DHAKA:The 8th Annual General Meeting (AGM) of NRB Bank Limited was held at the corporate office of the bank in…
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) president Sheikh F Fahim said lending rate should be simple, not compound.
He said the targeted single-digit interest rates have been made available from April 2020. “We’re thankful to Prime Minister Sheikh Hasina for that.”
Mr Fahim made the observation in an exclusive interview with an English Daily on the occasion of the golden jubilee of the country’s independence.
Financial institutions’ access to finance should be simplified, transparent, consistent and predictable (STPC), without fine prints and hidden costs, he said.
“If ease-of-doing business is supported with ease of financing, entrepreneurs and financial institutions will be benefitted.”
Mr Fahim said trade financing and project financing ought to be based on feasibility; technology and alternative credit assessments with insurance credit risk will increase volume and access which is a win-win situation for all stakeholders.
He said FBCCI member chambers and associations might assist in KYC (know your client) for collateral-free loans. “Our earlier such initiatives had a 99 per cent recovery rate,” the trade body leader stated.
On Bangladesh’s achievement over the past five decades, Mr Fahim said the government created an enabling environment, and the dynamic and resilient private sector is leading the nation forward.
Skilled human resources and back-to-back letters of credit, lower tariffs of target sectors like textile and apparel assisted in strengthening them.
“If these measures are replicated, it will contribute to diverse industries as per global market demands in addition to the indefinite markets,” Mr Fahim cited.
He said Bangladesh has made substantial economic growth-oriented progress and managed to perform well in the spectrums of social indicators, natural disasters and poverty (now 21 per cent from 46 per cent in 2008), public healthcare and literacy.
In the past few decades, with the practice of democratic governance and increased accountability in bureaucracy, with the rise of entrepreneurs has enabled tremendous progress in sectors ranging from macroeconomic to social development, and all the tangible improvements have been reflected in the indexes of development partners.
Since the last decade, Mr Fahim said, the efforts of the current government under the leadership of Sheikh Hasina, working towards the vision of 2021, the achievement of SDGs in 2030, and the transformation into a developed country in 2041; have enabled new sectors to be incorporated into the economy.
M. Shahdat Hossain Taslim, President of Hajj Agencies Association of Bangladesh (HAAB), launching ‘Eid Gift Box’ distribution programme among the members of the organization ahead of Eid ul-Azha at HAAB office in the capital on Thursday. Faruk Ahmed Sardar, Secratary General, Mawlana Eaqub Sharafati, Senior Vice President and Mawlana Fazlur Rahman, Joint Secretary of HAAB, were also present.— July 17, 2021
Dhakastho Madaripur Society holds human Chain in the capital : Demand for launching the newly constructed hospital and establishing a medical college at Madaripur soon— July 17, 2021
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IBBL to invest housing finance for government officials: Finance Department of the Ministry of Finance and Islami Bank Bangladesh Limited signed a Memorandum of Understanding (MoU) recently for providing investment in building houses and flats for government officials. Md. Ekhlasur Rahman, Additional Secretary of Finance Ministry and Mohammed Monirul Moula, Managing Director and CEO of the bank signed the MoU on behalf of their respective organizations. After the signing ceremony, the agreement was handed over to the respective division of the bank. Along with Managing Director and CEO of the bank, Muhammad Qaisar Ali and Md. Omar Faruk Khan, Additional Managing Directors, Abu Reza Md. Yeahia, Deputy Managing Director, Muhammad Sayeed Ullah, Senior Executive Vice President and Mohd. Enayet Ullah Siddiquee, Executive Vice President of the bank were present at that time, said a press release.— July 5, 2021
Engineer Golam Murshed, Managing Director of Walton Hi-Tech Industries Limited, receiving the trademark certificate from Industries Minister Nurul Majid Mahmud Humayun, at a function held on the occasion of ‘World Intellection Property Day’ at Officers’ Club in the capital on Thursday.— June 19, 2021
Md. Nurun Newaz Selim, Chairman along with Md. Nurul Amin Faruk, Managing Director, Md. Nuruchchapa Majumdar Babu and Md. Nurul Afsar, DMDs of Electro Mart Limited, unveiling the new series of GREE AC in its corporate office in the capital on Thursday. Other senior officials of the company were present.— June 19, 2021
International United Kingdom International news Life-saving drugs have been found in the treatment of corona: BBC— June 16, 2020
Dexamethasone. Scientists say the drug is capable of saving the lives of critically ill patients with coronary heart disease. Dexamethasone…
ব্রিটিশ বহুজাতিক তামাক কম্পানি ব্রিটিশ আমেরিকান টোবাকো (বিএটি) করোনার ভ্যাকসিন তৈরির ঘোষণা দিয়েছে। আগামী জুন মাসের মধ্যেই তারা ভ্যাকসিন তৈরি…
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Views & Exclusive Interviews— June 15, 2021
DHAKAA:The central bank on Sunday drew up a detailed guideline on post-import financing (PIF) to end the misuse of loans…
Mohammad Mamdudur Rashid, Managing Director & CEO of NCC Bank Limited and Maruf Alam, Chairman of iclique Group, exchanging document after signing an agreement on behalf of their respective organizations. Under the deal, Credit and Debit card holders of the bank will enjoy faster, convenient and secured card services through implementation of this up-graded software. Moreover, it will help to integrate with different channels relating to Digital Banking Platform. Senior officials from both sides were present.— June 15, 2021— June 8, 2021
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RN Desk;In our country feminist story dramas are usually made very rarely. The producers dare not make too much interest…
Literature— June 8, 2021
The government has decided not to reopen schools and colleges in Bangladesh on June 13, after deciding to extend the…— June 8, 2021
DHAKA:The National University (NU) authorities have announced that the online admission process for the first year undergraduate (honours) and professional…— March 23, 2021
Jagannath University (JnU) has appointed Saiful Islam as its new head of the public relations, information and publication department. The…— March 23, 2021
The University of Liberal Arts Bangladesh has signed a memorandum of understanding with the Peoples’ Friendship University of Russia, better…
Gandaria Kishaloya Kochikanchar Mela holds programs to welcome Spring Rokhsona Parvin and Parvin Shila honored with Poet Sufia Kamal Award— March 13, 2021
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Sports News— May 10, 2021
RN Desk:The universities will take exams using creative questions papers or assignments on shorter syllabus The University Grants Commission (UGC)…— February 7, 2020
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বঙ্গবন্ধু বাংলাদেশ প্রিমিয়ার লিগ (বিপিএল) টি-২০ ক্রিকেট টুর্নামেন্টের ৩৯তম ম্যাচে আগামীকাল মুখোমুখি হবে ঢাকা প্লাটুন ও রংপুর রেঞ্জার্স। ডাবল লিগ…— January 4, 2020
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100 Illustrious & Leading Business Personalities
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