Nine foreign and domestic firms are going to invest $55 million in Bangladesh’s hi-tech parks to set up manufacturing units for a number of products, including semiconductors, digital devices, and medical equipment.

Non-resident Bangladeshis (NRBs) can invest easily in the capital market as the government allows free inflow and outflow of funds of diaspora community, said a top official of Bangladesh Securities and Exchange Commission (BSEC) today.

Foreign direct investment (FDI) from China to Bangladesh has jumped by about 200 per cent year-on-year to $418 million in the past seven months, according to Chinese ambassador Li Jiming.

China will not invest in coal-based power plants in Bangladesh anymore, Chinese Ambassador Li Jiming said today.

Prime Minister Sheikh Hasina, while speaking at a press conference after a civic reception in New York, urged Bangladeshi expatriates in the USA to take her government’s attractive offers and invest in their motherland.

Asian investors trod carefully on Wednesday but nerves appeared to be settled by news that troubled Chinese property giant Evergrande had agreed a plan to repay interest on one of its key bonds, for now avoiding a default that many fear could hammer the domestic and global economy.

The stock market regulator’s initiatives such as roadshows in various countries to bring in investments appear to have produced no significant positive outcome as foreign investors reduced their stakes in the listed companies to book profits.

International Finance Corporation (IFC) is going to invest $2.5 million in online platform Truck Lagbe to connect people and corporate customers with truck owners and drivers through an app and a website in Bangladesh.

Bangladesh and Australia yesterday signed the Trade and Investment Framework Arrangement (Tifa) to attract investment and eliminate trade barriers between the two countries.

Tech-based transportation platform Jatri has raised $1.2 million, or nearly Tk 10.03 crore, in its latest round of fund-raising to expand its operations across the country.

With investment stagnating at a dismal level and foreign direct investment hovering around $2.5 billion annually, the government is going to hold a summit in a bid to attract foreign investors and break the current stalemate.

Bangladesh Investment Development Authority (BIDA) is going to organise a two-day investment summit from November 28 to focus on the development of the investment environment in the country.

The small and medium enterprises (SMEs) can now raise up to Tk 30 crore from the capital market.

Al Mahmud, who hails from Raiganj upazila of Sirajganj, went to Bahrain as a migrant worker 10 years ago.

Bangladesh Jute Mills Corporation (BJMC) has received around 55 proposals from home and abroad till date seeking to invest in 25 state-run jute mills shuttered in July 2020 for modernisation, said BJMC Chairman Md Abdur Rouf yesterday.

Local garment makers yesterday sought Spanish investment in non-cotton textile items as the demand for apparel items manufactured from man-made fibre (MMF) is on the rise.

DBL Group, one of the leading exporters, is going to invest $650 million to set up 10 manufacturing units for textiles, ceramics, and sanitary ware at the Sreehatta Economic Zone in Moulvibazar.

Shares of Ifad Autos Ltd jumped 4.42 per cent at the Dhaka Stock Exchange yesterday after it announced its plan to invest Tk 80 crore in one of its sister concerns.

City Group, one of the country’s leading consumer goods processor and manufacturer, is to going to build a hi-tech park investing Tk 5,000 crore to manufacture technology products such as microprocessors, chips, circuits, mobile phones and laptops.

Japanese Ambassador to Bangladesh Ito Naoki urged the Bangladesh government to provide cash incentives to the foreign investors in the country.