Microsoft's $2.2 billion AI and cloud investment in Malaysia: A game-changer for Southeast Asia

“Our investment in digital infrastructure and skills will help Malaysian businesses, communities and developers apply the latest technology to drive inclusive economic growth and innovation across the country.” He also confirmed the investment in his keynote speech, saying he was “really pleased” to announce the expansion. “We really want to make sure that we have […]

US says bribery, corruption are major barriers to trade, investment in Bangladesh

The US and other international investors have raised concerns that the processes and requirements for outbound transfers from Bangladesh remain cumbersome, lack transparency, and involve significant delays in applications to repatriate profits, dividends and other capital, with some companies seeking approval. Waiting for more than a year. , With respect to labor rights, the report […]

PM Hasina announces offshore gas extraction to tackle energy shortage

The Prime Minister further said that the government has focused on controlling the current war induced inflation and reducing hardship for the people. “For this purpose, we have laid emphasis on increasing all types of production.” ITFC CEO Engineer Hani Salem said they will provide all possible support to realize Sheikh Hasina's 'Smart Bangladesh' vision […]

Prime Minister Sheikh Hasina urged to increase foreign investment in Bangladesh. Investment Expo-2023

The Prime Minister said he planned to make all offices providing investment services completely online and digital. Also, he said that they are continuously working to simplify the investment policy, including tax exemptions, remittance royalties, exit policies, dividends and full repatriation of capital, foreign investment protection by law. Sheikh Hasina said her government has recognized […]

Bangladeshis have 11,000 companies in Dubai

The number of companies owned by Bangladeshis registered in the United Arab Emirates (UAE) is increasing, according to one of its emirate statistics. Additionally, the number of membership of Bangladeshi businesses in Dubai Chamber of Commerce increased by 47 percent (1,044 companies) to a total of 10,975 companies in January-June this year. Established in 1965, […]

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 […]

‘Belt and Road Initiative at Bangladesh Expo 2023’: Simplifying tax, customs and visa procedures to enhance trade and investment

Song Yang said, “Bangladesh has a long-standing relationship with China. This kind of exhibition creates a new hope for us. It is a platform to highlight the cooperative spirit between the two countries.”Noting that Chinese President Xi Jinping launched the Belt and RoadHe said the initiative (BRI) in 2013 is now bearing fruit. “Our strong […]

MetLife Bangladesh invests in country’s first internationally certified sustainability bond

Commenting on the investment, Ala Ahmed, Chief Executive Officer, MetLife Bangladesh, said, “Our investments in Bangladesh continue to grow, and we are proud to be a partner in launching the country’s first sustainability bond. This historic investment reflects our confidence in Bangladesh’s growth and prosperity and its potential to become a more developed financial market.” […]