Bangladesh to Remove Government Stake in Tobacco Company

Dec.28.2022
Bangladesh to Remove Government Stake in Tobacco Company
Bangladesh plans to remove government workers from the British American Tobacco Bangladesh committee to prevent interference in tobacco control policies.

Bangladesh's Planning Minister, M.A. Mannan, has suggested that government officials should leave the British American Tobacco Bangladesh Committee in order to prevent interference from the tobacco industry in the country's control policies and government initiatives.


The Bangladeshi government holds a small percentage of shares in British and American tobacco companies. MA Mannan, while organizing a meeting titled "Improving the Bangladesh Labor Welfare Trust Fund and Public Health Research and Communication Initiative" in the Planning Ministry, stated that he will request the Prime Minister to withdraw these shares.


Bangladesh legislator and senior lawyer Shamim Haider Patwari stated that their fight against tobacco is an unequal battle. He demands that the government divest its shares in tobacco companies.


At another event organized by the non-governmental think tank Unayan Shamannay in the capital of Bangladesh, speakers emphasized the need to strengthen tobacco control laws and ban smoking for the general public in order to fulfill the Prime Minister's vision of making Bangladesh a smoke-free country.


Furthermore, designated smoking areas, the depiction of smoking scenes in films subject to certain conditions, and tobacco companies' corporate social responsibility must be prohibited.


Atiur Rahman, former governor of the Central Bank of Bangladesh, has stated that policymakers have played a significant role not only in reducing tobacco consumption in Bangladesh but also in providing substantial support for anti-tobacco movements.


He added that citizens and decision-makers should work together to fulfill the Prime Minister's commitment through stricter tobacco control laws and proper implementation of the law.


According to Member of Parliament Fazle Hossain Badsha, there is a widespread perception that opposing tobacco leaves a negative impression. However, if tobacco control laws were strengthened, the dream of a smoke-free Bangladesh could be realized.


Another legislator, SM Shahzada, has stated that there has been a noticeable increase in tobacco use during the election campaign. He has called for necessary measures to be taken to break the tradition of using cigarettes to lure voters during the election.


This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.

Belgium Approves Vape Flavor Ban, Allowing Only Tobacco-Flavored and Unflavored Products From September 2028
Belgium Approves Vape Flavor Ban, Allowing Only Tobacco-Flavored and Unflavored Products From September 2028
Belgium’s federal government on Thursday approved a ban on flavored vapes, allowing only tobacco-flavored and unflavored e-cigarettes on the market from September 2028. Health Minister Frank Vandenbroucke said the measure is aimed at protecting the health of children and young people and preventing a new generation from becoming dependent on tobacco.
May.06 by 2FIRSTS.ai
Malaysian Court Rules Liquid Nicotine Exemption Irrational, Renewing Vape Regulation Debate
Malaysian Court Rules Liquid Nicotine Exemption Irrational, Renewing Vape Regulation Debate
Malaysia’s High Court ruled that the government’s earlier decision to remove liquid nicotine from the country’s Poisons List was “irrational,” reigniting debate over vape regulation, illicit trade, and youth protection.
Regulations
May.18
 Bangladesh Approves Amended Tobacco Control Law Expanding Ad Bans and Smoke-Free Areas
Bangladesh Approves Amended Tobacco Control Law Expanding Ad Bans and Smoke-Free Areas
Bangladesh’s new government has approved a broad tobacco control amendment that bans tobacco advertising, promotion and display across print, electronic, digital and social media, entertainment platforms and points of sale. The law does not cover newer products such as vapes, heated tobacco products, electronic nicotine delivery systems or nicotine pouches.
Apr.22 by 2FIRSTS.ai
Ispire Reports Fiscal Q3 2026 Revenue of $18.7 Million and Net Loss of $9.5 Million
Ispire Reports Fiscal Q3 2026 Revenue of $18.7 Million and Net Loss of $9.5 Million
Ispire Technology reported financial results on May 7, 2026, for the third quarter of fiscal 2026, covering the three months ended March 31, 2026. Revenue was $18.7 million, compared with $26.2 million in the third quarter of fiscal 2025 and $20.3 million in the prior quarter. Gross profit was $2.0 million, with gross margin of 10.7%. Net loss was $9.5 million, or $0.17 per share. The company said it held $18.0 million in cash as of March 31, 2026, up $468,000 sequentially.
May.08 by 2FIRSTS.ai
South Korea Set to Enforce Liquid Vape Ban in Smoke-Free Areas, but Welfare Ministry Abruptly Adds Two-Month Guidance Period
South Korea Set to Enforce Liquid Vape Ban in Smoke-Free Areas, but Welfare Ministry Abruptly Adds Two-Month Guidance Period
Local governments across South Korea recently issued press releases saying they would intensively crack down on the use of liquid e-cigarettes in smoke-free areas. Since the revised Tobacco Business Act, passed in December last year, included liquid e-cigarettes within the definition of tobacco and took effect on April 24, local authorities had prepared to begin enforcement immediately.
Apr.27 by 2FIRSTS.ai
Turning Point Brands Reports Q1 2026 Net Sales of $124.3 Million as Modern Oral Net Sales Rise 133%
Turning Point Brands Reports Q1 2026 Net Sales of $124.3 Million as Modern Oral Net Sales Rise 133%
Turning Point Brands reported first-quarter 2026 results on May 7, covering the period ended March 31, 2026. Total consolidated net sales were $124.3 million, up 16.8% year on year. Gross profit was $68.3 million, up 14.6%, while net income fell 19.0% to $11.7 million. Adjusted EBITDA declined 6.5% to $25.9 million.
May.08 by 2FIRSTS.ai