Economy
PM Hasina seeks robust Japanese investment in BD
Prime Minister Sheikh Hasina today (Dec 11, 2022) urged Japanese businessmen to make larger investments in Bangladesh.
“Bangladesh is a lucrative place for investment. Japanese private companies can invest in Bangladesh on larger scale,” she said.
The prime minister said this while outgoing Ambassador of Japan to Bangladesh ITO Naoki paid a courtesy call to her at the official Ganabhaban residence here.
The Japanese envoy highly appreciated the socioeconomic advancement of Bangladesh under the dynamic and visionary leadership of prime minister Sheikh Hasina, hoping that the development would be continued in the days ahead.
“Peace, discipline, stability and democratic process alongside the socio-economic development in Bangladesh will be continued under the leadership of Prime Minister Sheikh Hasina,” he hoped.
PM’s Deputy Press Secretary KM Shakhawat Moon briefed the newsmen after the meeting.
The prime minister hoped that the bilateral trade between Bangladesh and Japan would be enhanced further.
She appreciated Japan’s support in implementing mega projects of Bangladesh such as Matharbari Deep Seaport, third terminal of Shahjalal International Airport in Dhaka and Dhaka Metro rail.
The premier has sought continuous support from Japan in Bangladesh’s development while the Japanese envoy assured of always staying beside Bangladesh in its development efforts.
Sheikh Hasina has also sought Japanese cooperation in developing a dedicated tourist place for foreigners in Bangladesh.
The Japanese envoy described it as good initiative and expressed eagerness to cooperate.
During the meeting, they also talked about Rohingya issues and said the forcibly displaced Rohingyas have become huge burden for Bangladesh and they should return to their country.
The prime minister appreciated Japanese cooperation in developing the Bhashanchar for relocating the Rohingyas.
She greeted the Japanese envoy for the successful completion of his tenure in Bangladesh and his role in enhancing bilateral trade between the two countries.
The Japanese envoy said the foundation of relationship between Bangladesh and Japan had been laid through Father of the Nation Bangabandhu Sheikh Mujibur Rahman’s visit in 1973.
PM’s Principal Secretary Md Tofazzel Hossain Miah was present.
Chief Adviser Prof Muhammad Yunus on Thursday paid tribute to the Armed Forces Division by placing a floral wreath at its headquarters.
Prof Yunus, who visited the division as part of his official duties, laid the wreath to honor the sacrifices and dedication of the members of the Armed Forces.
Following the wreath-laying ceremony, he signed the visitor’s book.
Chief Election Commissioner (CEC) Kazi Habibul Awal, along with four other election commissioners, announced their resignation during a press conference today at the Election Commission (EC) building. The resignation follows growing speculation and pressure.
CEC Awal stated, “In this changed situation, I and other commissioners have decided to step down. We’re handing over our resignation letters to the EC Secretary to send it to the President.” After submitting the letters, the CEC and some commissioners quickly left the premises, with no clear explanation for the absence of two election commissioners.
The resignations come amid increasing unrest tied to the registration of political parties such as Nagarik Oikya and Gono Odhikar Parishad. Sources revealed the CEC felt unsafe due to aggressive behavior from activists, prompting the decision to step down.
Protesters outside the EC building hurled shoes at vehicles carrying Election Commissioners Rashida Sultana, Md Alamgir, and Anisur Rahman as they left. Meanwhile, preparations for their exit had already been underway, with the commissioners reportedly relocating personal belongings from their offices.
The commission, appointed in February 2022 for a five-year term, had previously expressed confusion over demands for their resignation, maintaining they had conducted fair elections. However, internal discussions led to the collective decision to resign earlier than expected.
The government will now purchase LNG from the international spot market through open tender instead of negotiation.
Cabinet Committee on Economic Affairs (CCEA) in a meeting on Wednesday in principle approved a proposal in this regard.
Adviser of the interim government for Finance Dr. Salehuddin Ahmed, who presided over the meeting, said that the government will procure LNG through open tender.
The Energy and Mineral Division of the Ministry of Power, Energy and Mineral Resources placed the proposal where it sought approval to import LNG from 23 listed companies in the international spot market.
The adviser said that though such 23 companies were enlisted by the previous Awami League government and signed Master Sales and Purchase Agreement, they will remain unchanged.
He said that instead of applying the Speedy Increase of Energy and Power Supply (Special) Act 2010, the interim government will follow the Public Procurement Rules 2008 to ensure the competitive bidding process.
“We don’t want to change them as we wanted to import LNG quickly, ensuring proper competition among the suppliers,” he told reporters.
Committee also approved another proposal in principle to sign a contract to import urea fertiliser for the 2024-25 fiscal year from Fertiglobe Distribution Limited, UAE, on a G-to-G basis.
Meanwhile, the Cabinet Committee on Government Procurement (CCGP) in a meeting, presided over by the Adviser for Finance, approved 3 proposals for import of lentil and fertiliser.
As per the proposal, the Trading Corporation of Bangladesh will procure 10,000 metric tons (MT) of lentil from local firm Sahara Enterprise at a cost of Tk 98.20 crore with each kg priced at Tk 98.20.
The Commerce Ministry which moved the proposal on behalf of the TCB in the meeting mentioned in the proposal that the supplier firm was selected through open tender.
The CCGP approved two separate proposals of the Industries Ministry under which Bangladesh Chemical Industries Corporation will import 30,000 MT of bulk granular urea fertiliser from Fertiglobe Distribution Limited, UAE, under state to state contract at a cost of Tk 121.48 crore.
Each metric ton of fertiliser will cost $343.17.
Another 30,000 MT of bagged granular urea fertiliser will be procured from the local Karnaphuli Fertilizer Company Limited (Kafco) at a cost of Tk 116.99 crore with each metric ton costing $330.50.
