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.”
Dhaka, Apr 23 (UNB)- Speakers at a roundtable discussion on Tuesday suggested that the potentials of dairy sector should be utilized by providing grants to the farmers and reducing the production cost of milk.
The theme of the roundtable programme was “Present and future of dairy sector of Bangladesh” was organised by daily newspaper Prothom Alo in association with PRAN Dairy Ltd, at the newspaper's office in the capital. Prothom Alo Associate Editor Abdul Kaium moderated the roundtable discussion.
Dr Hiresh Ranjan Bhowmik, Director General at Department of Livestock Services, said the main barrier of country’s dairy sector is the production cost and another problem is maintaining the quality.
Ghulam Rahman, President of Consumers Association of Bangladesh, said the per capita consumption of milk in Bangladesh is below the required amount.
The demand of milk will increases if people are aware regarding the nutrition milk contains, he said.
Eleash Mridha, Managing Director of PRAN Group, said there is no alternative of taking concerted effort for attaining self-sufficiency in dairy industry.
Mohammad Imran Hossain, president of Bangladesh Dairy Farmers Association, said, In India, farmers get subsidy for producing milk but Bangladeshi farmers don’t get that.
Shafiqul Islam Laskar, Director General of Directorate of National Consumer Rights Protection, Advocate Umme Kulsum Smrity, President, National Dairy Development Forum and Md Muniruzzaman, Executive Director at PRAN Dairy, spoke at the roundtable discussion among others.
Dhaka, Apr 20 (UNB) - Rubana Huq took charge as the first female president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Saturday.
She will lead the organisation for the 2019-2021 term.
Outgoing BGMEA President Md Siddiqur Rahman handed over the charge to Rubana at their new office in Uttara.
Rubana, managing director of Mohammadi Group, is the wife of Annisul Huq, a former Dhaka North City Corporation mayor and BGMEA president.
Newly-elected First Vice-President Mohammad Abdus Salam, Senior Vice-President Foysal Samad, and five vice-presidents – SM Mannan Kochi, MA Rahim, Arshad Jamal (Dipu), Mohammad Moshiul Azom (Sajol), and SM Chowdhury (Salim), also took charge.
Two panels contested the April 6 BGMEA election led by Rubana and Jahangir Alam. All 35 directors were elected from Rubana-led Sammilita Forum.
Election to BGMEA body is scheduled to take place after every two years.
But after the last election in 2013, the forums decided to elect the board in consensus. Siddiqur served three years and seven months as BGMEA president.