BANGLADESHI CONGLOMERATE EYES US$10 MILLION INVESTMENT IN PHILIPPINES
Last Updated: 2018-03-13
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MANILA, March 13 (NNN-BERNAMA) -- A Bangladeshi conglomerate has expressed interest to invest some US$10 million in the Philippines, days after a report cited the country as the top destination for investments, Philippines news agency (PNA) reported.

The Department of Foreign Affairs (DFA) said the SAASCO Group has requested the Philippine Embassy in Dhaka to support and assist them in introducing them to Philippine authorities in relation to their business endeavour.

The DFA said SAASCO Group Managing Director and CEO Shiekh Atiar Rahman has expressed the groupís intention to establish a factory and export food products to Bangladesh.

SAASCO Group, founded in 1995, has been manufacturing and exporting high-quality garments to renowned international companies.

Some 14 companies and associates under it are involved in ceramics, packaging and marketing, energy, finance, news and entertainment media, communications, and real estate business.--NNN-BERNAMA