Skip to main content

Salman F Rahman asks for a flexible attitude from revenue officials

By The Economist
Business leaders and industrialists are worried about new VAT law as there is confusion over it. At a discussion organised by Large Taxpayers Unit of the revenue authority, Prime Minister and Awami League President Sheikh Hasina’s private sector affairs adviser Salman F Rahman said “I, on behalf of the business community, welcome the new VAT law, scheduled to be implemented from July 1. But I want to request the NBR to make sure that the revenue officials show a flexible attitude in the first 3-4 months of implementation of the law and consider it as transitional period.”


Salman F Rahman was present in the discussion as the chief guest. The NBR chairman Md Nojibur Rahman was on the chair. Responding to the call, NBR chairman assured that the new VAT law will be hassle-free. In the discussion, Salman F Rahman further said the law was initially planned to be implemented from July 2015 but it was delayed by the government amid demands from businesspeople. In the meantime, the National Board of Revenue held a lot of training and workshops on the matter. Then he added “Even after that there is a feeling that increased awareness is necessary.”

One of the most prominent businessmen of the country, Salman F Rahman, is also among the famous personalities of Bangladesh. Salman F Rahman is the co-owner of the most prominent and largest company of the country – Beximco Group. With unique foresight and vision, he transformed the company into the largest private sector group in Bangladesh. Around 48,000 people directly work at separate business ventures of Beximco Group. The workers are paid much higher than the minimum wage set by the government. The company mainly focuses on textiles, ceramics, financial services, energy, IT, pharmaceuticals and electronic media. Beximco Group not only serves the domestic market; it had expanded its sphere in the global market. Beximco in fact is a brand as much as Salman F Rahman is. Salman F Rahman rightfully identified that investing in medicines and ceramics will bring him profit and help the country in general because there was huge shortage of these products in the local market. At the moment Beximco Group is the market leader in both medicines and ceramics industry. And in course of time, this dynamic businessman explored IT industry, textiles, real estate, media and aviation. In most of the ventures, he succeeded. The dynamic businessman has become famous because of this extra-ordinary vision and for being two steps ahead from other businessmen in the country. Salman F Rahman set up country’s first private bank along with Dubai-based Galadari Brothers Group in 1982. The bank was named Arab Bangladesh Bank. However he sold stakes of this bank in late 1980s and bought 30% at International Finance Investment and Commerce Bank, otherwise known as IFIC. At the moment he is the chairman of the bank.
Labels:

Comments

Post a Comment

Popular posts from this blog

About Nasir Group

By The Economist
Nasir Group is one of the largest industrial conglomerates in Bangladesh. The industries include industrial glass, tobacco, printing and packages, light engineering, melamine. It is one of the leading industries in glass manufacturing sector of the country. The company started its journey in 1977. Now this group expands in every industrial sectors of Bangladesh like tobacco, melamine, printing and packaging and footwear. Recently it started producing energy saving light bulbs. Nasir group has a great role in socio-economic development of the country. Dominance in Glass Sector Glass is one of the products of Nasir Group of Industry. Nasir group has a vital role to make Bangladesh self-sufficient in glass sector. This company provides a large portion of glasses to meet country’s demand. Nasir group started float glass production in 2005. The company built its glass manufacturing factory in Gazipur at a cost of Tk.300 crore. Nasir Glass now holds more than 40 percent of the total mark...
Post a Comment
Read more

After Beximco Group, Square Group and Pran Group, PHP Family is coming up

By The Economist
Along with Beximco Group, Square Group, Pran Group, PHP Family is contributing immensely to the economic progress of Bangladesh. Beximco Group and Square Group are the top private sector players but companies like PHP Family are coming up. Sufi Mohammed Mizanur Rahman, an ex banker, established PHP Group which was later re-named as PHS Family. PHP Float Glass is a concern of PHP group and is the pioneer of glass industries in the country. Now PHP float glass industry is the largest glass producer. Ample success in Glass sector along with other indusial sector, PHP group is contributing much to the development of the country. PHP float glass industry limited is Chittagong based sister concern of PHP group. Built on 30-acres of land, with a total investment of Tk 300 crore, the PHP Float Glass Industry at Barabkunda of Sitakunda in Chittagong launched its commercial production in 2005.It produces various types of glass according to local demands. It produces clear-glass sheet of 2MM...
1 comment
Read more

Bangladesh's fashion industry

By The Economist
Fashion is a popular style or practice, especially in clothing, footwear, accessories and makeup. Fashion is a distinctive and often habitual trend in the style in which a person dresses up. Fashion industry is the product of modern age. In the past tailors and dressmakers were undoubtedly responsible for the innovation of fashion and changing fashion as well. Actually fashion depends on taste of people. For this reason fashion varies from region to region.  Before 20th century most of the dresses were handmade. At the beginning of 20th century fashion magazines were more responsible for adopting and changing fashion. But at present media, social network, fashion websites play the most important role for changing fashion. Though the people of Bangladesh have a unique fashion of their own, they also follow the fashion of many countries. For this there is huge opportunity for the fashion industry to grow. As a result, depending on the taste of Bangladeshi people a huge numbe...
1 comment
Read more