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.
Dhaka, Apr 19 (UNB) - US Ambassador to Bangladesh Earl R Miller has met Chittagong Port Authority Chairman Rear Admiral Zulfiqur Aziz and toured the seaport facilities through which over 90 percent of Bangladesh’s trade flows.
They discussed the important role US private business investment could play in port upgrades and other construction projects.
The US envoy visited Chattogram on April 16-19 to promote bilateral trade and investment, support the growing military partnership between the United States and Bangladesh, and bolster people-to-people ties, said the US Embassy in Dhaka on Friday.
Ambassador Miller visited US private energy company Excelerate, whose Floating Storage and Regasification Unit (FSRU) in the Bay of Bengal is supplying natural gas used to produce power for Chattogram’s six million residents and its entire industrial area.
The FSRU has a 500 million standard cubic feet of gas per day regasification capacity, increasing Bangladesh’s ability to reliably use its domestic natural gas reserves.
Ambassador Miller met business leaders to learn more about local industries that contribute to the economic development of both the Bangladeshi and US economies.
He also visited a ship-breaking yard and a steel melting and re-rolling facility.
Miller reiterated the importance of worker rights and safety, and called on business leaders to protect workers and the environment and put an end to child labor.
In support of growing US-Bangladesh military ties, Ambassador Miller gave remarks at the closing ceremony of a US-Bangladesh Special Warfare Diving and Salvage (SWADS) exercise.
The exercise included modules on human rights, first aid, and mission planning.
The US envoy laid a wreath and planted a tree to honour Seaman Mohammad Nurul Islam who was killed during a UN Peacekeeping Operation (PKO) in 2005.
He paid his respects to the 146 Bangladeshis who have lost their lives in PKOs, and expressed his appreciation for Bangladesh’s support of international peace and security as the second largest troop-contributing country in the world.
Miller also visited the American Corner at Chattogram Independent University (CIU), where he met two-time Fulbright Fellow and CIU Vice-chancellor Dr Mahfuzul Hoque Chowdhury and engaged with Bangladeshis attending an event on autism awareness, in commemoration of World Autism Awareness Day.
He highlighted the opportunities of studying in the United States as well as the EducationUSA information and services offered at the Corner.
He later met with the founder and the Vice Chancellor of the Asian University for Women to express his support for their dedication to women’s education and leadership development including Rohingya students.
The US Ambassador visited the Chattogram War Cemetery where he laid a wreath at the grave of American pilot William B Rice, who lost his life as a member of the British Royal Air Force during World War II.
He also laid a wreath at the Cross of Remembrance in honour of the sacrifices of all who died in the conflict.
Dhaka, Apr 19 (UNB) - A seminar on the business potentials of Bangladesh was held at the conference hall of Fukuoka Chamber of Commerce and Industries on Friday under the auspices of Embassy of Bangladesh in Japan.
Various aspects of doing business and investment opportunities in Bangladesh were discussed in the seminar. Recent economic development trend of Bangladesh under the able leadership of Prime Minister Sheikh Hasina was lauded at the event.
More than one hundred participants including a visiting Bangladeshi business delegation attended the seminar. Naonori Tsuchiya, the Chairman of Fukuoka Foreign Trade Association (FFTA) delivered the welcome speech at the program. The Keynote Presentation was made by Mohammad Hasan Arif, Commercial Counsellor of the Embassy of Bangladesh on the potentiality of Bangladeshi business and investment opportunities.
Daisuke Arai, country representative of Japan External Trade Organisation (JETRO) Dhaka, explained the opportunities and challenges for Japanese investors and businessmen in Bangladesh, said a press release of Embassy of Bangladesh in Tokyo of Japan.
He also described the facilities that Bangladesh government is offering to the investors. Deputy Director General of South Asia Department of JICA, Teruyuki Ito highlighted the Bangladesh’s economy and updated about JICA’s efforts in the development process of Bangladesh.
Besides, Ashir Ahmed, Associate Professor of Kyushu University lectured on the ‘Innovation and Entrepreneurship Opportunities for Japanese Organisations in Bangladesh’. Hidefumi Ikemoto of Towa Corporation, a Japanese company operating in Bangladesh shared their experiences of managing business in Bangladesh.
