5:11 pm - Wednesday March 27, 5140
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Trade Body

Five-day ultimatum to end political crisis, threaten businesses

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...

Over alert in commercial banks hampers credit flow to pvt sector

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...

FBCCI demands income tax return submission till Dec 31

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the government to extend the time for submitting income tax returns till December 31, 2013. FBCCICurrently, the last date for submission of income tax return is December 1, 2013. A release of the apex trade body on Thursday said that there was no adequate response in income tax return submission so far, as political unrests hampered the activities of the businessmen. Besides, the last date for online registr...

DCCI to be pvt sector partner of WB

The Dhaka Chamber of Commerce & Industry (DCCI) will be one of the private sector partners of Water and Sanitation Program of World Bank (WB) at the Water Hackathon, App festival (Bangladesh Part) to be held in the mid of next January in Bangladesh. DCCI-logo DCCI has signed a deal to this effect on Monday with the Water and Sanitation Program-South Asia (WSP), World Bank, at the DCCI office in the capital. DCCI President and Chairman of Entrepreneurship and Innovation Expo Md Sabur Khan and Communications Specialist of WSP Mirva Moilanen signed...

BFEDA holds 20th AGM

The 20th annual general meeting (AGM) of Bangladesh Foreign Exchange Dealers’ Association (BAFEDA) for the year 2013 was held on Tuesday. Chairman of BAFEDA and CEO and Managing Director of Janata Bank Ltd, SM. Aminur Rahman presided over the meeting attended by the chief executives/ executives of 45 member banks of BAFEDA and executives of different banks. BAFEDAThe meeting reviewed the over-all situation of inter-bank foreign exchange market and noted with satisfaction that a stable and orderly situation prevailed in the inter-bank foreign exc...

Pol parties urged to keep export-import activities out of hartal

The political parties should ensure the smooth functioning of export-import and the supply chain, said Dr M Mojibur Rahman, chief executive officer of Bangladesh Foreign Trade Institute (BFTI). “I urge all the political parties to keep goods transportation system and other supply chain management system out of political programmes like hartal and blockade for the sake of the country’s economic development,” he said. The continuation of policy and political stability are a must for Bangladesh for its economic development, said the trade and investment expert. asia pacific report