Sunday, March 22, 2009
Govt is concern positively about Ctg business infrastructure
In the port city, there was held the 17th Chittagong International Trade Fair (CITF) 2009. In the inaugural ceremony, there were presented our honorable commerce minister, the president and members of Chittagong Chamber of Commerce and Industry (CCCI). The chief guest commerce minister Muhammad Faruk Khan said that about 100 crore taka has been allocated by the ECNEC for development of roads and highways in Chittagong a part from the new bridge and tunnel to be built over and under the Karnaphuli. He said Government has already taken a massive plan for developing the Chittagong port and to create more demandable in future. The minister requested to CCCI management for the permanent venue of CITF which may serve the interest of business community.
The special guests of CITF was city Mayor ABM Mohiuddin Chowdhury requested to minister that a suitable plot at Patenga beach area as CITF venue. He also mentioned some of his demand for city dwellers as crisis of gas, power and water problem. He proposed for power generation using crude oil as a substitute of gas. He also demanded to the government for shifting the head office of Chief Controller of Export and Import from Dhaka.
The head office is now situated in Dhaka. So, the Mayor shows his logic to shift it from Dhaka to Chittagong then the business will be more convenience and got the full-fledged functioning of the newly formed Karnaphuli Gas Systems Company Ltd. And The CCCI president MA Latif also expressed his firm determination to rescue the nation from bad economic situation
Soltius InfoTech helps Bangladesh to digitalization
Soltius InfoTech Bangladesh Ltd. started in bringing new technology to Bangladesh from 2006. They were participated last BASIS SOFT EXPO 2009 at Bangladesh China Friendship Conference Centre. Mr. Madhukor Joshi, who is chairman of InfoTech Company, said that we are very happy to attend the BASIS EXPO 2009. They also show their technology in the fair which is required to modify our country digitalization. They also decide that they set up a joint venture company because most of the international companies were hesitating to participate in different IT section.
The parent company of Soltius InfoTech is Agree Ya Solutions Inc USA; they have already provided e-governance solutions in our country. That’s why, they are in the process to changing its name to Agree Ya Solutions (Bangladesh) Ltd. Agree Ya solutions Ltd. is a well reputed company and they service their business in global market. Agree ya company try to build a good image in our local market by growing their facilities. Especially they have gathered a huge experience from technology solution system in different countries. Actually Agree ya playing a vital role to reach the goal of “Digital Bangladesh”. They want to grow our IT market.
Agree ya company already implemented that Bangladesh is a development country and in IT sector they have a great future. As a result, they started their working to digitalization Bangladesh in early and they are very confident of providing our best value to the digitalization of Bangladesh. They are accepted a challenge to develop our talented resources, creating a competitive job market and also reliable and cost effective resource base to domestic and international market.
The parent company of Soltius InfoTech is Agree Ya Solutions Inc USA; they have already provided e-governance solutions in our country. That’s why, they are in the process to changing its name to Agree Ya Solutions (Bangladesh) Ltd. Agree Ya solutions Ltd. is a well reputed company and they service their business in global market. Agree ya company try to build a good image in our local market by growing their facilities. Especially they have gathered a huge experience from technology solution system in different countries. Actually Agree ya playing a vital role to reach the goal of “Digital Bangladesh”. They want to grow our IT market.
Agree ya company already implemented that Bangladesh is a development country and in IT sector they have a great future. As a result, they started their working to digitalization Bangladesh in early and they are very confident of providing our best value to the digitalization of Bangladesh. They are accepted a challenge to develop our talented resources, creating a competitive job market and also reliable and cost effective resource base to domestic and international market.
Investments in EPZs are going to be high
Bangladesh Export Processing Zones Authority (BEPZA) said that they have received approval for Feni and Megna EPZ, but the approval of Megna EPZ is under process. Now there are eight EPZs in our country and when these two EPZ (Feni and Megna) are set up then the country’s total EPZ will reach to ten. As a result, BEPZA is expecting that we attract to more investments in the country’s Export Processing Zone (EPZs). They also said that Bangladesh is known to be Asia’s most competitive production base for its cheap and large labor force.
