United News of Bangladesh

Bangladesh and Bhutan are seeking to strengthen bilateral trade ties, with a particular focus on agricultural products such as fruits, vegetables and spices. Business leaders from both nations emphasised the importance of expanding mutual cooperation to unlock the trade potential between the two South Asian countries. The discussions were held at a meeting organised by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) at its headquarters in Motijheel on Wednesday morning. The meeting brought together a visiting Bhutanese delegation and Bangladeshi business leaders to explore new avenues for collaboration. Leading the Bhutanese delegation was Dawa Dakpa, Regional Director of the Regional Agricultural Marketing and Cooperative Office (RAMCO). Also in attendance were Md Zafar Iqbal ndc, Head of FBCCI’s International Affairs Wing, and Dawa Tshering, Minister Counsellor (Commerce) at the Bhutanese Embassy in Dhaka. Gold price slashed after three consecutive hikes since Saturday: Bajus The participants highlighted the need to simplify import-export procedures to harness the full potential of the market. They also underlined the importance of improving supply chain mechanisms, developing supporting infrastructure, and increasing port capacities to facilitate more efficient trade flows. Among the Bangladeshi attendees were FBCCI’s former directors Haji Md Enayetullah and Dr Ferdousi Begum, along with AM Amirul Islam Bhuiyan, President of the Bangladesh Agro Feed Ingredients Importers and Traders Association, Md Zakir Hossain, and Sheikh Al Mamun. Stakeholders on both sides agreed that enhanced cooperation in the agricultural sector could pave the way for a mutually beneficial partnership, with emphasis on exploring untapped areas and capitalising on each country’s unique strengths and resources.

The leaders of the Anti-Discrimination Front of the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) have pledged that no election will be held without reforming the federation.They also promised that the anti-discrimination committee would resist any move to hold an election without reforming discriminatory rules and voter lists. FBCCI delegation to attend 5th World Fair & Fest Tampa Bay 2025 in USThey said these while speaking at an Iftar Mahfil organized by FBCCI members of the Anti-Discrimination Front held at the Officers Club in Baily Road on Saturday.For commerce adviser and BNP Vice-Chairman Barkat Ullah Bulu, Convenor of the anti-discrimination front of FBCCI Md. Zakir Hossain Nayan, Coordinators Abul Kashem Haider, Giasuddin Chowdhury, Atiqur Rahman, among others spoke at the pre-iftar discussion and Dua Mahfil.Adviser of the Religious Affairs of the interim government, AFM Khalid Hossain, attended the event. FBCCI seeks information on people making artificial crisis of chickens, eggsRepresentatives of FBCCI from different districts and divisional chambers were present at the Iftar Mahfil.

The two-day ‘5th World Fair & Fest Tampa Bay 2025’ is going to start on April 26 with the aim of exchanging global cultures, developing business relations, and expanding the travel and tourism sector. The fair is going to be held at the Tampa Heights Youth Development and Community Center in Florida, United States, under the initiative of the Association of World Fair & Fest USA INC. A formal announcement in this regard was made at a press conference at the National Press Club in the capital on Thursday. Representatives from different countries participating in this international event will open the door to new possibilities by establishing business and cultural contacts. The organizers expect that the event will play an important role in strengthening relations between the Bangladeshi diaspora and the global community. FBCCI seeks information on people making artificial crisis of chickens, eggs Florida State Representative Susan L. Valdas will be present as the chief guest at this event. Former State Representative Daisy Moral will be present as a special guest. Representatives from about 30 countries and important figures from local administration will participate in it. It was also informed in the press conference that a delegation of FBCCI from Bangladesh will participate in the fair and highlight the trade and investment potential of Bangladesh. The Bangladesh Consulate General of Miami will provide visa and visa-related services at the event. In addition to cultural performances, a spectacular dinner cruise will be organized for the participants in the event. RTV and Bayanna TV will be the media partners. In addition, Haven Tours and Resorts Limited will be the tour partner. Atiqur Rahman, Director of Association of World Fair and Fest USA INC, FBCCI General Council Member and prominent businessman Zakir Hossain Nayan, and prominent businessman Abul Hossain spoke at the press conference.

