Tag Archives: FBCCI

FBCCI welcomes scope for whitening black money


MNA Business Desk: The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has welcomed the black money whitening facility in the proposed budget national budget for the 2019-20 fiscal year. The apex trade body also described the budget as ‘public and business-friendly’. “We thank Prime Minister Sheikh Hasina and Finance Minister AHM Mustafa Kamal for announcing such a public and business-friendly budget,” FBCCI President Sheikh Fazle Fahim said at a budget reaction press conference in Dhaka on Saturday, reports UNB. Welcoming the black money whitening windows, he said, “We see positive things in the budget.” Replying a question, he ...

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Dhaka, Phnom Penh sign 10 instruments


MNA Business Desk: Bangladesh and Cambodia on Monday signed 10 instruments, including one agreement and nine (MoUs), aiming to enhance cooperation in various fields, including tourism, agriculture, civil aviation, ICT and technical education between the two countries. The instruments were signed after the official bilateral talks between Bangladesh and Cambodia held at Peace Palace in Phnom Penh in the morning. Prime Minister Sheikh Hasina led the Bangladesh side at the talks, while her Cambodian counterpart Hun Sen led his home side. The agreement signed on Monday is on cooperation between the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) ...

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Dhaka, Singapore sign 3 MoUs


MNA Business Desk: Bangladesh and Singapore on Monday signed three memoranda of understanding – MoUs – to facilitate information exchange, trade and investment opportunities and promote business interests here. The MoUs were inked during the two countries Business Forum jointly organised by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and Singapore Business Federation (SBF) at a city hotel. Bangladesh Investment Development Authority (BIDA) and SBF signed of the MoUs while FBCCI and SBF another one, and Bangladesh Business Chamber of Singapore (BDCham) and FBCCI the 3rd one. Industries Minister Amir Hossain Amu was the chief guest at ...

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Shafiul Islam new FBCCI president

Shafiul Islam

MNA Business Desk: M Shafiul Islam Mohiuddin has been elected new president and Sheikh Fazle Fahim as first vice-president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) for the 2017-19 term. Besides, M Muntakim Ashraf has been elected vice-president of the FBCCI as seven other vice-president candidates withdrew their nominations. FBCCI election conducting committee chairman Ali Ashraf announced the names of three winners at the conference room of the federation building in the city on Tuesday. However, the official result will be announced on May 21. The biennial election to the apex trade body was held at ...

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Muhith, FBCCI exchange heated words over new VAT law


MNA Editorial Desk: A forum of businessmen today exchanged heated words with Finance Minister AMA Muhith centering Bangladesh Chambers of Commerce and Industry (FBCCI)’s proposal over new VAT law. The argument took place at a meeting jointly organized by National Board of Revenue (NBR) and Bangladesh Chambers of Commerce and Industry (FBCCI) at Bangabandhu International Conference Centre (BICC) in Dhaka this noon. At one point in the discussions Business Unity Forum Secretary and FBCCI Director Abu Motaleb claimed the government was levying the new VAT without providing small businesses sufficient training in how to deal with the new tax. Abu ...

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FBCCI election hearing adjourned till 30 March


MNA Business Desk: The Supreme Court on Monday adjourned the hearing on a petition filed over the process of holding election to the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) till 30 March. A three-member bench of the Appellate Division, led by chief justice S K Sinha, passed the order as there was a mistake in the paperbook. On 23 March last, the chamber judge’s issued the rule after a hearing on the petition filed by the FBCCI against an HC order that stayed the process of holding the election for two months. The Chamber Judge also sent ...

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Bangladeshi, Chinese firms signed $13.6 billion in trade


MNA Business Desk: Bangladeshi and Chinese firms have signed $13.6 billion in trade and investment deals on the sidelines of President Xi Jinping’s brief tour to Bangladesh, a trade group official said Saturday. The deals are in addition to $20 billion in loan agreements that the two governments signed on Friday, in a mark of Beijing’s growing ties with Dhaka, which is a very close ally of regional power India. The deals were signed after the FBCCI, Bangladesh’s top trade and business lobbyist group, and the China Council for Promotion of International Trade (CCPIT) organized a two-day tete-e-tete between business ...

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Bank branches to remain open on 4 July


MNA Business Desk: Over multiple change of the decision, it was finally declared that, bank branches to remain open on 4 July. Central Bank of Bangladesh on Tuesday asked banks to keep their branches open at shopping centers and garment industry areas across the country till 4 July to enable export and import, cash transactions and payment of wages. Orders were already issued to keep the bank branches at garment industrial areas open on 2 July and 3 July. These branches will only deal in deposits and withdrawals ahead of Eid-ul-Fitr. Bangladesh Bank procured this pronouncement following a request made ...

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FBCCI and JETRO to promote Japanese investment


MNA Business Desk: The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and Japan External Trade Organization (JETRO) will quickly launch a combined enterprise to promote investment in Bangladesh from one of major economies of the world. JETRO, a government association of the island state in the Pacific, is set to sign a memorandum of understanding (MoU) with the top trade-body of Bangladesh – FBCCI, on encouraging bilateral trade and venture. “We are expecting large-scale investment from Japan in bigger projects in Bangladesh”, FBCCI President Abdul Matlub Ahmad said. He is now leading a 30-adherent FBCCI team, as backup ...

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