The International Business Forum of Bangladesh (IBFB) and its President Hafizur Rahman urged Bangladesh Bank to take adequate financial measures to safeguard economy and business of the country during the ongoing volatile political situation.
In a recent proposal sent to the Governor of Bangladesh Bank, IBFB strongly suggested some special financial measures such as extending the deadline for CIB Reporting, rescheduling bank loans, reducing lending rate up to 10 per cent or below, bringing down the interest rate spread below 4.0 per cent etc. IBFB, as mentioned in the proposal, strongly believes that in a growing democratic country like Bangladesh peaceful and business friendly environment is a sine qua non for ensuring the development wheel rolling on through which trades and busine...
Dan W Mozena, ambassador of the United States of America (USA) to Bangladesh will lead a high level business delegation comprising of senior Bangladeshi businessmen to Hong Kong from 8-11 December to encourage the US businesses in Hong Kong to explore new market in Bangladesh.
The main objective of the visit is to promote Bangladesh with US companies based in Hong Kong and to encourage them to explore new business opportunities in Bangladesh, says a press rlease.
President of Dhaka Chamber ...
Country’s key business leaders have threatened the political parties a tougher movement if the ongoing political impasse will not be solved within the next five days.
“If the political parties can’t reach a consensus within the next five days to solve the current political deadlock, the businesspeople and workers will be forced to take to the streets,” said M Atiqul Islam, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
He made the remarks in a human chain arranged by BGMEA along with the leaders of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) and Dhaka Chamber of Commerce and Industries (DCCI) in front...
The much needed credit flow for the private sector is very low and depressing due to over cautious steps taken by the commercial banks, said ICCB President Mahbubur Rahman while inaugurating the ICC workshop on ‘Credit Risk Management & Trade Finance’ organized by International Chamber of Commerce (ICC) - Bangladesh, the world business organization at a local hotel in the city on Saturday (07-12-2013).
ICCB President said, a number of state-owned and private commercial banks are faced with huge loan default due to fraudulence practices by some officials of few commercial banks (both public and private) in connivance with some ill-motivated unscrupulous clients.
‘More than Tk.4,000 crore have been siphoned out from two s...
