Why int’l companies reinvesting profits in Bangladesh instead of repatriating?
Foreign-owned companies operating in Bangladesh are increasingly reinvesting their profits in the country instead of repatriating them, economists have said....
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Eswatini Targets R30bn investment ahead of AfCFTA
ESWATINI is aiming to secure R30 billion in investments at its upcoming Investment Conference, according to Mancoba Khumalo, the country’s Minister of Commerce, Industry, and Trade.He made the announcement during a press conference in Pigg’s Peak last Friday.The conference, facilitated by the Eswatini Investment Promotion Authority (EIPA), seeks to boost both foreign and domestic investment to drive economic growth and development.Khumalo confirmed that Wamkele Mene, Secretary General of the African Continental Free Trade Area (AfCFTA), would attend the event, while Prime Minister Russell Mmiso Dlamini would deliver the keynote address.In an...
Renewal of Japan-India currency swap has many positives
The renewal of the Bilateral Swap Arrangement (BSA), originally established in 2008 and later expanded, now valued at up to $75 billion, marks a significant milestone in the economic partnership between Japan and India. This agreement allows both nations to swap their local currencies for US dollars, providing a critical financial safety net against potential liquidity crises and balance of payments challenges. At a time of heightened global financial volatility, this renewed arrangement underscores the deepening strategic and economic cooperation between these two Asian powerhouses.The BSA holds immense importance for...
FDI in insurance to be hiked to 100%, paving way for investments, entry of foreign giants | Business News
Union Finance Minister Nirmala Sitharaman Saturday announced a significant hike in foreign direct investment (FDI) in the insurance sector — from 74% to 100% — paving the way for the entry of global insurance giants, substantial foreign investments and tough competition in the Indian market.The government will hopes this major reform boosts insurance penetration in the country, which, as per an IRDAI report, was at 3.7% in 2023-24. The global insurance penetration at the same time was 7%. With the 100% FDI, foreign insurers will have full autonomy to operate...