BB disburses Tk 2.05b to capital market refinancing scheme

Bangladesh Bank (BB) has disbursed Tk 2.05 billion to the capital market refinancing scheme to enhance liquidity support in the capital market through market operators, officials said. The central bank on Thursday disbursed the fund on receipt of a letter from the supervisory committee of the refinancing scheme. The fund came following the government’s announcement regarding extension of tenure of the revised refinancing scheme until December 2027 to help revamp the capital market which recently saw persistent downward trend. The fund will be disbursed among market operators including Investment Corporation of Bangladesh (ICB) with an interest rate of 4.0 per cent. Before receiving Tk 2.05 billion from the central bank, the capital market refinancing scheme approved applications of market operators which sought Tk 220 million from the scheme.

Source: https://today.thefinancialexpress.com.bd/stock-corporate/bb-disburses-tk-205b-to-capital-market-refinancing-scheme-1653752061

Md Anwarul Haque elected Mercantile Bank chairman

Md Anwarul Haque has been elected as chairman of the executive committee of Mercantile Bank Ltd at the bank’s 402nd board meeting in Dhaka recently. He is an eminent businessman and managing director of Living Plus Ltd. He is involved in real estate, construction, export and import, insurance, financial services and many other businesses in the country.   

Source: https://www.thedailystar.net/business/organisation-news/news/3-toyota-models-be-available-june-4-3033951

Samsung Group commits $356b in investments

South Korean conglomerate Samsung Group on Tuesday unveiled a massive 450 trillion won ($356 billion) investment blueprint for the next five years aimed at making it a frontrunner in a wide range of sectors from semiconductors to biologics. The 80,000 new jobs would be created “primarily in core businesses including semiconductors and biopharmaceuticals” through 2026. Samsung employs about 20,000 people in the United States and work is under way to build a new semiconductor plant in Texas, scheduled to open in 2024.

Source: https://www.thedailystar.net/business/organisation-news/news/samsung-group-commits-356b-investments-3031121