Bangladesh's Corporate World

China Harbour Engineering Company and China State Construction Engineering Corporation jointly signed an agreement with Bangladesh government for construction of the Payra seaport costing USD 510 million.  According the agreement, China Harbour Engineering Company would construct the core port infrastructure which would cost USD 150 million while the riparian area fortifying work would be done by  China State Construction Engineering at USD 300 million. This company would also other facilities including health and housing by spending USD 60 million. If this government-to-government agreement is completed and all infrastructures development is constructed then the GDP of the country would increase by 1 percentage point. This third seaport in the country and it would cost the government about USD16 billion. Due to low navigability at the Karnaphuli River and limited facilities at Chittagong port, large vessels, carrying petroleum products, are forced to anchor at deep sea. L

1. Anything that you do; be skilled in your present place of employment. 2. Comprehend the way of life of the association, particularly their desires of what makes a decent representative. They all say they have faith in cooperation, commitment, diligent work, and so on. In any case, take a gander at the representatives who are fruitful, who get the acknowledgment, who rise rapidly — they speak to what the organization is searching for. 3. Comprehend that legislative issues is a reality of corporate life, and figure out how to manage it. That implies you require some serious energy to comprehend the perspectives of the general population required in corporate clashes. 4. Always remember that connections in business ought to be 'business connections'. You may have a companion or significant other at work, yet the relationship will end the minute the chance to progress in the business is set amongst you and your companion. 5. If you need to succeed in a professional work

Country's largest company Beximco Group signed a treaty with China Energy Engineering Corporation on developing several energy projects. China Energy Engineering Corporation is a Fortune 500 Company and currently one of the biggest power solution supplier companies in China and in the world. CEO of Beximco Power Company Ltd, Ajmal Kabir, signed the agreement at Beximco Group’s head office. President Fu Hongwei signed the agreement on China Energy Engineering Corporation's behalf. Beximco Group’s chairman Sohail F Rahman, its vice chairman Salman F Rahman, director Shayan F Rahman and Chinese Ambassador to Bangladesh Ma MingQiang were present at the occasion. After signing the agreement, vice chairman of Beximco Group, Salman F Rahman said that it was a significant day for the company. He said the projects will have significant contribution in the energy sector of Bangladesh. Salman F Rahman is one of the top businessmen in Bangladesh and has always looked for new and chall

In February 2016, the credit growth in private sector of Bangladesh increased at 15.11% by crossing the 14.80% credit ceiling set by Bangladesh Bank for ‘January to June’ monetary policy. Bangladesh Bank’s data shows that the credit to private sector was Tk.6,27,960 crore in February 2016. It was Tk5,45,534 crore in same period of the previous year. Bangladesh had seen the highest credit growth in 2012; that was 16.6%. But from then, the rate was always less than 15% due to sluggish investment atmosphere. In October, 2015, the rate of credit growth started going up at 13% and in December of the same year, the credit growth reached at 14.19%. Following this upward trend, credit growth in private sector reached 14.80%. Bangladesh Bank was compelled to reduce credit ceiling for two monetary policies due to low credit growth. The domestic credit growth was 11% in February but central bank had set 15.50% as target for June. However, domestic credit growth has been rising and it may pre

There are some things that should always be kept in mind to be successful in sales. Demand and supply are the biggest things in these sectors. These two things are very much related to each other, but both are equally essential for profit making. The supply is to fulfill the demand, so both trigger the success in sales. A product that stands in the middle to low tier has more purchases, almost recurring. Because if a lower level product is damaged in any way, the customer is more likely to buy another one instead of fixing it, as both may end up costing the same. This is an affordable product, which can also be regarded as a source of profit. On the other side, there are a lot of products which are technologically very much advanced, but at the same time inaccessible by the mass because of its excessive value. One may want to acquire a jetpack for personal causes, as the traffic jam has been a recurring problem throughout the years, but to make this technology accessible to the ma

CNN has published a report on the economic condition of the Bangladesh. The report said that the economic growth of Bangladesh would be third highest in 2016 at 6.8% GDP rate which even exceeds China’s GDP. In 2015, Bangladesh was in fifth position in term of highest economical development. The report indicates that Bangladesh’s economy would remain positive despite global economy slowdown. Though World Bank and IMF projected GDP at around 6.8%, an official of Bangladesh thinks other way as he reminded that Bangladesh always exceeds their estimates. It is possible to achieve 7% growth in country’s economy if there is no political unrest or any natural disaster. To get desired GDP growth, Bangladesh needs to work more and extra focus on some sectors. Government should focus on high interest rate, financial security of individuals. But the most important thing is to increase and make positive environment of more foreign investment. The report also hinted that Bangladesh would be thi

It has been 44 years since Bangladesh achieved its independence and there is no doubt that the country has moved forward. Historians might be capable of delineate the contours efficiently in the future, but those of us who lived through the battle that brought the beginning of this nation can examine how we fared and in which issues we faulted. A dispassionate look at of the fault lines may help us uncover the faults in the future. But in present we can see in front of us that Bangladesh is developing. Let’s talk about the improvements Bangladesh has made so far: Major foreign exchange-earners, distant places employees and ready made garments exports- these are the three sectors, Bangladesh has relied on. The amount of remittances of Bangladeshis operating in foreign labor markets is $ 1.7 billion/year. And it represents the largest net foreign exchange inflow. In the course of the duration 1991-2000, the yearly common drifts of short-time period migrants has changed into 226,000