...CULTURAL DIVERSIFICATION JAPANJapan officially the State of Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south. The characters that make up Japan's name mean "sun-origin" which is why Japan is sometimes referred to as the "Land of the Rising Sun". | BANGLADESHBangladesh officially the People's Republic of Bangladesh is a country in South Asia, located on the fertile Bengal delta. It is bordered by the Republic of India to its north, west and east, by the Union of Myanmar (Burma) to its south-east and by the Bay of Bengal to its south. It is separated from the Democratic Republic of Nepal and the Kingdom of Bhutan by the narrow Indian Siliguri Corridor. Together with the neighboring Indian state of West Bengal, it makes up the ethno-linguistic region of Bengal. The name Bangladesh means "Country of Bengal" in the official Bengali language. | * POLITICAL FACTORS JAPAN | FORM OF GOVERNMENT | Japan has a constitutional monarchy as its current form of government. However the Emperor is only a ceremonial figurehead and his powers are very limited. He is defined by the constitution as "the symbol of the state and of the unity of the people". The Prime Minister holds the power with the elected members of the Diet (Japan’s parliament). Akihito is the current Emperor of Japan....
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...Green Banking Initiative: Opportunities for Bangladesh Dr. S M Ahsan Habib Professor and Director (Training & Research), BIBM The paper was presented at a seminar on Green Banking at BIBM on October 14, 2010 Green Banking Initiative: Opportunities for Bangladesh I. Introduction Banks that were once seen only as profit motive institutions have been adjusting to a more demanding market and to a more conscious society over last two decades. An increasing number of banks around the world are going green by providing innovative green products that cover financial services to support the activities that are not hazardous to environment and help conserve environment. A green bank is also called an ethical bank, a socially responsible bank, or a sustainable bank. The exact meaning of all these titles may not be same however they cover a lot of common activities and perceptions. At least, all these banks- in various ways and at different times- have engaged themselves in making a better future (Merzio 2007). The approach to green banking (GB) varies from bank to bank, however, broad objectives of green banks are to use their resources with responsibility avoiding waste and giving priority to environment and society. The public concern of the state of environment has been growing significantly in the last few years, mostly due to apparently unusual weather patterns, rising greenhouse gases, declining...
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...Scientifically, everyone knows that the world is sphere, however the world can still be considered as flat because of the blessings of Information Technology. In the last fifty years or so, the world has been moving so fast technologically that an enormous demand for IT has developed globally. In light of the outsourcing phenomenon, Bangladesh should leapfrog into the ICT Sector. Bangladesh has some competitive advantages over other outsourcing options (China and India) in terms of its potential population in the ICT sector. Unfortunately in Bangladesh, there are technology challenges caused by the country’s infrastructure problems. Some of these problems include poor telecommunication facilities, few software development firms in country (to help develop local talent and expertise), and lack of eGovernance policies. One positive is that the country is now linked with the submarine cable, which will help facilitate better internet and telecommunications connections and help enable further technical development. There are many opportunities for ICT professionals in Bangladesh to prosper through outsourcing, similar to the India. Every year, Bangladesh is producing approximately 4,200 ICT graduates from both private and public universities. In a previous post, we had discussed the imbalance between the current international job market and...
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...Export Control in Bangladesh 1. Introduction: Bangladesh emerged as an independent country in 1971. She entered into International Trade actively since 1972. In the early years of independence the gap between Import and Export was very wide. This gap started to decrease from 1980s when Bangladesh adopted liberal trade policy consistent with the emerging trend of the market economy. Extensive reform programs have been implemented in trade regimes during the last two decades. The prime objective of the trade policy of Bangladesh is to strengthen the economy. For achieving this objective Bangladesh has adopted export-based development strategy. As export sector is the main sources of hard-earned foreign currency of Bangladesh, Government has taken all the initiatives for overall development of the sector. 2. Export Policy: For export promotion and development Bangladesh has been pursuing periodic Export Policy from 1980. In the first half of 80s she pursued one- year export policies in the first half of 80s and two-year policies in the last half of the same decades. Since then five- year export policies were formulated and implemented. After the expiry of the tenure of five-year policy government announced three –year Export Policy. On going Export Policy is for the period 2003-2009. These policies are consistent with the agreement under Uruguay Round Accord, WTO and the principles of market economy. These are also maintaining favorable balance between exports and imports of the...
