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Showing posts from July, 2012

The 20 year old question again: Is Bangladesh’s Defence Expenditure Justified?

The defence segment has always been among highest expenditure sectors of Bangladeshi budget. Like every year, the issue on defence will not go through a debate this time. The MPs always keep the defence expenditure under a shield of secrecy; the situation is indifferent in this year. However, for the first time, finance minister Abdul Muhit has presented a list of military hardware in the budget declaration that the government plans to buy during the next fiscal year. But no more details are available. But as government spends a huge portion of the taxpayers money on defence, may be this issue should be made more public. No one denies the necessity of strong armed forces. But no one is really sure how big a military does our country actually need. May be this issue should go through a debate whether the government should cut down on the defence expenditures, especially in our county where a huge portion of the people live under the poverty line. Our military forces train thei...

Link between social responsibility and entrepreneurship

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...

Link between social responsibility and entrepreneurship

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 t...

Top company in Bangladesh: Square Group

Looks ahead to the Future Square Group, the most innovative company in Bangladesh pioneered exports of medicine from the country back in 1987. They have also been active in exporting other pharmaceuticals and this is one of the main reasons for their success and their increased credibility as a company. The founding chairman of this highly innovative company was Samson H. Chowdhury who died in 2012. Mr. Samson H. Chowdhury was able to put together Square with three of his friends. It was then appropriately named Square, because it was started by four friends. Executive management of the company is led by the managing director. The executive manager has a diversified role in that they plan the segment plans for each division within Square. Square realizes that they owe a certain portion of their success to their shareholders. They protect their capital, and this ensures the highest growth for assets and it increases their potential for future success. Square’s emplo...

Communication update: Ranks Tel is back

Ranks Tel, a non govt. land phone operator, founded back in 2005 with CDMA technology; has recently re-instigated their operations after a long period, of two years gap. Initially the network covered Dhaka and Chittagong regions, but plans to spread its network to Sylhet, Bogra and Khulna. In order to promote the re-launch, the operator also offered various interesting packages, such as Kotha, Nukhut and Astha. The operator had a total of approximately three lakh customers, when it was shut down in 2010; out of which a total of 20,000 loyal old customers already registered for the new service and, more are under process. The company was shut down due to license cancelling for allegedly unauthorized voice over internet protocol, VoIP, by the Bangladesh Telecommunication regulatory Commission, BTRC. Shortly before which the operator had also launched mobile phone services although with limited mobility. Ranks Tel has invested more than 400 crore taka in this business in our co...

Did Bangabandhu mean to say only three lakhs died in 1971?

We came across this rather lousy letter sent last year to The Guardian by Serajur Rahman, a retired deputy head, BBC Bengali Service. He claims that Bangabandhu Sheikh Mujibur Rahman mistranslated "lakh" as "million" or was confused in saying that three million people died in the war in 1971.  Mr. Serajur Rahman claims that "when I explained to him that Bangladesh had been liberated and he was elected president in his absence. Apparently he arrived in London under the impression that East Pakistanis had been granted the full regional autonomy for which he had been campaigning. During the day I and others gave him the full picture of the war. I explained that no accurate figure of the casualties was available but our estimate, based on information from various sources, was that up to "three lakh" (300,000) died in the conflict." According to Serajur Rahman, when Sheikh Mujibur met David Frost later that day, he announced, ...

Smart moves by the Bangladesh Bank to avoid economic catastrophe

The youth community is one of the most important genres of any society and youth employment is absolutely necessary for the socio-economic development of any nation. Recently, it has been noticed in the western countries that they are facing an economic crisis due to unproductive youth community. That is why Bangladesh has marked youth development as one of the most important aspects. Whether it is a First World or a Third World country, the respective governments are trying to create more and more job opportunities to increase the national productivity. Whether it is a big corporate, investing their money or a small industry, creating self employment opportunities, the government is doing everything within its capacity to encourage them to be more active towards creating more job sectors. It has been marked recently that the Bangladeshi entrepreneurs has been lacking motivation to create root level jobs. The Bangladesh bank has taken initiative to vanish the demoralizing situa...