Abdul Awal Mintoo, a former president of the FBCCI and a senior BNP leader, has stressed that only an elected government can ensure accountability to the people and steer Bangladesh out of its current economic challenges. Speaking at a discussion titled "Current Business and Economic Scenarios: The Way Forward," held at the ERF Auditorium in Paltan on Monday, Mintoo highlighted the urgent need for an elected political government to restore investor confidence and promote economic recovery. Mintoo criticized previous unelected governments for derailing the country’s macroeconomic stability by undertaking unplanned and unproductive mega projects. Bureaucrats appear before people in many forms, it’s a problem: Dr Debapriya He noted that the reliance on costly short-term foreign loans to fund these projects has contributed to inflation and placed a burden on the economy that will take years to resolve. Highlighting the dire employment situation, Mintoo said that around 22-23 lakh youths are ready to enter the workforce each year, but job creation has stagnated due to dwindling investment and reduced private-sector credit flow. The government’s high-value foreign loan repayments are adding to the economic strain, forcing them to borrow from domestic banks. This is further limiting credit availability for private businesses, he explained. Mintoo argued that Bangladesh currently lacks an environment conducive to investment, deterring much-needed foreign investors. Mintoo also criticized some economists for making statements that he believes have exacerbated public anxiety during the ongoing economic crisis.  Indian FS Vikram Misri to brief media this afternoon “These economists do not contribute to asset or job creation. Their irresponsible comments have caused unnecessary panic among the public,” he said. Mintoo called on the government to create a trade- and investment-friendly environment, emphasizing that this is key to increasing job opportunities and fostering economic growth. If the private sector cannot operate in a free and fearless environment, investment will not grow, and neither will job creation, he said.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Administrator, Md. Hafizur Rahman, has called on district chambers to take proactive measures to manage commodity prices and ensure a steady supply of daily necessities. Govt to procure 55,000 MT soybean oil for OMS During an online exchange meeting with district chamber leaders on Sunday, Rahman emphasized the importance of regular market monitoring to effectively control prices. He also urged the chambers to remain vigilant in overseeing local markets.  

Mohammad Zahirul Islam alias Dalton Zahir has recently been selected as the co Chairman of the Standing Committee on Civil Aviation and Tourism of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). Zahir, also a director of Tourism Developers Association of Bangladesh (TDAB), was elected for the 2023-25 term, said a press release issued on Thursday. He is the founder and CEO of Traveller Key, Europe Key, Traveller Times, Welcome Bangladesh and World Vacation Club. Zahir worked as Head of Sales and Marketing of BRAC Services Ltd (BSL), the management of BSL said in a statement. Read more: Baklai Waterfall in Bandarban: How to Get to One of the Tallest Waterfalls in Bangladesh He also served at Rose View Hotel, Sylhet. He has 22 years of experience in hospitality, tourism, public relations, media communications, branding, sales, marketing, and operations. He also worked for Grand Sultan Tea Resort and Golf, Ocean Paradise, Lakeshore Hotel, Motorola Mobile, Apple Computer, Philips Mobile, and Fujifilm Digital Camera Distribution for Bangladesh (Jel Corp HQ in Singapore). Zahir, curious about the tourism and hospitality sector, has been working to explore tourism potentials focusing on beautiful Bangladesh for its different places, cultures, and cuisines. His thirst to devise tools and to draw a blueprint to attract tourists makes him dexterous in hospitality and tourism. A travel loving personality, Zahir visited the UK, Germany, South Korea, Singapore, Poland , Denmark , Austria , Czech Republic ,Spain, France,  Switzerland,Portugal, Netherlands, Malaysia, India , Nepal , Myanmar , China and the UAE. He also participated in various esteemed events like India ’s largest event Travel Tourism Fair, ITB Berlin (World’s largest travel tourism fair in Germany), WTM London (Best World Travel Market, UK) and photo competitions of USA , Germany and France. Read more: Royal Enfield 350: Review of 350cc Motorbikes Coming in Bangladesh He has achieved the membership of the Photographic Society of America. Tourism Developers Association of Bangladesh, Tour Operator Association of Bangladesh, World Travellers Club Ltd. European American Chamber of Commerce of Industry, Pacific Asia Travel Association, New York Chapter USA, member of SKAL Madrid Spain.

The President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Mahbubul Alam invited Sri Lankan businessmen and investors to invest in the Special Economic Zones (SEZ). The FBCCI President made this call during a courtesy meeting with the high commissioner of Sri Lanka in Bangladesh Dharmapala Weerakkody at FBCCI’s Gulshan office on Sunday afternoon. Daraz launches Bangladesh’s first-ever free delivery festival Mahbubul said the government has been establishing 100 special economic zones in Bangladesh with All kinds of facilities including oil, gas, and electricity for the investors. Besides, one-stop service, e-platform, and many other attractive incentives are on offer to facilitate business and investment in Bangladesh. Sri Lankan businessmen can be benefitted by setting up industry here on their own or in joint ventures, he said. Bangladesh’s journey: From ‘basket case’ to aspiring economic powerhouse  He said garments, pharmaceuticals, eco-tourism, hospitality, etc. are some of the potential sectors in Bangladesh. If Sri Lankan investors want to invest in Bangladesh, FBCCI will provide all-out support. Speaking at the meeting, the Sri Lankan High Commissioner Dharmapala Weerakkody said that Sri Lanka has many business entrepreneurs who are interested in doing business in Bangladesh. Huawei offers 3-day free tour to MWC in Barcelona Besides many potential sectors, Sri Lanka receives a large number of tourists from Bangladesh every year. He said it is time to increase bilateral trade between the two countries. FBCCI president praised the Sri Lankan Central Bank's role in overcoming the economic challenges. Commercial Counselor of the Sri Lankan High Commission Srimali Jayarathna, FBCCI Vice-President Shomi Kaiser, Rashadul Hossain Chowdhury (Ronni), Secretary General Md. Alamgir, among others, were present at the meeting.

