...Make capital market barometer of industrialisation: DCCI Dhaka Chamber of Commerce and Industry (DCCI) Tuesday said the country witnessed a massive industrialization process but the present crisis in the capital market is hindering the growth of industrialization, reports BSS. “The capital market should be established keeping consistence with industrialization and productivity so the capital market is considered as a barometer of industrialization,” DCCI president Asif Ibrahim told a Meet The Press in the DCCI conference room in the city. Reading out a written statement on ‘Activities of DCCI for Development of Trade and Commerce’, Ibrahim said the capital market could not have been unstable if the supply of shares was increased with the increase in investors last year. DCCI Senior Vice-president TIM Nurul Kabir and directors Niaz Rahim, Engineer Mosharraf, Anwarul Hakim, Osman Gani and Khairul Majid Mahmud were present, among others, on the occasion. Ibrahim sought *support from regulators in the capital market to keep small investors unhurt in the greater interest of the country’s economy. He informed that the trade body has formed a strategy committee comprising representatives of the government and private sector to implement the recommendations made in the conference titled ‘Bangladesh 2030: Strategy for Growth’ on Dec 7 last year. The DCCI had identified a number of growth diverse including 14 billion US dollar Readymade Garment (RMG) industry, 10 billion US dollar...
Words: 375 - Pages: 2
...Relationship between interest groups and government: Bangladesh perspective in the light of FBCCI, BGMEA and DCCI Introduction Interest group, also called special interest group or pressure group, any association of individuals or organizations, usually formally organized, that, on the basis of one or more shared concerns, attempts to influence public policy in its favor. All interest groups share a desire to affect government policy to benefit themselves or their causes. Their goal could be a policy that exclusively benefits group members or one segment of society (e.g., government subsidies for farmers) or a policy that advances a broader public purpose (e.g., improving air quality). They attempt to achieve their goals by lobbying—that is, by attempting to bring pressure to bear on policy makers to gain policy outcomes in their favor. Interest groups are a natural outgrowth of the communities of interest that exist in all societies, from narrow groups such as the Japan Eraser Manufacturers Association to broad groups such as the American (AFL–CIO) and to even broader organizations such as the military. Politics and interests are inseparable. Interests are a prevalent, permanent, and essential aspect of all political systems—democratic, authoritarian, and totalitarian regimes alike. Definition According to Wikipedia, ‘The term interest group refers to virtually any voluntary association that seeks to publicly promote and create advantages for its cause. It applies...
Words: 2215 - Pages: 9
...Sample Survey on Status of Women Entrepreneurs In Bangladesh 1. Background of the Survey 1.1 Women in Bangladesh Bangladesh is a resource-limited and overpopulated country where society is highly stratified, services and opportunities are determined by gender, class and location. However, women make nearly half of the population (Table -1), which means huge potential to be utilised for socio -economic development of the country. Table -1 Population Status of Bangladesh Census From 1998 Total Male Female 1262000 64819000 61381000 00 Share at Total Population Share at Total (%) Population (%) 51.48% 49.52% 51.36% 48.64% Source: Statistical Pocketbook, Bangladesh ’99, Bangladesh Bureau of Statistics, Government of the People’s Republic of Bangladesh, Dhaka 1999, Page 85. Total 10631500 0 Sex and Age-based Structure of the Population (Table-2) shows that like the male population of the country, the women represent a vast resource for the country. They must be provided equal opportunity in education, employment and economic activities, only then this resource could be utilised properly. Table -2 Sex and Age-based Structure of the Population 1996 Age-base Group Total Population (%) Male Population (%) Female Population (%) 10-14 Years 12.6 12.52 11.58 15-19 Years 8.52 8.41 8.65 20-24 Years 8.40 7.60 9.25 25-29 Years 6.10 7.92 9.11 30-34 Years 4.25 6.10 6.10 35-39 Years 3.25 5.87 5.14 40-44 Years 2.89 4.40 4.09 Source: Statistical Pocketbook, Bangla desh ’99, Bangladesh Bureau of Statistics...
Words: 21270 - Pages: 86
...more money Taliban kill 44 in attack on Afghan court Saudi-funded UN cash to support Gaza families A day of shutdown causes a loss of Tk 1,600 crore to the country’s businesses of all segments — from exports to retail shops, a leading chamber said in a survey yesterday. The country faces, on average, 40 days of shutdown a year, which means the financial losses stand at Tk 64,000 crore or 6.5 percent of the country’s gross domestic product (GDP), Dhaka Chamber of Commerce and Industry said. The garment sector takes the hardest blow, counting a Tk 360 crore loss from a one-day shutdown. “The survey only covered the issues that directly impact the GDP. Other factors, such as physical or time losses, were not considered,” said A Sabur Khan, DCCI president. Khan shared the survey results at a press briefing on the “ongoing political crisis and...
