Publish: 13:22, 02 Jan, 2025 Updated: 13:39, 02 Jan, 2025

Investment friendly environment must be created

Staff Correspondent
Investment friendly environment must be created
Abdul Awal Mintoo, Vice-Chairman of Bangladesh Nationalist Party (BNP) and former President of FBCCI, is speaking at a round table conference titled “New Year’s Expectations” on January 1, 2025. Photo: Bangladesh Pratidin

Abdul Awal Mintoo, Vice-Chairman of Bangladesh Nationalist Party (BNP) and former President of FBCCI, said there is a huge gap between people’s expectations and its fulfillment.

“Inequality exists in every sector, including education, healthcare, and food,” he said, adding: “To reduce this, equitable distribution of surplus resources is essential.” He stressed that no one has ever take such initiatives.

He wants the country to become economically prosperous, and for that he suggests creating wealth, employment opportunities. He said: “Investment is required to achieve these goals.”

He made these statements while addressing a round table conference at Bashundhara City Conference Hall in capital titled “New Year’s Expectations” organized by Bangladesh Pratidin on Wednesday.

He said: “Social discipline is essential to foster increased investment; but, it is glaringly absent. The crime rate including juvenile crimes is increasing gradually.

“Young people are committing suicide after posting on Facebook,” he said, labeling the society as ‘unstable’.

Police who are supposed to combat crime have a higher tendency towards crime themselves, he continued.

“Drug dealers are increasing at a faster rate than ordinary businessmen. In such a reality, no one will be interested in investing in Bangladesh. They won’t feel safe.”

He furthered that if there is no investment, unemployment will increase, which will lead to more social unrest and the aggression of drugs will rise.

He said that to move the country forward, an environment for investment must be created. “Social and political stability are interconnected.” That’s why it is impossible to make one thing better leaving other behind.

