MANILA — A Bangladeshi conglomerate has expressed interest to invest some USD10 million in the Philippines, days after a report cited the country as the top destination for investments.
The Department of Foreign Affairs (DFA) said the SAASCO Group has requested the Philippine Embassy in Dhaka to support and assist them in introducing them to Philippine authorities in relation to their business endeavor.
The DFA said SAASCO Group Managing Director and CEO Shiekh Atiar Rahman has expressed the group’s intention to establish a factory and export food products to Bangladesh.
SAASCO Group, founded in 1995, has been manufacturing and exporting high-quality garments to renowned international companies.
Some 14 companies and associates under it are involved in ceramics, packaging and marketing, energy, finance, news and entertainment media, communications, and real estate business.
Last March 8, Rahman called on Ambassador Vicente Vivencio Bandillo to discuss business investment opportunities in the Philippines.
Accompanying him were Sk. Akib Rhaman, SAASCO deputy managing director; Md. Abdulah Muslehuddin Sadi, director; and Md.Ramiz Uddin Bhuya, and Md. Sofiqul Islam Bito Howlader, advisers.
Based on scores from more than 6,000 business decision-makers, US News and World Report this year ranked the Philippines as the best country to invest in.
Among the qualities considered are the country’s population, an economy supported by overseas Filipinos’ remittances, and the flourishing tourism industry. (PNA)
The U.S Department of Defense is in talks with their Philippine counterpart on the acquisition of 10 AH-1W Super Cobra attack helicopters, with 2 frames possibly funded by Foreign Military Sales (FMS) … [Read More...]
The Philippine Air Force’s technical working group (TWG) has identified Sikorsky UH60 (Blackhawk) as the combat utility helicopter that would replace the mothballed Bell 412 EPIs, while the selection … [Read More...]
’Asymmetric Warfare’ The biggest asset of the JAS-39C/D is its ability to allow us to conduct sort of like an Asymmetric or Guerilla type of warfare against a stronger opponent. Just as Submarines … [Read More...]
In October 2018, Department of National Defense (DND) Secretary Delfin Lorenzana revealed in an interview by the Philippine News Agency (PNA) that the JAS-39 Gripen will likely be selected for the … [Read More...]
The United States Navy on Monday said that it is willing to give some equipment needed for the Navy modernization training of the Philippine Navy's personnel. "We can contribute, certainly from … [Read More...]
The bells of Balangiga, Eastern Samar, are set to be returned to the country before the end of year after more than a century of being in the United States as war booties from the Philippine-American … [Read More...]