Words: 947 - Pages: 4
...News-1 Wednesday, April 03, 2013 First NRB bank starts journey Star Business Report From left, Nazrul Islam Mazumder, president of Bangladesh Association of Banks; Atiur Rahman, governor of Bangladesh Bank; AMA Muhith, finance minister; Farasat Ali, chairman of NRB Commercial Bank; Nurul Amin, chairman of Association of Bankers Bangladesh; and Shahid Reza, a director of FBCCI, attend the launch of the country’s first NRB bank at Sonargaon Hotel in Dhaka yesterday. Photo:Star A new bank started its journey yesterday with an aim to attract more investment and remittances from non-resident Bangladeshis. Finance Minister AMA Muhith inaugurated the bank — NRB Commercial Bank Ltd — at a ceremony at Sonargaon Hotel in Dhaka. With its foray into the country’s banking system, the bank becomes the first one of its kind in the private sector and has been set up by 53 NRBs from eight countries. Muhith said he hopes the bank would not run after profits only, rather it would work for the development of the country and the economy. “So, sometimes it will have to invest in projects that might not bring higher returns.” Bangladesh Bank Governor Atiur Rahman said the bank got its licence through due diligence and on the basis of its strong financial foundation. He said the bank has only got licence to open its headquarters. The central bank will continue to weigh its capacity before giving it the final licence, Rahman added. The governor also said more new banks have become necessary for...
Words: 4245 - Pages: 17
...the Dhaka Stock Exchange reached nearly $9 billion in September 2007 and $27.4 billion on Dec 9, 2009. Management Dhaka Stock Exchange is entrusted on a 25 member’s board of directors. Among them 12 are selected from DSE members, another 12 are selected from different trade bodies and relevant organization. The CEO is the 25th member of the board. The following organizations are currently holding positions in DSE Board: ▪ Bangladesh Bank ▪ ICB ▪ President of Institute of Chartered Accountants of Bangladesh ▪ President of Federation of Bangladesh Chambers of Commerce and Industries ▪ President of Metropolitan Chambers of Commerce and Industries ▪ Professor of Finance Department of Dhaka University ▪ President of DCCI (Dhaka Chamber of Commerce and Industry) Trading The Dhaka Stock Exchange is open for trading Sunday through Thursday between 11:00am – 3:00pm BST, with the exception of holidays declared by the Exchange in advance. In the month of Ramadan, the exchange is open for trading between 10:30am -...
Words: 300 - Pages: 2
...History First incorporated as East Pakistan Stock Exchange Association Ltd in 28 April 1954 and started formal trading in 1956. It was renamed as East Pakistan Stock Exchange Ltd in 23 June 1962. Again renamed as Dacca Stock Exchange Ltd in 13 May 1964. After the liberation war in 1971 the trading was discontinued for five years. In 1976 trading restarted in Bangladesh, on 16 September 1986 DSE was started. The formula for calculating DSE all share price index was changed according to IFC on 1 November 1993. The automated trading was initiated in 10 August 1998 and started on 1 January 2001. Central Depository System was initiated in 24 January 2004. As of November 16, 2009, the benchmark index of the Dhaka Stock Exchange (DSE) crossed 4000 points for the first time, setting another new high at 4148 points. In 2010, the index crossed 8500 points and finally crashed in the first quarter of 2011. Millions of investors lost their money and came out onto the street blaming the speculators and regulators for the bubble that finally burst. [edit]Formation Dhaka Stock Exchange (DSE) is a public limited company. It is formed and managed under Company Act 1994, Security and Exchange Commission Act 1993, Security and Exchange Commission Regulation 1994, and Security Exchange (Inside Trading) regulation 1994. The issued capital of this company is Tk. 500,000 which is divided up to 250 shares each pricing Tk. 2000. No individual or firm can buy more than one share. According to stock...
