Dhaka, April 28 (UNB) - European Ambassadors on Sunday called on the government to take practical action with a view to improve the ease of doing business in Bangladesh.
The Heads of Mission of the European Union, Denmark, France, Germany, Italy, the Netherlands, Spain, Sweden, the United Kingdom made the call while participating in the 5th plenary of the EU-Bangladesh Business Climate Dialogue held at the Commerce Ministry.
Commerce Minister Tipu Munshi chaired the dialogue while Commerce Secretary M Mofizul Islam and European Union Ambassador RensjeTeerinkco were present.
Senior officials from relevant Ministries and agencies as well as by the Heads of Diplomatic Missions of the EU Member States and representatives of the EU private sector in Bangladesh were also present.
The EU-Bangladesh Business Climate dialogue was initiated in May 2016 between the EU Business Council in Dhaka and the Commerce Ministry, with the aim to jointly remove impediments that obstruct EU trade and investment in Bangladesh.
The Heads of Mission underlined that the Business Climate Dialogue is a good opportunity for Bangladesh to seek feedback from important EU stakeholders on improving the business environment and, by doing so, attract more EU trade and investment to the country.
This would be beneficial both to Bangladesh and the EU, said the EU Embassy in Dhaka.
They noted that the policy reform process in Bangladesh has proved to be lengthy and complex.
Regulatory unpredictability, uncertainty, and the lack of coherence in policy implementation are major barriers to doing business, as highlighted in recent international and domestic reports.
They called on the dialogue to be used by both sides as a vehicle to deliver improvements.
They said that there is a need for action in favour of reform at all levels within the Ministries.
Political declarations should be accompanied with corresponding actions aimed at improving the modus operandi within the administrations.
The Heads of Mission further suggested the government to take steps to make doing business easy and fair for all.
They expressed a desire that the Government will carry out in a timely manner necessary policy reforms in favour of a transparent, accountable and predictable regulatory regime in order to encourage more trade and investment from Europe.
The Heads of Mission fully endorsed Prime Minister Sheikh Hasina’s vision to secure by 2021 double-digit ranking for Bangladesh in the World Bank’s ease of doing business index from the current 176th position out of 190 countries.
They welcomed the willingness expressed by the Commerce Minister to address shortcomings in the Dialogue by producing a time-bound Action Plan on trade policy reforms implementation with precise outputs.
They sensed a new energy in the Dialogue further to the Minister's engagement in resolving existing challenges in the Joint Working Groups deliberations.
Among other issues, they stressed that reducing any uncertainty in the current tax regime is crucial.
Keeping on the horizon the national visions to become middle income economy by 2021 as well as secure a sustainable LDC graduation in 2024, the EU Heads of Mission see great potential in Bangladesh for further bilateral trade and investment.
EU as Bangladesh’s largest trade, development and humanitarian partner will continue to work constructively with the Government of Bangladesh towards better trade and investment relations.
The next meeting of the EU-Bangladesh Business Climate Dialogue with the Commerce Minister will be held in six months' time.
The envoys hoped that significant progress in terms of policy reforms will have been achieved by then.
Dhaka, Apr 26 (UNB)— The Tecno Camon i4 phone has been launched in Bangladeshi market.
One of the biggest highlights of the latest offering from Transsion Holdings brand is a triple rear camera.
The phone, sporting a 6.2-inch HD+ display, also has a face unlock and fingerprint unlock features. It runs on HIOS 4.6, based on Android 9.0 Pie, and has a powerful 3,500mAh battery and ‘rocket’ fast charging, the company said in a statement.
The display has an aspect ratio of 19.5:9 and an 88.6 percent screen-to-body ratio. The 2GB and 3GB RAM variants are powered by the quad-core MediaTek Helio A22 SoC, while the 4GB RAM variant is powered by the octa-core MediaTek Helio P22 SoC.
All two variants of Camon i4 sport a triple rear camera setup, with a 13-megapixel primary sensor (f/1.8 aperture), an 8MP ultra-wide angle lens (120-degree), and a 2MP depth sensing sensor.
The rear setup is coupled with a quad flash module, the company said.
On the front, the i4 has a 16MP camera with an f/2.0 aperture, 2-micron pixels, and a special low-light photography mode.
The series offers two internal storage variants of 32GB and 64GB. Both are expandable via microSD card of up to 256GB.
The 3GB RAM variant with 32GB storage will cost Tk12,990. Customers will have to shell out Tk17,990 for the 4GB RAM variant that offers 64GB internal storage.
Dhaka Apr 26 (UNB)- Indonesian businesses are keen to invest in several Bangladeshi sectors including energy, rail, tourism and infrastructure as they see immense potential in them.
