Miller discusses Dr Yunus' alleged misuse of labour and anti-corruption laws: impact on FDI

He added, “We will continue to encourage the Bangladeshi government to ensure a fair and transparent legal process for Dr. Yunus as the appeals process continues, but I have no action to preview.” Another journalist drew Miller's attention to a recent allegation made by Bangladesh Prime Minister Sheikh Hasina. He said, “Bangladesh's ruling Prime Minister […]

Two-thirds of foreign direct investment coming from Bangladesh in 2023 will be invested in India

According to Bangladesh Bank data, total investment by Bangladeshis abroad increased last year, but net investment decreased. This is because a large amount of foreign investment was withdrawn last year. For example, Bangladeshis invested $22.2 million in Hong Kong last year. In comparison, $2.8 million was withdrawn from existing investments in the country. As a […]

US Assistant Secretary of State Donald Trump to discuss trade and investment during Dhaka visit

US Assistant Secretary of State for South and Central Asian Affairs Donald Trump is scheduled to arrive in Dhaka on Tuesday on a three-day visit. He will discuss trade and investment, security, climate change, citizens' rights and other priority issues with government officials and other non-government stakeholders. Diplomatic sources said Donald Lu is scheduled to […]

IOM report: Overseas remittances exceed foreign investment in developing countries

Migration is an intrinsic part of human history, often overshadowed by sensationalist narratives. However, the reality is much more nuanced than what makes the headlines. Most migration is regular, secure and regionally concentrated, directly linked to opportunities and livelihoods. Yet, misinformation and politicization have clouded the public discussion, making a clear and accurate portrayal of […]

Dollar crisis: Dividend remittances of foreign companies stuck in Bangladesh

According to the capital markets regulatory body, BSEC, and financial reports of related companies, it is currently known that a total of Tk 2.2 billion of dividends are stuck in the country. These dividends belong to three multinational companies: Berger Paints Bangladesh, Marico Bangladesh, and Reckitt Benckiser Bangladesh. Among them, Berger’s has the highest amount […]

FICCI Investment Expo 2023: Celebrating 60 years of economic growth in Bangladesh

After the inauguration, there will be a plenary session on “Green Value Chain” featuring Chief Guest Abul Kalam Azad, Co-Chair Smart Bangladesh Network and former Principal Secretary, Former Principal Coordinator (SDG), Prime Minister’s Office and keynote speaker Professor Imran . Rahman, Vice Chancellor, University of Liberal Arts Bangladesh. The session moderated by Javed Akhtar, Director […]

PM Hasina seeks investment from Commonwealth countries

Sheikh Hasina said that almost all sectors are open for investment in Bangladesh. But among them, he said, more investments are encouraged in agricultural commodities and food processing, leather and leather goods processing, medical equipment, automobile and shipbuilding, and ICT. “These sectors have promising investment facilities, including an easy process to repatriate dividends or profits […]

Dhaka, Tokyo sign 8 instruments to promote cooperation for mutual benefit

The eighth MOC is the MOC in the field of information and communication technology involving cyber security between the ICT Division, Ministry of Posts Telecommunications and Information Technology and Ministry of Foreign Affairs of Japan. Agriculture Minister Muhammad Abdur Razzaq, National Board of Revenue Chairman (Senior Secretary) Abu Hena Muhammad Rahmatul Munim, Commerce Ministry Senior […]