Prime Minister Sheikh Hasina on Sunday (January 21, 2024) inaugurated the month-long Dhaka International Trade Fair (DITF) at Bangabandhu Bangladesh-China Friendship Exhibition Centre (BBCFEC) at Purbachal. Five foreign countries -- Turkey, India, Pakistan, Singapore and Iran -- alongside local companies are taking part in the 28th edition of the fair where exhibitors will showcase products. Hong Kong, a special administrative region of China, is also participating in it. The Prime Minister also declared Handicrafts Products as the product of the year for 2024. State Minister for Commerce Ahsanul Islam, Commerce Secretary Tapan Kanti Ghosh President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Mahbubul Alam and vice-chairman of the Export Promotion Bureau (EPB) AHM Ahsan were also present on dais. Read: 4 Bangladeshi businesses participate in Mandalay International Trade Fair The fair will continue from January 21 to February 20. The Ministry of Commerce and the EPB have been organising trade fairs since 1995. The DITF usually commences on 1 January each year. However, the EPB postponed the fair due to the 12th national elections held on January 7. The trade fair will run from 10 am to 9 pm daily and to 10 pm on weekends. The entry fee is Tk 50 for adults and Tk 25 for children. Freedom fighters and the physically challenged people need no fee. BRTC buses have been arranged from Farmgate and Kuril Biswa Road to the fair premises for the convenience of general visitors. Read: BGMEA, Oxfam discuss ways to collaborate with buyers to make trade fairer A total of 330 stalls have been allotted along with 23 pavilions and 27 mini pavilions. There will also be 15 food stalls of different categories which can accommodate up to 500 people. There are also a prayer room, children's playground, media corner, office rooms, medical rooms, guest-rooms for officials, and stores. The parking area can provide facilities for 500 vehicles. Read more: Month-long trade fair in Chattogram kicks off today

The Federation of Bangladesh Chamber of Commerce and Industry (FBCCI), the apex organization of businessmen, has requested the National Board of Revenue (NBR) to extend the deadline for submission of income tax returns. The federation in a letter to the NBR Chairman said that due to the late publication of income tax circulars in line with the new Income Tax Act 2023, the businessmen are not prepared to submit returns. Read: FBCCI urges political parties to avoid violence for economy's sake  So, the deadline for filing returns need be extended until December 31 this year. The letter said due to the current political situation and upcoming parliamentary elections, many taxpayers may be able to file income tax returns by November 30. Some other business chambers have also requested the NBR to extend the tax return submission deadline. Read: FBCCI emphasises signing FTA between Bangladesh and Saudi Arabia  The Dhaka Taxes Bar Association has demanded an extension of the return submission deadline by another two months.

The nationwide blockades for the past few days have dealt a severe blow to the business landscape of Bangladesh, leaving wholesale markets desolate and causing a week-long economic slump. The impact has spread over areas like New Market, Chandni Market, Eastern Plaza, Elephant Road, Farmgate, Gulistan Market, Shantinagar, Kakrail, Mouchak Market, Rampura-Badda, Mirpur, Dhanmondi, Gulshan-Banani, and Uttara in Dhaka. Nawabpur, Chawkbazar, Islampur, Babubazar, Shankharibazar, Moulvibazar, and Bangabazar, also witnessed a decline in trade activities. Economy buffeted by political unrest amid declining forex reserves: Analysts Dewan Aminul Islam, President of Dhaka New Market Traders’ Association, said that sales were very low during the blockade. “There are no buyers. Small traders are suffering more. If the blockade continues, then we will be the most affected,” he said. Employees at Olympia Bakeryshop in the Baitul Mukarram area similarly report a decline in sales. They have resorted to a shift toward alternative sales strategies within familiar networks. Sabuj, a tea vendor at Paltan intersection, said his shop faced a significant contraction in sales over the past week. “I make TK10-12,000 per day. Now it’s Tk2-3,000," he said. Uncertainty, tension grip students, parents amid raging political crisis Farooq Hasan, President of BGMEA, told UNB “The sector was already suffering from a shortage of buyers in the international market. Now, due to internal political instability, we have to face a more difficult situation. As a result, not only the export sector will be affected, but the entire economy of the country will be affected.  It will also affect the reserves.” Mohammad Hatem, Executive President of BKMEA, expressed concern over escalating losses among traders. “The internal transportation of goods has been severely impeded. Industrial production witnessed a decline.Export sector is especially vulnerable to the ongoing blockade,” he said. The Exporters Association of Bangladesh (EAB) President, Abdus Salam Murshedi, told UNB that due to the blockade, businesses cannot collect the raw materials stuck at various ports due to the transportation crisis. Mahbubul Alam, president of Federation of Bangladesh Chamber of Commerce and Industry (FBCCI), called for a collective reconsideration of the ongoing strike blockade. With economic diversification, transformation, Bangladesh holds potential to achieve more: Swiss Ambassador Reto Renggli “Such programs, if prolonged, may lead to a standstill in the wheels of the economy,” he said. On October 29, a hartal was observed across the country called by BNP and other like-minded opposition parties. After the three-day blockade on October 31, the blockade continued on November 5 and 6, and after the two-day blockade, it continued on November 8 and 9 with a one-day break.