Creating liberating content

Aspiring Chefs Shine at...

The Indian Hotel Academy (IHA) recently hosted the much-anticipated Buddy Chef Culinary Competition...

7 days to deadline...

New York – We are now at work on the print edition of...

US' Tailored Brands appoints...

Tailored Brands, Inc. (the "Company") has named Whit Alexander as its new executive vice president...
Home News Improvement in law-and-order situation essential to attract investment: BCI

Improvement in law-and-order situation essential to attract investment: BCI

0
Improvement in law-and-order situation essential to attract investment: BCI
spot_imgspot_img
HomeNews & ViewsIndustry FocusImprovement in law-and-order situation essential to attract investment: BCI

Improvement in law-and-order situation essential to attract investment: BCI

IMAGE ShinWon Corporation Indonesia PT. Fashion Stich Joshua

Bangladesh Chamber of Industries (BCI) appreciates the government for providing accurate data on the country’s economic trends and stresses the need for improvement in the law and order situation to attract local and foreign investment. “The government should pay extra attention to improving the law and order situation,” said Anwar-ul-Alam Chowdhury (Pervez), president of the BCI, while addressing a press conference at its office in the city on Saturday.

Presenting different data on the country’s economic trends, he said some of the sectors of the economy have progressed while the situation in some of the sectors has deteriorated. He said the deterioration in different sectors took place over the last two years, resulting in different challenges in the economy.

BCI workshop on patent, design, and trademark held

He, however, differed with some decisions of the interim government including a 9 percent salary increment in the country’s readymade garment sector. Other leaders of the BCI were present during the press conference. Anwar-ul-Alam said the production at the industries has dropped by 30-40 percent because of the high inflation, high bank interest, contraction-based economic policy, and increased cost in transport and freight charges.

These have led to a decline in the private sector credit growth, he said adding the credit growth came down to 7.66 percent in November from 10.13 percent in July this year. The BCI president criticised the government for its move to raise the gas price when it has increased over 200 percent in the last two years. “The foreign exchange reserve position has come to a stable position while the balance of payment situation has also improved,” he said.

Business revenues drop due to high inflation: BCI

 “We appreciate the government for releasing accurate data on the economy. Earlier all the data had been manipulated during the Awami League regime,” he added. He said that the BCI will again come out with some recommendations as to how the manufacturing sector can overcome the crises it has been facing.

- Advertisement - spot_img

Join Our Weekly Newsletter

spot_img

Upcoming Events

 

Recent Random

Forbes Marshall named One of the Top 20 Innovative Companies of 2024 by CII

Forbes Marshall has been recognized as one of the Top 20 Innovative Companies of the Year by the CII Industrial Innovation Awards 2024. We participated in the Large...

Bangladesh Holds Ground in the EU Apparel Market Amidst Price War

Eurostat's recent data on EU apparel imports for January-November 2024 paints a concerning picture for the global apparel industry. While overall EU imports saw...

Bioplastics – prepare for the long road ahead, says John Williams, Chief Technology Officer, Aquapak

The number of new bioplastic firms that have appeared on the market in recent years is significant.  They are promising to revolutionise the industry...
IMAGE ShinWon Corporation Indonesia PT. Fashion Stich Joshua

Bangladesh Chamber of Industries (BCI) appreciates the government for providing accurate data on the country’s economic trends and stresses the need for improvement in the law and order situation to attract local and foreign investment. “The government should pay extra attention to improving the law and order situation,” said Anwar-ul-Alam Chowdhury (Pervez), president of the BCI, while addressing a press conference at its office in the city on Saturday.

Presenting different data on the country’s economic trends, he said some of the sectors of the economy have progressed while the situation in some of the sectors has deteriorated. He said the deterioration in different sectors took place over the last two years, resulting in different challenges in the economy.

BCI workshop on patent, design, and trademark held

He, however, differed with some decisions of the interim government including a 9 percent salary increment in the country’s readymade garment sector. Other leaders of the BCI were present during the press conference. Anwar-ul-Alam said the production at the industries has dropped by 30-40 percent because of the high inflation, high bank interest, contraction-based economic policy, and increased cost in transport and freight charges.

These have led to a decline in the private sector credit growth, he said adding the credit growth came down to 7.66 percent in November from 10.13 percent in July this year. The BCI president criticised the government for its move to raise the gas price when it has increased over 200 percent in the last two years. “The foreign exchange reserve position has come to a stable position while the balance of payment situation has also improved,” he said.

Business revenues drop due to high inflation: BCI

 “We appreciate the government for releasing accurate data on the economy. Earlier all the data had been manipulated during the Awami League regime,” he added. He said that the BCI will again come out with some recommendations as to how the manufacturing sector can overcome the crises it has been facing.