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Momen seeks Thai investment in Special Economic Zones

BSS Foreign Minister Dr AK Abdul Momen yesterday sought Thai investment in the Special Economic Zones in Bangladesh where state of the art facilities and one stop services (OSS) are provided. The foreign minister made the urge as the outgoing ambassador of Thailand to Bangladesh Arunrung Phothong Humphreys paid a farewell call on

Bangladesh-US to advance economic partnership with sustainable supply chain

Dhaka and Washington DC have expressed willingness to work together to advance the US-Bangladesh Economic Partnership to facilitate sustainable supply chains and generate more employment to further strengthen ties between the two friendly countries. The two states underlined the need for bilateral cooperation to help overcome the global economic disruptions caused

More investment to come in Bangladesh: hopes Kamal

BSS Finance Minister AHM Mustafa Kamal yesterday expressed his high optimism that more local and foreign direct investment (FDI) will come in the country in the coming days since necessary physical infrastructures are being built in Bangladesh. “I believe that more investment will come in the country since necessary physical infrastructures

Energypac Power Generation Ltd. to enter stock market

The leading employee-owned company in the power and energy sector receives approval Energypac Power Generation Limited has received approval for the initial public offering (IPO) through the book-building process. On August 05, 2020, at the 734th commission meeting, the securities regulator – Bangladesh Securities and Exchange Commission (BSEC) – gave the

JPMorgan appoints former UK finance minister as adviser

LONDON, (AFP) US investment bank JPMorgan on Tuesday said it had appointed Britain’s former finance minister Sajid Javid as a paid senior adviser. Javid, who remains an MP in the ruling Conservative party after he resigned as Chancellor of the Exchequer in February, will join the bank’s advisory council for Europe,

Well thought-out investment planning helps raise economic growth: WB

BSS Well thought-out investment planning helps raise economic growth rates, increases competitiveness, offers new economic opportunities, and bolsters improvements in human capital, said a new World Bank report. The report addresses need to better understand current levels of infrastructure quantity and quality. The report presents data about infrastructure provision in three key sectors

‘Bangladesh: A suitable place for investment’

A Chinese entrepreneur Xu Xiaochu said Bangladesh is the most suitable place for investment for global enterprises as it has a large population and huge market potential. Xu Xiaochu, the chairman of China’s Yabang Investment Holding Group Company Limited said this in a recent function. “It is the most suitable place for investment for

Apple vendor eyes production shift to India

NEW DELHI: In a major relocation from China as part of global business’ effort for derisking of manufacturing bases by diversifying supply chains, a contract manufacturer for Apple is shifting six production lines looking forward to exporting around $5 billion worth of iPhones from India apart from catering to the

Google to invest $10 billion in India

Google will invest $10 billion in India over the next five to seven years with the aim of consolidating its position in the digital ecosystem of the world’s fifth-largest economy that is emerging as a battleground for global internet giants. Alphabet Inc-owned Google’s outlay for India — nearly double the $5.7 billion investment made

Country needs policy actions to overcome COVID-19 shocks: experts

BSS Speakers at a dialogue here yesterday said Bangladesh needs to quickly design and roll out policy actions and reforms on long-standing issues holding back private investment to effectively address the unfolding impact of COVID-led economic shocks. In order to boost the investment climate in the country to help stimulate recovery