Country’s corporate bigwigs are keen to join the summit while a band of delegates from regulatory authorities and former diplomats and a top envoy of Prime Minister Sheikh Hasina are also due to attend it. “This is a big show for Bangladesh to showcase legal aspects and amenities opened for foreign investors,” said Ali Reza Iftekhar, chairman of Association of Bankers Bangladesh and managing director of Eastern Bank Ltd, on Sunday. He joined the summit last year and would also join this summit along with the local corporate leaders. Iftekhar observed that this summit could pave the way for a long-term impact on attracting FDI as the country is thrust for industrial as well as infrastructural investment. Securities and Exchange Commission member Arif Khan said the summit is trying to brand Bangladesh as a hub of foreign investors by upholding positive economic and social indicators to Asian and other global investors. “Bangladesh is doing very well in various social and economic areas but their exposure to global media were not much emphasised. On the other hand, financial scandals like Hallmark forgery and Rana Plaza collapse and Tazreen fire were widely exposed portraying the country in a negative way,” he told daily sun. “The country by now obtained tremendous successes in several areas—its economy maintains steady growth of around 6 percent for the last one decade, human indicator stands higher than India while extreme poverty has been cut significantly. The banking sector is stable now while gas and electricity supply scenario has improved…these can be incredible to foreign investors to come and invest in Bangladesh.” Arif said the summit is unique of its kind for investors to meet with country’s leading regulators, banks and corporations to discuss investment climate and ways to deploy money and return yields. As one of the key speakers at the upcoming summit, he said the second summit examines trade and investment opportunities for Asia-based asset managers, private banks, family businesses, private equity firms and corporations in Bangladesh’s emerging market. According to organisers’ web portal, key topics to be addressed at the summit includes the mapping of growth, risks and regulatory landscape, unravelling country’s fiscal budget on domestic and foreign investors, RMG industry and export sector, mapping infrastructure projects and harnessing financing, discussion on business climate, Bangladesh Bank’s framework for developing access routes for foreign investors, capital market, equity market, recent tax implications and development of the bond market. Portfolio managers from regional and global asset managers, institutional investors, private banks, CEOs, MDs, CFOs and other senior management officials from Bangladesh-based corporations and heads of research from Asia-based securities and brokerage houses, rating agencies, government representatives and multilateral financiers are expected to join the summit. PM’s foreign affairs adviser Gowher Rizvi, World Bank country director for Bangladesh, Bhutan and Nepal of Johannes Zutt, former ambassador and Bangladesh Enterprise Institute president and CEO Farooq Sobhan, The Daily Star editor Mahfuz Anam, co-deputy editor of FinanceAsia Nick Ferguson, Standard Chartered Bangladesh CEO Jim McCabe, Standard & Poor’s associate director (sovereign and international public finance ratings) Agost Benard, Moody’s Investors Service vice-president/senior analyst (sovereign risk group) Christian De Guzman, SwissPro Invest co-founder and managing director Christian Forthuber, Prince Street Capital founder, chief investment officer and portfolio manager David Halpert, PMO’s PPP office CEO Syed Afsor H Uddin and Deshbandhu Group chairman Golam Mostafa will attend the summit.
Monday, August 25, 2014
Bid to brand Bangladesh dream FDI destination:Daily Sun
Country’s corporate bigwigs are keen to join the summit while a band of delegates from regulatory authorities and former diplomats and a top envoy of Prime Minister Sheikh Hasina are also due to attend it. “This is a big show for Bangladesh to showcase legal aspects and amenities opened for foreign investors,” said Ali Reza Iftekhar, chairman of Association of Bankers Bangladesh and managing director of Eastern Bank Ltd, on Sunday. He joined the summit last year and would also join this summit along with the local corporate leaders. Iftekhar observed that this summit could pave the way for a long-term impact on attracting FDI as the country is thrust for industrial as well as infrastructural investment. Securities and Exchange Commission member Arif Khan said the summit is trying to brand Bangladesh as a hub of foreign investors by upholding positive economic and social indicators to Asian and other global investors. “Bangladesh is doing very well in various social and economic areas but their exposure to global media were not much emphasised. On the other hand, financial scandals like Hallmark forgery and Rana Plaza collapse and Tazreen fire were widely exposed portraying the country in a negative way,” he told daily sun. “The country by now obtained tremendous successes in several areas—its economy maintains steady growth of around 6 percent for the last one decade, human indicator stands higher than India while extreme poverty has been cut significantly. The banking sector is stable now while gas and electricity supply scenario has improved…these can be incredible to foreign investors to come and invest in Bangladesh.” Arif said the summit is unique of its kind for investors to meet with country’s leading regulators, banks and corporations to discuss investment climate and ways to deploy money and return yields. As one of the key speakers at the upcoming summit, he said the second summit examines trade and investment opportunities for Asia-based asset managers, private banks, family businesses, private equity firms and corporations in Bangladesh’s emerging market. According to organisers’ web portal, key topics to be addressed at the summit includes the mapping of growth, risks and regulatory landscape, unravelling country’s fiscal budget on domestic and foreign investors, RMG industry and export sector, mapping infrastructure projects and harnessing financing, discussion on business climate, Bangladesh Bank’s framework for developing access routes for foreign investors, capital market, equity market, recent tax implications and development of the bond market. Portfolio managers from regional and global asset managers, institutional investors, private banks, CEOs, MDs, CFOs and other senior management officials from Bangladesh-based corporations and heads of research from Asia-based securities and brokerage houses, rating agencies, government representatives and multilateral financiers are expected to join the summit. PM’s foreign affairs adviser Gowher Rizvi, World Bank country director for Bangladesh, Bhutan and Nepal of Johannes Zutt, former ambassador and Bangladesh Enterprise Institute president and CEO Farooq Sobhan, The Daily Star editor Mahfuz Anam, co-deputy editor of FinanceAsia Nick Ferguson, Standard Chartered Bangladesh CEO Jim McCabe, Standard & Poor’s associate director (sovereign and international public finance ratings) Agost Benard, Moody’s Investors Service vice-president/senior analyst (sovereign risk group) Christian De Guzman, SwissPro Invest co-founder and managing director Christian Forthuber, Prince Street Capital founder, chief investment officer and portfolio manager David Halpert, PMO’s PPP office CEO Syed Afsor H Uddin and Deshbandhu Group chairman Golam Mostafa will attend the summit.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment