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Associated Press
27-05-2025
- Business
- Associated Press
Brazil Potash Announces Launch of Brazilian Depositary Receipts (BDRs) on B3 Exchange
MANAUS, Brazil, May 27, 2025 (GLOBE NEWSWIRE) -- Brazil Potash Corp. ('Brazil Potash' or the 'Company') (NYSE-American: GRO), a mineral exploration and development company with a critical mineral potash mining project, the Autazes Project, today announced the successful launch of its Brazilian Depositary Receipts (BDRs) on the B3 S.A. – Brasil, Bolsa, Balcão ('B3"), Brazil's main stock exchange. The BDRs have been approved for listing on B3 and will begin trading on May 26, 2025 under the ticker symbol GROP31. The BDR program will allow Brazilian investors to directly participate in the ownership of Brazil Potash, which is developing the strategic Autazes Potash Project in Amazonas state. This domestic investment opportunity aligns with Brazil's National Fertilizer Plan, which aims to reduce the country's dependence on fertilizer imports from 85% to 45% by 2050. 'We're proud to offer this investment opportunity to the Brazilian market, where the impact of our project will be directly felt,' said Matt Simpson, Chief Executive Officer of Brazil Potash. 'Our company was created to address a critical vulnerability in Brazil's agricultural supply chain. Now, through the BDR program, Brazilian investors can participate in building domestic potash capacity that will support the country's position as the world's largest net exporter of agricultural products.' The BDRs will be backed by Brazil Potash's common shares, which will continue to trade on the NYSE American exchange under the ticker symbol 'GRO.' Each BDR will represent 1:1 of a common share of the Company. This dual listing approach enhances the Company's visibility in both North American and Brazilian capital markets, improving liquidity and broadening the investor base. Banco Bradesco S.A. will serve as the depositary institution for the BDR program. The BDRs are being issued as Sponsored Level I BDRs, governed by CVM Instruction 332, CVM Instruction 480, and the B3 Issuers Regulation and Manual. About Brazil Potash Brazil Potash (NYSE-American: GRO) ( is developing the Autazes Project to supply sustainable fertilizers to one of the world's largest agricultural exporters. Brazil is critical for global food security as the country has amongst the highest amounts of fresh water, arable land, and an ideal climate for year-round crop growth, but it is vulnerable as it imported over 95% of its potash fertilizer in 2021, despite having what is anticipated to be one of the world's largest undeveloped potash basins in its own backyard. The potash produced will be transported primarily using low-cost river barges on an inland river system in partnership with Amaggi ( one of Brazil's largest farmers and logistical operators of agricultural products. With an initial planned annual potash production of up to 2.4 million tons per year, Brazil Potash's management believes it could potentially supply approximately 20% of the current potash demand in Brazil. Management anticipates 100% of Brazil Potash's production will be sold domestically to reduce Brazil's reliance on potash imports while concurrently mitigating approximately 1.4 million tons per year of GHG emissions. Forward-Looking Statements Disclaimer All statements, other than statements of historical fact, contained in this press release constitute 'forward-looking statements' and are based on the reasonable expectations, estimates and projections of the Company as of the date of this press release. The words 'plans,' 'expects,' or 'does not expect,' 'is expected,' 'budget,' 'scheduled,' 'estimates,' 'forecasts,' 'intends,' 'anticipates,' or 'does not anticipate,' or 'believes,' or variations of such words and phrases or statements that certain actions, events or results 'may,' 'could,' 'would,' 'might,' or 'will be taken,' 'occur' or 'be achieved' and similar expressions identify forward-looking statements. Forward-looking statements include, without limitation, statements regarding the trading of BDRs on B3; the potential benefits of the BDRs or the Autazes Project, the status of the Company's project, government regulation and environmental regulation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company disclaims any intention or obligation to update or revise any forward-looking statements, except to the extent required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements. Contact: Brazil Potash Investor Relations [email protected] A photo accompanying this announcement is available at
Malay Mail
07-05-2025
- Business
- Malay Mail
Work-from-home policy for civil servants to continue during ASEAN Summit, says JPA
PUTRAJAYA, May 7 — The work-from-home (BDR) policy for civil servants will be maintained flexibly in conjunction with the upcoming Asean Summit at the end of this month. The Public Service Department (JPA), in a statement, said the policy, outlined under Clause SR.4.1.2 of the Human Resource Management Service Circular (MyPPSM), aims to balance agency needs with the well-being of employees, including work-life harmony. 'In line with this approach, department heads are empowered to consider BDR applications from employees who may be affected by traffic congestion during the Asean Summit,' JPA said. The department added that the initiative reflects the government's commitment to resilient and empathetic governance, aligning with the core values of Malaysia Madani, such as well-being, compassion, and efficient public service delivery. Eligible civil servants are encouraged to liaise with their respective department heads for consideration. The policy's implementation must adhere to the procedures and conditions outlined in MyPPSM, JPA said. The 46th ASEAN Summit is scheduled for May 26 and 27 in Kuala Lumpur, bringing together leaders from all 10 ASEAN member states to discuss regional issues, foster economic cooperation, and champion inclusivity and sustainability.
