Bangladesh’s economy continues to make progress, and is looking to cement its new status as a middle-income country.
Writing in leading magazine, World Finance, Commerzbank’s Alexander Rost, Regional Head Indian Subcontinent & ASEAN, suggests that, to achieve this, a diversified economy is essential. This will require expanding new industries, reducing Bangladesh’s traditional overdependence on the textile industry, and improving its national infrastructure.
Rost argues that a strong financial sector can help mitigate risks to Bangladesh’s trade, and support its sustainable integration into the wider world economy.
The article can be read within the magazine here.
Falcon Group recently hosted a roundtable discussion in London to explore the exporting landscape – examining the challenges, opportunities as well as solutions for long-term growth and boosting British exports.
The roundtable, chaired by GTR, covered a number of topics, including the role of education in encouraging exporting, the impact of regulation on British exports, the rise of specialist financiers following the trade finance gap, and the role of the private sector in boosting British exports. The participants also discussed the complexity behind obstacles facing British companies in starting and continuing to export, and the reasons behind a limited British presence in the emerging markets.
The participants included representatives from the International Chamber of Commerce (ICC) UK, UK Export Finance (UKEF), British Exporters Association (BExA), Cummins Power Generation, Santander, and Coface UK, as well as Falcon’s CEO Will Nagle; CFO, Nick Gowland; and Head of Business Development for UK and Europe, and Emma Clark.
To read the full write-up of the discussion in GTR, please click here. (Please note, this link lies behind a paywall).
Commerzbank has announced the appointment of two new representatives for their offices in Taiwan and Vietnam. Hans-Kurt Schäfer (right) will head the bank’s representative office in Taipei, taking over from Thomas Debelic (left) who is to lead the Ho Chi Minh City base.
Commenting on the move, Schäfer says: “I am excited to be returning to Asia, adding to 30 years of experience working there and closely monitoring its development. Taiwan, in particular, is a market with great opportunities for engaging with the wider global economy. I would like to wish Thomas Debelic well on his new position.”
Debelic adds: “I look forward to my new position in Vietnam and hope to bring my experience of working with emerging financial markets and micro finance-strategies to East Asia. I would also like to thank my predecessor, Norbert Kraatz, for having built a solid foundation of expertise and contacts.”
The task of the representative offices is to establish close relationships with local banks, and advise corporate customers – mainly from Germany and Europe – while also cultivating contacts with local government offices.
Thanks to Moorgate’s outreach, the news was covered by a range of specialist trade and financial press, including The Asset, Global Trade Review, India’s Financial Chronicle (in print) and Treasury Management International.
In an article with Global Education Magazine, ICC’s John Danilovich discusses how digital learning platforms are breaking down barriers to education by no longer requiring individuals to be in a set place and time to study. The ICC Academy is purposefully delivered online – enabling professionals to study around their busy schedules while also accessing the highest-quality education. What’s more, ICC
Academy courses are developed and moderated by industry-leading professionals and practitioners – ensuring that the education is rigorous, relevant and applicable.
Finally, the use of digital platforms allows the ICC Academy to extend beyond the classroom – delivering networking and career development opportunities that were previously not associated with online education. In fact, ICC and International Enterprise (IE) Singapore launched in partnership the International Trade Associate Programme (ITAP) that gives students at four leading Singaporean polytechnics the opportunity to gain industry-accredited certification as well as internships and apprenticeships.
To read the full article, please click here. Please note that the article is located on page 108.
John Danilovich, Secretary General of the International Chamber of Commerce (ICC) discusses the role of professional education in eradicating barriers to economic growth in emerging and developing markets in an article in Myanmar Business Today.
Globalisation is swiftly evolving the global business world by opening the doors to trade between more diverse sets of countries. While this growth is good, there are challenges that must be addressed in terms of skills shortages and divergent business practices. The ICC Academy is addressing these challenges by using education to converge business standards and practices – streamlining the way business is conducted around the world. And it is doing so by providing sophisticated courses that are created and moderated by industry-leading professionals and practitioners. What is more, the Academy utilises digital platforms to provide global access to education – with the only requirement for access being an internet connection.
To read the full article, please click here.
In this month’s TFR, His Excellency Williams Nkurunziza, Rwandan High Commissioner to the UK, explains how Rwanda has managed to rise out of its troubled past to maintain one of the highest GDP growth rates in the world over the last decade. Nkurunziza illustrates in careful detail how strong leadership has strengthened infrastructure and encouraged investment, bringing the country closer to its vision of a knowledge-based service economy by leaps and bounds.
Named one of the ‘top reformers’ in the World Bank Group’s Doing Business report 2015, and with a safe and opportunity-rich environment for women, Rwanda has an an unparalleled tale of rebirth to tell.
To read the full article, please view pp.32-35 of the magazine here.