Bangladesh's Corporate World

Chittagong Port is a vital variable to Bangladesh's economy and the prospect of growth. How well it is handled and dealt has a direct relation with the emergence of new businesses and growth of the existing ones. Most Bangladeshi group of companies including the top Pran Group, Jamuna Group, Square Group, Bosundrara Group depends on the efficiency of Chittagong Port as they export a big bunch of their manufactured goods through this gateway. A random article on the Chittagong Port mentioned that the country's garments industry is largely dependent upon this port. The statement makes sense. The article further mentioned that the port not only can help Bangladeshi based businesses, it can help the country earn foreign remittance by offering the service to neighboring countries - India, Myanmar, Nepal and Bhutan. Bangladeshi businessmen and corporate houses will be benefited by miles if efficiency increases of Chittagong Port. They will be more enthusiastic in manufacturing k...

It is said that our failures teach us many things. That may or may not be true. In any case, it is better to avoid making the all-too-common mistakes regarding finances. Here are few times on how to avoid financial blunders in businesses: 1. Expanding before funding is confirmed: Too often business owners become overly optimistic about the potential of their business. That is quite natural. It is a positive thing to be excited and hopeful about the success of your enterprise. However, you must be careful of not pulling the trigger and expand things before they are ready. Many promising businesses have gone under or suffered a set back due to a lack of foresight when it came to resisting the urge to grow before roots had been firmly planted. 2. Allowing credit terms: It is quite natural that new or smaller businesses want to do whatever it takes to get a good customer base. After all, customers are what keep doors open. However, business people must also remember that customers can...

Governments of Bangladesh and Singapore have agreed to increase their air flights between themselves hoping that it will increase their bilateral trade. This will also increase people-to-people exchange. This agreement reached its conclusion early this month. Earlier this month, Mr. Masagos, the Senior Minister of State for Foreign Affairs and Home Affairs had a meeting with the Foreign Minister of Bangladesh and discussed international and regional development and cooperation in trade , investment and exchange of knowledge.

The meaning of globalization is not limited to international relationship anymore, it affects a country's other aspects such as communication, economy, modern technology, politics, sports/ recreation,culture and so many other things, not to mention the business sector. Due to globalization there are factors that count in the Human Development Index that makes Bangladesh stand out in the crowd. Here is an informative post on effect of globalization on Bangladesh's economy and social customs. 

People holding the topmost position of the top companies in Britain are being paid more and more every year. The issue is similar to Bangladesh in so many ways. Research showed that their payment is increasing five times more than that of an ordinary employee. For Instance, the annual pay of FTSE 100 CEO in 2011 was more than £3 million, which is an 8.5% rise from last year. It came to everyone as a surprise because last year was not good for the investors. The case is similar in Grameen Phone, Banglalink, Airtel and other mobile operators of Bangladesh. For the ordinary workers, the average salary rise was just 1.6% when the inflation rate is more than 3.5%. This is making growth prospects even harder. George Osborne, the Chancellor, has received several questions from the business community and the City Council to plan a new growth prospect. But who would ask the questions in Bangladesh? More bad news for the investors is that the FTSE 100 has fallen down more than 6.5% during the l...