Daffodil International University
Faculties and Departments => Business & Entrepreneurship => Business Administration => Topic started by: Rozina Akter on May 19, 2014, 12:27:21 PM
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Speakers at a seminar Sunday stressed the need for establishing a bank dedicated for the country's tourism sector to provide comprehensive banking services for the sector.
The speakers, mainly from the sector insiders, made the demand at the seminar styled 'Necessity of Tourism Banking in Bangladesh'.
Bangladesh Tourism Foundation (BTF) and the Department of Tourism and Hospitality Management of Dhaka University (DU) jointly organised the programme at the Senate Building of the university.
State Minister for the ministry of finance (MoF) M A Mannan MP addressed the seminar as the chief guest while Chairman of Tourism Development Bank, Nepal Prof Dr Pushpa Raj Kandel presented the keynote paper in it.
Among others, Bangladesh Bank Deputy Governor Abu Hena Mohammad Razee Hasan, BTF President Mokhlesur Rahman, Director General of Bangladesh Institute of Bank Management (BIBM) Prof Dr Toufiq Ahmed Chowdhury, DU Business Studies Faculty Dean Prof Shibli Rubayat-ul-Islam addressed the event.
The BTF president told the seminar that the tourism industry ranked world's fourth largest after the fuel, chemical and automotive products, and the sector is rapidly growing in the developing countries.
"Travel and tourism also largely contributed to the country's overall GDP (gross domestic product) growth earning Tk 394.8 billion in 2013", Mr Rahman said adding that the experts forecast that the GDP contribution would rise by 4.3 per cent during the ongoing calendar year.
He said in 2013, investment in travel and tourism was Tk 40.5 billion or 1.5 per cent of the total investment. The sector leader strongly advocated for enhancing the existing investment size by 3.4 per cent in 2014.
Mr Chowdhury of the BIBM recommended an in-depth feasibility study to establish the tourism bank in the country.
Echoing the needs of a dedicated bank for the sector, the banking expert said this bank could be financed by sharing with other existing financial institutions.
The MoF state minister emphasised the need for ensuring political stability terming it a prerequisite for the development of the country's potential sector. "Unfortunately, this culture is not practiced in Bangladesh", he said.
Source: The Financial Express
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