5:08 pm - Tuesday February 20, 3427
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Trade Body

ICC to work with WHO to fight COVID-19

In light of International Chamber of Commerce (ICC)’s  purpose to enable business world wide to secure peace, prosperity and opportunity for all,   ICC Chair Paul Polman and Secretary General John W.H. Denton AO have written  an open letter to the Saudi G20 Presidency to call for immediate and coordinated global action to ensure access to essential medical supplies, scale public health financing to tackle COVID-19 and restore confidence and stability in the global economy. Copy of the letter is enclosed.

DCCI hails budget

Dhaka Chamber of Commerce and Industry (DCCI) today hailed several proposals of the national budget for fiscal 2018-19 (FY19), but requested the government for considering a cut of at least 2.5 percent in the corporate tax in all categories. “The government can reconsider slashing corporate tax in all categories at least 2.5 percent,” dccisaid DCCI President Abul Kasem Khan in his initial reaction to National Budget FY19, said a release here. In the proposed budget, he said, the government has only reduced 2.5 percent corporate t...

BIAC seminar on ADR as int’l best practice, success factors

As a part of BIAC’s ongoing activities to promote ADR in the country and on occasion of two foreign Arbitrator’s forthcoming visit from Malaysia and Turkey to Bangladesh in order to arbitrate an international commercial dispute from 13-18 December 2016, Bangladesh International Arbitration Centre (BIAC) arranged a seminar on “ADR: International Best Practice and success factors” on 17th December 2016 at 7:00 p.m. at Dhaka Chamber of Commerce and Industry’s auditorium. photoThe Governor of Bangladesh Bank, Mr. Fazle Ka...

IBFB denounces attacks on Gulshan cafe

International Business Forum of Bangladesh (IBFB) expresses deep shocks and saddens by the dreadful, horror and inhuman terrorist attacks over the innocent and unarmed Bangladeshi and Foreign Citizens at the Holey Artisan Bakery at Gulshan, Dhaka on 1st July 2016. IBFB deeply mourns over the barbarous keeling and death of 20 innocent human beings, and earnestly pray that their dedicated departed souls may rest in eternal peace. IBFB most humbly conveys its deepest condolences to the bereaved family members and Dhaka Attack

BGMEA urges govt to revise tax on sources

Terming some initiatives of the national budget for fiscal 2016-17 as encouraging for industrialization, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today said the proposed 1.50 percent tax on source would hinder the goal of export earning envisaged by the government in line with vision-2021. "Some initiative might pave the way of industrialization, but 1.50 percent tax on sources would directly create hindrance the evolvement of industrialization," said BGMEA President Md. Siddiqur Rahman in a media briefing that organized to pass their reaction on the proposed national budget, reports BSS. Mentioning that 1.50 percent tax on source would increase 150 percent direct tax, he said "any wrong

Nordic firms to invest more in Bangladesh

Around 91 percent of Nordic companies doing business in Bangladesh are contemplating to increase their activities in Bangladesh over the coming 3-years period. The reason behind increasing activities in Bangladesh could be due to 34% of the respondents experiencing higher profits compared to other markets they are active in, a rise from 25% in 2013. There has been a 9% rise in favorability of doing business in Bangladesh since 2013 with 56% of the Nordic businesses reporting a very favorable outlook in 2015. [caption id="attachment_22411" align="alignleft" width="650"]