Bangladesh Elections 2007

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Malaysians may shift $1.53b investment plans elsewhere

Posted by Nirbachon on June 26, 2006

Malaysian investors are likely to shift their investment proposals worth $1.53 billion to other countries if Bangladesh government continues its delay-dallying tactics in approving the projects, Abdul Malek Bin Abdul Aziz, Malaysian high commissioner in Dhaka, said yesterday.The Malaysian envoy was speaking at the monthly luncheon meeting of Foreign Investors’ Chamber of Commerce and Industry (FICCI) at Dhaka Sheraton Hotel.

He also expressed his doubt over the quick decision on the investment projects as the country is preparing for the next parliamentary elections.

 Daily Star

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