Words: 548 - Pages: 3
...Creation (Private) Limited is a business organization with corporate social responsibility. It focuses on manufacturing and exporting environment friendly semi-industrial and industrial items using natural jute fiber. Creation produces various Jute Products that include different types of the following: Jute Gardening Products: Different type and size of Jute gardening bags, Jute Hessian tape, Jute square sheet, Jute big roll, Jute felt, Jute geo textile, Jute braids, Jute yarn and twine (natural, bleached and colored), Basket hanger (shikka), Hammock, etc. Jute Bag: Promotional bag, Shopping and gift bag, Wine bottle bag, Christmas Gift bag, Cotton bag, Gift packing bag, and customized designs and requirement as per buyer’s requirement, etc. Jute Gift Products & Packing Accessories: Gift wrapping set in a PP, Decorative spool/ yarn, Thick Jute rope and net, Cushion Cover, Curtain, Table Mat, Napkin, Coasters, Table Running Mat, Fashion Accessories, etc. Industrial Jute Products: Jute fabric (Hessian, Carpet Backing Cloth, Fine Jute Fabric, Jute Blended Decorative Fabric, etc.), Jute packaging bags for food grade, Raw Jute fiber, etc. Other: We have also different type of coconut fiber products like Coconut Fiber Spool, Coir Pith, Geo Textile, Fiber and Felt. Its Main Export Market is in Europe, especially in Germany, Italy, Sweden, Denmark, Norway, Netherlands, Greece, Switzerland, Russia, Hungary, and also in Japan, Saudi Arab, UK and USA. It...
Words: 436 - Pages: 2
...INTRODUCTION 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 neighbouring 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. The borders of modern Bangladesh took shape during the Partition of Bengal and British India in 1947, when the region became the eastern wing of the newly formed state of Pakistan. Following years of political exclusion, ethnic and linguistic discrimination, and economic neglect by the politically dominant western wing, a surge of popular agitation, nationalism and civil disobedience led in 1971 to the Bangladesh Liberation War, resulting in the separation of the region from Pakistan and the formation of an independent Bangladesh. After independence, the new state proclaimed a secular multiparty democracy. The country then endured decades of poverty, famine, political turmoil and numerous military coups. Since the restoration of democracy in 1991, the country has experienced relative calm and economic progress, though its main political parties remain polarized. Post Independence Bangladesh had to face the devastation wrought...
Words: 4433 - Pages: 18
...Development of fire fighting strategies to cope with increasing fire hazard vulnerability in Dhaka city: creating social awareness Background and present state of the problem Aims The aim of this research paper is to create a social awareness towards fire hazards and draw attention of the concerned administration to improvise the fire fighting strategies and enforce appropriate laws to tackle the problem. Objective To conduct a detailed investigation concerning the increasing fire hazards of Dhaka city to find the best possible solution. To identify the key factors concerning fire incidents. To identify and recommend the responsibility of different actors to create social awareness against fire hazards. To find possible ways to tackle fire hazard and design rescue process in present context. To find variables which are flexible to change, even in the conjusted urban context and can facilitate fire hazard rescue. To attempt to find new type of stratetegy to tackle fire incidents and if required, incorporate new design elements or illustrate conceptual basis of the process. Possible Outcomes: An in-depth study will bring light to a number of aspects regarding fire hazard incidents. The research will identify the reasons behind fire hazards, its victims, misery and the damages. Also it will bring light upon the possibilities and challenges of fire fighting strategies prevailing in Dhaka city. By analyzing the problem thoroughly,...
Words: 1046 - Pages: 5
...Economic Policy Paper on Political Stability and Economic Development: The Case of Bangladesh 1. Introduction Among the non-economic variables considered as sine qua non for development, political stability comes first. One may argue that other non-economic factors like rule of law, law and order situation are subsumed under political stability. On the other hand, major determinants of development like savings and investment, relative price stability, human resources, level of technology, factor productivity can play an effective role when political atmosphere is congenial. For example, it is argued that political stability and convenient law and order ensure the confidence of the people in the economy and its further development, which encourages the people to save. It also promotes confidence of the investors in the economy and convinces them to invest and reinvest. Of course, price stability, higher education and technical qualifications of the population, increasing factor productivity, technological modernity, export promotion etc. may not be directly related to political stability. But political stability in the long run ultimately ensures a relative price stability, improves educational and qualification status of the people, increases factor productivity, enables technology transfer, promotes exports. Those are the factors essential for economic growth. Moreover, long term political stability provides a congenial atmosphere for evolution of democracy. Democratic political...
