Deep uncertainty in the global financial system has forced Bangladesh Bank (BB) to make a cautious forecast for this year’s GDP growth, BB chief economist Dr Mustafa K Mujeri said on November 2.

United Nations Secretary General Ban Ki-moon on November 2 said Bangladesh could be a prosperous country if the huge resources it had could be used properly. Speaking at a view-exchange meeting with the beneficiaries of an UNDP-funded project in Sirajganj, the UN chief said Bangladesh had enormous potentials for economic development.

The country’s real economy is likely to endure the greatest impact of the global financial meltdown, and the newly elected government will inherit a more challenging set of tasks than any of its predecessors in decades, according to the International Chamber of Commerce-Bangladesh (ICCB).

The ‘financial tsunami’ originating in the United States has created a downward spiral of loss of confidence and trust in the free market system, said International Chamber of Commerce-Bangladesh (ICC-B).

The “financial Tsunami” originating in the United States has plunged the world economy into its worst crisis since the great depression of the 1930s. What started as a sub prime mortgage crisis in the USA has now gone global and engulfed the G-7 countries and more said ICCb News Bulletin published on October 2.

Chief Adviser Fakhruddin Ahmed on October 31 called upon everyone to work together to minimise the impacts of the global financial meltdown to achieve a sustainable global economic development.

The leaders of South Asian region should create an environment of faster investment flow into this region for attaining the benefits from global economic shift to Asia, said Indian state minister for commerce at a discussion in Dhaka on October 31.

The two-day International Business Conference (IBC) ended on November 1 with adoption of the ‘Dhaka Vision’ with the goal of making Bangladesh a mid-level income country in next 15 years.

UN Secretary General Ban Ki-moon said Bangladesh’s most pressing need is to ensure a peaceful transition to democracy and for the incoming elected government to consolidate the democracy and reform to stem a recurrence of confrontational politics.

The world economy is being shaken to the core. The global financial crisis is threatening to drag the world into protracted recession, and the prospects for growth — the key to employment and social development — are deteriorating fast. As is unfortunately often the case, the poorest countries are likely to be among the worst affected.

The “financial Tsunami” originating in the United States has plunged the world economy into its worst crisis since the great depression of the 1930s. What started as a sub prime mortgage crisis in the USA has now gone global and engulfed the G-7 countries and more said ICCb News Bulletin published on October 2.

This year, the Dhaka Chamber of Commerce and Industry (DCCI) celebrates its fiftieth anniversary. As part of the golden jubilee celebrations, a two-day International Business Conference has been organized on the theme “The Next Fifteen Years: A Vision for Growth”. This document, called the “Dhaka Vision”, reflects the conclusions of two days’ deliberations.

On behalf of the Golden Jubilee Celebration Steering Committee, it is my distinct honour to add my voice to that of DCCI President Hossain Khaled in welcoming you all to this Conference.

Chief Adviser Dr Fakhruddin Ahmed on September 14 called upon all including the members of the country’s business community to be united to build its future together so that the next generation of Bangladesh can achieve its full potential and take the nation to further heights of success, reports BSS.

The chief adviser, Fakhruddin Ahmed, on September 14 put the ball to the business community’s court in taking the lead to overcome the problems of high demands on limited resources. He advised the business community to solve the recent labour unrest in the RMG sector on their own initiative while taking a move to lower costs and easier access to finance from the private banks, which have a major stake in the country’s banking system.

Chief Adviser Fakhruddin Ahmed on September 15 asked the business community to take the lead to overcome the problems of high demands on limited resources. Fakhruddin advised the business community to solve the recent labour unrest in the RMG sector on their own initiative while taking a move to lower costs and easier access to finance from the private banks, who have a major stake in the country’s banking system.

Surging demand for commodities during Ramadan may further fuel the inflationary pressure, which is unlikely to ease in next couple of months, Bangladesh Bank governor Salehuddin Ahmed has said. He, however, hoped that the inflation rate would start declining after aman harvest, which is at least two months away.

A proposal to amend the foreign exchange regulation act is awaiting final approval of the government, Bangladesh Bank (BB) Governor Salehuddin Ahmed said on August 30.

Bangladesh Bank (BB) Governor Dr Salehuddin Ahmed on August 30 called for diversifying the country’s export markets to attain a sustainable economic growth.

The decision of Bangladesh Bank to follow the expansionary Monetary Policy to support our industry and production process, despite suggestions otherwise, is welcomed by the business community said ICCB President Mahbubur Rahman at the Certificate Award Ceremony for the Certified Documentary Credit Specialists (CDCS) held on August 30 at the DCCI Auditorium, Dhaka. He mentioned that Monetary tightening may be one of the instruments for coping with inflation but not necessarily the only option at the cost of sufferings of people, in particular the rural poor, to achieve the desired growth.