$ 1,700m fdi received last year _ financial express _ financial newspaper of ban

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$ 1,700m FDI received last year :: Financial Express :: Financial Newspaper of Bangladesh http://www.thefinancialexpress-bd.com/index.php?ref=MjBfMDZfMDdfMTNfMV84OV8xNzE5NzA=[10/25/2013 5:52:59 PM] Detailed DSE Trading « Previous News Next News » VOL 20 NO 157 REGD NO DA 1589 | Dhaka, Friday, June 07 2013 Home METRO/NEWS POLITICS & POLICIES TRADE & MARKET VIEWS & REVIEWS EDITORIAL LETTER TO EDITOR FE INSIDE Home FIRST PAGE LAST PAGE POLITICS & POLICIES EDITORIAL LETTER TO EDITOR SPORTS WORLD REVIEWS & PREVIEWS STOCK & CORPORATE TRADE & MARKET COUNTRY VIEWS & OPINION METRO FE Epaper FE ARCHIVE Go STOCK & CORPORATE Print $ 1,700m FDI received last year Published : Friday, 07 June 2013 FE Report Finance Minister AMA Muhith in his budget speech said Thursday that the foreign direct investment (FDI) was US$ 1,700 million in 2012. In calendar year 2011, FDI flow stood at USD 1,136 million, he added. "We have made significant progress in augmenting investments," the minister said. The Board of Investment (BoI) has submitted two encouraging reports on FDI. The FDI flow has increased over the last two years, he said. Muhith said in the current year, however, the private investors are a bit hesitant because of the upcoming election-related political tensions. This might lower down private investment. But, with the increase of public investment this year, the investment GDP ratio will move up to 26.85 per cent which is the highest ever ratio so far, he commented. In the past, the government extended a number of facilities for investment of undisclosed income which did not yield any tangible outcome. "We must remember that we are not a self-sufficient island. We have fared better than our neighbors in the wake of global financial crisis and its aftermath. I have already talked about PPP," he said. The current regulatory regime stipulates that such undisclosed income can be invested by paying extra 10 per cent tax together with applicable tax rates which may come around 2.5 percent of income. Considering the difficult period experienced last year the government has allowed special facilities for investing in plots or flats, he said. "Besides, we have enhanced the tax rebate facilities for investment by firms or individuals to a large extent i.e. 15 per cent tax rebate will be allowed for investment of 30 per cent of income.," Muhith said. More News DSE, CSE hail proposed budget UCB approves 10pc cash dividend Investors book marginal profit 60pc SD on imported chips proposed Tk 277.43b funds allocated for interest payments New MD & CEO of Pragati Life Ins India's Reliance plans $26b investment over 3 years corporate watch WB launches Bangladesh Enterprise Survey 2013 Communication, transport sector gets Tk 205.96b Tk 34.06b allocated for water, shipping Meghna Cement holds AGM, approves 25pc dividend DSE news in brief ICAB seminar on economic reporting ICB AMCL discloses NAV of MFs Most Viewed News Six expats killed in Sharjah fire Pay structure for BB, SoBs proposed Forex reserve crosses $ 15b mark weather 8th wage board award this month: Inu 1JANATAMF 5.50 -0.10 -1.79% 1STICB 910.00 11.00 1.22% 1STPRIMFMF 18.90 -0.10 -0.53% 2NDICB 229.00 -0.50 -0.22% 3RDICB 179.00 -1.00 -0.56% 6THICB 44.20 -0.20 -0.45% 8THICB 48.20 -0.70 -1.43% AAMRATECH -1.20 -3.93 The Financial Express Like 6,640 ShareThis Facebook Google + Tweet Email

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Page 1: $ 1,700m FDI received last year _ Financial Express _ Financial Newspaper of Ban

$ 1,700m FDI received last year :: Financial Express :: Financial Newspaper of Bangladesh

http://www.thefinancialexpress-bd.com/index.php?ref=MjBfMDZfMDdfMTNfMV84OV8xNzE5NzA=[10/25/2013 5:52:59 PM]

