Six multinational companies have repatriated their earnings of around $1.92 billion (Tk 160 billion) in 5.5 years against their businesses in the country.
Four multinational telecommunication companies — Grameenphone, Robi Axiata, Banglalink and Airtel along with Global tech giant Facebook and Google are doing businesses in Bangladesh for more than a decade.
However, Grameenphone – a wing of Norway based Telenor has solely repatriated Tk 112.76 billion.
According to the central bank data, between 2016-2020; these six MNCs deported a total $1.92 billion (Tk 162 billion) from Bangladesh.
Robi Axiata Ltd.; which has been enlisted in the bourse since last year, repatriated $0.20 billion. Grameenphone repatriated $1.37 billion (Tk 116 billion) in this period.
Country’s third largest telephone operator Banglalink transferred $0.14 billion (Tk 12.09 billion) in 2016-29.
Besides, Bangladesh Bank data shows Airtel migrated $0.15 billion (Tk 12.92 billion) in 2016 before its collaboration with Robi.
Social networking site Facebook repatriated $0.03 billion (Tk 2.66 billion) in 5.5 years from Bangladesh against their Facebook commercials. Google repatriated $0.03 billion (Tk 2.81 billion) in these years.
Mainly, these telecommunications are the biggest media for advertisements and commercials in Bangladesh. The companies and organizations spent a larger part of their promotional activities on Facebook, Google and YouTube. In April 2019, a rite was submitted to the high court regarding the revenue issues.
According to the Bangladesh Telecommunication Regulatory Board (BTRC), in terms of the high court rite, three private telephone operators Grameenphone, Robi and Banglalink have given $87.44 billion for their commercials to Facebook, Google, YouTube, Imo and WhatsApp.