Regional & International Economy

Foreign companies that took part in the Bangladesh Trade and Investment Summit 2021 have shown interest to invest $1.16 billion in the country, according to the organisers of the event, which concluded on Sunday. “We received expressions of interest for foreign investment, particularly in the infrastructure sector, which we will …

Another overseas support for the cottage, micro, small and medium enterprises (CMSMEs) is coming from the Asian Development Bank to facilitate the post-Covid recovery of the ailing industries. The Manila-based lender will provide US$150 million worth of loans for supporting the country’s CMSMEs for the economic recovery shortly, said an …

Prime Minister Sheikh Hasina has a modernistic approach towards businesses, which is essential for foreign direct investment, Salman F Rahman Adequate reforms have been introduced in the field of foreign investment in Bangladesh under the dynamic leadership of Prime Minister Sheikh Hasina. “She has a modernistic approach towards businesses, which …

The Government of Bangladesh and the Exim Bank of China signed a loan agreement of $1126.99 million loan on Tuesday to implement the “Construction of Dhaka-Ashulia Elevated Expressway” project. Additional Secretary of Economic Relations Division Shahriar Kader Siddiky and Deputy General Manager of Exim Bank of China Zhang Tianqin signed …

The International Monetary Fund (IMF) has emphasised continuing reforms to make Bangladesh’s economy more resilient and resuming progress towards the authorities’ ambition of reaching upper middle-income status. “In the past decade, Bangladesh achieved impressive economic growth and social development, making steady progress in reducing poverty and across many indicators of …

Driven by economic and social sector success in the last decade, Bangladesh has been one of the world’s most resilient economies and is projected to grow further to become a higher middle-income nation in the next decade. Enviable success in poverty reduction, increased participation of women in the labour force …

The government has framed draft rules to allow local firms to set up subsidiaries or buy shares in companies in other countries with a view to facilitating investment abroad. As per the draft, exporters will be able to invest as much as 20 per cent of their five-year average annual …

Malaysia will let foreign workers back into the country after an almost 16-month hiatus due to the Covid-19 pandemic, and allow some tourists back to its resort island of Langkawi, its prime minister said on Friday. The agreement reached by the government’s pandemic taskforce on foreign workers has been hotly …

Companies worldwide go beyond their home markets to achieve economies of scale, source raw materials cheaply, lower costs and capture new markets. Similarly, many Bangladeshi firms are expanding abroad to find larger markets for their products and services and power their next phase of growth. Their success will depend on …

The international summit is going to be organized marking the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and Bangladesh’s Golden Jubilee of Independence The weeklong Bangladesh Trade and Investment Summit-2021 will begin on October 26, bringing together top policymakers, business leaders and investors from across the …