Officially said that there are 192 enterprise, 125 plants and 2, 28,932 laborers working in eight EPZs. Of the eight EPZs, there are 36% male and 64% are female workers. The mainly reason of expansion of EPZs is based on high demand and flow investment. Officially showed the data of investment in fiscal year 2006-2007 and 2007-2008. And it is rising from $152.37 million to $302.19 million. Prasanta Bhusan Barua member of BEPZA said that BEPZA’s contribution to national export is increasing very low. In our country’s eight EPZs, a total of 292 enterprises are producing 17 items. Among the 292 enterprises 173 are totally foreign-owned, 48 are joint venture and the rest of 71 are owned by local investors.
Most of the investors are foreign-owned. And they are feeling not good in our environment for smoothly running business. They have not got the proper facilities and advantages from our country. That’s why, they always prefer to established EPZs close to sea areas for better communications systems.
Officially said that there are 192 enterprise, 125 plants and 2, 28,932 laborers working in eight EPZs. Of the eight EPZs, there are 36% male and 64% are female workers. The mainly reason of expansion of EPZs is based on high demand and flow investment. Officially showed the data of investment in fiscal year 2006-2007 and 2007-2008. And it is rising from $152.37 million to $302.19 million. Prasanta Bhusan Barua member of BEPZA said that BEPZA’s contribution to national export is increasing very low. In our country’s eight EPZs, a total of 292 enterprises are producing 17 items. Among the 292 enterprises 173 are totally foreign-owned, 48 are joint venture and the rest of 71 are owned by local investors.
Most of the investors are foreign-owned. And they are feeling not good in our environment for smoothly running business. They have not got the proper facilities and advantages from our country. That’s why, they always prefer to established EPZs close to sea areas for better communications systems.
German company invest in Bangladeshi garments and textile sector
Steffen Mohler, marketing and sales director of Multiline Ltd. he said that his company will invest $200m in our textile and garments sector which is the largest textile factory in the worlds. And he also said that we have already bought 80 bighas of land on gazipur. The factory will start the production in early 2010. He also said that the factory includes many facilities system such as forward and backward linkages, spinning, weaving, dying and washing and sewing and a three star hotel.
Officially they have said that the previous investment not more than $25 million. He shows the benefit if they established the factory, Bangladesh will be more benefit able. Most of the manufacturer will be attracted to order in Bangladesh. He said, in the 1990s to 2000s Indonesia and Vietnam were the biggest low cost manufacturing hub in textile sector. But Bangladesh is now a big exporter especially in textile sector. Mr. Mohler said there are many German or European departmental stores or trading firms set up their buying houses in Bangladesh. He also said that on a narrow Gulshan Avenue, there are at least 400 buying houses.
Now Bangladesh has exported apparel and home textile worth $11 billion and it will double in 2011. In this regard, Mr. Ifty Islam, a managing partner of Asian Tiger Capital, he said Bangladesh is becoming one of the next big manufacturing hubs in Asia. He is also expressed that if we solve the energy problem, we will even grow faster than India. And Mr. Mohler said that as a big retailer from Japan, which buy some 95 percent of its apparel from china, now they have focused on Bangladesh.
Officially they have said that the previous investment not more than $25 million. He shows the benefit if they established the factory, Bangladesh will be more benefit able. Most of the manufacturer will be attracted to order in Bangladesh. He said, in the 1990s to 2000s Indonesia and Vietnam were the biggest low cost manufacturing hub in textile sector. But Bangladesh is now a big exporter especially in textile sector. Mr. Mohler said there are many German or European departmental stores or trading firms set up their buying houses in Bangladesh. He also said that on a narrow Gulshan Avenue, there are at least 400 buying houses.
Now Bangladesh has exported apparel and home textile worth $11 billion and it will double in 2011. In this regard, Mr. Ifty Islam, a managing partner of Asian Tiger Capital, he said Bangladesh is becoming one of the next big manufacturing hubs in Asia. He is also expressed that if we solve the energy problem, we will even grow faster than India. And Mr. Mohler said that as a big retailer from Japan, which buy some 95 percent of its apparel from china, now they have focused on Bangladesh.
Monday, February 9, 2009
German company invest in Bangladeshi garments and textile sector
Steffen Mohler, marketing and sales director of Multiline Ltd. he said that his company will invest $200m in our textile and garments sector which is the largest textile factory in the worlds. And he also said that we have already bought 80 bighas of land on gazipur. The factory will start the production in early 2010. He also said that the factory includes many facilities system such as forward and backward linkages, spinning, weaving, dying and washing and sewing and a three star hotel.
