Bangladesh's Corporate World

There is a common misconception that one person can be successful in one particular side of life:  personal, professional or recreational. But the truth is, if you have enough dedication and passion for what you do, you will always end up at the peak of success. If we look at the life stories of successful people, we will see that they all had a never-say-die attitude and a tremendous hunger for success. This article will guide you through brief life histories of people who never gave up and ended up having everything they wanted. Henry Ford The founder of Ford Motor Company had to go through a rough road to make his mark in the world. His first initiation to build a car had to stop within two years as the shareholders issued a no-confidence against him. He tried again but once again the same thing happened within a year. But he did not give up. He found another investor and started Ford Motor Company and today everyone knows his name. Walt Disney Many people do not know t...

Paradise Cables Limited is one of the top and reputed cable companies in Bangladesh. This company has made its mark in the worldwide cables industry through sheer hard work, honesty and quality. In the last two decades of PCL’s glorious history it has always received nothing but compliments from its consumers and other buyers. Paradise Cables Limited was founded by Md Mobarak Hossain, Md. Mosharraf Hossain, Md Majibar Rahman and Md. Moniar Rahman in 1989. Ever since its birth Paradise Cables Limited never had to look back. From the starting point of manufacturing quality copper and aluminum rods it moved on to first manufacturing cables for the domestic market and later on the global market. In a growing country like Bangladesh the cable demand is very high. But no one has ever heard of scarcity of cables or rods in this country mainly because of the high production capacity of PCL. For PCL it not just about meeting the amount of products demanded by the consumers; it is also prov...

Bangladesh, as a nation, is heavily reliant on its garments industry. Over the past two decades, the garments industry has become a major foreign currency earning source. It is presently a $20 billion industry and a source of employment for approximately 3.2 million workers. Undeniably, the garments industry proved its worth and credibility . Buyers from across the world, mainly from the developed countries, chose Bangladesh for several reasons; the main being availability of cheap labor. Among others includes the fact that Bangladesh is a place where there are no strict rules to follow or that the rules are not enforced properly. However, the recent incidents including the building collapse in Saver damaged the industry’s image like a hurricane and are anticipated to have a long term impact. There are reports suggesting that many major garments buyers including GAP, Wal-Mart and Primark are considering reevaluating their contracts with the Bangladeshi garments manufacturers,...

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...

Bangladesh would face a slower economic growth during the current fiscal predicts the World Bank. However, it said that Bangladesh would enter the middle-income country group by 2021 if its employment rate increases by 2 percent per year. Over the past five years, the average growth rate of Bangladesh was 6.1 percent. This growth has particularly been as a result of the population growth, increase in productivity and enlargement of labour force participation in foreign lands and growth of local businesses. Though employment increased over the past couple of years, the employment rate remained stagnant for the country. The government's initial economic growth target was 7.2 percent for 2013-14 fiscal year, which has became unachievable due to the recent unrest that disrupted most of the services. The World Bank predicts, coupled with the unrest, the weak manufacturing exports, lack of growth in the agricultural sector and the increasing domestic consumption and investment dem...

In today’s competitive corporate world, people are engaging themselves in a lot of work. At times, they find too little time to complete all of these tasks. Eventually work gets piled u p and becomes a huge burden. After a long and hard working day, when people realize that they have to wake up the next day to face more work, it affects their minds. It affects their concentration and causes problems in personal and professional life. That is why time management is a vital. No matter how talented you are, you cannot achieve success in the corporate world unless you learn how to manage your time. It depends on your daily schedule on how you are going to manage your time. At present, it might seem a difficult task and you might think, “I do not get a single second of rest in my entire day. How am I going to manage my time?” Trust me, it is not as difficult as it seems. In this article, you will find some guidelines on how to manage your schedule. If you ever find yourself in a situatio...

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.