Bangladesh's Corporate World

Doing business in Bangladesh Featured question of the month is - what does it need to launch an import-export business in Bangladesh? A bonus question to add with it is - how much time does it take to solve insolvency problems? Here is the hint, if not the whole answer: According to this website on 'Business Scenario of Bangladesh', six official documents are needed to start  an import-export business. How much required? $965. But the website did not mention how much bribe it requires. Answer to the other question is interesting. It takes over two years on solving insolvency problems. This time frame is not that long compared to Pakistan, Nepal, Sri Lanka and other developing countries. This website also gave details on leading and top businessmen of Bangladesh . The names included are Jahurul Islam of Islam Group, Samson H Chowdhury of Square Group, Abul Matlub Ahamed of Nitol-Niloy Group, Salman F Rahman of Beximco Group and Latifur Rahman of Transcom Group.

The government of Bangladesh has banned exporting of fundamental food - rice, soya bean oil, sugar and palm oil for three years. It also took decision to enhance pharmaceutical export. The amount to be used for this purpose is approximately sixty thousand dollar, which is twice of the previous limit that expired in June 2012. Due to this new policy, the sampling amount of the letter of credit has increased from 5% to 10% per year. An official from the ministry of commerce confirmed that this decision has been made after expert consultation of the corporate houses of the country and apex trade body - the Federation of Bangladesh Chambers of Commerce and Industry and all the other necessary chambers and associations. The new policy includes some prerequisite conditions that need to be fulfilled by industries in order for them to gain access to utility services. Products such as petroleum, that fall under the energy and mineral resource category, however, are exempted from this, since...

A bunch of people without a leader is just a mob! It takes a leader to direct a group toward a common purpose to form an effective team or business. This may seem like common sense, but it is often ignored by those in charge of businesses. It is certainly worth taking a look at the qualities that are most common to effective business leaders.   Communication  These days, discussions of the importance of communication seem to pop up everywhere from marriage counselors to reality television programs. However, there is no place in which the importance of communication is more obvious than in businesses generally and in business leaders specifically.  Business leaders, specially the ones doing business in Bangladesh, must actively engage in communication in every facet of the business. Since it is not possible to be everywhere at every minute to see everything, keeping the lines of communication open is the only way in which a leader can be aware of all the fa...

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...