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13 March, 2018 00:00 00 AM / LAST MODIFIED: 12 March, 2018 11:41:29 PM
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Singapore-based cos eying growing Bangladesh market

Says Singaporean PM Loong
UNB
Singapore-based cos eying growing Bangladesh market
In presence of Bangladesh Prime Minister Sheikh Hasina and Singapore Prime Minister Lee Hsien, two Memorandums of Understanding (MoUs) on Public Private Partnership (PPP) and air services were signed at Istana, the official residence and office of the President of Singapore, in Singapore yesterday. FocusBangla photo

Prime Minister Sheikh Hasina yesterday hoped that Singapore will continue providing a decent work atmosphere for Bangladeshi workers as the country continues to be a favourite destination for them, reports UNB from Singapore.

"Singapore continues to be a favourite destination for Bangladeshi workers. I hope Singapore will continue to provide them with a decent work atmosphere," she said.

The Prime Minister said this while addressing the luncheon hosted by her Singaporean counterpart Lee HsienLoong at Istana, the official residence and office of the President of Singapore, and also the working office of the Prime Minister of Singapore.

Mentioning that Bangladesh and Singapore belong to different levels of development, Sheikh Hasina said the two countries can complement each other in the economic pursuit.

She mentioned that Singapore has the capital, advanced technology and know-how while Bangladesh has a huge young and educated workforce. "These comparative advantages may be harnessed to our mutual benefits."

The Prime Minister said Bangladesh and Singapore signed a few documents yesterday while chamber bodies of both the countries will sign more with their counterparts on Tuesday. "Implementation of these provisions is expected to usher in a new era of economic cooperation between our two countries."

Hasina also said she is happy to see a growing interest and engagement of Singaporean companies in Bangladesh.

Mentioning that Bangladesh and Singapore share similar viewpoints on many issues of global concern, Hasina said both the countries take mutually supportive positions in international fora, including in the UN.

"Our positions are based on a deeper understanding of, and respect for, each other's values, principles and approaches," she said. The Prime Minister congratulated Singapore on the assumption of Asean Chair this year and said Bangladesh wishes to forge deeper cooperation with Asean during the Singaporean leadership.

The Prime Minister said Bangladesh and Singapore have been enjoying friendly ties since the establishment of diplomatic relations in February 1972. "Our friendship is rooted in common values and shared history and economic cooperation," she said.

Talking about the meeting that took place in the morning, the Prime Minister said they discussed issues of mutual interests and areas of new cooperation. "I recognise the engaging interest in advancing our bilateral relations," she added. Speaking at the luncheon meeting, Singapore Prime Minister Lee Hsein Loong said Bangladesh is located in the heart of South Asia and well-positioned to interact with Asean and it neighbours. The Bay of Bengal links to Southeast Asia, India, and Sri Lanka, Loong said.

The close friendship and growing partnership between Bangladesh and Singapore will strengthen in many years to come, he added.

He said that the first official meeting of Prime Minister Sheikh Hasina in Singapore is a good opportunity to strengthen partnership between the two countries.

Singapore-based companies are eying the growing Bangladeshi market as significant opportunities are laying there in energy and port sectors, Loong said.

He mentioned that Sembcorp is one of the largest investors in the energy sector, with over US$ 1.1 billion invested in power plants, and Singapore Port Authorities (PSA) are interested to explore opportunities in Chittagong port.

The singing of the updated Air Services Agreement between Singapore and Bangladesh will bring the people and businesses of the two countries closer and also help bring bilateral relations to greater heights, he hoped.

"We should do more together as government can facilitate collaboration between our companies and investors," he said.

He said the Tagore Avenue along Yio Chu Kang Road, which is also his parliamentary constituency, is  "Strong people-to-people linkage has formed a key basis for our multifaceted relationship," Lee Hsein noted.

 

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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