ICB, IDCOL, BDBL hand over dividends to govt

Three state-owned financial institutions have handed over Tk 690.56 million to the government in dividends for FY 13-14. Representatives of Investment Corporation of Bangladesh (ICB), Infrastructure Development Company (IDCOL) and Bangladesh Development Bank Ltd (BDBL) handed over the dividend payouts to Finance Minister AMA Muhith on Thursday. ICB handed over Tk 455.62 million, IDCOL Tk 140 million and BDBL Tk 100 million as dividends for FY 2013-14. "This is great. We got the cheques from three government-run organisations. So you can see the government not only incur losses, but sometimes makes profits as well," said the finance minister after receiving the dividends. Referring to Bangladesh's domestic market, Muhith said that the country now needs more foreign investments. "Foreign investments will come in sectors like power and communication. It needs to be diversified to areas like the manufacturing sector," he said, according to bdnews24.com.