The deals have the potential to generate 59,408 jobs

We have the potential to be a globally competitive country politically and economically.

Two major companies from the United Arab Emirates, Abu Dhabi Ports Group and Masdar, have unveiled plans to invest in Bangladesh’s port development, management, and logistics, as well as the renewable energy sector.

The inflow of foreign direct investment (FDI) into Bangladesh is facing critical challenges as a plethora of factors have caused it to stagnate to a mere 0.5 percent of the country’s gross domestic product in recent years.

Less than a year after Prof Shibli Rubayat-Ul Islam was appointed as chairman of the Bangladesh Securities and Exchange Commission (BSEC) in May 2020, the regulator started holding roadshows abroad to lure in foreign investors and boost the local market.

What can we do better? Why is Vietnam successful and not us?

The net foreign portfolio investment in Bangladesh continued to fall in the July-March period of fiscal year 2023-24 due to the negative economic outlook, repeated devaluation of the local currency against the US dollar, and policy instability.

A US business delegation has expressed interest in investing more in the power and energy sector of Bangladesh, said Nasrul Hamid, state minister for power, energy and mineral resources, yesterday. 

As per the new measure, foreign investors who are remitting money from abroad will get the scope to retain forex in their foreign currency accounts at local banks for up to one year after registering their businesses here

These issues arise in the context of startups due to a disorganised policy framework across various ministries.

Bright colours and bold logos proudly signal where India has set up base on the main street in Davos this year, as the country trumpets its pro-business and foreign investment drive.

The Indian rupee fell to a new all-time low early today (May 9, 2022), trading beyond 77.40 per US dollar, driven by investors’ need for safety as China’s lockdowns, war on the outskirts of Europe, and fears of increased interest rates sent a fearful jolt through markets, according to NDTV.

Bangladesh has received foreign investments of over $750 million in the startup sector in a decade, said State Minister for Information and Communication Technology Zunaid Ahmed Palak today.

Bangladesh is on the verge of becoming a saturated market in tyre manufacturing by next year with the inclusion of some local and foreign conglomerates in the business. Apex Husain Tyre and Gazi Tyre

Analysts at a seminar titled “Lack of corporate governance is the biggest barrier in Bangladesh for Japanese investors”, on February 19, stated that poor corporate governance and lack of quality manpower were the two major impediments holding back foreign direct investment (FDI) in Bangladesh.

Bangladesh should nurture a long-term relationship with foreign investors in order to retain them which would ultimately benefit the economy, said a World Bank expert.

The rate of return in Bangladesh is still high enough to attract new businesses. The businesses that desperately seek to install plants in foreign lands did not exhaust domestic possibilities by scanning our potential.

WE are heartened to learn that the government plans to set up three new economic zones that will cater specifically for Japanese, Chinese and Indian firms intending to invest in Bangladesh.