“Indonesia and Bangladesh are considered emerging economies with a combined population of 420 million. It’s a huge market that we have to utilise in the best way possible,” said Rina P Soemarno, Indonesian ambassador to Bangladesh.
Speaking at Indonesia Fair 2019 Business and Investment Forum at International Convention Centre of Bashundhara in Dhaka on Friday, she called for joint efforts to increase bilateral trade volume.
She noted that the two countries share common views on many regional and international issues such as environment, food and energy security, poverty and disaster management, terrorism, and trans-national crimes.
Soemarno said that her country views Bangladesh as a potential market for Indonesia’s strategic and leading industries, as well as investment.
Bilateral trade between the two countries rose to $ 1.97 billion last year, a 48 percent increase since 2016, she said.
In the first two months of this year, trade volume has reached $ 410 million – 11 percent more compared to the same period last year.
“Indonesian entrepreneurs and companies have also shown interest in Bangladesh and invest in the country,” the ambassador said.
The two countries completed the first round of negotiations for the Indonesia-Bangladesh Preferential Tariff Agreement in February this year.
Ambassador Soemarno said the negotiations are expected to be completed and the IB PTA signed in the first half of 2020.
She said that Indonesian businesses have also shown strong interests for investment and joint venture in Bangladesh.
Railways Minister Md Nurul Islam Sujan said that the bilateral relation has taken a new shape.
“We can be more active and share mutual interest, and boost the longstanding relation of mutual cooperation,” he noted, adding that the bilateral trade has grown steadily in recent years.
Paban Chowdhury, executive chairman of Bangladesh Economic Zones Authority, said that they are trying to complete 100 economic zones within 15 years. Thirteen economic zones have been completed and 10 are in operation.
“Many foreign countries are keen to invest in Bangladesh now. Bangladesh is ready for foreign investors,” he said.
Dhaka, Apr 25 (UNB)- Abdullah Al Mohsin Chowdhury, secretary of Environment, Forest and Climate Change Ministry on Thursday expressed his hope that Walton will be a renowned brand in the global market shortly.
“Now, Walton has captured a lion market share in the domestic electronics market. I hope that they would be able to continue such success in the international market. Walton will be a reflection of Bangladesh among the global buyers,” he said.
The environment secretary came up with the remarks after inspecting the progress of the phase out of HFC (Hydrofluorocarbon) in refrigerator and compressor at Walton Hi-Tech Industries Limited (WHIL) in Chandra of Gazipur.
During his visit to WHIL, MoEFCC’s Additional Secretaries Dr. Nurul Quadi and Md Mozahed Hossain, Deputy Secretary Shamshur Rahman Khan, UNDP’s Assistant Resident Representative Md Khushid Alam, National Consultant on Chemicals and Montreal Protocol Ashraful Ambia, IMED’s Director General and Additional Secretary Md Kamrumzzaman, Department of Environment’s Director General and Additional Secreatry Dr Sultan Ahmed, Director Md Ziaul Haque and Project Coordinator Dr Satyendra Kumar Purkasyastha, were also present there among others.
WHIL’s Executive Directors SM Zahid Hasan, Alamgir Alam Sarker, Shoyeb Hossain Nobel and Golam Murshed, Deputy Executive Director Meer Muzahedin Islam, Sharif Harunur Rashid, Operative Director Tawfiq-Ul-Quader and Ishaque Rony, and Additional Operative Director Khondker Shahriar Murshid were also present there.
Dhaka, Apr 24 (UNB)- Red Hat, a global open source solutions provider has been undergoing a massive digital transformation aiming to expand it’s business in the country.
The American multinational software company aims to strengthen the partner ecosystem and help enterprises to accelerate their digital transformation across industries such as banking and finance services, telecommunications and government.
Senior officials of Red Hat India and South Asia came up with their focus at a press conference on Wednesday at the Westin Hotel.
Neeraj Bhatia, Director-Partner, Alliances and Commercial Sales and Ameeta Roy, Director of Solution Architecture and Palashendu Bhattacharya, Head of sales – State Government and Commercial Business of Red Hat India and South Asia addressed the media.
Neeraj Bhatia said that “the open source can accelerate innovation in Bangladesh’s digital economy. Recent industry reports indicate that cloud computing adoption in Bangladesh has gained momentum in the last few years. Red Hat hopes to empower local businesses to innovate with open hybrid cloud solutions.”
Ameeta Roy said, “Open Source has been a catalyst for digital disruption across the globe by allowing organisations to build an ecosystem that promotes faster innovation, enabling them to scale up, modify and add new features according to the changing trends and customer demands, she said.
Palashendu Bhattacharya said “Open Source solutions are core to innovation in areas like cloud computing, containers, mobile, artificial intelligence, machine learning and beyond. 100 percent of Fortune 500 companies in the airlines, commercial banks, telecom industries rely on Red Hat.”