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S'pore to invest more in Bangladesh

Publication Date : 03-09-2012


Private sector investors of Singapore are looking at Bangladesh as an alternative destination for investment, a minister of the south-east Asian country said yesterday.

Zulkifli Masagos, senior state minister for foreign and home affairs of the city-state, also said assurance of investment-friendly policy and certainty would bring substantial investment to Bangladesh.

He made the remarks during a meeting with Foreign Minister Dipu Moni in Bangladesh capital, Dhaka, the foreign ministry said in a statement yesterday.

Both ministers discussed bilateral relations between Bangladesh and Singapore, including promotion of trade, exchange of knowledge, transfer of technology and export of human resources.

To facilitate grater trade, they also agreed to early conclusion of a shipping agreement between the two countries, said the statement.

Dipu Moni requested the Singaporean minister to ease the visa regime for Bangladeshi nationals visiting the country for education and tourism and relatives of the Bangladeshi permanent residents in Singapore.

Masagos took note of the request of the foreign minister. He also advised the prospective students from Bangladesh for selecting the institutes in Singapore from the white list of schools, which are approved by the Singapore government.

Masagos is currently on a five-day visit to Bangladesh. During his stay, he will meet Home Minister Sahara Khatun. He will also interact with the business community in Dhaka and Chittagong.


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