Officially they have said that the previous investment not more than $25 million. He shows the benefit if they established the factory, Bangladesh will be more benefit able. Most of the manufacturer will be attracted to order in Bangladesh. He said, in the 1990s to 2000s Indonesia and Vietnam were the biggest low cost manufacturing hub in textile sector. But Bangladesh is now a big exporter especially in textile sector. Mr. Mohler said there are many German or European departmental stores or trading firms set up their buying houses in Bangladesh. He also said that on a narrow Gulshan Avenue, there are at least 400 buying houses.
Now Bangladesh has exported apparel and home textile worth $11 billion and it will double in 2011. In this regard, Mr. Ifty Islam, a managing partner of Asian Tiger Capital, he said Bangladesh is becoming one of the next big manufacturing hubs in Asia. He is also expressed that if we solve the energy problem, we will even grow faster than India. And Mr. Mohler said that as a big retailer from Japan, which buy some 95 percent of its apparel from china, now they have focused on Bangladesh.
Officially they have said that the previous investment not more than $25 million. He shows the benefit if they established the factory, Bangladesh will be more benefit able. Most of the manufacturer will be attracted to order in Bangladesh. He said, in the 1990s to 2000s Indonesia and Vietnam were the biggest low cost manufacturing hub in textile sector. But Bangladesh is now a big exporter especially in textile sector. Mr. Mohler said there are many German or European departmental stores or trading firms set up their buying houses in Bangladesh. He also said that on a narrow Gulshan Avenue, there are at least 400 buying houses.
Now Bangladesh has exported apparel and home textile worth $11 billion and it will double in 2011. In this regard, Mr. Ifty Islam, a managing partner of Asian Tiger Capital, he said Bangladesh is becoming one of the next big manufacturing hubs in Asia. He is also expressed that if we solve the energy problem, we will even grow faster than India. And Mr. Mohler said that as a big retailer from Japan, which buy some 95 percent of its apparel from china, now they have focused on Bangladesh.
Saturday, October 25, 2008
Steve Jobs, CEO (Apple)
Steve Jobs is the CEO of Apple, which he co-founded in 1976. Apple leads the industry in innovation with its award-winning Macintosh computers, OS X operating system, and consumer and professional applications software. Apple is also leading the digital music revolution, having sold over 110 million iPods and over three billion songs from its iTunes online store. Apple entered the mobile phone market this year with its revolutionary iPhone.
Steve also co-founded Pixar Animation Studios, which has created eight of the most successful and beloved animated films of all time: Toy Story, A Bug's Life, Toy Story 2, Monsters, Inc., Finding Nemo, The Incredibles, Cars and Ratatouille. Pixar has won 20 Academy Awards and its films have grossed more than $4 billion at the worldwide box office to date. Pixar merged with The Walt Disney Company in 2006 and Steve now serves on Disney's board of directors.
Steve grew up in the apricot orchards which later became known as Silicon Valley, and still lives there with his wife and three children.
Steve also co-founded Pixar Animation Studios, which has created eight of the most successful and beloved animated films of all time: Toy Story, A Bug's Life, Toy Story 2, Monsters, Inc., Finding Nemo, The Incredibles, Cars and Ratatouille. Pixar has won 20 Academy Awards and its films have grossed more than $4 billion at the worldwide box office to date. Pixar merged with The Walt Disney Company in 2006 and Steve now serves on Disney's board of directors.
Steve grew up in the apricot orchards which later became known as Silicon Valley, and still lives there with his wife and three children.
Thursday, September 18, 2008
Foreign banks cautious over farm credit
Foreign commercial banks seem cautious to make comments on Bangladesh Bank's (BB) decision to make farm loans mandatory for all banks operating in the country. They said they are waiting to receive details of the BB decision and directives before talking on their next course of actions on the issue. They said at present they do not provide any farm credit.
