Saturday, May 26, 2018 | ePaper

S'pore plans big investment in Bangladesh: Envoy

  • Print
UNB, Dhaka :
Singapore is looking for investment in a bigger way in Bangladesh as the world is beginning to take notice of "very strong economic opportunities in Bangladesh", says a Singaporean diplomat.
"There's strong interest, there's growing interest," Head of Singapore Consulate in Dhaka Darryl Lau told UNB in an interview at his office indicating significant new investment in Bangladesh.
The strong and very consistent growth profile of Bangladesh has attracted Singapore to engage deeply with Bangladesh like other countries of the world, said the Consul at the Singapore Consulate here.
He said, a very strong business delegation of Singapore apex trade body comprising potential investors will visit Bangladesh next month (likely from July 8-13) for a week to explore areas for investment, especially in infrastructure, power and energy and shipping.
"They'll meet various economic players in Bangladesh and business leaders in Dhaka and Chittagong apart from meetings with relevant Ministers and Bangladesh Investment Development Authority (BIDA)," said Darryl Lau.       
Responding to a question, the diplomat who will be leaving Dhaka after Eid-ul-Fitr, said Bangladesh consistently remains Singapore's important trading partner. "As far as trade is concerned, the relationship is very strong."
Asked about investment climate in Bangladesh, Darryl Lau said countries all over the world compete for investment and companies will navigate towards those countries which are welcoming having clean set of rules, strong rule of law and stable policies.
"All investors will hope to see such kind of parameters being well-established in Bangladesh," the diplomat said adding that significant steps are taken by the government to that direction. He, however, said there is always room for improvement.

More News For this Category

Let people know what efforts made to sign Teesta deal

UNB, Dhaka :BNP secretary general Mirza Fakhrul Islam Alamgir on Friday said people want to know what efforts Prime Minister Sheik Hasina has made to sign Teesta water-sharing deal

BD, India can solve any problem: PM

UNB, Santiniketan :Terming Bangladesh-India ties beyond strategic, Prime Minister Sheikh Hasina on Friday hoped that the two countries will be able to solve their any problem maintaining their bonds."I

A mobile court led by a magistrate raided Kaptan Bazar meat shops in the city fined Taka four lakhs for selling rotten beef and also at a high price violating govt fixed rate. This photo was taken on Friday.

A mobile court led by a magistrate raided Kaptan Bazar meat shops in the city fined Taka four lakhs for selling rotten beef and also at a high price violating govt fixed rate. This photo was taken on Friday.

.

Two persons were killed including driver on the spot when a goods laden pickup van hits a truck at Gul Ahmed Jute Mills area in Sitakunda on Friday.

Two persons were killed including driver on the spot when a goods laden pickup van hits a truck at Gul Ahmed Jute Mills area in Sitakunda on Friday.

.

Movie producer Weinstein to surrender on sex assault charges

Reuters, New York :Film producer Harvey Weinstein was expected to surrender to authorities in New York on Friday, months after he was toppled from Hollywood's most powerful ranks by

Move to amend poll code rules a conspiracy: Moudud

Staff Reporter :BNP Standing Committee Member Barrister Moudud Ahmed on Friday accused the Election Commission of being subservient to the Awami League interests by amending the Election Code of

Will name it 'Survival' if any film made on Rohingya kids: Priyanka

UNB, Dhaka :An actor, a singer, a producer, an artist, a philanthropist - you name it, Priyanka Chopra, the former Miss World, has already done it.Priyanka, also Goodwill Ambassador

Fear Allah

Fear Allah

Abdul Muqit Chowdhury :The Holy Quran reveals : This is the Book ; /in it is guidance sure, without doubt, /to those who fear God;/who believe in the Unseen/Are

Poet Nazrul's birth anniv celebrated

Poet Nazrul's birth anniv celebrated

UNB, Dhaka :The 119th birth anniversary of National Poet Kazi Nazrul Islam was celebrated in the country on Friday in a befitting manner.Born on May 25, 1899 at village

Vegetables, fish price still high despite huge supply

Staff Reporter :The price of vegetables, fish, meat and fruits is higher in the city markets despite plenty of supply. The price will, however, come down gradually, said a