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Showing posts from July, 2015

Salman F Rahman said Bangladesh is moving in the right direction

Salman F Rahman, the vice chairman of Beximco Group and chairman of IFIC bank, said that pharmaceutical exports of Bangladesh are about to take off. He predicted this during an interview with NIKKEI Asian Review.  He also said that stock market of the country is not a mature one and lacks institutional investors. The interview was published in March 2015 where he discussed many points with the correspondent of NIKKEI Asian Review. Salman F Rahman, a leading businessman of Bangladesh, talked about some core issues quite bluntly. In answering one question from NIKKEI Asian Review journalist Joseph Allchin, Salman F Rahman said the state owned banks were the backbone of the economy. He explained that in the early years of liberated Bangladesh, there were no private banks. Even when private banks started their operations, they were not big enough to provide support to the growing business sector. They did not have the capital adequacy to lend. It was the state owned banks those pr...