Bangladesh's Corporate World

The government of Bangladesh has banned exporting of fundamental food - rice, soya bean oil, sugar and palm oil for three years. It also took decision to enhance pharmaceutical export. The amount to be used for this purpose is approximately sixty thousand dollar, which is twice of the previous limit that expired in June 2012. Due to this new policy, the sampling amount of the letter of credit has increased from 5% to 10% per year. An official from the ministry of commerce confirmed that this decision has been made after expert consultation of the corporate houses of the country and apex trade body - the Federation of Bangladesh Chambers of Commerce and Industry and all the other necessary chambers and associations. The new policy includes some prerequisite conditions that need to be fulfilled by industries in order for them to gain access to utility services. Products such as petroleum, that fall under the energy and mineral resource category, however, are exempted from this, since...

The poultry trade of Bangladesh faced threat of survival quite a bit in the past few years, due to the continuous outburst of diseases like bird flu; it still is facing such crisis’s which is holding back the growth of the sector. According to Poultry Breeders Association of Bangladesh, the sector is facing bumpy competition that is causing an elevation in the level of difficulties for domestic poultry farms to prolong their business on an unrelenting basis. One of such which is the high level of interest rates for the credits taken from the local banks, which can rise as high as 18 percent. Some foreign investors have taken advantage of this situation and entered the domestic market through supplying of credits at rates as low as 5%. As per PBAB information, such firms have been able to already raise their shares up to 40%. The PBAB has discovered the reason to be lack of specific guidelines for the improvement of the sector.  The opportunity where it is equal for Bangladeshi or ...