Translated by Bd-Pratidin English/ Afsar Munna

More News
Vietnam govt approves $8.36B railway project to China
Vietnam govt approves $8.36B railway project to China
Jaintapur farmers thrive with bumper watermelon harvest
Jaintapur farmers thrive with bumper watermelon harvest
ADB, World Bank partner on FMRF to increase development impact
ADB, World Bank partner on FMRF to increase development impact
Imported fruit prices surge by up to Tk100 per Kg ahead of Ramadan
Imported fruit prices surge by up to Tk100 per Kg ahead of Ramadan
Alibaba sees revenue surge on back of artificial intelligence, e-commerce
Alibaba sees revenue surge on back of artificial intelligence, e-commerce
SMEs struggle due to high interest rates, tough loans
SMEs struggle due to high interest rates, tough loans
DMP assures full cooperation in providing security for BAJUS members
DMP assures full cooperation in providing security for BAJUS members
No shortage of goods during Ramadan: Finance adviser
No shortage of goods during Ramadan: Finance adviser
Macro economy shows stability, says BB Governor
Macro economy shows stability, says BB Governor
No VAT on purchases at supershops: NBR
No VAT on purchases at supershops: NBR
NBR reduces VAT on biscuits by half
NBR reduces VAT on biscuits by half
Most Japanese companies see Trump as bad for business: Reuters survey
Most Japanese companies see Trump as bad for business: Reuters survey
Latest News
Protesters extend 'Dark Indonesia' rally against Prabowo's policies
Protesters extend 'Dark Indonesia' rally against Prabowo's policies
5 hours ago | International
Abu Sayeed dispels fear from hearts of Bengalese with life: Mahmudur Rahman
Abu Sayeed dispels fear from hearts of Bengalese with life: Mahmudur Rahman
6 hours ago | City
Cook Islands announces deep sea minerals deal with China
Cook Islands announces deep sea minerals deal with China
6 hours ago | International
Bangladesh also walks out during Israeli speech at Global Ministerial Conference
Bangladesh also walks out during Israeli speech at Global Ministerial Conference
6 hours ago | National
Early wicket loss against India an accident: Razzak
Early wicket loss against India an accident: Razzak
7 hours ago | Sports
Attempts being made to hijack revolution to come to power: Amir Khasru
Attempts being made to hijack revolution to come to power: Amir Khasru
7 hours ago | National
Country now turning around with govt efforts: Dr Salehuddin
Country now turning around with govt efforts: Dr Salehuddin
7 hours ago | National
Zelensky 'not ready' to sign minerals deal with US: source
Zelensky 'not ready' to sign minerals deal with US: source
7 hours ago | International
ACC files case against nine for embezzling public money
ACC files case against nine for embezzling public money
7 hours ago | National
CJ highlights efforts to enhance judicial independence, accountability, efficiency
CJ highlights efforts to enhance judicial independence, accountability, efficiency
7 hours ago | National
BNP’s goal is to establish government of the people: Mintoo
BNP’s goal is to establish government of the people: Mintoo
8 hours ago | National
Hamas hands over 6 hostages to Red Cross
Hamas hands over 6 hostages to Red Cross
8 hours ago | International
England makes highest team total as Duckett hits 151 in Champions Trophy
England makes highest team total as Duckett hits 151 in Champions Trophy
8 hours ago | Sports
Tarique Rahman seeks fair polls as soon as possible
Tarique Rahman seeks fair polls as soon as possible
8 hours ago | National
EC suspends six employees over NID fraud
EC suspends six employees over NID fraud
9 hours ago | National
Zakat crucial to establish social justice: Bashir Uddin
Zakat crucial to establish social justice: Bashir Uddin
9 hours ago | National
Ray of hope emerges to build new Bangladesh: Fakhrul
Ray of hope emerges to build new Bangladesh: Fakhrul
10 hours ago | National
‘Fish production at risk due to water pollution, filling up of water bodies’
‘Fish production at risk due to water pollution, filling up of water bodies’
10 hours ago | National
Australia stands firm on climate justice and women’s rights in Bangladesh
Australia stands firm on climate justice and women’s rights in Bangladesh
10 hours ago | City
Process underway to remove SPs on duty during 2018 election: AFM Khalid
Process underway to remove SPs on duty during 2018 election: AFM Khalid
10 hours ago | National
Book on Yunus, Grameen Bank available in Ekushey Book Fair
Book on Yunus, Grameen Bank available in Ekushey Book Fair
11 hours ago | City
CEC wants to hold elections like the Eid festival
CEC wants to hold elections like the Eid festival
11 hours ago | National
None can survive by means of corruption: Shafiqur Rahman
None can survive by means of corruption: Shafiqur Rahman
11 hours ago | National
AP sues three Trump administration officials
AP sues three Trump administration officials
12 hours ago | International
Environmental protection will shape our future: Rizwana
Environmental protection will shape our future: Rizwana
12 hours ago | National
Italy Embassy in Dhaka reaffirms commitment to combating visa graft
Italy Embassy in Dhaka reaffirms commitment to combating visa graft
12 hours ago | City
Shakira cancels Colombia concert over security concern
Shakira cancels Colombia concert over security concern
12 hours ago | Entertainment
Israeli forces kill two Palestinian teenagers
Israeli forces kill two Palestinian teenagers
13 hours ago | International
Disney’s 'Snow White' live-action remake drops motion poster
Disney’s 'Snow White' live-action remake drops motion poster
13 hours ago | Entertainment
Australia elects to field against England in Champions Trophy match
Australia elects to field against England in Champions Trophy match
13 hours ago | Sports
Most Read
Country’s RMG sector regains momentum
Country’s RMG sector regains momentum
18 hours ago | Special
Bangladesh, India vow to bring border killings to zero
Bangladesh, India vow to bring border killings to zero
20 hours ago | National
‘Mon Duari’ tops trending charts, fans are enthralled
‘Mon Duari’ tops trending charts, fans are enthralled
19 hours ago | Entertainment
Fakhrul urges democratic forces to build livable Bangladesh
Fakhrul urges democratic forces to build livable Bangladesh
13 hours ago | National
Lady Gaga to perform free concert on Rio's Copacabana beach
Lady Gaga to perform free concert on Rio's Copacabana beach
18 hours ago | Entertainment
Global Ministerial Conf: Bangladesh also walks out during Israeli speech
Global Ministerial Conf: Bangladesh also walks out during Israeli speech
18 hours ago | National
Jaker confident top order will deliver in Pakistan
Jaker confident top order will deliver in Pakistan
16 hours ago | Sports
Projects launched with the intent of stealing
Projects launched with the intent of stealing
16 hours ago | Special
Flights to soar from Bogura after 15 years
Flights to soar from Bogura after 15 years
15 hours ago | Special
Stable temperatures, dry weather expected in Dhaka
Stable temperatures, dry weather expected in Dhaka
19 hours ago | City
Environmental protection will shape our future: Rizwana
Environmental protection will shape our future: Rizwana
12 hours ago | National
Creatinine levels: the silent indicator of kidney health
Creatinine levels: the silent indicator of kidney health
13 hours ago | Lifestyle
New political party: Who are in discussion for top six positions
New political party: Who are in discussion for top six positions
15 hours ago | National
US threatens to cut off Starlink access for Ukraine over mineral deal
US threatens to cut off Starlink access for Ukraine over mineral deal
17 hours ago | Tech
85 Bangladeshis among 598 immigrants detained in Myanmar
85 Bangladeshis among 598 immigrants detained in Myanmar
14 hours ago | National
Traders in panic after series of robberies in Mirpur
Traders in panic after series of robberies in Mirpur
17 hours ago | City
Apple disables encryption feature for UK users
Apple disables encryption feature for UK users
15 hours ago | Tech
Hamas to free 6 Israeli hostages as Israel releases 600 Palestinians
Hamas to free 6 Israeli hostages as Israel releases 600 Palestinians
15 hours ago | International
No load shedding during Ramadan, summer, says energy advisor
No load shedding during Ramadan, summer, says energy advisor
13 hours ago | National
Robbery and molestation in bus: 3 arrested in Tangail
Robbery and molestation in bus: 3 arrested in Tangail
13 hours ago | National
Dhaka tops global air pollution ranking with "unhealthy" air quality
Dhaka tops global air pollution ranking with "unhealthy" air quality
18 hours ago | City
Jaintapur farmers thrive with bumper watermelon harvest
Jaintapur farmers thrive with bumper watermelon harvest
19 hours ago | Business
Vietnam govt approves $8.36B railway project to China
Vietnam govt approves $8.36B railway project to China
13 hours ago | Business
None can survive by means of corruption: Shafiqur Rahman
None can survive by means of corruption: Shafiqur Rahman
11 hours ago | National
UAE’s 1st female astronaut aims to inspire future generations, plant flag on moon
UAE’s 1st female astronaut aims to inspire future generations, plant flag on moon
16 hours ago | Tech
Crypto exchange Bybit loses $1.5 billion in record hack
Crypto exchange Bybit loses $1.5 billion in record hack
16 hours ago | Tech
AP sues three Trump administration officials
AP sues three Trump administration officials
12 hours ago | International
CEC wants to hold elections like the Eid festival
CEC wants to hold elections like the Eid festival
11 hours ago | National
Arab leaders discuss ‘Palestinian cause’, Gaza developments
Arab leaders discuss ‘Palestinian cause’, Gaza developments
20 hours ago | International
Pentagon to fire 5,400 workers
Pentagon to fire 5,400 workers
19 hours ago | International