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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

Dhaka Attack
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"]

Thai governor expects more business thru’ sea ports

Thai biz
Governor of Ranong Province of Thailand Mr. Suriyan Karnjanasilp expressed expectation to Businessmen of Bangladesh and Thailand to raise bilateral business by using both countries’ sea port in a Business Meeting between Bangladesh Thai Chamber of Commerce & Industry (BTCCI) and the Delegation of the Thai Port Authority at the Dhaka Club Ltd on February 8, 2016 organized by BTCCI. The 13 member high profile Thai delegation is visiting Bangladesh to explore feasibility of signing MoU for direct coastal shipping between Chittagong port of Bangladesh in the Bay of

IIEB gets new leadership

Mr. Hafizullah, CEO of Karnaphuli Insurance and Md. Imam Shaheen, CEO of Asia Insurance Ltd. have been elected as the President and Secretary General respectively of the Institute of Insurance Executives Bangladesh (IIEB) for the two year terms 2016-2017. IIEB is the professional’s social organization of high ranking serving and retired executives including Managing Director of insurance companies of Bangladesh. The members of the elected Executive Committee include, Mr. image003Mahamudun Nabi, Md. Mahfuzul Bari Chowdhury, A.Q.M. Wazed...