Archive for the ‘Foreign direct investment(FDI)’ Category

Effective economic diplomacy amid crisis

Posted: ফেব্রুয়ারি 19, 2009 in Economics, Foreign direct investment(FDI)

While Economic Diplomacy is something of a buzz phrase these days in policy circles, its importance has undoubtedly grown in a face of a global financial crisis that is expected to intensify over the balance of 2009.

The term can cover a wide range of activities of government, from specialist agencies domestically to the role of our embassies overseas in promoting the economic interests of Bangladesh overseas. (বিস্তারিত…)

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Bangladesh holds out hope for FDI in 11 sectors

Posted: ফেব্রুয়ারি 18, 2009 in Foreign direct investment(FDI)

Eleven sectors in Bangladesh deserve to receive foreign direct investment (FDI), said Asian Tiger Capital Partners (AT Capital) yesterday.

The sectors are energy, infrastructure, pharmaceutical, textiles, agriculture, healthcare, telecom, climate change, education, shipbuilding and light engineering, according to the financial institution focusing on private equity and venture capital. (বিস্তারিত…)

FDI rises 101pc in July-November

Posted: ফেব্রুয়ারি 4, 2009 in Foreign direct investment(FDI)

Foreign direct investment has marked a 101 rise but a fall in portfolio investment in the first five months of the current fiscal year.

The country’s external balance sheet witnessed a deficit of over $500million because of global currency market volatility stemming from the ongoing financial trauma.

The balance of payment was $77million surplus during July-November, 2007.

According to Bangladesh Bank (BB) January update, the FDI inflow stands at $480million during July-November, while the figure was $238million in the same period a year earlier.

The central bank sources consider the purchase of AKTEL’s 30 percent stake at $350million by a Japanese company a major factor behind the surge in Bangladesh’s FDI inflow in the backdrop of declining global FDI scenario.

On the contrary, portfolio investment dropped by $34 million, whereas it increased $45 million during the time last fiscal.

Many who used to make such investment have withdrawn their investments due to the present situation in the world economy.

Bankers have said that the overall balance deficit increased because exporters were either denied fair price for the commodities they sold out or their orders were cancelled. Frequent fluctuation in foreign currency rates also contributed to such a deficit.

BB data show $713million was deducted in the balance of payments, which was $384million last fiscal. The amount of difference between assets and liabilities in a balance of payment is usually deducted.

The daily star 05.02.2009

FDI proposals decline

Posted: জানুয়ারি 26, 2009 in Foreign direct investment(FDI)

Foreign direct investment (FDI) commitments were the lowest in 2008 both in terms of value and the number of proposals, according to Board of Investment (BoI) data.

Only 13 projects worth $60 million from intended foreign investors were registered with the BoI last year. Canada alone intended to invest about $53 million in one project.

Some 141 projects worth $327 million were registered in 2007.

Registration means an investment commitment by an intending investor, not actual investment. Registration is an official approval for expression of investment intent by an investor.

During registration, an entrepreneur submits an investment proposal to BoI to be implemented in a specified period.

The number of foreign investment proposals registered with BoI in 2006 was 166 worth $1,471 million. The number of proposals was 131 worth $3.8 billion in 2005.

“Investors want stable politics. The years 2007 and 2008 were volatile for domestic and foreign investors,” said a senior BoI official.

The daily star 26th january 2009