Sunday 16 August 2020 ,
Sunday 16 August 2020 ,
Latest News
  • PM’s suitable, brave decisions saved country’s economy: Health Minister
  • Russia produces first batch of virus vaccine: ministry
  • Zia proposed me to be minister after Bangabandhu’s killing: President
  • Covid-19: Bangladesh records 2,644 new cases, 34 more deaths
  • Beggar who helped others set to get modern house from PM
  • MS Dhoni retires from int'l cricket
20 November, 2019 00:00 00 AM
Print

New Zealand tightens foreign investment rules

AFP, Wellington

Foreign investors hoping to buy New Zealand’s strategic assets will now have to convince the government it is in the national interest, officials said yesterday, while denying the rules targeted China.

New rules will for the first time give the government power to reject overseas investments in sensitive areas if it decides they could be detrimental to the country, Associate Finance Minister David Parker said.

He said the test would apply to crucial infrastructure including ports and airports, telecommunications and electricity networks, as well as firms developing military technology or supplying intelligence agencies.

“These powers will be used rarely and only where necessary for protecting New Zealand,” Parker said in a statement, citing investments that could “pose a significant risk to our national security or public order”.

 

Comments

Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
01
02030405060708
09101112131415
16171819202122
23242526272829
3031
More Business stories
Bangladesh Railway losing Tk 4-5cr every day Bangladesh Railway is losing Tk 4-5 crore in revenue every day following the suspension of all train services across the country amid the coronavirus outbreak. On March 24, the government suspended all…

Copyright © All right reserved.

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.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting