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Trade Body

FBCCI members to arrive in Tehran soon

Bangladeshi Ambassador to Iran Khandakar Abdul Sattar announced on Saturday that members of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will pay a visit to Iran in near future to investigate broadening economic ties. “Dhaka is interested in the expansion of all-out ties with Tehran and expects bilateral relations FBCCIto increase further in future,” Abdul Sattar said after a meeting in Qazvin province, Northwest of Tehran. Last March, Iran’s Vice-President Mohammad Shariatmadari and Bangladeshi Minister of Religious Affairs Moti...

Bankers’ should minimize credit risk, says ICC workshop

Banks today are the largest financial institutions around the world, with branches and subsidiaries throughout everyone’s life. However, commercial banks are facing risks when they are operating credit related activities. image002Credit Risk is one of the most significant risks that banks face, considering that granting credit is one of the main sources of income in commercial banks. Therefore, the management of the risk related to credit affects the profitability of the banks said Mr. Muhammad A. (Rumee), Chairman, ICCB Standing Committee on...

ICC,B team at UN-ESCAP Meeting

ICC Bangladesh (ICC,B) President Mahbubur Rahman, Vice President Mrs. Rokia A. Rahman and Former DCCI President Asif Ibrahim left Dhaka for Bangkok to attend 9th ESCAP Business Advisory Council (EBAC) Meeting today (19 May). [caption id="attachment_16065" align="alignleft" width="300"]FullSizeRender ICCB President Mahbubur Rahman (right), ICCB Vice President Rokia Rahman (left) and Former President of DCCI & BUILD Chairman Asif Ibrahim (2nd from left) seen at the photo session of the 9th UNESCAP Business Advisory Council Meet...

Political stability required for higher growth, says ICCB

Bangladesh economy, over the past decade, has maintained a healthy 6%-plus growth rate, despite global shocks. Sustained growth has generated higher demand for improved infrastructure including uninterrupted power supply, better transport and telecommunication services. All these require increased private investment, according to ICCB Executive Board Report. ICCB Annual Council PhotoIn the budget of current fiscal, the government has set 7.3% growth target. To achieve the target, according to ADB, the total i...

US wants more business-friendly environment

Washington wants to see a more business-friendly environment in Bangladesh through establishment of a smooth dispute resolution system. US ambassador Marcia Stephens Bloom Bernicat has also stressed the need for protecting intellectual property rights for the safety of business operations including Marcia_Bernicatuse of technology, reports Bangla daily Prothom Alo. “Clear pathways to dispute resolution making bureaucratic interaction more user-friendly are essential to boosting the appeal of Bangladesh’s commercial environment...

Seminar on factoring for foreign trade in city

Importers are no more interested to import through opening L/C. Under L/C, importers have to provide required margin and sufficient security to their banks in order to confirm L/Cs. Even for a successful importer, there comes a time when the growing requirements for L/Cs margin go beyond the importer's financing ability and L/Cs coverage exceeds the security available to give to the bank. Moreover, importers need to approach banks for issuing L/Cs on each occasion of importing goods from abroad, which is really time consuming for foreign trade.