Bangladesh's Corporate World

In this modern age of technology any individual can communicate with anyone else within the matter of seconds thanks to cellphones and internet. Many Bangladeshi businessmen utilize this opportunity to communicate with their partners and clients via technology rather than meeting them face to face. But is it really the best way to go for a successful business? Some of the most successful corporate houses of Bangladesh were established in an era where face to face meeting was the only option for communication with clients and other associates. Even after several decades those companies are still going strong. The key factor behind this incredible success is just one simple fact- face to face meeting. The impact of social media and technology is obvious in this age. But here are some major reasons why face to face communication beats any other method for a successful business: A face is better than a thousand voices In the recent past there has been an upsurge of online s...

People find business marketing of small starting money tough to establish having less option to make it successful. That is why most people think it as a waste of time and money and never tries to set up such types of business. This is found more realistic when the people try to hire professionals or “Branding” consultant but can never make it up having a bad experience. If we talk about hiring consultant for marketing, a person need to be sure about the consultant that he knows the most efficient way of marketing. But sometimes, money is a problem. Not everybody has the ability to consult someone but using various approach ways and planning the work can be done without facing any economic difficulties. Three Small Business Marketing Strategies For Success Firstly the service given by the business people should be so good that people like and appreciate it. Most people say that they will give the best service but it is not as easy as it seems. Also the way they are thinking is ...

Bangladesh is a low-income country. But it has a stable economy. Bangladesh has the second most ‘pro-capitalist population’ in the developing world to give another boost to the economy. Between 2004 and 2014 the average GDP growth rate was 6%. Now it is over 6.5%. Since independence in 1971 the economy of Bangladesh has made a gradual progress. Now Bangladesh is considered as part of the Next Eleven Emerging Market and one of the Frontier Five. Before 1980, the economy was largely dependent on jute and jute products. From 1990s onward, textile, garment, pharmaceuticals, shipbuilding ceramics, leather goods and electronics came forward. Beximco, ACI, Square Group are the market leaders. And today, the economy of Bangladesh is led by export-oriented industrialization including the garment industry and the textile industry. Garment industries contribute the most. Up to 6-8% of the total growth of the country comes from the sector. Now, there are more than 5000 garment industries acro...

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...

Bangladesh is a low-income country. But it has a stable economy. Bangladesh has the second most ‘pro-capitalist population’ in the developing world to give another boost to the economy. Between 2004 and 2014 the average GDP growth rate was 6%. Since independence in 1971 the economy of Bangladesh has made a gradual progress. Now Bangladesh is considered as part of the Next Eleven Emerging Market and one of the Frontier Five. Before 1980, the economy was largely dependent on jute and jute products. From 1990s onward, textile, garment, pharmaceuticals, shipbuilding ceramics, leather goods and electronics came forward. And today, the economy of Bangladesh is led by export-oriented industrialization including the garment industry and the textile industry. Garment industries contribute the most. Up to 6-8% of the total growth of the country comes from the sector. Now, there are more than 5000 garment industries across the country. The BGMEA said textile exports are expected to rise to U...

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 ...

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...