Bangladesh's Corporate World

The hectic surrounding of cattle hut is the biggest headache of people right before the Eid-ul-Adha which is coming to an end this year in Bangladesh for the establishment of online shopping.  Facebook pages and websites are recently covered up by photos of goats and cows, many of which are even offering free home delivery. The pictures contain caption of full details of individual animal. Akhoni.com is an online shopping site which is motivating buyers to shop right from their homes. They are announcing their cattle to be absolutely healthy and local on their official facebook page. They are also delivering them to anywhere in Dhaka absolutely free within 24 hrs! On the other hand, another popular online shopping site, Bikroy.com has also been sharing similar advertisements among people. They enlisted such ads under the “Pets and Animals” category.  Whereas the oldest shopping site, Ekhanei.com, enlisted such posts under “Farm Animal” category and contains ads of both loca...

Banking sector is currently one of the most promising growth sectors in Bangladesh. For quite some time, the banks have been participating as a noteworthy contributor in the economic escalation of Bangladesh as we know it through sustainable savings and strategic investments. Both state-run banks and private banks are contributing in the process. However, speculating the huge success of private sector compared to that of public banks or state owned banks and the loss that it is causing to majority tax payers, many experts opined that government should privatize the state owned banks and save the sinking boat of the tax-paying citizens. In the vast never-ending depth of corruption, the state-banks are merely hanging in the balance. Like every other government organization; the public banks are constantly being affected by the political exploitation, lack of transparency, negligence and inefficient security system. With bad debts expanding their roots there seems no sign of recovery o...

One of the biggest and famous chain supermarkets of Bangladesh, Meena Bazar is up to establish its online purchase of groceries as big as its fame with the rising trend of online shopping in the state. With the widely observed issue of urban people saving their time in every possible way, the idea of home delivery service has popped up where anyone can set order for their goods at www.meenabazar.com.bd and have them in their hands within 2-3 hours. It is quite a good relief for people living a frenzied lifestyle in this overly crowded and traffic packed city. Meena Bazar has been praised by those who took the home service for being very swift and punctual in delivery. For purchases over BDT 3,500, the service is absolutely free and only a fee of tk 100 for purchases below this amount. Payment can be done both during ordering online or while you receive them. This service prevails in Dhaka, Chittagong and Khulna and in 3 more cities where Gemcon Food & Agricultural Products Ltd ope...

Due to the presence of biased obligation benefits, there is a chance that Bangladesh might find difficulties to compete with Africa nations to export garments to the U.S. Export of various garments to the US produced in African nations is increasing gradually with the zero-duty benefit under AGOA. This has been increased by 9.66% and reached $926.8 million in 2013, as stated by the US Department of commerce. Bangladesh is considered to be the most important country to export attires worth $5 billion per year to US by the payment of 15.61% duty. Garments exporters here had to pay worth $828 million as a duty to the customs of US in 2013 and a total of $3.41 billion in the past five years. Compared to the first 5 months export business of 2013, garment export to US by Bangladesh has decreased by 1.12% to$2.18 billion in this year. It is assumed that our competition will get tougher if African nations proceed this way to export to the US. The unfair duty system and expensive production c...

When we think about good and big companies, we tend to think anything other than our national companies. However the truth is very contradictory to our assumptions. Many of Bangladeshi companies including Beximco Group, ACI, Concord Group, Navana Group, Pran Group have created big names for themselves in the past.   We sometimes forget their contributions for the nation. Many Bangladeshi companies are contributing in many business sectors such as poultry, agriculture, pharmaceuticals, aviation, automobiles, real-estate, clothing, media, textiles, garments etc. Companies like Beximco Group and Concord Group not only opened whole new sectors as pioneers for the country but also they opened up new job opportunity and research facilities. These places required more quantity of workers; that generally lead to more job specific courses in universities, resulting in general raise in literacy and also technicians of the country. Bashundhara Group alone has a worker amount of ...

Being a third world country, Bangladesh possessed an under developed banking sector based on client care and services for a long phase. Initially, most of the banks were government owned. Eventually, with the brewing rate of industrial growth and denationalization private investments began to flow in this sector. During the mid and late 1980s there was a surge in commercial bank establishment which were owned by a board of shareholders. Private sector started to grow. As number of rural banks multiplied in that 1980 decade and more and more commercial banks were joining the market, Bangladesh’s banking sector officially turned into an industry. Since then it has gone through some quite significant challenges. With one central bank and four state owned bank and eight Islamic banks and thirty one private commercial bank there were approximately forty four banks in Bangladesh in the 1990s. There were also nine foreign commercial banks and five specialized bank along with one land develop...

The DTH is here. Bangladeshi viewers can enjoy satellite television programmes through advanced ‘Direct to Home’ (DTH) technology very soon. Beximco Group, a leading Bangladeshi corporate company, announced that it will bring the service in Bangladesh with a joint venture with Russian GS Group. It has already set up a sister company - Beximco Communications Limited, to offer this cutting-edge technology. The DTH technology allows a broadcasting company to directly beam the satellite signal to a TV set through a receiver, installed in the subscriber’s home. For DTH connection, the broadcasting company provides a set that includes a dish and a receiving set. No cable connection is required. Beximco Group plans to launch the DTH platform at the end of 2014. It aims to reach 300,000 subscribers by the end of 2015. Vice Chairman of Beximco Group, Salman F Rahman, recently said in a press conference, “At present, Bangladesh does not have any legal DTH operator. The viewers can only choose b...