Detailed DSE Trading

« Previous News Next News »

VOL 20 NO 157 REGD NO DA 1589 | Dhaka, Friday, June 07 2013

Home METRO/NEWS POLITICS & POLICIES TRADE & MARKET VIEWS & REVIEWS EDITORIAL LETTER TO EDITOR

FE INSIDE

Home

FIRST PAGE

LAST PAGE

POLITICS & POLICIES

EDITORIAL

LETTER TO EDITOR

SPORTS

WORLD

REVIEWS & PREVIEWS

STOCK & CORPORATE

TRADE & MARKET

COUNTRY

VIEWS & OPINION

METRO

FE Epaper

FE ARCHIVE

Go

STOCK & CORPORATE

Print

$ 1,700m FDI received last yearPublished : Friday, 07 June 2013

FE Report

Finance Minister AMA Muhithin his budget speech saidThursday that the foreigndirect investment (FDI) wasUS$ 1,700 million in 2012. Incalendar year 2011, FDI flowstood at USD 1,136 million,he added.

"We have made significantprogress in augmentinginvestments," the minister said. The Board of Investment (BoI) has submittedtwo encouraging reports on FDI. The FDI flow has increased over the last twoyears, he said.

Muhith said in the current year, however, the private investors are a bithesitant because of the upcoming election-related political tensions.

This might lower down private investment. But, with the increase of publicinvestment this year, the investment GDP ratio will move up to 26.85 per centwhich is the highest ever ratio so far, he commented.

In the past, the government extended a number of facilities for investment ofundisclosed income which did not yield any tangible outcome.

"We must remember that we are not a self-sufficient island. We have faredbetter than our neighbors in the wake of global financial crisis and itsaftermath. I have already talked about PPP," he said.

The current regulatory regime stipulates that such undisclosed income can beinvested by paying extra 10 per cent tax together with applicable tax rateswhich may come around 2.5 percent of income.

Considering the difficult period experienced last year the government hasallowed special facilities for investing in plots or flats, he said.

"Besides, we have enhanced the tax rebate facilities for investment by firms orindividuals to a large extent i.e. 15 per cent tax rebate will be allowed forinvestment of 30 per cent of income.," Muhith said.

Bengalinews natunbarta Sangbad Newstoday PratidinSunJJDIN ittefaq samakal jobsinbd Jugantor orangebd banglamail

More News

DSE, CSE hail proposed budget

UCB approves 10pc cash dividend

Investors book marginal profit

60pc SD on imported chips proposed

Tk 277.43b funds allocated for interest payments

New MD & CEO of Pragati Life Ins

India's Reliance plans $26b investment over 3

years

corporate watch

WB launches Bangladesh Enterprise Survey 2013

Communication, transport sector gets Tk 205.96b

Tk 34.06b allocated for water, shipping

Meghna Cement holds AGM, approves 25pc

dividend

DSE news in brief

ICAB seminar on economic reporting

ICB AMCL discloses NAV of MFs

Most Viewed News

Six expats killed in Sharjah fire

Pay structure for BB, SoBs proposed

Forex reserve crosses $ 15b mark

weather

8th wage board award this month: Inu

1JANATAMF 5.50 -0.10 -1.79%

1STICB 910.00 11.00 1.22%

1STPRIMFMF 18.90 -0.10 -0.53%

2NDICB 229.00 -0.50 -0.22%

3RDICB 179.00 -1.00 -0.56%

6THICB 44.20 -0.20 -0.45%

8THICB 48.20 -0.70 -1.43%

AAMRATECH -1.20 -3.93

The Financial Express

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Page 2: $ 1,700m FDI received last year _ Financial Express _ Financial Newspaper of Ban

$ 1,700m FDI received last year :: Financial Express :: Financial Newspaper of Bangladesh

http://www.thefinancialexpress-bd.com/index.php?ref=MjBfMDZfMDdfMTNfMV84OV8xNzE5NzA=[10/25/2013 5:52:59 PM]

« Previous News Next News »

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