The central bank on Tuesday decided to make disbursement of agricultural credit to the farmers mandatory for all banks to facilitate farming activities to ensure food security. The BB took the decision at a meeting of Agriculture Credit Monitoring Committee. To comply with the BB decision, banks will have to introduce a 'revolving crop credit limit', distribute loans to farmers through identity cards and issue collateral-free loans to fishermen and sharecroppers. “We are aware of the news, but have not received the circular from Bangladesh Bank as yet,” said Mahbub-ur-Rahman, head of corporate banking of HSBC. “We are committed to comply with the regulatory guidelines which are issued by the central bank from time to time," said Rahman. Standard Chartered Bank (SCB), another major foreign bank operating in the country for long, also echoed HSBC. “We have been informed about the news through media. We are now waiting for detailed direction from Bangladesh Bank in this regard,” said Sarwat Ahmad, senior manager of SCB's corporate affairs. A Citi NA official said the bank authority would not make any comment before receiving the BB guidelines on mandatory credit to the farmers. Private Banks however hailed the BB move, saying the decision would help the country achieve food security through increased agricultural production. Shahjahan Bhuiyan, managing director of United Commercial Bank, termed the central bank's move to make farm loan mandatory for all banks as 'an excellent decision'. “Increasing farm credit will help boost food production in the country,” Bhuiyan said. Bangladesh has set a target to disburse Tk 9,379 crore as agricultural loan this fiscal year, a 13 percent increase from the last fiscal year. The agricultural loan disbursed last fiscal year was Tk 8,308 crore, Tk 6,974 crore of which being disbursed by nine government-owned banks, according to BB statistics. The government has been persistent in pursuing banks to provide farm credit for the sake of the economy and the farmers, which has not been met with much response by the banks. However, in recent times private banks have come up with an increased amount of farm credit, seeing the market and the profit margin in this. Some 30 private banks disbursed Tk 2,048 crore of farm credit in fiscal 2007-08, which was almost half in the previous fiscal year. The private commercial banks have set a target for disbursing 55 percent more than in the previous fiscal year in agricultural loan, Nazrul Huda added. No foreign banks operating in the country disbursed any loan for agriculture. “Currently, we do not provide any credit for agriculture. But we lend for agro-based industries,” Sami A Hafiz, a spokesman of HSBC, said.
The central bank on Tuesday decided to make disbursement of agricultural credit to the farmers mandatory for all banks to facilitate farming activities to ensure food security. The BB took the decision at a meeting of Agriculture Credit Monitoring Committee. To comply with the BB decision, banks will have to introduce a 'revolving crop credit limit', distribute loans to farmers through identity cards and issue collateral-free loans to fishermen and sharecroppers. “We are aware of the news, but have not received the circular from Bangladesh Bank as yet,” said Mahbub-ur-Rahman, head of corporate banking of HSBC. “We are committed to comply with the regulatory guidelines which are issued by the central bank from time to time," said Rahman. Standard Chartered Bank (SCB), another major foreign bank operating in the country for long, also echoed HSBC. “We have been informed about the news through media. We are now waiting for detailed direction from Bangladesh Bank in this regard,” said Sarwat Ahmad, senior manager of SCB's corporate affairs. A Citi NA official said the bank authority would not make any comment before receiving the BB guidelines on mandatory credit to the farmers. Private Banks however hailed the BB move, saying the decision would help the country achieve food security through increased agricultural production. Shahjahan Bhuiyan, managing director of United Commercial Bank, termed the central bank's move to make farm loan mandatory for all banks as 'an excellent decision'. “Increasing farm credit will help boost food production in the country,” Bhuiyan said. Bangladesh has set a target to disburse Tk 9,379 crore as agricultural loan this fiscal year, a 13 percent increase from the last fiscal year. The agricultural loan disbursed last fiscal year was Tk 8,308 crore, Tk 6,974 crore of which being disbursed by nine government-owned banks, according to BB statistics. The government has been persistent in pursuing banks to provide farm credit for the sake of the economy and the farmers, which has not been met with much response by the banks. However, in recent times private banks have come up with an increased amount of farm credit, seeing the market and the profit margin in this. Some 30 private banks disbursed Tk 2,048 crore of farm credit in fiscal 2007-08, which was almost half in the previous fiscal year. The private commercial banks have set a target for disbursing 55 percent more than in the previous fiscal year in agricultural loan, Nazrul Huda added. No foreign banks operating in the country disbursed any loan for agriculture. “Currently, we do not provide any credit for agriculture. But we lend for agro-based industries,” Sami A Hafiz, a spokesman of HSBC, said.
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