Implement recommendations of BBBF in two months : CA
Tuesday, 24 June 2008
Chief Adviser (CA) Fakhruddin Ahmed Monday directed all concerned to implement the under-implementation recommendations of Bangladesh Better Business Forum (BBBF) in next two months to attain desired dynamism in trade and economy, reports UNB.
The head of the caretaker government, also chairperson of the BBBF, a high-profile body of government-private sector partnership formed last year, gave the directive while chairing a meeting of the forum at the Chief Adviser's office when progress in implementation of decisions was being reviewed.
The BBBF came into being to give a much-needed shot in the arm of business and economic activities in the country through maintaining a business-and investment-friendly environment through cooperation under government-private partnership to attain sound national economic growth.
On progress in implementing the decisions taken at the previous meeting held on April 23, Monday's meeting, the Forum's fourth since its inception, was informed that six decisions regarding matters of immediate action have been implemented while 28 decisions out of 56 for short-term action (in one to two months) also implemented so far.
Besides, 28 decisions are lying under implementation by various ministries and departments.
The CA expressed satisfaction over the progress in implementation of the decisions and activities of the top-level business forum.
The co-chairpersons of five thematic working groups - Business Funding, Infrastructure, Macroeconomic Policy, Business Start, and Operation and Work Efficiency-presented their recommendations and progress report on implementation at the meeting.
The CA said, "The public-private partnership is a continuous process and it will have to be given a permanent institutional shape in the future which will work for overall development of trade and commerce and the country through cooperation under public-private partnership."
He said the BBBF secretariat would monitor whether results of the implemented decisions are yielding positive impacts.
The working groups will identify the problems and place clear and specific recommendations for solution before the Better Business Forum for its consideration.
Finance Adviser Mirza Azizul Islam, Special Assistant to the CA for Power and Energy and Mineral Resources Ministry M Tamim, co-chairpersons of the five working groups and other BBF members were present at the meeting.
In its last meeting, the BBF had discussed over 100 recommendations which were categorised for their quick, efficient and effective implementation in specific time.
They were categorised mainly in three groups-matter for immediate action which would be implemented immediately, matters for short-term action which would be implemented within one to two months and matters for midterm action to be implemented within four to six months.
Management and financing of Small and Medium Enterprise (SME) for its overall development and development of ICT sector were prioritised for immediate action.
Recommendations covered in short-term action group include expansion of tax holiday, providing tax facility, simplification of company registration, trade licence, VAT and environment certificates, reduction of bank interest, and development of work efficiency.
The head of the caretaker government, also chairperson of the BBBF, a high-profile body of government-private sector partnership formed last year, gave the directive while chairing a meeting of the forum at the Chief Adviser's office when progress in implementation of decisions was being reviewed.
The BBBF came into being to give a much-needed shot in the arm of business and economic activities in the country through maintaining a business-and investment-friendly environment through cooperation under government-private partnership to attain sound national economic growth.
On progress in implementing the decisions taken at the previous meeting held on April 23, Monday's meeting, the Forum's fourth since its inception, was informed that six decisions regarding matters of immediate action have been implemented while 28 decisions out of 56 for short-term action (in one to two months) also implemented so far.
Besides, 28 decisions are lying under implementation by various ministries and departments.
The CA expressed satisfaction over the progress in implementation of the decisions and activities of the top-level business forum.
The co-chairpersons of five thematic working groups - Business Funding, Infrastructure, Macroeconomic Policy, Business Start, and Operation and Work Efficiency-presented their recommendations and progress report on implementation at the meeting.
The CA said, "The public-private partnership is a continuous process and it will have to be given a permanent institutional shape in the future which will work for overall development of trade and commerce and the country through cooperation under public-private partnership."
He said the BBBF secretariat would monitor whether results of the implemented decisions are yielding positive impacts.
The working groups will identify the problems and place clear and specific recommendations for solution before the Better Business Forum for its consideration.
Finance Adviser Mirza Azizul Islam, Special Assistant to the CA for Power and Energy and Mineral Resources Ministry M Tamim, co-chairpersons of the five working groups and other BBF members were present at the meeting.
In its last meeting, the BBF had discussed over 100 recommendations which were categorised for their quick, efficient and effective implementation in specific time.
They were categorised mainly in three groups-matter for immediate action which would be implemented immediately, matters for short-term action which would be implemented within one to two months and matters for midterm action to be implemented within four to six months.
Management and financing of Small and Medium Enterprise (SME) for its overall development and development of ICT sector were prioritised for immediate action.
Recommendations covered in short-term action group include expansion of tax holiday, providing tax facility, simplification of company registration, trade licence, VAT and environment certificates, reduction of bank interest, and development of work efficiency.