Commercial disputes can be resolved through mediation if encouraged by the regulators, but settling such disputes can take four years in Bangladesh. Also, many countries have introduced reforms like automatic assignment of cases to judges, specialised commercial court, electronic payment, and expansion of the alternative dispute resolution (ADR) framework to improve the litigation system. They made changes to applicable civil procedure or enforcement rules and expanded court automation, too. Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman said this while addressing the webinar "Country Competitiveness of Bangladesh: Key Reforms in Doing Business" organised by DCCI Saturday. Also read: It's time to change the mindset on taxpaying: Salman F Rahman The Global Competitiveness Index 2019 ranked Bangladesh 105 and the report also highlighted a profound competitiveness deficit in LDCs, he said. To overcome the transition of economic graduation and to be among the top 100 in the World Bank's Ease of Doing Business Index, improving competitiveness is a prerequisite for Bangladesh, Rizwan continued. "However, Bangladeshi policymakers are yet to take necessary initiatives in association with the private sector for improving country competitiveness." Salman F Rahman, the prime minister's private industry and investment adviser, said at the webinar: "The entire judicial system needs revamping. We need to resolve the disputes quickly." Also read: Salman encourages introduction of Sukuk Bond in Bangladesh market "But the mediation and arbitration system are not being used widely in the country due to not having a standard civil litigation management timeframe," he continued. Law and Justice Division Secretary Md Golam Sarwar said, "We are going to implement an e-judiciary project to foster effective and speedy disposal of cases including commercial disputes. Steps have been taken to amend the existing Insolvency Act 1997." "For effective settlement of commercial disputes, the government is planning to set up commercial courts in Dhaka and Chattogram."

The Dhaka Chamber of Commerce & Industry (DCCI) on Tuesday urged the government to create a flexible regulation to bring informal businesses into the mainstream for their record and traceability so that access to fiscal benefits can be ensured.

Turkish investors are keen interest to invest in the jute sector of Bangladesh, Ambassador Mustafa Osman Turan said Tuesday.

Dhaka Chamber of Commerce and Industry (DCCI) on Monday called on the government to formulate an SME act and redefine cottage, micro, small and medium enterprises (CMSMEs) in the upcoming Industrial Policy.

Rizwan Rahman, Managing Director of ETBL Securities & Exchange Ltd. has been elected as President of Dhaka Chamber of Commerce & Industry (DCCI) for the year 2021.

DCCI President Shams Mahmud has urged the newly appointed Chairman of Bangladesh's  Financial Reporting Council (FRC), Dr Md Hamid Ullah Bhuiyan, to raise the threshold limit for financial reporting to such an extent so that the SMEs do not default on compliance norms. Shams has also sought active cooperation from FRC to facilitate the country’s SME sector to be more competitive in the global market. On his part, Dr Md Hamid has assured to look into the issues and also promised to try to accommodate the requests "as much as poss

Shams Mahmud has been elected President of Dhaka Chamber of Commerce and Industry (DCCI) for the year 2020.