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Date: 8th January 2026
The Director
Foreign Exchange Investment Department,
Bangladesh Bank, Head Office
Motijheel Commercial Area, Dhaka-1000.
Through: Prime Bank PLC, (Gulshan Branch) Plot # 01, Block- CEN(H), Road # 109, Gulshan Avenue, Gulshan, Dhaka-1212.
Subject: Request for cancellation of the Existing Application for Waiver of Condition No. 8 of the BIDA Branch Office Permission Letter.
Dear Sir,
With reference to Bangladesh Bank Letter No. FEID/BR/729/2(B-1444)/2024-3461, regarding our application for the waiver of Condition No. 08 of the BIDA branch office permission letter, we would like to cancel the existing application for the following reason:
Inward remittance of Japanese Yen (JPY) 17,100,000 from our Head Office on 12 March 2023 dose not mistakenly presented in the Balance Sheet and Cashflow statement. We regret this oversight and assure you that greater care will be taken to avoid such errors in the future.
The BIDA permission under which the waiver application was originally submitted has already expired.
At this moment the branch office does not require the waiver of Condition No. 8 of the BIDA Branch Office Permission Letter.
In light of the above, we hereby request Bangladesh Bank to kindly cancel the existing application and close the file related to the waiver of Condition No. 08.
We will re-apply for the waiver in due course with an updated and valid BIDA permission, as and when required for our branch office operations.
We, therefore, humbly request you to take the necessary action in this regard.
Sincerely yours,
🗸
_____________________
MITSUO KAWASAKI
Country Manager
SANYO ENGINEERING & CONSTRUCTION INC.
(Bangladesh Branch Office)