Words: 19285 - Pages: 78
...Ecommerce of Bangladesh Ecommerce Ecommerce refers to the buying and selling of products or services over electronic systems through Internet and other computer networks. 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 It does not include transactions over telephone, fax or any payments made online for transactions whose terms were negotiated offline or by physical means. Some common applications related to electronic commerce are the following: Email Enterprise content management Instant messaging Newsgroups Online shopping and order tracking Online banking Online office suites Domestic and international payment systems Shopping cart software Teleconferencing Electronic tickets Why e-Commerce for Bangladesh With the increasing diffusion of ICTs, more specifically the Internet, the global business community is rapidly moving towards Business-to-Business (B2B) e-Commerce. The buyers/ importers gain a clear advantage when the Internet gives them access to the global market, by which they can compare prices across regions, find out whether prices vary by order fragmentation, get awareness about substitute/ alternative products. Consequently, the sellers/ exporters make sure that they are well portrayed in the cyber world through websites and portals...
Words: 1480 - Pages: 6
...College Of Business Administration Comparative Analysis of University of Dubai and Abu Dhabi University “Education Sector” Table of Content I. Current Situation……………………………………………………………………………3 II. Corporate Governance………………………………………………………………………4 III. External Environment………………………………………………………………………4 IV. Internal Environment………………………………………………………………………6 V. Analysis of Strategic Factors (SWOT)……………………………………………………7 VI. Strategic Alternatives and Recommended Strategy………………………………………7 VII. Implementation, Evaluation and Control…………………………………………………7 VIII. References……………………………………………………………………………………7 IX. Appendix A…………………………………………………………………………………8 X. Appendix B…………………………………………………………………………………14 Strategic Audit of Abu Dhabi University & University of Dubai I. Current Situation: |Strategic Posture | |University of Dubai |Abu Dhabi University | |Vision: University of Dubai is working with a vision of being a leading |Vision: To provide high quality in education, apply and use research | |University across UAE offering the higher education in the American system|tools for economic development and gain international accreditation | |with internationally accredited degree programs on the platform of quality|plus to be the best in UAE...
Words: 4007 - Pages: 17
...Income Tax Law Income Tax Law and the National Budget 2010-2011 Md. Abdur Rashid, FCMA B.Com. (Hons.), M.Com., DAIBB, LLB, FCMA Income Tax Law explain changes in tax struc-ure of an economy over time under t the impact of economic development and of political and social factors. Tax structure is affected by economic development in three ways: (a) tax base undergoes a change as the develop- ental process m proceeds; (b) change in the tax base brings about changes in the revenue system: and (c) economic development leads to changes in the objectives of tax policy. Bangladesh Government collects taxes on account of custom duty, sales tax, value added taxes, excise duty, cess, fees, fines, penalties, income tax, advalorem duty, etc. It appears that to fulfill the objectives of tax policy the Government every year brings some changes in various tax laws to collect more taxes on the basis of above tax structure. be established for those items to repair or servicing and thus to reduce the unemployment problems in the country. National Budget Every year before preparing National Budget the National Board of Revenue holds series of meetings with various trade bodies, trade associations, groups of people, various academic and professional Institutions. It seems that this year the discussions have been held on various scopes and opportunities of collecting more taxes. The discussions, of course, have been held in various dimensional scopes. In such a meeting organized by Management...
Words: 1863 - Pages: 8
...| Reporting from: | BUS 251 (Business Communication) | Section #04 | Dated: 19/02/2015 | | Assignment Prepared by the members of The Hartwells’: | ID# | Naimul Kader | 1310590030 | Md. Ekramul Hafiz | 1130142030 | Mahdi Ahsan | 0930071030 | Richard Chakma | 1220316030 | Sabiha Naz Priyanka | 1310749630 | | Assignment Prepared for: | Mahmudur Rahman, | Lecturer, | School of Business | North South University | Tuesday, February 17, 2015 Mamun Ashrafi Nafisa Fashion House # 424 (Ground floor), Road # 30, New D.O.H.S, Mohakhali Dhaka-1206 Bangladesh. Dear Dave Nielson, Thank you for the opportunity to be considered for support by The Investment Alliance Ltd. (U.K). In the five short years since its founding, Nafisa Fashion has played a major role in the transformation of apparel ready-made garments industry from a market with too many unproductive, unsupervised firms with too much time to get into trouble to one providing quality service with assured value for money. We envision carrying on our legacy & have thus come up with an innovative program which will not just help us to penetrate the local industry but will also lead to become one of the top 3 leading suit manufacturers across the world. With that mantra in mind we have come up with “Virtual Growth Strategy” program. A priority need for the program, our project will focus on 5 aspects of the industry namely pricing in the global garment industry, Asian...
Words: 1864 - Pages: 8
