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Local startups shine attracting more foreign investment

Local startups shine attracting more foreign investment
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FDI edges down for first time in 7yrs

FDI edges down for first time in 7 years
Photo: LINKEDIN
Foreign direct investment to Bangladesh dropped last fiscal year, the first decline in seven years, because of the pandemic-induced slowdown in business and regulatory barriers.
Net FDI nosedived 39 per cent year-on-year to $2.37 billion last fiscal year, data from the central bank showed.
The about-face in the FDI came just a year after it surged to its highest on record, riding mainly on Japan Tobacco Inc s acquisition of Akij Group s tobacco business for $1.47 billion. In 2018-19, net FDI stood at $3.88 billion.
Although the financial meltdown caused by the coronavirus pandemic has taken a toll on the FDI flow, the whole situation should not be judged by the ongoing economic hardship alone, analysts say. ....

Muallema Choudhury , Mustafizur Rahman , Mamun Rashid , Akij Group , International Monetary Fund , Brummer Partners Bangladesh Ltd , Centre For Policy Dialogue , Japan Tobacco Inc , Bangladesh Bank , World Investment Report , United Nations Conference , முஸ்தபிஜூர் ரஹ்மான் , மாமுங் ரஷித் , சர்வதேச பண நிதி , பிரும்மேற் கூட்டாளர்கள் பங்களாதேஷ் லிமிடெட் , மையம் க்கு பாலிஸீ உரையாடல் , ஜப்பான் புகையிலை இன்க் , பங்களாதேஷ் வங்கி , உலகம் முதலீடு அறிக்கை , ஒன்றுபட்டது நாடுகள் மாநாடு ,