Bangladesh maintains steady growth in FY '09: FBCCI
Thursday, 31 December 2009
FE Report
The 34th Annual General Meeting (AGM)-2008 of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) was held at the Officers' Club in the city Wednesday.
FBCCI President Annisul Huq chaired the meeting. First Vice-President Abul Kashem Ahmed and Vice-President Abu Alam Chowdhury, directors, heads of member bodies and the general body members were present at the AGM.
Mr Annisul Huq in a presentation highlighted the major
activities taken by the apex chamber body in 2009.
"The apex business body has formed FBCCI Foundation to carry out Corporate Social Responsibility (CSR) through poverty alleviation, employment creation, income generation, human resource development and other beneficial works," Annisul added.
He also said substantial progress has been made in construction of district chambers' buildings under the allocation of the Government of Bangladesh during the period 2008-2009.
He also said FBCCI has received Tk 200 million (20 crore) from the government for providing logistic support to its member organisations.
Mr Annisul Huq, in his speech, said Bangladesh maintained a steady growth in FY 09, despite the ongoing global financial turmoil and economic slowdown that has significantly impacted performance in the major Asian nations and most of the developed countries of the world.
The FBCCI president said the growing power and energy shortages and underdeveloped infrastructure remained as a major hurdle to the country's industrial activities.
Annisul said Bangladesh Bank has taken measures like lowering interest rates, relaxing conditions for borrowing by banks from the central bank and widening the range of financial assets admissible as collaterals to maintain adequate liquidity and credit flow to markets.
Discussing important activities of the body, the president said that the FBCCI Board of Directors met the Prime Minister and demanded Tk 60 billion rescue fund to mitigate the effect of current financial crisis on our local industries.
The FBCCI leaders urged the government to raise money through a long-term bond linked to high interest rate and downsize the Annual Development Programme (ADP), chopping off some unnecessary spending.
The FBCCI leaders proposed 17 points to the Prime Minister to overcome the current economic crisis.
General body members of the FBCCI Md Abdur Rahman, Md Fazlul Haque Jewel, Liakat Ali Bhuiyan Milan, Akkash Mahmood, SM Tahuwar Hossain, Abdus Salam, Mohammed Merajul Alam, M Lutfur Rahman Khan, Dewan Sultan Ahmed, Md Helal Uddin, Selima Ahmad, Md Abu Naser, Md Bodiuzzaman Badal, Khoka Sikder, Nagibul Islam Dipu, Taher Ahmed Siddiqui, Md Delwar Hossain, Mohammad Iqbal Jamal (Jewel), Abul Quasem Haider, Firoz Alam, Halim Sikder, Shahjada Anwarul Quadir, Md Salahuddin Ahmed, Kazi Ali Hossain, SM Akkas, Md Golam Mostafa Talukder, Mohammed Solayman Rubel, Anisur Rahman Badsha, Faroque Ahmed, Md Shafiqur Rahman Bhuiyan, SM Salauddin, Abu Motaleb and Md Abdul Wahed spoke on various issues at the AGM.
The 34th Annual General Meeting (AGM)-2008 of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) was held at the Officers' Club in the city Wednesday.
FBCCI President Annisul Huq chaired the meeting. First Vice-President Abul Kashem Ahmed and Vice-President Abu Alam Chowdhury, directors, heads of member bodies and the general body members were present at the AGM.
Mr Annisul Huq in a presentation highlighted the major
activities taken by the apex chamber body in 2009.
"The apex business body has formed FBCCI Foundation to carry out Corporate Social Responsibility (CSR) through poverty alleviation, employment creation, income generation, human resource development and other beneficial works," Annisul added.
He also said substantial progress has been made in construction of district chambers' buildings under the allocation of the Government of Bangladesh during the period 2008-2009.
He also said FBCCI has received Tk 200 million (20 crore) from the government for providing logistic support to its member organisations.
Mr Annisul Huq, in his speech, said Bangladesh maintained a steady growth in FY 09, despite the ongoing global financial turmoil and economic slowdown that has significantly impacted performance in the major Asian nations and most of the developed countries of the world.
The FBCCI president said the growing power and energy shortages and underdeveloped infrastructure remained as a major hurdle to the country's industrial activities.
Annisul said Bangladesh Bank has taken measures like lowering interest rates, relaxing conditions for borrowing by banks from the central bank and widening the range of financial assets admissible as collaterals to maintain adequate liquidity and credit flow to markets.
Discussing important activities of the body, the president said that the FBCCI Board of Directors met the Prime Minister and demanded Tk 60 billion rescue fund to mitigate the effect of current financial crisis on our local industries.
The FBCCI leaders urged the government to raise money through a long-term bond linked to high interest rate and downsize the Annual Development Programme (ADP), chopping off some unnecessary spending.
The FBCCI leaders proposed 17 points to the Prime Minister to overcome the current economic crisis.
General body members of the FBCCI Md Abdur Rahman, Md Fazlul Haque Jewel, Liakat Ali Bhuiyan Milan, Akkash Mahmood, SM Tahuwar Hossain, Abdus Salam, Mohammed Merajul Alam, M Lutfur Rahman Khan, Dewan Sultan Ahmed, Md Helal Uddin, Selima Ahmad, Md Abu Naser, Md Bodiuzzaman Badal, Khoka Sikder, Nagibul Islam Dipu, Taher Ahmed Siddiqui, Md Delwar Hossain, Mohammad Iqbal Jamal (Jewel), Abul Quasem Haider, Firoz Alam, Halim Sikder, Shahjada Anwarul Quadir, Md Salahuddin Ahmed, Kazi Ali Hossain, SM Akkas, Md Golam Mostafa Talukder, Mohammed Solayman Rubel, Anisur Rahman Badsha, Faroque Ahmed, Md Shafiqur Rahman Bhuiyan, SM Salauddin, Abu Motaleb and Md Abdul Wahed spoke on various issues at the AGM.