Khalid Umar Malik
01 Aug 2022, 17:37 GMT+10
WASHINGTON DC, USA - According to a recent U.S. Department of State report, corruption remains a significant barrier to attracting foreign investment in Bangladesh, despite gradual progress in reducing some constraints.
According to the report, slow adoption of dispute resolution methods and sluggish judicial processes hamper contract enforcement and business dispute resolution. The report also said that scarcity of land, depleting natural gas reserves, and insufficient power distribution remained major impediments to investment.
Bangladesh has made incremental progress in reducing some investment constraints, such as taking steps to improve the reliability of electricity. Still, inadequate infrastructure, limited financing instruments, bureaucratic delays, poorly enforced labor laws, and corruption continue to thwart foreign investment, according to "The 2022 Investment Climate Statement," released Thursday.
Get a daily dose of Philadelphia Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Philadelphia Herald.
More InformationNEW DELHI, India: After a decline in prices reaching a 2-year low encouraged investors to purchase silver in 2022, India's ...
NEW YORK CITY, New York: The American hedge fund Third Point has purchased a stake worth some $1 billion in ...
NEW YORK, New York - Investors were divided on Thursday as to where to send U.S. stocks. Jitters about inflation, ...
WELLINGTON, New Zealand: During his visit to New Zealand, Ambassador Sujiro Seam, Head of the Delegation of the European Union ...
BANGKOK, Thailand: Instant noodle makers have asked Thailand to allow them to increase their prices to meet rising costs, which ...
NEW YORK, New York - U.S. industrial stocks interrupted their five-day rally on Wednesday with all the major indices losing ...
DHAKA, Bangladesh - Michelle Bachelet has urged the Bangladesh government to establish an independent investigation into allegations of enforced disappearances. ...
LONDON, England: Despite a legal challenge in London's High Court in early September, the UK government is continuing to pursue ...
NEW DELHI, India: During his national day address this week, Prime Minister NarendraModi said India will seek to become a ...
LONDON, England: The cap on flight departures from London's Heathrow Airport will beextended until October 29, airport officials announced.Heathrow capped ...
BERLIN, Germany: Highlighting Berlin's increasing focus on assisting in the Indo-Pacific region amidst rising tensions with China over Taiwan, Germany ...
PARIS, France: French firefighters have stopped the spread of a "monster" wildfire in the country's southwest, allowing the reopening of ...