India.com
03-05-2025
- Politics
- India.com
Notorious Yunus aide says Bangladesh should seize India's Northeastern states if India attacks Pakistan
Dhaka: Tapped by Interim Government's Chief Advisor Muhammad Yunus for a high-level role, Major General (Retd.) A L M Fazlur Rahman, a former Bangladesh Rifles (BDR) Director General, has sparked diplomatic ripples with an incendiary social media post which suggests that Bangladesh should ally with China to seize India's northeastern states if India retaliates against Pakistan over the recent Pahalgam terror attack. 'If India attacks Pakistan, Bangladesh should occupy the seven states of Northeastern India. I think it is necessary to start discussions with China on a joint military arrangement in this regard,' Rahman wrote. Rahman, who has pro-Pakistan leanings and is connected to radical Islamist Jamaat-e-Islami (JeI) party, is notoriously remembered in India as one of the key figures in the ghastly killing of 16 BSF jawans at Boraibari along the Assam-Meghalaya -Bangladesh tri-junction on April 18, 2001. Rahman's recent overtly political appointment by the Yunus-led interim administration as Chairman of the National Independent Commission probing the 2009 Bangladesh Rifles mutiny at Pilkhana in which 74 people, including military officers, were killed during a mutiny has stirred controversy. His current position is equivalent to a judge of the Appellate Division of Bangladesh's Supreme Court. Rahman is a known 'anti-India' figure and has accused India of influencing affairs of Bangladesh. The interim government has quickly moved to disown the remarks. Bangladesh's Ministry of Foreign Affairs issued a statement on Friday, firmly distancing the government from Rahman's comments. 'The comments do not reflect the position or policies of the government of Bangladesh, and as such, the government neither endorses nor supports such rhetoric in any form or manner,' it said. Fazlur Rahman's remarks are being seen as views of Yunus on his government's ties with China. During his visit to China in March, Yunus pitched for 'extension of the Chinese economy' and made the provocative remarks that with Northeast India being 'landlocked,' Dhaka is the 'only guardian of the ocean for all this region'. Since Yunus took over in August 2024, as many as 140 garment factories have shut down, with more than one lakh people losing their jobs. The largest textile industrial park, BEXIMCO has also been shut down. About 62 per cent of the steel Industry in Chattogram is at risk of closure. Production of critical products like steel rods, cement and urea fertiliser are severely disrupted, pushing Bangladesh economy into a deep crisis. Alarmingly, Bangladesh suffers the highest inflation rate of 9.35 per cent making matters worse. The political uncertainties created by Yunus's interim administration have deterred investment, stifled growth and constrained job creation in Bangladesh. There was a time when Bangladesh was emerging as one of the most promising economies in the world.
