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Regulators

ADB for increasing private investment

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Vice President of Asian Development Bank (ADB) Wencai Zhang today said Bangladesh needs to take steps to increase private investment for maintaining the present trend of economic growth. “Infrastructure development is imperative for Bangladesh to ensure an investment friendly environment,” said the visiting ADB vice president at a press conference here, reports BSS. He said Bangladesh needs to build developed road connectivity in the country and at the same adb1time it will have to attach importance to develop regional connectivity...

Regional integration to achieve sustainable development

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ICC Bangladesh President Mahbubur Rahman briefed the press about the forthcoming Asia-Pacific Business Forum (APBF) 2017 on Thursday 26 January. APBF on will be jointly organized by the International Chamber of Commerce (ICC) Bangladesh and the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) in Dhaka, Bangladesh, on 8-9 February 2017. The Forum will be held under the patronage of the Ministry of Commerce of the Government of Bangladesh. The theme of the 2017 Forum is “Regional Integration to Achieve Sustainable Development” as envisaged by the United Nations’ Sustainable Development Goals (SDGs). The Asia-Pacific Business Forum (APBF) is the flagship regional business event organized by

Export earnings to exceed $ 60b in 2021: Commerce Minister

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Four-day long 3 international sourcing trade shows on RMG industry with participation of around 400 companies from more than 24 countries began yesterday (18 January, 2017, Wednesday) at International Convention City, Bashundhara (ICCB) in a bid to making apparel industry more developed. Tofail Ahmed, M.P., Hon’ble Minister for Commerce, Govt. of People’s Republic of Bangladesh inaugurated the three international events as the chief guest. Annisul Huq, Mayor, Dhaka North City Corporation (DNCC) were also present at the event as the Special Guest. In the inaugural ceremony Tofail Ahmed said, Export earning was US$ 14 billion when the

Fitch affirms Bangladesh at ‘BB-‘; Outlook stable

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Fitch Ratings has affirmed Bangladesh's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BB-'. The Outlooks on the Long-Term IDRs are Stable. The Country Ceiling has been affirmed at 'BB-' and the Short-Term Foreign- and Local-Currency IDRs at 'B'. KEY RATING DRIVERS Bangladesh's ratings balance strong foreign-currency earnings and high and stable real GDP growth against weak structural indicators, significant political risk and weak banking-sector health. Bangladesh's external finances are supported by comfortable and gradually rising foreign-exchange reserves, amounting to USD32.1bn in December 2016 (7.9 months of current external payments, compared with 4.4 months f...

NBR holds partnership dialogue with CAB

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National Board of Revenue (NBR) has arranged a partnership dialogue with consumer’s association of Bangladesh (CAB), Intellectual Property Association of Bangladesh (IPAB), Joint Stock Company, Bangladesh Bank & BASIS with a view to protect revenue and ensure consumer rights. The dialogue has taken place in NBR conference room at the capital city Dhaka. Mr. Nojibur Rahman- chairman, NBR – Presided over the meeting where the high- officials of the government and representatives of the aforesaid parties were present. In this occasion, Mr. IPAB-Photo...
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Nordic Chamber, DI signs MoU on economic cooperation

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A Memorandum of Understanding (MoU) on Business, Trade and Economic cooperation activities between the Nordic Chamber of Commerce and Industry in Bangladesh (NCCI) and the Confederation of Danish Industry (DI) was signed on January 13, 2017 in Copenhagen. The MoU was signed by NCCI President Shamim Ul Huq and DI Deputy Director Peter Thagesen. Also present at the event were the Ambassador of Bangladesh in Denmark, H.E. 18-_DSC5215Muhammad Abdul Muhith, Ib Albertsen from IFU and Søren Robenhagen, Commercial Counselor ...