Bangladesh's Corporate World

Salman F Rahman, the vice chairman of Beximco Group and chairman of IFIC bank, said that pharmaceutical exports of Bangladesh are about to take off. He predicted this during an interview with NIKKEI Asian Review.  He also said that stock market of the country is not a mature one and lacks institutional investors. The interview was published in March 2015 where he discussed many points with the correspondent of NIKKEI Asian Review. Salman F Rahman, a leading businessman of Bangladesh, talked about some core issues quite bluntly. In answering one question from NIKKEI Asian Review journalist Joseph Allchin, Salman F Rahman said the state owned banks were the backbone of the economy. He explained that in the early years of liberated Bangladesh, there were no private banks. Even when private banks started their operations, they were not big enough to provide support to the growing business sector. They did not have the capital adequacy to lend. It was the state owned banks those pr...

A Japanese leading company all over the world, Kobelco Welding which is a group company of Kobe Steel Limited situated in Japan has recently declared that they are going to enter in Bangladesh for business keeping an eye on the development of shipbuilding industry in Bangladesh recently. That is why welding equipments is started to be set in the Western Marine Shipyard which is known to be country’s leading shipbuilders. This is done through the dealers of local area TSI Marine Ltd. Bangladesh welding companies are mostly prevailed by the manual machineries that are a cause of lagging behind. But nowadays as the industries are advancing, the need of automated equipments is rising. So it can be said that the situations will change. The company looking forward to setting up a business in our country is about a hundred years old and very popular. It is remarked as Japans fifth largest and fifteenth largest steelmaking company in the world. The company has 36,000 people working for ...

“Match made in heaven!” the company owner exclaimed with pride after achieving a huge success in the big project thanks to his outstanding management team. Certainly, everyone aspires of a successful, harmonized and efficient team. Being the key ingredient of victory, an accomplished squad can make a huge difference in the fight for triumph. With a coordinated set of members, the race becomes easier and less stressful so, building a good posse is the initial step towards triumph captivation. A good team First of all, it is important to clarify as to what a good team actually means. A group of people who come together to work on the same agenda and through regular communication fruitfully approach the desired goal defines a good team. What makes a good team -  a great one 1.  Fulfill the role requirement :    A team needs presence of certain roles .Though I could have given a random list, but it is better to see what the researchers think . Accordi...

Beximco Pharma, a leading drug maker in Bangladesh and a unit of business conglomerate Beximco Group, secured a $51.6 billion loan from Germany-based BHF-Bangk Aktiengesellshaft. A German export credit agency Euler Hermes will be the guarantor of the loan. Earlier, Bangladesh Investment Board approved Beximco Pharma’s proposal to raise funds to utilize in new plant as well as machinery purchasing. The interest rate of that loan will be lower than that of local rate. It is only 2.25 percent. According to Beximco Pharma, the loan will be drawn down in four tranches and repayment will be made over five years in 10 semi-annual installments. The total interest bearing debt of the company was Tk.480 crore and debt-to equity ratio was 23.5 percent as of September 30 th in 2014. The cost of debt was 16.1 percent on average while debt-to-equity averaged 22.7 percent in the previous four years. That is why analysts think that this loan at a single digit rate will have immense impact...

BASIC Bank has taken an action plan to meet its capital short fall and cover up its negative image. A part of that action plan is that a certain portion of salary will be cut off from the BASIC Bank’s top managers. The BASIC Bank’s goal is to bring back its positive image by 2016. A letter of BASIC Bank to its financial manager reflects such goal and idea. BASIC Bank has faced capital short fall in the month of June of Tk 1,675 crore. It destroyed the image of the bank. The specialized bank in the action plan said that many international banks are not accepting its letters of credits because of these points. In implementing the action plan, the BASIC Bank sought Tk 1,372 crore on an emergency basis from the government. It is necessary to meet up the capital short fall. The top managers of the BASIC Bank have already been forfeited a portion of monthly gross salary. The purpose behind it is to minimize the operating costs. For the first time in the country, six deputy managing director...

Playing a vital part in advertizing, the right media can transform a regular commercial to a block buster advertisement. Where the appropriate media can convey the correct message to the spectators successfully, there the erroneous one can send all the wrong signals and turn the whole mission go in vein .Consequentially, all the efforts will bite the dust. In the current era of technology and immense competition it is quite hard to survive in the prolonged race of capitalistic without innovation and out of the box reflexes. This is so because, observation of the consumer behavior has revealed that, different is the new common in! Assuming the core idea is doing justice to the product and the overall model, apparently modernism is grabbing attention of the customers these days.   Alas! Most of the marketing strategy makers underestimate the significance of choosing the right media or the importance of the knowledge of strategizing. And very often, they stumble on the tho...

“Corporate culture! What is that?” There are many people who ask this question in spite of working several years in the corporate world. In spite of being crucially important, this motion is many a times left in ignorance and indifference. If you close your eyes doesn’t mean everyone else doesn’t see you. What I mean to state is, unawareness does not make corporate culture less important, and thus every corporate member must be aware of the concept of corporate culture and ways to make it healthier. Initiating the discussion, first let us understand what corporate culture is and go to its depth. The part of business involving employee attitudes, standards, policies and procedures, rites and rituals can be assumed as corporate culture. Although it is connected to the surrounding environment yet it has some unique traits as well. It can be negative, positive or even neutral. In most cases it is dynamic and changes with time but it can also be static sometimes. In a nutshell c...