Bangladesh's Corporate World

It is in fact quite amazing that despite the global shocks, natural crisis, and local political instability, Bangladesh was able to maintain around 6 percent growth rate over the past few years. The GDP growth of Bangladesh was 3percent in the 1970s, and increased by 1 percent on average every decade. The credit goes to government's efforts to control population growth, which has significantly declined over the years. The per capita GDP growth rate was 1.7 percentage points on average every decade. Over the last three years, approximately 15 million people came out of absolute poverty due to the acceleration in the growth rate. Openness in the economy, financial deepening, macroeconomic stability and population control are some of the major reason Bangladesh experienced a steady growth over the years. Bangladesh now targets to enter the middle-income country strata by 2021. A recent report by World Bank said that in order to attain the middle-income status, remittances and GDP gro...

Chittagong Port is a vital variable to Bangladesh's economy and the prospect of growth. How well it is handled and dealt has a direct relation with the emergence of new businesses and growth of the existing ones. Most Bangladeshi group of companies including the top Pran Group, Jamuna Group, Square Group, Bosundrara Group depends on the efficiency of Chittagong Port as they export a big bunch of their manufactured goods through this gateway. A random article on the Chittagong Port mentioned that the country's garments industry is largely dependent upon this port. The statement makes sense. The article further mentioned that the port not only can help Bangladeshi based businesses, it can help the country earn foreign remittance by offering the service to neighboring countries - India, Myanmar, Nepal and Bhutan. Bangladeshi businessmen and corporate houses will be benefited by miles if efficiency increases of Chittagong Port. They will be more enthusiastic in manufacturing k...

Governments of Bangladesh and Singapore have agreed to increase their air flights between themselves hoping that it will increase their bilateral trade. This will also increase people-to-people exchange. This agreement reached its conclusion early this month. Earlier this month, Mr. Masagos, the Senior Minister of State for Foreign Affairs and Home Affairs had a meeting with the Foreign Minister of Bangladesh and discussed international and regional development and cooperation in trade , investment and exchange of knowledge.

The meaning of globalization is not limited to international relationship anymore, it affects a country's other aspects such as communication, economy, modern technology, politics, sports/ recreation,culture and so many other things, not to mention the business sector. Due to globalization there are factors that count in the Human Development Index that makes Bangladesh stand out in the crowd. Here is an informative post on effect of globalization on Bangladesh's economy and social customs. 

According to analysts, good ideas may bring sufficient sponsors for entrepreneurs, so no worries for initiating a business as long as you have a good idea to build up on. These funds can be brought from the company’s corporate social responsibility funds. Even small amount of fund from companies may help flourish the social business. Social business events like the one held in Savar at Gonoshasthya Kendra, can bring a lot of attention both in the local public’s eyes as well as intellectuals; like the one mentioned which brought in together 700 local people and 125 foreign participants, the issue of which was to clarify the concept of social business and it being a way to resolve complicated matters. The discussion held there pulled out some outstanding facts about how CSR fund can benefit both the entrepreneurs as well as the company providing the CSR fund. They encouraged innovative ideas from the new generation, to work for the society and also to encourage others around...

About 67% people of Bangladesh are directly or indirectly associated with farming in Bangladesh. Land being exceedingly fertile, the agricultural possibilities of Bangladesh are huge. Bangladesh is the 4th largest rice producing and the 2nd largest jute producing country in the world. Bangladesh also holds a respectable position in growing various seasonal and tropical fruits. This sector of Bangladesh can become successful if the farmers are properly trained and modern technologies are applied. Bangladesh has an ample stock of natural resources as well. The country also has quite a large amount of natural gas. Besides, Bangladesh possesses some coal, hard rock, lime stone and silicone stockpile. At present, the Electric sector of the country is being operated by natural gas and coal. But due to the heavy demand, Bangladesh will very soon have to look for renewable sources of energy. The main industries of Bangladesh are textile, readymade garments, tea processing, newsprint pape...

World Bank has highlighted four major hindrances in the economic growth of any nation. They have said that the chaotic situation in Middle-East, shortage of Euro, ever increasing price of oil in the international market and local energy crisis are the main issues behind the sloth speed economic development of a nation. The government of Bangladesh has to put their focus on these issues to attract more foreign direct investment in the country. The energy crisis of Bangladesh is now worse than ever. The already established factories in the country are suffering from production loss due to heavy load shedding. This situation is repelling new investors from establishing industries in Bangladesh. The new power plants set up by the current government are all oil run. This is also a major problem for foreign investors as the price of oil is continuously increasing in the international market. The price hike of oil is causing the production cost to go up. The prospect of a low profit ...

Bangladesh has always offered attractive incentives to the potential investors. Profitable export items also play an important role behind the success of the country’s economy. Initially, the export items of Bangladesh were limited to few items, but recently have expanded to larger number. Tea and jute were the key export items of the country. In recent years, Bangladesh has expanded herself to a wide variety of items, such as ready-made garments, leather products and others. She has also improved herself in the agriculture sector and other non-traditional items. The population of Bangladesh is around 112 billion and the annual per capita income is approximately US $386.00. Therefore, the textile industry has become a basic need of the country. Bangladesh is well-known in the field of ready-made garments. Initially, the income from the ready-made garment sector was US $7,00 million during the year 1981-82; afterwards, it jumped to US $1,949 million during the year 1995-96. The produ...