Bangladesh made spectacular economic progress despite limited resources: ICCB United News of Bangladesh (UNB)
Bangladesh, July 12 Bangladesh has made spectacular economic progress over the last five decades despite limited resources, International Chamber of Commerce, Bangladesh (ICCB) President Mahbubur Rahman said Sunday. The GDP growth rate has reached a record high. Per capita income has also risen steadily, he said.
Rahman made the remarks while presenting the Executive Board Report of ICC Bangladesh for 2020 in its annual council held virtually in the city.
He said the country has achieved near self-sufficiency in food production for its population of 170 million. The country now even shoulders the burden of the world s largest refugee population of over 1 million Rohingyas who have fled persecution in neighbouring Myanmar, Rahman said.
Bangladesh needs to bring in further progress to the business regulatory environment in order to retain and attract foreign investors, said the top leader of the trade body of global firms operating in the country. "The proposed corporate tax cut is not enough. Other facilities like the ease of doing business are also needed," said Rupali Chowdhury, president of the Foreign
Leading trade bodies welcome tax cuts
Say implementation is a major challenge
Photo - Star Digital Graphics
Staff Correspondent
Staff Correspondent
Leading business associations yesterday lauded the government s proposed budgetary measures, but pointed out that implementing those would be a major challenge.
The reaction came a day after Finance Minister AHM Mustafa Kamal proposed the Tk 6,03,680 crore national budget, offering a cut of 2.5 percentage points in corporate taxes for listed and non-listed companies and tax exemptions for several sectors to stimulate investment in manufacturing.
In its reaction, the Metropolitan Chamber of Commerce and Industry (MCCI) said the proposed budget for the next fiscal year 2021-22 was courageous and forward-looking in many aspects, but its proper implementation would face major challenges.
Bangladesh needs to strengthen its competitiveness
FICCI suggests
25th February, 2021 11:06:28
Foreign Investors’ Chamber of Commerce and Industries (FICCI) has suggested that Bangladesh need to strengthen its competitiveness, including the necessary regulatory reforms, international cooperation, and develop skills and exploit opportunities.
The insights and suggestions have merged at a policy roundtable organised by the FICCI, with technical support of Policy Exchange Bangladesh.
Prime Ministers Private Industry and Investment Adviser Salman F Rahman was present at the programme as the chief guest while Bangladesh Investment Development Authority (BIDA) Executive Member 1 attended as special guest.
FICCI President and Berger Managing Director Rupali Chowdhury chaired the programme.