Fearing a loss of investment, Bangladesh assuages multinationals
Minister to mediate telcos' tax dispute while secretary to lobby drug giant Sanofi
Grameenphone, the largest mobile phone operator in Bangladesh, was asked earlier this year to pay a total of over $1.5 billion in unpaid taxes and penalties for failing to meet revenue-sharing obligations. (Photo by Yuji Kuronuma)
DHAKA -- The Bangladeshi government is trying to quell at least two hubbubs involving multinational corporations that could sully the country's reputation among foreign investors.
In one, the country's finance minister has said he will step up to mediate disputes between two phone service providers and the telecom watchdog. In the other, the Industries Ministry is trying to persuade a big French drugmaker to reconsider its decision to leave the country after selling medicines here for nearly 60 years.