BANGLADESH > Japan Tobacco Inc. to acquire Bangladesh based United Dhaka Tobacco business, a subsidiary of Akij Group for $1.47 billion

Japan tobacco logo Japan Tobacco Inc. is set to invest $1.47 billion to acquire United Dhaka Tobacco business, a subsidiary of Akij Group, the single biggest FDI in Bangladesh. United Dhaka Tobacco Company Limited holds about 20 percent market share of Bangladesh’s cigarette market only behind British American Tobacco. $1.09 billion will be utilized to buy shares of Dhaka Tobacco and $386 million More …

BANGLADESH > China based Shenzhen Stock Exchange and Shanghai Stock Exchange set to acquire 25% of the Bangladesh based Dhaka Stock Exchange’s 1.8 billion shares for approximately $159 million

DSE logo Rejecting Indian counterpart’s bid, Dhaka Stock Exchange is set to sell its 1.8 billion shares or 25% of the exchange 21 taka ($0.25) per share, around $122 million, during the tender process and pledged additional technical support worth nearly $37 million. National Stock Exchange of India made a lower offer of 15 taka ($0.18) per share. According to bourse’s spokesman More …

BANGLADESH > Azeus Convene, a subsidiary of Azeus System, expands to more than 40 countries worldwide

Azeus Convene logo Azeus Convene has successfully expanded to more than 40 countries in Africa and Asia including Uganda, Bangladesh and Indonesia to name a few. This opens up new untapped market for Azeus Convene. Azeus Convene offers its clients a smart, simple and secure solution. According to Jerry Chua, Marketing Head for Convene the latest achievement was due to the company’s consistent More …

BANGLADESH > Record Net FDI in Bangladesh in FY 2015-16. Amount touches US$ 2 Billion

bangladesh_0 Record Net FDI in Bangladesh in FY 2015-16. Amount touches US$ 2 Billion for the first time According to the latest statistics reported by the Bangladesh Bank, Foreign Direct Investment (FDI) touched US$ 2 Billion mark in the Fiscal Year 2015-2016 for the first time. Fiscal year in Bangladesh runs between July to June. The figure US$ 2.001 Billion is More …

BANGLADESH > 10 Global Companies Contribute Almost Half of Bangladesh’s Inbound FDI in 1st Qtr 2016

dhaka 10 Global Companies Contribute Almost Half of Bangladesh’s Inbound FDI in 1st Qtr. 2016 According to Bangladesh Bank, the 10 companies that contributed to US$ 199 Million inbound investment in Bangladesh are: 1) Chevron (Gas & Petroleum) US$ 42.76 Million 2) Gramophone (Telecommunication) US$ 39.88 Million 3) YKK Bangladesh (Manufacturing) US$ 25.48 Million 4) Standard Chartered Bank (Financial Services) US$ More …