News18
02-05-2025
- Politics
- News18
Yunus Aide's Brazen Call: ‘Bangladesh Should Occupy Northeast If India Attacks Pakistan'
Last Updated: Alm Fazlur Rahman, a former head of the Bangladesh Rifles (now Border Guard Bangladesh), made the provocative remarks in a social media post. A retired Bangladeshi army officer with close ties to the current interim government led by Chief Adviser Muhammad Yunus ignited controversy by suggesting the occupation of India's northeastern states in the event of an Indian military response to Pakistan following the Pahalgam terror attack. Maj Gen (retired) ALM Fazlur Rahman, a former head of the Bangladesh Rifles (now Border Guard Bangladesh), made the provocative remarks in a social media post, proposing that Bangladesh should start talks with China for a joint military system. 'If India attacks Pakistan, Bangladesh should occupy seven states of North East India. In this regard, I think it is necessary to start a discussion on a joint military system with China," he said in a Facebook post in Bengali. ALM Fazlur Rahman is the chairperson of the National Independent Commission of Inquiry probing the 2009 Bangladesh Rifles (BDR) massacre. His statement comes at a time of heightened tensions between India and Pakistan in the wake of the deadly attack in Jammu and Kashmir's Pahalgam. The interim government of Bangladesh distanced itself from controversial comments made by ALM Fazlur Rahman, head of the BDR commission. Shafiqul Alam, press secretary at the Bangladesh chief adviser's office, clarified that ALM Fazlur Rahman's statements were made in his personal capacity. First Published: May 02, 2025, 12:51 IST
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First Post
01-05-2025
- Politics
- First Post
Bangladesh should occupy NE states if India attacks Pakistan': Yunus aide on Pahalgam
In a Facebook post, Major General (retired) ALM Fazlur Rahman has said that Bangladesh should occupy India's seven northeast states if it attacks Pakistan in response to Phalagam terror attack read more A senior official appointed by the Muhammad Yunus-led interim government has said that Bangladesh should occupy India's seven northeast states if it attacks Pakistan in response to Phalagam terror attack. The remark made by Major General (retired) ALM Fazlur Rahman — the chairperson of the National Independent Commission of Inquiry probing the 2009 Bangladesh Rifles (BDR) massacre — on Facebook comes at a time when Dhaka's ties with New Delhi has seen a downturn after ouster of former prime minister Sheikh Hasina in August last year. STORY CONTINUES BELOW THIS AD 'If India attacks Pakistan, Bangladesh should occupy seven states of North East India. In this regard, I think it is necessary to start a discussion on a joint military system with China,' Rahman said in a Facebook post in Bengali on Tuesday. The post received a 'like' from fellow commission member Shahnawaz Khan Chandan, a former member of the Islamist student organization Islami Chhatra Shibir. According to a report by The Print, Chandan, currently an assistant professor at Jagannath University in Dhaka, is reportedly someone whom Yunus is said to have placed 'complete trust' in. The timing of the post is significant, coming amid escalating India-Pakistan tensions following the Pahalgam terror attack. In a series of retaliatory measures, India has suspended the 1960 Indus Waters Treaty, shut down the Attari post, and downgraded diplomatic ties. Meanwhile, Bangladesh has moved closer to Pakistan following Sheikh Hasina's exit. The two countries held their first foreign secretary-level talks in nearly 15 years this month in Dhaka, focusing on bilateral and historical issues. The dialogue follows quiet diplomatic overtures, including relaxed visa norms and discussions on 1971-related grievances. A visit by Pakistan's Deputy Prime Minister Ishaq Dar is expected but remains on hold amid rising regional tensions. STORY CONTINUES BELOW THIS AD Who is Fazlur Rahman? Fazlur Rahman, a retired army officer, led the Bangladesh Rifles (BDR) during the 2001 border clashes with India, in which 16 BSF personnel were killed. Now elevated to a position equivalent to a Supreme Court appellate division judge, Rahman has pledged to expose the 'foreign conspiracy' behind the 2009 Pilkhana massacre. Claiming the original probe into the BDR mutiny concealed critical truths, Rahman has said, 'We aim to determine whether any foreign entity was involved in the carnage,' hinting at alleged Indian involvement. His latest remarks are likely to add to growing friction with New Delhi. They come shortly after Yunus, declared in a meeting with Chinese officials that Bangladesh — not India — is the true gateway to South Asia. 'The eastern part of India, known as the Seven Sisters, is landlocked. They have no access to the ocean. We are the only guardians of the ocean in this region. This opens up huge possibilities,' Yunus said in a video of the meeting that has since gone viral. STORY CONTINUES BELOW THIS AD He also added that Bangladesh could act as 'an extension of the Chinese economy—building, producing, and marketing goods for China and the world.' With inputs from agencies
