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The Financial Express

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A must read for investors, execs


A must read for investors, execs

The book titled Basic Issues of Private Investment and Business-Bangladesh Perspective (2nd Edition) has been published amid Covid-19. The book has identified Bangladesh as a land of ample investment and business opportunities in the changed global politics and business relocation perspectives. It gives adequate information on the economic reforms of Bangladesh, private investment opportunities, FDI, doing business formalities, raising capital for business, IPO, stock market, tax matters, company secretarial functions, corporate governance code and almost all other aspects of doing business in Bangladesh. In addition, the book has included the issues of international business, incoterms, consumers' rights protection, public private partnership (PPP) and business related SDGs. A new chapter describes briefly public financial management (PFM) issues, which may be very useful for the professionals who work to protect public interest. PFM is also useful for the students of the Professional Accountancy Organizations (PAOs) and the key personnel serving in the public sector entities (PSEs).
The book has given a very optimistic view that Bangladesh has all possibilities and capabilities to reach further heights through boosting private investment and business. It mentions that the country's growth momentum will continue under the 8th Five Year Plan and Vision 2030 and Perspective Plan 2041, if public service providers and taxmen become more business-friendly.
The author of the book has long experience about business and financial management. He is also a past president of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) and as a professional his main intention is to provide investment and business-related basic information through this book to the investors and business executives to enable them to work efficiently and rightly handle the compliance issues of businesses.
The book also highlights the problems and prospects of private investment and business. It has placed few recommendations to make Bangladesh an investment destination. It mentions that the on-going development of one hundred economic zones, infrastructure, Bay of Bengal Industrial Growth Belt (Big-B), power generation capacity, LNG terminals, Padma Bridge and other mega projects will attract FDI. However, it lays emphasis on improvement of the quality of public services, ease of doing business index and on-line system of paying taxes for attracting FDI. It also recommends all-out efforts to cope with the on-going developments relating to the fourth industrial revolution and ensure the concerted efforts of the key players to attract and promote private investment and business.
The book highlighted some issues aiming to overcome the impediments to business and make Bangladesh a lucrative investment destination.
"Readers may find few repetitions in the book. Those repetitions are for giving a total picture of a topic in one place," the writer explained.

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