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...FUTURE OF FLAT STEEL INDUSTRIES OF BANGLADESH – A RESEARCH REPORT OF STANDARD CHARTERED BANK” By Mohammed Mashud Ur Rahman ID: 0811084 An Internship Report Presented in Partial Fulfillment Of the Requirements for the Degree Bachelor of Business Administration INDEPENDENT UNIVERSITY, BANGLADESH May 2012 Letter of Transmittal May 29, 2012 Ms. Momtaj Khanam Senior Lecturer School of Business Independent University Bangladesh Dhaka Subject: Submission of Internship Report. Maam, This is a great pleasure for me to submit the Internship Report after successfully completion of all the courses of BBA program in your university. I have undertaken my internship program in Standard Chartered Bank Bangladesh (Main Branch, Chittagong) from February 20, 2012. While preparing the report on “Advance Research on the future of Flat Steel Industries of Bangladesh – A research report of Standard Chartered Bank” I have tried to gather as much information as possible. I was appointed under Commodity Traders and Agriculture (CTA) Department of Standard Chartered Bank, and it was a worthwhile experience for me working there. I believe that the internship program has enriched both my knowledge and practical expectance which has helped me in developing this report for you. Thanking you, Yours sincerely, Mohammed Mashud ur Rahman ID: 0811084 BBA Independent University Bangladesh PREFACE I appreciate that Independent University Bangladesh has this internship program in BBA...
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...Competition Scenario in Bangladesh (Draft) Prepared for CUTS-International Prepared By Bangladesh Enterprise Institute July 2005 B A N G L A D E S H E N T E R P R I S E I N S T I T U T E [ Table of Contents CHAPTER I INTRODUCTION ………………………. 1 I.1. Geographical Location ………………………. 2 I.2. Structure of GDP ………………………. 3 I.3. Economic policies ………………………. 4 A. Trade policy ………………………. 5 B. Industrial Policy ………………………. 6 C. Foreign Direct Investment Regime ………………………. 7 D. Privatization Policy ………………………. 8 E. Government Procurement Policy ………………………. 9 F. Labour Policy ………………………. 10 G. Competition Policy ………………………. 11 CHAPTER II NATURE OF MARKET/COMPETITION ………………………. 12 II.1 Agriculture ………………………. 13 II.2. Manufacturing ………………………. 14 II.2.1 Pharmaceutical Sector ………………………. 15 II.2.2 Toiletries Sector ………………………. 16 II.2.3 Tobacco Sector ………………………. 17 II.3 Financial Services ………………………. 18 II.4 Power ………………………. 19 II.5 Telecommunications ………………………. 20 II.6 Transportation ………………………. 21 II.7 Health Services ………………………. 22 CHAPTER III SECTORAL POLICIES ………………………. 23 III.1 Financial Services ………………………. 24 III.2 Power ………………………. 25 III.3 Telecommunications ………………………. 26 III.4 Transportation...
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...Globalization has brought in many changes in the business scenario with the whole world inching towards a big market place. Communication between buyers and sellers become critical as each can opt to explore a greater number of alternatives than before. E-commerce through the use of internet, e-mails, websites and other facilities enables a businessman to be linked with every corner of the world and thus opens up greater opportunities in the world market. As a signatory of WTO practices Bangladesh has accepted The Code of Good Practices of WTO agreement on Technical Barriers to Trade. E-commerce facilitates the very process of International transactions; this involves securing and finalizing a contract, delivery of a product and finally payment for the performance of the product. The movement of goods and services and payment mechanism within a country and outside of a country is governed by regulatory and legal issues. Though Bangladesh Govt. has a strategic vision and policy framework to boost up e-commerce, a lot of factors are also hindering the way of doing E-commerce. Definition of E-Commerce: E-Commerce refers to the process of buying or selling products or service over an electronic network. The most popular medium in which e-commerce is conducted is the internet. It combines a range of process such as: • Electronic Data Interchange (EDI). • Electronic mail (E-mail). • World Wide Web (WWW). • Internet Applications. • Network Applications. ...
