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S'porean investment in Bangladesh will increase, says envoy

Tuesday, 29 July 2008


The visiting High Commissioner of Singapore in Bangladesh, Verghese Mathews, said Singaporean investment in Bangladesh which is already over $1.0 billion is likely to increase in near future, reports UNB.

The high commissioner, who is headquartered in the Singaporean capital, said this when he called on Foreign Advisor Iftekhar Ahmed Chowdhury at the Foreign Ministry Monday afternoon, said a press release.

The foreign adviser told him that he had met the foreign minister of Singapore, George Yeo, during the very successful ASEAN Regional Forum Meeting in Bangladesh and both of them had shown keen interest in "widening and deepening political and economic relations."

Bangladesh recently held an investment forum in Singapore, which was largely attended by Singaporean business houses and the investors showed interest to invest in Bangladesh.