Message from the IBFB President

Dear visitors. Assalamualaikum.

Let me take the opportunity to provide some information on the International Business Forum of Bangladesh (IBFB).

IBFB is a non-profit, non-partisan organization of Bangladeshi and foreign business owners and executives. Working together, our goal is to identify common business challenges, consider solutions, and advocate for change in public policy that will strengthen our business environment and accelerate our country’s economic growth for the benefit of all Bangladeshi citizens

IBFB was formed under the register of Joint Stock Companies and Firms in September 2005, and received support in from the International Republican Institute (IRI) and also receives support from PROGATI(Promoting governance, accountability, transparency and integrity), the U.S. Agency for International Development (USAID).

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Stakeholders Meeting on “Overseas Investment by Bangladeshi Entrepreneurs” PDF Print E-mail

International Business Forum of Bangladesh (IBFB) organized a Stakeholders Meeting on “Overseas Investment by Bangladeshi Entrepreneurs” on Monday, 04 May 2015 at the A.S. Mahmud Seminar Hall (3rd Floor) of the Daily Star Building in Dhaka. Dr. Mashiur Rahman, Hon’ble Adviser (Economic Affairs) to the Prime Minister was present as the Chief Guest in the meeting. Mr. Hafizur Rahman Khan, President, IBFB chaired the Stakeholders Meeting, where Dr. A. K. Fazlul Haque Shah, Professor, Dhaka University presented the Keynote Paper. Mr. Mahmudul Islam Chowdhury, Founding President, Mr. Md. Omar Shafayat Kausar, Vice President and Mr. Md. Abdus Salam, Executive Director of IBFB were also present on the Dias.

The Govt. should allow Bangladeshi entrepreneurs to invest abroad, eminent business leaders opined in the Stakeholders Meeting of IBFB

It was discussed in the meeting that overseas investment by Bangladeshi entrepreneurs is not allowed from the inception of Bangladesh, which is contrary to the government policy of pursuing free market economy. As per Foreign Exchange Regulation Act 1947, no resident or entity is entitled to make payment including FDI to an overseas individual or entity without the prior approval of the Bangladesh Bank. According to the estimates of UNCTAD (2014) the outflow of FDI from Bangladesh is very negligible compared to the inflow. Bangladesh experienced significant growth in FDI inflows among the South Asian countries: from $1.3 billion in 2012 to about $1.6 billion in 2013, whereas its FDI outflow was only below $0.1 billion. It was ranked 85th among the ranked 93 countries according to Stock of Foreign Direct Investment- abroad, 2015 country ranking (CIA World Factbook, 2015). In terms of FDI outflow from South Asian countries, Bangladesh is lagging far behind compared to its other neighboring counterparts.

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“Good governance is a major concern for Bangladesh’s development”, U.S. Ambassador in IBFB’s Farewell Dinner PDF Print E-mail

“Good governance is a major concern for Bangladesh’s development”, U.S. Ambassador in IBFB’s Farewell Dinner

 

International Business Forum of Bangladesh (IBFB) organized a Farewell Dinner & Cultural Evening in honor of Mr. Dan W. Mozena, U.S. Ambassador to Bangladesh and his spouse Ms. Grace Mozena on Monday, 15 December 2014 at 07:30 pm at Gulshan Club, Dhaka.

U.S. Ambassador Dan W. Mozena was delivering his speech in the Farewell Dinner organized by IBFB on 15th Dec 2014. Ms. Grace Mozena (2nd from right), spouse of U.S. Ambassador, Mr. Hafizur Rahman Khan (seated 1st from left), President, Mr. Mahmudul Islam Chowdhury (2nd from left), Founding President are Mr. Md. Omar Shafayat Kausar (right), Vice President of IBFB are also seen.

Mr. Hafizur Rahman Khan, President of IBFB, in his welcome speech, acknowledged and cordially thanked to Mr. Dan Mozena for his outstanding contribution to enhance bilateral trade and business relationship between Bangladesh and USA. He mentioned, the U.S. Ambassador visited all 64 districts of Bangladesh which he himself could not manage to do in spite of being a Bangladeshi by birth. Mr. Khan said, along with great Bengali Nobel Laureate Dr. Amartya Sen, it is the U.S. Ambassador Mr. Dan Mozena who inspired us by proclaiming our remarkable achievements – our socioeconomic development, achieving many targets of Millennium Development Goals – and as such, branding Bangladesh as an Emerging Tiger … a Royal Bengal Tiger in Asian and World Economy. He also appreciated the U.S. Ambassador for his initiatives for external branding of Bangladesh in the international market such as his participation in Road Show in USA as to promote Bangladesh market to the foreign buyers and investors.

 

Md. Omar Shafayat Kausar, IBFB Vice President presented a souvenir of our National Monument to Mr. Dan Mozena and Mr. Iqbal Hussaiyn, IBFB Director presented a traditional Bangladeshi embroidered quilt named Nakshi Kantha to Ms. Grace Mozena. Mr. Mahmudul Islam Chowdhury, Founding President of IBFB facilitated the whole event. The event was sponsored by IFIC Bank.

 

The U.S. Ambassador said in his remarks that he is very fortunate to represent USA in Bangladesh, the country he termed as “mighty Bangladesh, the world’s eighth largest country, the world’s third largest Muslim-majority country, a moderate, tolerant, secular, pluralistic alternative to the violent extremism that stains other countries of the world”. Recalling his experience and visits to all districts of Bangladesh, Ambassador Dan Mozena said, the great wealth of this nation are the richest soil, the ample water, the perfect climate for up to four growing seasons a year, the reserves of gas and coal. He said, Bangladeshi people are hard working, creative, generous, entrepreneurial, resilient, and they are the greatest asset of the country.

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Day-long Training on “Business Communication in English” PDF Print E-mail

In pursuit of its advocacy program for awareness & excellence, IBFB has taken a step forward to impart knowledge and skills for operating respective businesses of the Member companies as well as other companies and business firms. Accordingly IBFB organized a Day-long Training on “Business Communication in English” on Saturday, 13 December 2014 at its Banani Office in Dhaka.

Md. Omar Shafayat Kausar, Vice President, IBFB (right) presenting a Crest to Mr. Md. Abdul Karim, former Principal Secretary & Managing Director of PKSF at present (center). Mr. M S Siddiqui, Director of IBFB & CEO of Bangla Chemical is also seen.Mr. Md. Abdul Karim, former Principal Secretary who is currently serving as the Managing Director of Palli Karma-Sahayak Foundation (PKSF) presented training certificates among the participants.

Mr. M S Siddiqui, Director of IBFB & CEO of Bangla Chemical, a renowned Legal Economist & Author in Bangladesh who regularly writes columns on different business and economic issues in leading national dailies such as Daily Star, Daily Financial Express and Daily Observer, facilitated first two sessions of the course.

Mr. Mohammad Saif Noman Khan, Senior Assistant Professor, IBA, University of Dhaka, the innovator and facilitator of Advanced Certificate in Managerial Communication (ACMC) for business executives facilitated the third and fourth sessions of the training course.

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