegal’ parliament and releasing all the political prisoners, including its Chairperson Begum Khaleda Zia and Secretary General Mirza Fakhrul Islam Alamgir. Ruhul Kabir Rizvi, Senior Joint-Secretary General of the party, announced the programmes at a press conference at the...
Staff Reporter :A police constable named Mehedi Hasan (24) was shot and five others, including the OC and IO of Shahjahanpur Police Station, were injured during a slum eviction drive at Shahjahanpur playground in the capital. This incident occurred on Sunday around 2.30 pm. Mehedi Hasan, who was shot, was rescued and brought to the emergency department of Dhaka Medical College and Hospital (DMCH). The rest are being treated at the Rajarbagh police hospital. Bullet injured Mehedi Hasan, who was...
Staff Reporter :The Bangladesh Digital Survey (BDS) program is gaining momentum in the country as the modern technology of digital surveys. The program equipped with South Korea’s state-of-the-art survey drones, aircraft, GNSS, and ETS, will begin following arrival of the logistics from Korea by February 10. Land Minister Narayon Chandra Chanda came up with this while inaugurating the 134th Survey and Settlement Training Course organized by the Land Record and Survey Department (DLRS) at the joint camp adjacent to the...
Reuters : The toll of Palestinians killed in Israeli strikes on Gaza since Oct 7 has passed 25,000, health officials...
Staff Reporter :Amid the ongoing severe crisis of gas in all sectors including households and industries, the government has called upon the customers to have patience for the temporary inconvenience. Minister of Power, Energy, and Mineral Resources, Nasrul Hamid at the Secretariat on Sunday assured that the situation of gas crisis would be relieved in a couple of days. “The supply of natural gas faced an issue last Friday and Saturday. One of the two terminals for the liquefied natural...
