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US and European firms shifting investments away from China
US and European companies are redirecting their investments away from China to other developing markets, according to a report by Rhodium Group. The primary recipients of this redirected foreign capital are India, followed by Mexico, Vietnam, and Malaysia. Despite China’s increasing share of global growth, concerns about its business environment, economic recovery, and politics are […]
BY Insider Desk
Chinese company to invest $19.5million in Bangladesh
QSL.S Garments Co Ltd, a Chinese firm, is gearing up to establish a new ready-made garment (RMG) factory in the Mongla Export Processing Zone located in Bagerhat. This fully foreign-owned company plans to manufacture a whopping 6 million pieces of woven and knit clothing annually. Their product lineup includes shirts, T-shirts, jackets, pants, and shorts, […]
BY Insider Desk
Summit Group to invest $3 billion in clean energy
Bangladesh’s Summit Group is making a significant move towards clean energy by planning a $3 billion investment in solar, wind, and hydroelectricity generation projects in South Asia. The Chairman of Summit Power International, Aziz Khan, revealed this strategy, emphasizing the shift away from fossil fuels. Summit Power International, the Singapore-based holding company for all of […]
BY Insider Desk
Japanese companies eager to expand in Bangladesh
Around 72% of Japanese firms in Bangladesh plan business growth in 1-2 years, according to a Jetro survey. This statistic positions Bangladesh as the second most attractive country in the Asia and Oceania regions for Japanese companies seeking business growth. The survey findings were presented at the Gulshan office of the Metropolitan Chamber of Commerce […]
BY Insider Desk
Govt considering Maersk Group’s investment proposal for a new container port in Ctg
The government of Bangladesh is contemplating an investment proposition put forth by the Danish shipping and logistics behemoth, AP Moller Maersk. This proposal centers around developing and operating a state-of-the-art container terminal at Chattogram Port’s Laldia. APM Terminals, a subsidiary of the Danish shipping giant AP Moller Maersk and a global player in the ports […]
BY Insider Desk