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...A REPORT ON DEPOSITORY INSTITUTIONS: COMMERCIAL BANKING INDUSTRY OF BANGLADESH Date of submission: 24th August 2015 Submitted to Farzana Lalarukh Associate Professor Department of Finance University of Dhaka Submitted by SL Name BBA ID Remarks 1 Sifat sadia 17-003 2 Barna Paul 17-047 3 Maghla Hossain 17-061 4 Saima Sultana 17-069 5 Nawsina Arif 17-085 Department of Finance University of Dhaka Date of Submission: 24th August, 2015 Department of Finance University of Dhaka Letter of Transmittal August 24, 2015 Farzana Lalarukh Associate Professor Department of Finance University of Dhaka Subject: Submission of Report on depository institutions: banking industry of Bangladesh. Dear Madam, It gives us enormous pleasure to submit the report on Depository institutions of Bangladesh as per the Advisor’s instruction. We expect this report to be informative as well as comprehensive as per requirement. Working with such a topic was an inspiring experience for us. We believe that the knowledge and the experience we gathered will facilitate us a lot in our future career life. With our limited knowledge, we have tried our level best to prepare the report worthwhile. Your acceptance and appreciation would surely inspire us. For any further explanations about the report, we will be gladly available to clarify the ins and outs. Sincerely, Sifat Sadia Roll no. 17-003 On behalf of Group...
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...n bChapter 1: Introductory Parts 1.1 Introduction Insurance is essentially a collective endeavor under which a large number of individuals agree to share the loss which a few of them would incur in future. This means insurance protects those unfortunates who suffer heavy financial impact of anticipated misfortunes by distributing the loss among many who are exposed to the risk of similar misfortunes. The process insurance has been evolved to safeguard the interests of people from uncertainty by providing certainty of payment at a given contingency. The insurance principle comes to be more and more used and useful in modern affairs. Not only does it serve the loss/damage of any losses it also provide financial benefits to the individual for death or at the end of a time period. 1.2 Background of the study This report has been prepared as requirement of the Insurance and Risk Management course. The study of the report was based upon the overall insurance company’s problem and prospects in Bangladesh. We, THE WHIZKIDS group, were duly approved by our course teacher Kazi Raihan Uddin sir. This study will help us to identify the insurance business problem and prospects. 1.3Literature Review Uninsured risk leaves poor households vulnerable to serious or even catastrophic losses from negative shocks. It also forces them to undertake costly strategies to manage their incomes and assets in the face of risk, lowering mean incomes earned. Welfare costs due to shocks and foregone...
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...Introduction The world is a cold place these days for businesses seeking profitable international growth. In a few industries, firms have to be global if they are to achieve leadership. Implementing a global expansion strategy is crucial to the growth of a business from small start-up to international brand name. Companies such as McDonald's, Home Depot, Starbucks and more have made their presence known around the world over the past few decades. However, each global expansion presents its own set of obstacles which the parent company must tackle, in order to be successful in their global expansion. In a borderless world, companies need to compete on a global level in order to succeed. In today's world of financial uncertainty, it is important for businesses to have a clear idea of what stability involves for their company. One concept that more and more businesses are exploring is one of taking their business to a global level. Using an international strategy is not for every company, but with the availability of the Internet it is becoming easier to take your business to that next level. Global expansion may enable a firm to earn greater returns by transferring the product offerings derived from its core competencies to markets where indigenous competitors lack those product offerings and competencies. One of the global expansion strategies is merger and acquisition. Five waves of mergers and acquisitions took place in the 20th century, with the last two occurring...
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...Concept of Free Market Economy with focus to Indian Economy and options for Bangladesh 1 1.0 INTRODUCTION Free market economy has become the only economic system dominating the world after the collapse of socialism in Soviet Union and other East European countries. Today, the application of market mechanism is widespread all over the world. The free flow of capital and goods throughout the world has made the world like a single village. Success of countries practicing free market is only evident with the growth of the USA, the Scandinavian countries, Germany and France as major world powers. Countries such as India and China, by allowing liberalization of its trade to some extent and practicing free market principles brought about more efficiency among its domestic producers and increased its growth rate markedly. Free market existing with the doctrines of Socialism like limited regulation of prices by the government to protect the poor can be an ideal situation for developing countries like India, China and South East Asian countries to attain growth and prosperity. 2.0 FREE MARKET ECONOMY The term free market economy primarily means a system where the buyers and sellers are solely responsible for the choices they make. In a way, free market gives the absolute power to prices to determine the allocation and distribution of goods and services. These prices, in turn, are fixed by the forces of supply and demand of a respective commodity. In cases of demand falling short...
