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.