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Malaysia 3rd largest investor, after US & UK |
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September 4, 2000
Dhaka, --- Board of Investment (BOI) has so far registered 34 projects with cent percent Malaysian investment or on joint venture, involving US dollars 1.32 billion. This was informed by BOI executive chairman M Mokammel Haque when a visiting Malaysian private sector delegation led by Raja Syed Razlan Jamalullai met him at his office yesterday. Haq also informed that Malaysian investment in Bangladesh ranks 3rd among the foreign investment countries in respect of volume after USA and UK. The BOI chief sought further Malaysian investment in Bangladesh, especially in the field of power generation, oil, gas and mineral exploration, computer software application, telecommunication, textile, tourism development and transportation. Appreciating the policy framework, legal measures as well as fiscal incentives packages offered by the government to attract FDI, the Malaysian team leader said they have come to explore possibilities of Malaysian investment in Bangladesh. Jamalullai said Bangladesh as a developing nation came into world focus for its remarkable performance in the socio-economic field. Member of the delegation M Razif Abdul Kadir, director general of an Offshore Financial Services, explained the offshore banking facilities in Labuan, Malaysia and hoped that the businessman of Bangladesh would take advantage of their services. Malaysian High Commissioner in Bangladesh Dr M Yusof Ahmed was present, said a BOI press release. |