Reading in the time of Dubsmash - Dhaka Tribune

Reading in a time of Dubsmash
Reading is virtue, or so it can be said. This was certainly so for the Director of CES, Mr. Sajid Amit, who wrote an article recently about his younger self growing up as an avid consumer of the product of well-known, classic English writers. The habit was reinforced through english medium curriculum, whereas he also acknowledged the regular popularity of Bengali writers amongst the youths, on the flip-side of bangla medium backgrounds. Later on he experienced exposure to more advanced, specific topics during higher education abroad.

From all of these experiences, and the knowledge accumulated, Mr. Sajid Amit has admitted to have enhanced his current business interactions with clients. Occasionally even, these supported him in streamlining business deals.

In the article, attesting that social media has taken over much of our reading habits, he publicized a wish to have an outlet wholeheartedly for readers, to remedy the dwindling hobby of reading amongst our current generations.

Read more in the article.

Apparel sector impacts on recent terrorism

Moody’s: Terror attack has long impact on Bangladesh economy
Global credit-rating agency Moody's Investor Service proposed in a recent analysis about the impact of terrorism that has been plaguing Bangladesh. The agency generally has "political risks", factored into govenrment bond rating calculation and so far the nation's vulnerability has been moderate. This is subject to change in the wake of recent developments.

The Agency, particularly focused on the investor confidence and external payments standing, through diminutive foreign direct investments, especially towards the main forerunner, garments exports. This sector and textile, contribute to over 80% of total export share. Both of these are vital for growth and are stimulated by FDI. 

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.