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...Japan, released in UK in 2009. It has seen an upwards push in the business ever since its been in the market and of course has a slow but sustainable increase as a car wax brand. It has been labeled “Very Good” by its users. It is Japanese brand but addresses to the needs of the UK and European market. Their primary distributor is “Nubawax Car Care” who works very closely with the manufacturing associates of “NaviWax”. The company has a very precise objective and that is to make profit while becoming a league leader. They have this very straight forward policy of affiliating themselves with the Japanese cars to ensure increasing demand. They promote themselves using the tagline, “Japanese wax for Japanese cars.” They have associated themselves with the goodwill and image of Japanese product as a quality leader. They offer their product in many ranges and for many varieties of auto-mobiles. “NaviWax” is manufactured in Japan and is arguably the easiest applied and best finish wax in its class. “NaviWax” can be applied and polished up in seconds to produce a stunning, long lasting, deep shine that will bring your paintwork to life and protect it from the elements. They offer 280 gram tin which contains enough for approx. 20 applications and can be applied to paintwork, plastic trim, glass, mirrors, motorcycle visors etc. Unlike other waxes, “NaviWax” doesn't leave any chalky residue or swirl marks. We are inclined towards bringing the product in Bangladesh through licensing. Considering...
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...An overview of Bangladesh Capital Market: Fraudulent Practice An overview of Bangladesh Capital Market: Fraudulent Practice Prepared for Barrister M. Zillur Rahman Lecturer, Legal Environment of Business Institute of Business Administration (IBA) University of Dhaka Prepared by Ashraful Islam Dipankar Ghosh Roll: 18 Roll: 36 MBA 45E INSTITUTE OF BUSINESS ADMINISTRATION University of Dhaka Date: January 07, 2012 i An overview of Bangladesh Capital Market: Fraudulent Practice January 07, 2012 Barrister M. Zillur Rahman Lecturer Institute of Business Administration University of Dhaka Dear Sir: Subject: Submission of the term paper “An overview of Bangladesh Capital Market: Fraudulent Practice.” We are pleased to present you our term paper “An overview of Bangladesh Capital Market: Fraudulent Practice.” We have extensively enjoyed working on this topic. It has been a very interesting and informative experience for us. While working on this report we have learnt about capital market in Bangladesh. Due to the fraudulence practice in Bangladesh capital market several people has suffered a great loss. We believe this through study on the capital market of Bangladesh will help us immensely in our future life when we will involved more with our capital market. We hope our effort will meet the level of your expectations. Your guidelines and advice have been very effective and helped us a lot to complete our report. In case of any further query, please feel...
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...They are responsible for transferring funds from investors to companies in need of those funds. • Financial institutions facilitate the flow of money through the economy. To do so, savings a risk brought to provide funds for loans. Such is the primary means for depository institutions to develop revenue. Should the yield curve become inverse, firms in this arena will offer additional fee-generating services including securities underwriting, and pre. Regulation Structures of Financial Institutions: Financial institutions in most countries operate in a heavily regulated environment as they are critical parts of countries' economies. Regulation structures differ in each country, but typically involve prudential regulation as well as consumer protection and market stability. Some countries have one consolidated agency that regulates all financial institutions while other have separate agencies for different types of institutions such as banks, insurance companies and brokers....
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...Background Precarious topography, political turmoil, and a struggling global economy are tough conditions for any state and do not let alone a young democracy of 160 million citizens, Bangladesh. Despite these problems, Bangladesh’s sustained economic growth becomes all the more impressive. Over the past five years, Bangladesh has enjoyed an average real GDP growth of six percent. It is mostly because of the labor-intensive industries; in particular textiles and garments have fueled growth as Bangladesh’s tremendous reserves of cheap, considerably-skilled labor have attracted foreign investment. Bangladesh is now actually a very important hub of the world’s textiles market. However, 2011 was a tough year for the textile industry of Bangladesh as the cotton price played a rapid changing game throughout the year. But good news as the cotton and yarn price has became quite stable at the end of 2011 and the textile industries are coming round from their ill conditions during that period. The Garments export is also showing good growth although it was lying below the target in the last six month’s expectation from EPB due to the sign of economic recession in the major exporting regions of the country. Hence it is important to move smartly and be ready to avoid any upcoming turmoil. Bangladesh is now the second biggest exporter of readymade garments in the world. The textiles industry is contributing around 12% of the national GDP. Around 40% value addition of manufacturing sector...
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