Plea for incentives - E-commerce

Withdraw all taxes on e-commerce: FBCCI
With the speculation of the possible arrival of e-commerce giants Amazon and Alibaba in Bangladesh in 2017, the domestic sector is still at a nascent stage of development. This thought was shared by the president of the E-commerce association, E-CAB, at a discussion on the aspect of IT in the proposed budget for FY17, at the FBCCI office. The FBCCI president also compared the robust and sustained growth of the RMG sector, which was possible only through continuous government support. He urged this to be replicated to the E-commerce sector as well, a USD$500 bn market globally, with healthy allocations for entrepreneurial loans and waver until of taxes until 2024.

Transit facilty inagurates with India

Indian transit thru BD begins formally

Bangladesh and India are set to formally allow transit facility for trade and transportation, with provision of a third-country access. Goods in transit will be brought from Kolkata to Ashuganj through a river route and then from Ashuganj to Agartala, the capital of Tripura, on land route. It will be inaugurated with transshipment of a consignment to India's northeastern state. All charges are to be bourne by Indian traders, which was free previously.

FBCCI and Realtors on Budget

FBCCI ashamed of ever complicated budget
The FBCCI have expressed their disappointment and frustration regarding the policies in the new budget. Their focus was on the way the budget left out 394 out 447 recommendations made by them, approving a mere 11%. The result anticipates that realtors are will refrain from future pre-budget meetings.

CES Director Sajid Amit's articles featured in Dhaka Tribune

The Director of CES, Mr. Sajid Amit recently featured a few articles which were published by the popular daily newspaper Dhaka Tribune.

A powerful yet simple story was used to illustrate the structure of the financial economy of Bangladesh. The Director of CES, Mr. Sajid Amit related a simple hypothetical story to depict the structure of bank lending and consumer spending in Bangladesh. It also demonstrates the velocity of money circulation in the economy.Please find the featured article in the link below.
June 13: The Story of the $100 bill

The following article was regarding the outlook of the proposed Budget for FY 17 on one of the dimensions of the marco economy – banks, capital markets and NBFIs.
June 11: The budget and outlook for banks, capital markets, and NBFIs

The article below is regarding the recently presented National Budget for FY17.
June 2:   A budget for middle-income aspirations

Workplace safety in domestic RMG

RMG in Bangladesh vis-à-vis global supply chain

Recently a resourceful article was published by The Financial Express, featuring research work from ULAB Business Faculty member Muhammad Faisol Chowdhury. It emphasizes the various developments of the RMG sector of Bangladesh, focusing on the pressing issue of worker's safety.