What's new

Bangladesh worst to invest in: Survey

bdslph

SENIOR MEMBER
Jun 9, 2011
3,752
0
2,240
Country
Bangladesh
Location
Philippines
Bangladesh second worst to invest in: Survey
Star Business Report
Bangladesh is the second worst country after Myanmar in the Asia-Pacific region to invest in, according to a survey conducted by Singapore-based Vriens & Partners.

Vriens & Partners is an Asia-focused corporate advisory firm, specialising in government relations and public affairs and political risk analysis. The firm offers expert counsel and a suite of discreetly tailored and highly specialised services to multinationals, non-profits and governments.

The survey, which was published recently, ranked Bangladesh 18th in the "Good Governance for International Business Index in 2011" out of the 19 countries surveyed.

Bangladesh was placed at the bottom last year when the firm launched the index.

But this year the country is just ahead of Myanmar -- a country still largely shut off from foreign investment.

However, Bangladesh scored remarkably well on the taxation pillar as the current government has looked to reform the country's out-dated tax code, but it received weak scores across the remaining pillars, which is not encouraging, said Vriens & Partners in its analysis on the country.

"Other fundamental inhibitors to investment remain. Corruption is still pervasive in Bangladesh, and although officials have taken steps to address the problem, it is still too early to determine their success," it said.

Singapore, which was the second best country to invest in last year, topped the list this year. Hong Kong took a close second.

Among Bangladesh's South Asian neighbours, India took the 13th place and Sri Lanka 14th. Vietnam ranked 11th and Indonesia 12th.

The index focuses on the relationship between governance and business and investment across Asia Pacific by evaluating and ranking 19 countries. It is the only index focusing on the business climate for international companies and direct investors across Asia Pacific.

The index is evaluated on the basis of six criteria -- rule of law, openness to international trade and business, political stability, taxation, corruption, and fiscal and monetary administration.

The data for the composition of the index is drawn from a survey of business executives around Asia Pacific, expert assessment by Vriens & Partners and third-party data from trusted sources, including the World Bank, the World Economic Forum and Transparency International.

“The Good Governance for International Business index provides a timely and useful resource for business leaders and governments alike. International business is increasingly interested in emerging economies across Asia, and there has been a clear effort by governments to improve governance for international business in order to attract investment. This index sheds light on this dynamic and diverse region,” said Hans W Vriens, managing partner of Vriens & Partners.

Bangladesh second worst to invest in: Survey
 
Among Bangladesh's South Asian neighbours, India took the 13th place and Sri Lanka 14th. Vietnam ranked 11th and Indonesia 12th

SRI LANKA come on Bangladesh look and learn

Few days ago it was full of terrorist , no one would go it was a War zone now look :)

now look people wants to go , actually my friend went to Srilanka and he is Bangladeshi and told me Srilanka is so beautiful now and has changed a lot and it is a good place to do business he even told me it is better to business in Srilanka then BD

WAY to GO SRILANKA :)
 
Bangladesh was cursed with bad geography.

LOL. Do you have any idea of geographic situation of bangladesh? FYI Bangladesh is one of the most fertile land of world and having good medium of transportaion and a great fishing industry thanks to bay of bengal.
 
Bangladesh was cursed with bad geography.

I second that.

Surrounded on all sides by a single country is surely bad.

---------- Post added at 09:35 AM ---------- Previous post was at 09:35 AM ----------

No, they could have used their strategic position to their advantage and acted as a bridge b/n South Asia & South East Asia, but they are just letting it go for some reasons that they know best.

Dude where is BD and SE Asia...Myanmar is the gateway to SE Asia.
 
location of Bangladesh is good there is a lot of potential in bangladesh
but the people are not serious and corrupt and the politicians are not good

other wise i can say w e could have been better then many countries and a sustainable economy and strong country
 
location of Bangladesh is good there is a lot of potential in bangladesh
but the people are not serious and corrupt and the politicians are not good

other wise i can say w e could have been better then many countries and a sustainable economy and strong country

You cannot change the location but can leverage on it

I know that anti-Indians won;t like it

But you have to engage with India in terms of trade and investment

You should use the similarity of culture to export Goods and Services..

For a start. Why not start with your closest cousin-- West Bengal

A lot of people appreciate Padma Hilsa.. You can braoden it to exporting textiles, fabric etc etc
Even enhanced rail links might help

For. e.g. religious tourism.. Say incentives for Musims to visit Ajmer Sharif etc etc or say Kashi for Hindus ete ctec

If trust factor comes then it can be a win win situation..

However, do not expect to give you concessions that will kill our domestic induistry..

Make it a win win one rahter than loss win or win loss

Apart from India you can leverage with South East Asia to build a trans continental highway and us eit for tourism or exports

I think potential are limitless if you have the will
 
We already do trade a lot with India. And frankly, the balance of payments isn't that good for the Bangladeshi side :P

I think there is scope for more..

Trade is just a start..There can be deeper economic integration..

I really think we can have a very good economic situation if we have the will to do more..
 
^^ any proof of that, you don't know much about international trade do you???

*sigh* Bharots with their heads held up high again.

Why not come over to Bangladesh and see just how many Indian products are here?

Furthermore, many of the raw materials needed for Bangladesh's industries come from India and even China. For instance, much of the cotton for the garments sector come from India and Pakistan.

And here's the proof for you:
2011-09-06__bs05.jpg

Trade gap with India doubles in five years

2010-02-08__ed1.jpg


Bangladeshi ceramic and toiletry products go to NE India though.

The transit is feasible in theory, but in practice, this government won't be able to manage the project, and let alone secure the funds necessary to complete the entire infrastructure. GoI should not have expectations that are too high over the transit issue.
 

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)


Pakistan Defence Latest Posts

Back
Top Bottom