The seminar was co-organised by JETRO Fukuoka, United Nations Industrial Development Organization (UNIDO), Fukuoka One Stop Kyougikai, FFTA, Fukuoka Asia Business Center, Organization for Small & Medium Enterprises and Regional Innovation, Japan and was supported by JICA, Kyushu Economic Federation, and The Japan Bangladesh Committee for Commercial and Economic Cooperation (JBCCEC).
A video documentary was screened on the economic development of Bangladesh. The event ended with the question-answer and business networking session.
Dhaka, Apr 18 (UNB) - Bangladesh is an important market for trade finance within Asia and the country has become one of Asia’s most remarkable success stories recently, said president of International Chamber of Commerce (ICC), Bangladesh, Mahbubur Rahman.
Mahbubur Rahman came up with the remarks at the closing ceremony of ICC Workshop on Trade Finance and Best Practices in Demand Guarantees organised by ICC Bangladesh at a city hotel in Dhaka on Wednesday.
He cautioned that with the growing business complexities, technological changes, market expectations and financial crimes, trade services are becoming increasingly challenging for banks and financial institutions of our country, similar to the other trading nations. Time has come to identify the exposure of banks on international bank guarantees; and it seems crucial now to formulate guideline/sets of rules for such guarantees and adopt international rules associated with bank guarantees and standby LCs, he mentioned.
Workshop Resource Person Dr Andrea Hauptmann, Senior Global Consultant on Trade Finance, Raiffeisen Bank International AG, Austria and ICCB Secretary General Ataur Rahman also spoke on the occasion, said a press release on Thursday.
A workshop on the same topic held in Chittagong on 16 April. A total of 123 participants from banks, BIBM & Law Farm in Dhaka and 70 participants from banks in Chittagong attended the workshop.
Dhaka, Apr 17 (UNB)- Speakers at a meeting urged the government to simplify export and import process through the Benapole land port.
They called for capacity enhancement, developing infrastructure and continuing 24 hours operation of the port for smoother export and import process at a meeting held recently at Benapole Custom House Office.
Dhaka Chamber of Commerce and Industry (DCCI) and Benapole Custom House jointly organised the meeting, according to a media statement released Wednesday.
An 11-member delegation from DCCI discussed existing problems of the port in terms of export and import. Benapole C&F Association and businessmen who use the port were also present.
DCCI Vice-President Imran Ahmed said that the bilateral trade between Bangladesh and India is now $9.4 billion. The port is mostly used for export and import activities between the neighbors. In 2017-18, Tk4872.72 crore was collected from the port as revenue.
He said that the port’s current capacity is 40,000 tonnes but it handles about 1.5 to 2 lakh metric tonnes of goods.
In order to expedite export and import processes, he suggested setting up adequate sheds for goods, simplification of product clearance, reducing hidden cost, solving problems of testing facility for food items.
He also urged for expansion of Jashore-Benapole highway to six-lane, high speed internet at the port, dedicated uninterrupted electricity supply and establishing science lab.
He said due to lack of shed, most of the goods are kept under open sky and as a result, their quality degrades. Moreover, due to delay in product clearance, businessmen have to count extra interest of bank loan.
Imran requested to establish adequate sheds and warehouses in Petrapole port in Indian part and keep the port open for 24 hours.
Commissioner of Benapole Custom House Mohammad Belal Hossain said that Benapole Custom House has already been using modern software recognised by the World Bank to ease export and import process.
“For simplified customs procedures, the port authority has started four-step working process. Besides, for easing product clearance, a special seal is being used which reduces product clearance time. The port will be fully automated,” he added.
Additional Commissioner of the Port Mohammad Zakir Hossain, DCCI Directors Alhaj Deen Mohammad, Mohammad Basiruddin, Former Senior Vice President Alhaj Abdus Salam, former Directors Md. Alauddin Malik, Major Yead Ali Fakir (retd.), Convener Engineer. Shamsuzzoha Chowdhury, Members Mohammed Monium Khan, Monwar Hossain, Md. Zamsher Ali also were present there.