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50 YEARS OF FRIENDSHIP.Foreign Affairs Undersecretary Lourdes Yparraguirre raises a toast during the celebration of Bangladesh's Independence Day in Makati City on Monday (March 28, 2022) night. Joining her were Bangladesh Ambassador to the Philippines Borhan Uddin and Papal Nuncio to the Philippines Archbishop Charles John Brown. (PNA photo) MANILA - Bangladesh is inviting Filipino investors to partner with local shipbuilders, touting a flourishing shipbuilding industry in the country. "We have a wonderful shipbuilding industry in Bangladesh so we are trying to make some sort of cooperation with the Philippines in the sector," Ambassador Borhan Uddin told reporters on the sidelines of the Bangladesh Independence Day reception in Makati City Monday night. "The Philippines can order at a cheaper rate small size ships to be built in Bangladesh and investors from the Philippines can also make a joint venture with the shipbuilders in Bangladesh," he added. READ: Ban

Makati citySan pedro makatiBorhan uddinBangladeshi investment development authorityForeign affairs undersecretary lourdes yparraguirreBangladesh independence dayMakati city mondayAffairs undersecretary lourdes yparraguirre50 years of friendship foreign affairs undersecretary lourdes yparraguirre raisesa toast during the celebration bangladesh 39s independence day in makati city on monday march 28022 night joining her were bangladesh ambassador to the philippines borhan uddin and papal nuncio archbishop charles john brown pna photo manila is inviting filipino investors partner with local shipbuildersOutinga flourishing shipbuilding industry in the country quot we havea wonderful bangladesh so are trying to make some sort of cooperation with philippines sectorUot ambassador borhan uddin told reporters on the sidelines of bangladesh independence day reception in makati city monday night quot philippines can order ata cheaper rate small size ships to be built and investors from also makea joint venture with shipbuildersUot he added read bangladesh ship industry sails on amid economic woes there are around 100 shipbuilders and 120 registered shipyards in while the country largely works for orders from domestic marketHe bangladeshi investment development authority said its shipbuilding industry is positioned as an emerging player in the global marketUot competitive enough for the smaller vessel segment benefiting from relatively cost engineers and workers quot bangladesh 39s ship breaking recycling industriesHich are generally located close to shipyards