The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), the country's apex trade body, is contemplating holding two separate conventions with the two major political parties in presence of their top leaders.
Business people and chamber leaders yesterday committed that they will keep the prices of essentials at tolerable level during the month of Ramadan. The commitment came at a meeting of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) with its President Annisul Huq in the chair.
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) goes into polls today to elect 24 directors, 12 each from both chamber and association groups.
A set guideline is needed to woo the private sector for funding under Corporate Social Responsibilities (CSR), noted economist Professor Wahiduddin Mahmud has said.
Terming the proposed budget for 2008-09 fiscal as populist, the country's apex trade body FBCCI yesterday said its successful implementation is highly dependent on peaceful political situation.
The FBCCI Foundation has taken up two projects to reduce poverty through employment generation. The projects are Employment Project and One Family-One Businessman. At least 10,000 males and females will be employed through the first project. They will be posted in bakeries and restaurants under Bangladesh Bread, Biscuit and Confectionery Manufacturers Association and Bangladesh Restaurant Owners Association.
Bangladesh saw a record $ 1.8 billion export growth raising the total to around $10.5 billion last fiscal year despite a substantial fall in prices of products in the global market. "Export had the highest ever surge in fiscal 2005-06, fetching around $1.8 billion more than in the previous year, " said a source in the Export Promotion Bureau (EPB).
Commerce Minister Faruk Khan yesterday agreed with businessmen, bankers and experts to change the decades-old Foreign Exchange Regulation Act (FERA) immediately to tap the growth potential of the country. The minister and the businessmen said unanimously that FERA is affecting the country's economic growth.
The country's apex trade body yesterday suggested that the government should float public-private partnership (PPP) bonds on the stock market to raise funds to cover a deficit budget. Raising funds through PPP bonds will help the government reduce its dependency on bank borrowing and foreign aid to meet the deficit in the budget, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) said in its reaction to the proposed budget.
A proposed hike in VAT and other taxes will increase the prices of essentials and burden consumers, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) said yesterday.
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