Bangladesh Bank has sold US dollar at Tk 101 each to banks for the first time, giving indication that it is likely to devalue the local currency to reflect the market reality.

Finance Minister AHM Mustafa Kamal today requested China-led Asian Infrastructure Investment Bank (AIIB) to extend more budget support and ease loan conditions the way the World Bank has done for Bangladesh.

The Asian Development Bank (ADB) has entered into a €10.8 million ($11.2 million) loan agreement with Envoy Textiles to fund a second yarn spinning unit at Envoy’s manufacturing plant in Mymensingh’s Bhaluka.

Prime Minister Sheikh Hasina today urged the Japanese businessmen to make larger investment in Bangladesh.

Robi yesterday announced that it would invest Tk 2.5 crore in digital start-ups who will make their way to the top of flagship digital entrepreneurship competition r-ventures 3.0.

The US companies are ready to invest in energy, particularly in liquified natural gas (LNG), to help Bangladesh grow further, a top US official said today.

Six Bangladeshi companies today signed a land lease agreement with the Bangladesh Economic Zone Authority (Beza) to invest $457 million at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and Sabrang Tourism Park in Cox's Bazar.

HZ Outdoor International Co Limited is going to set up a garments and bag manufacturing factory in Karnaphuli Export Processing Zone (KEPZ) with an investment of $6.03 million.

Big Dipper Textile Mills, which is owned by a Canada-China enterprise, will invest $91.15 million in the Ishwardi Export Processing Zone (IEPZ) to set up a textile factory. 

The National Advisory Board (NAB), a committee that guides impact investment in Bangladesh, has unveiled a strategic action plan to attract local and global investment, particularly from the private sector, to help fund sustainable development in the country.

Foreign investors will be increasingly interested in considering Bangladesh as a better place for investment, with the Padma Bridge expanding connectivity both within the country and beyond and improving supply chains, said the Nordic Chamber of Commerce and Industry (NCCI) in Bangladesh. 

Parking money in banks is no longer attractive as surging inflation is eating away 2.2 per cent of savings in real terms, effectively discouraging depositors, states an analysis of the Centre for Policy Dialogue (CPD). 

Small investments in the cottage and micro sectors are playing an important role in employment generation and sustainable development of the country, said Bangladesh Bank Governor Fazle Kabir at a conference.

Commerce Minister Tipu Munshi today highlighted the investment opportunities in Bangladesh before the representatives of Nordic countries and said this is the high time to invest in the south Asian nation.

South Korean company HKD Bangladesh Ltd is going to establish an industry to manufacture tent, tent accessories, camping furniture and camping equipment in Bepza Economic Zone.

South Korean conglomerate Samsung Group on Tuesday unveiled a massive 450 trillion won ($356 billion) investment blueprint for the next five years aimed at making it a frontrunner in a wide range of sectors from semiconductors to biologics.

Envoy Textiles is going to set up an eco-efficient lab facility in a joint venture with Spanish textile solutions provider Jeanologia to develop new products to cater to the global market for denim.

Cumilla Economic Zone (CEZ) has got final approval from the government as the 12th private economic zone in Bangladesh.

A Canada-China owned company will invest $5.74 million to set up a diversified product manufacturing plant in Bepza Economic Zone.

Walton Hi-Tech Industries PLC said today it has won the tender to procure more than 50 years long-established European brands ACC, Zanussi Elettromeccanica (ZEM) and Verdichter (VOE) from Italia Wanbao-ACC.