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Showing posts from September, 2012

Salman F Rahman and BEXIMCO – “Taking Bangladesh to the World”

From its founding in the 1970’s by two brothers with uncommon foresight and vision, Ahmed Sohail Fasiur Rahman and Ahmed Salman Fazlur Rahman, the BEXIMCO group has grown from being focused solely upon commodities trading to the largest private sector group in Bangladesh.  From real estate development to energy to aviation to textiles, the group has certainly touched lives.  With a diversified group of industries accounting for almost three quarters of Bangladesh’s gross domestic product (GDP), “Taking Bangladesh to the world” seems a more-than-fitting motto for thegroup.  In today’s climate of global business, it is not enough to be satisfied with success solely on the domestic level.  BEXIMCO is certainly not.  Even as Bangladesh’s biggest private sector employer, the group employs over 48,000 people worldwide and continues to grow.  Under the guidance of its gifted management, BEXIMCO has its sights on the international market.  The management team...

International Ratings: Where does Bangladesh stand?

According to ‘Doing Business’: Doing business ranks Bangladesh as the 107th country out of 183 countries. According to them, Bangladesh ranks way above India and Indonesia. Goldman Sachs’s Next 11: It said that Bangladesh is one of the eleven uprising markets in 2005 and it shows that soon Bangladesh will be one of the largest economies in the world. JP Morgan’s Frontier Five: Bangladesh was named as one of the five most promising economies in the world. Bangladesh was ranked fourth among the five countries. The other countries are Vietnam, Nigeria, Kazakhstan and Kenya. Standard & Poor’s and Moody’s sovereign credit ratings: Bangladesh received BB- and Ba3 according to Standard & Poor’s. Moody’s rated Bangladesh as in level with Vietnam. ADB List of Asian Growth Drivers: The ADB list did not place Bangladesh as one of the eight countries of Asia which might cover the 95% of Asia’s growth within 2050.

World Bank, Global Partners Team up to Improve Bangladesh’s Health Sector

World Bank and all the other development partners of Bangladesh have joined forces to improve the healthcare system of the country. The Australian, Swedish, British and American government representatives had a meeting in Dhaka where they witnessed a Multi Donor Trust Fun Grant Agreement for the Bangladesh Health Sector Development Program. It will cost approximately USD 7 billion. 75% will be paid by the government and the rest will be paid by the partners.

Can Bangladesh benifit from the new treaty with Bhutan?

The discontinued forgotten transit between Bangladesh and Bhutan is reshaping itself. The plans are being carefully made by both the countries' officials. This deal is a big one for both the countries; the trade sector would be hugely affected. This is a projected not to be taken lightly at all, not only does the current of these two countries depend on it but also future plans of trading passes with other countries depends on the success of the current one. Details are reported at the Business Bangladesh site.

বিশ্বায়নের কতটুকু সুবিধা ভোগ করতে সক্ষম হল বাংলাদেশ?

আজকের পৃথিবী বিশ্বায়নের খুটির উপর ভর করে দাড়িয়ে আছে । উন্নত দেশ, উন্নয়নশীল দেশ, অনুন্নত দেশ এই বিশ্বায়নের সুতার মাধ্যমে একে অন্যের সাথে হাত মিলিয়ে আজ অবস্থান করছে । বিশ্বায়ন আমাদের যে সুযোগ-সুবিধা দেয় তা কি আমরা ঠিকমতো ব্যবহার করতে পেরেছি? খুব সম্ভবত না, কিন্তু সত্যি বলতে যতটুকু পেরেছি, তা আসলে অগ্রাহ্য করা যায় না । বাংলাদেশের সম্মানিত অর্থমন্ত্রী তার সম্মানিত কালে বাকী মন্ত্রীদের থেকে বেশি বুদ্ধিমত্তার পরিচয় দিয়েছেন। সেজন্য বাংলাদেশ বিশ্বায়নের এ যুগে তাল মিলিয়ে চলতে সমর্থ হয়েছে । Corporate Bangladesh এ এই বিষয়ে একটি লেখা হয়েছে। লেখকের ভাষায়ঃ " উন্নত যোগাযোগ প্রযুক্তি ও দ্রুততম যোগাযোগ ব্যবস্থার সাথে, বিশ্বায়ন কোটি কোটি মানুষের দুয়ারে পৌঁছে তাদের মুহূর্তের মধ্যে সবকিছু আদান-প্রদানের সামর্থ্য দিচ্ছে। এই বিস্ময় আমাদের সকল বাধাকে অতিক্রম করে সমগ্র বিশ্বে ছড়িয়ে পরেছে নতুন সম্পর্ক, সৌহার্দ ও সম্ভাবনার আলো নিয়ে ।  " লেখক বিস্তারিত গবেষণা করেছেন এই বিষয়ে । তার মতে, বাংলাদেশ এর পূর্ণ সদব্যবহার করতে পেরেছে, যার ফলে আমাদের যোগাযোগ ব্যবস্থা, খেলাধুলাসহ অন্যান্য ক্ষেত্রেও অনেক উন্নতি...

Violence in Myanmar: Bangladesh Immigrants Not Responsible

The National Commission for Minorities (NCM) has reported that the Bangladesh immigrants had nothing to do with the recent racial disputes and violence in Assam. The dispute was between the Bodos and local Muslims. The NCM Chairman Wajahat Habibullah states that he has made a full report of the violence and submitted it to the Prime Minister of India, Mr. Manmohan Singh. The report contains the full details of the incident including the reasons and possible solutions to prevent such incidents from ever happening again. He also stated that the Prime Minister confirmed receiving the report. The enquiry commission reported that the dispute was not between the Bangladesh immigrants and the Bodos; it was between the Muslims residents of BTAD and the Bodos. The clash occurred about 1 month ago in July. Four Bodo people were found dead. Assuming it was done by the minorities, armed Bodos attacked the local Muslim residents.

Sahara Parivar ordered to refund $4.4bn by Indian Supreme Court

Sahara Parivar, that won a contract from Bangladesh to carry out a mega land project in Dhaka, faced fines by Indian Supreme Court last week. The Supreme Court ruled that Saharas committed a number of economic offences over the past years. The court directed Sahara India Real Estate Corporation Ltd. and Sahara Housing Investment Corporation to give back about $4.4bn to 2.21 crore depositors through an optimally fully convertible debentures. Why would Bangladeshi people trust this group when they have committed offences with their own people - Indians.  The court also ordered Saharas to provide details with supporting documents whether it already refunded any of the cash to the people. The bench said in a statement that “We make it clear that if the documents produced by Saharas are not found genuine or acceptable … the SEBI (WTM) will proceed as if Saharas had not refunded any amount to the real and genuine subscribers who had invested money through the RHPs”. Justice Kh...