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IDCOL, ICB, BDBL hand out dividends to government
Three state-owned financial institutions have handed out Tk 690.56 million to the government in dividends for FY 13-14.
Published : 14 August 2014, 08:46 AM
Updated : 14 August 2014, 08:46 AM
Representatives of Infrastructure Development Company (IDCOL), Investment Corporation of Bangladesh (ICB) and Bangladesh Development Bank Ltd (BDBL) handed over the dividend payouts to Finance Minister AMA Muhith on Thursday.
IDCOL handed over Tk 140 million as dividend.
ICB Tk dished out 455.62 million and BDBL Tk 100 million for FY 2013-14.
"This is great. We got the cheques from three government-run organisations. So you can see the government not only incur losses, but sometimes makes profits as well," said the finance minister after receiving the dividends.
Referring to Bangladesh's domestic market, Muhith said that the country now needs more foreign investments.
"Foreign investments will come in sectors like power and communication. It needs to be diversified to areas like the manufacturing sector," he said.
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