$ 1,700m FDI received last year :: Financial Express :: Financial Newspaper of Bangladesh

VOL 20 NO 157 REGD NO DA 1589 | Dhaka, Friday, June 07 2013

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$ 1,700m FDI received last year

Published : Friday, 07 June 2013

EDITORIAL
LETTER TO EDITOR

in his budget speech said

Thursday

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Finance Minister AMA Muhith

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that

the

foreign

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years
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direct investment (FDI) was

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US$ 1,700 million in 2012. In

Communication, transport sector gets Tk 205.96b

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calendar year 2011, FDI flow

Tk 34.06b allocated for water, shipping

stood at USD 1,136 million,

Meghna Cement holds AGM, approves 25pc

he added.

dividend

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"We have made significant

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progress

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in

augmenting

investments," the minister said. The Board of Investment (BoI) has submitted
two encouraging reports on FDI. The FDI flow has increased over the last two
years, he said.
Muhith said in the current year, however, the private investors are a bit
hesitant because of the upcoming election-related political tensions.
This might lower down private investment. But, with the increase of public
investment this year, the investment GDP ratio will move up to 26.85 per cent
which is the highest ever ratio so far, he commented.
In the past, the government extended a number of facilities for investment of
undisclosed income which did not yield any tangible outcome.

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"We must remember that we are not a self-sufficient island. We have fared
Go

better than our neighbors in the wake of global financial crisis and its
aftermath. I have already talked about PPP," he said.

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Considering the difficult period experienced last year the government has
allowed special facilities for investing in plots or flats, he said.

The Financial Express

"Besides, we have enhanced the tax rebate facilities for investment by firms or
individuals to a large extent i.e. 15 per cent tax rebate will be allowed for
investment of 30 per cent of income.," Muhith said.

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$ 1,700m FDI received last year :: Financial Express :: Financial Newspaper of Bangladesh

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Editor : Moazzem Hossain,

Published by the Editor for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road,
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