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JCI Bangladesh Successfully Concludes 2024 Local Officers Training

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JCI Bangladesh

Junior Chamber International (JCI) Bangladesh orchestrated a highly successful ‘2024 JCI Bangladesh Local Officers Training’ at the prestigious United International University (UIU) Auditorium in the heart of the capital. The one-day event, inaugurated by JCI Bangladesh’s esteemed 2024 National President Imran Kadir, aimed to empower and equip local board members with essential skills for effective leadership and community impact.

The event, held last Friday (29 December), brought together 400 board officers from over 40 local organizations affiliated with JCI Bangladesh. Ten esteemed instructors, highly renowned in their respective fields, played a pivotal role in facilitating the training sessions. Distinguished individuals included University Professor and Emotional Intelligence Coach SM Arifuzzaman, 2023 National President Ziaul Haque Bhuiyan, 2024 Foundation Chairperson Erfan Haque, Secretary General Fahim Ahmed, National GLC Md. Tahsin Azim Shezan, National Treasurer Kazi Fahad, National Executive Vice President Eazaz Mohammed, National Training Commissioner Md. Altamis Nabil, Vice President Fazle Munim, and Bangladesh Development Council Chairperson S. M. Tanveer Saad Akash.

President Imran Kadir emphasized the significance of widening JCI’s reach, fostering opportunities for young entrepreneurs, and establishing avenues for youth employment and business interactions. The training event played a crucial role in equipping local board officers to lead towards these objectives.

Md. Altamis Nabil, JCI Bangladesh National Training Commissioner and event convener, expressed satisfaction with the active participation and enthusiasm shown by attendees. The training aimed not only to impart knowledge but also to inspire proactive engagement in societal development.

Beyond the core training sessions, the event featured a welcome speech by Abu Sadat, Deputy Director (Public Relations) of United International University, highlighting the importance of collaborative endeavors between academia and organizations fostering leadership and social responsibility.

The success of the ‘2024 JCI Bangladesh Local Officers Training’ was attributed to the collaborative efforts of key figures, including Secretary General Fahim Ahmed, Foundation Co-Chair Taha Yasin Ramadan, Event Committee Chair Raihan Akbor Tutul, and Executive Assistant to National President Fatema Akter Naz, who served as Co-COCs of the event. Their dedication ensured a comprehensive and insightful experience for all participants.

Looking ahead, JCI Bangladesh affirmed its commitment to continued skill development initiatives for all its members, enhancing their capabilities to drive positive change within their communities. As a global organization present in over 100 countries and boasting a membership exceeding 150,000, JCI remains dedicated to nurturing leadership, social responsibility, fellowship, and entrepreneurship among young professionals aged 18 to 40. In Bangladesh alone, over 5000 members across 40 local chapters actively contribute to societal and national development in alignment with the organization’s mission.

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Container rate surge enters longest stretch since the pandemic

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Container export

The spot rate for shipping goods in containers to Europe from Asia rose for a ninth straight week, the longest stretch of rising prices since the pandemic disrupted global supply chains in 2021.

The rate for a 40-foot container to Genoa, Italy, from China hit $7,029 over the past week, the highest level since September 2022, according to the Drewry World Container Index released Thursday. The cost to Rotterdam increased to $6,867. Both rates have essentially doubled since April.

For the busy trade route from Shanghai to Los Angeles, the rate rose for a seventh straight week, to $6,441.

While not all freight is moving at such elevated prices, the spot market for containers reflects the supply of available space on ships and the demand from importers. That balance has tightened during the past six months as vessels avoid the Red Sea, where Houthi rebels have attacked commercial traffic, including a bulk commodity carrier that sunk earlier this week.

Most container lines are taking the longer route around southern Africa, creating disruptions similar to those two or three years ago. Ryan Petersen, founder and chief executive officer of Flexport Inc., said “we’re right back almost to where we were during the peak Covid situation.” He’s seeing spot rates even higher than the numbers Drewry just reported.

“Right now, if you want to ship a container from China to here in the UK it will cost you about $10,000 unless you have a contract,” Petersen said during a Bloomberg Television interview in London on Thursday. “And by the way, most of those contracts that were signed at lower prices are not being honoured and they’re adding surcharges to them.”

Petersen said it’s hard to predict how long shipping prices will keep climbing, noting that carriers spent some of their record-high profits made during the pandemic on new vessels that are entering service through 2026, which should help ease the latest capacity crunch.

But he also said uncertainty about delivery reliability later this year is worrying some companies and motivating them to order now rather than wait. Among the threats is a dockworker strike at ports along the US East and Gulf coasts, which Petersen said might send container rates above their pandemic highs if cargo bound for those gateways is significantly disrupted.

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PM Sheikh Hasina Urges UAE Investors to Tap into Bangladesh’s Special Economic Zones

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PM Sheikh Hasina Urges UAE Investors to Tap into Bangladesh's Special Economic Zones

Prime Minister Sheikh Hasina has called on United Arab Emirates (UAE) investors to invest in Bangladesh’s special economic zones. The request was made during a meeting with UAE Ambassador Abdulla Ali Abdulla Khaseif Alhmoudi at her official residence, Ganabhaban, this morning.

According to the Prime Minister’s Press Secretary, Md Nayeemul Islam Khan, the UAE ambassador assured the prime minister that his country would issue visas for Bangladeshi workers, ensuring they have jobs waiting for them in the UAE. The envoy emphasized the importance of preventing illegal migration from Bangladesh, a concern both countries agreed to address more diligently.

The UAE ambassador also mentioned that several UAE ministers are planning to visit Bangladesh soon to explore new avenues for strengthening bilateral relations. “We already have a very extensive and deep tie, but we are eager to take it to a new height,” Alhmoudi stated.

Alhmoudi highlighted that approximately 20,000 Bangladeshis travel to the UAE each month, with the UAE embassy issuing around 1,000 visas daily—500 directly and 500 through agents. He extended an invitation to Prime Minister Sheikh Hasina to visit the UAE, noting that UAE President Sheikh Mohamed bin Zayed Al Nahyan and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum are eagerly waiting to welcome her.

In response to Sheikh Hasina’s appeal for UAE investment in Bangladesh’s special economic zones, Alhmoudi said that the visiting UAE ministers would discuss the matter further. The envoy also sought cooperation from the prime minister to expedite UAE investments in Bangladesh, including in the container terminal sector. Sheikh Hasina assured him that her government is accelerating processes across all sectors.

Additionally, Alhmoudi mentioned that a UAE company is in the final stages of negotiating prices to provide an Advance Passenger Information System (APIS) to Bangladesh’s civil aviation sector. The prime minister delegated the task to PMO Secretary Mohammad Salahuddin.

For security reasons, the US, EU member states, and other countries now require detailed passenger information from airlines before travel, known as Advance Passenger Information (API).

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Bata Shoe Reveals Impressive EPS Surge in Q1

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Bata Shoe

One of the listed companies, Bata Shoe Bangladesh Limited discloses its financial reports for the first quarter, (January – March 24).

The company’s earnings per share (EPS) was Tk 13.42 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 9.96 (restated) paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 251.35.

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