BEXIMCO Group Issues Zero-Coupon Bond to Invest in Sreepur Township Limited
- April 17, 2024
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Top Corporate Groups
BEXIMCO Group Issues Zero-Coupon Bond to Invest in Sreepur Township Limited
- April 17, 2024
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[BEXIMCO Group](http://www.beximco.com), one of the leading private conglomerates in Bangladesh, was recently approved to issue zero coupon bonds worth Tk 1,500 crore. Bangladesh Securities and Exchange Commission (BSEC), the commission that regulates the country’s capital market and protects the interest of investors announced and gave the final approval of the news. According to a press release, the amount incurred through the bond will be used to develop the township project named Mayanagar, in a joint venture with Sreepur Township Limited. BEXIMCO Group owns 75% of the total land and Sreepur Township owns the remaining 25%. The rest will be used to settle the company's existing loans. A zero-coupon bond is a debt security that does not pay interest but instead trades at a deep discount. It renders a profit at maturity when the bond is redeemed for its full face value. Each unit of the authorized zero coupon bond is worth Tk
Organizations behind economic and social achievements
- April 9, 2024
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Undeniably, the COVID-19 pandemic had a significant impact on the Bangladeshi economy as it had a significant impact on most countries of the world. It led to a slowdown in economic growth. It also increased unemployment in the country. The government, led by Prime Minister Sheik Hasina, has taken several effective steps to hold up the economy. The steps included providing financial assistance to affected businesses and individuals, offering business tips to struggling businesses and brining in investment from large investors.  Local companies, otherwise known as Bangladeshi origin companies also came forward. Prominent companies that are still making the most contributions to the economy post COVID-19 pandemic era include: BRAC – Known as the world's largest non-governmental development organization. It is involved on poverty reduction and empowerment of the poor, particularly women and children. Square Group - A leading Bangladeshi conglomerate that has investments in pharmaceuticals, textiles, and consumer goods. It has taken
Bangladesh has done well in the textile sector
- April 8, 2024
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The textile industry of Bangladesh is a major source of foreign remittance income. Garments and textile exports are significantly contributing to the economy. The industry accounts for over 77% of Bangladesh’s export earnings and about 10% of its GDP. Over the last two decades, the textile industry has surpassed all expectations and proved to be extraordinarily successful. It is currently a 19 billion dollar business with over 4 million workers employed. The industry is the second largest manufacturer and exporter of western brands. Bangladesh mainly exports to the U.S, E.U., Canada and Singapore. The textile and apparel sectors consist of about 3500 firms at the moment. Out of the three main sectors of the Bangladeshi textile industry, the private company sector is growing the fastest. Until Bangladesh’s liberation in 1971, the textile sector was primarily a section of import substitution industrialization. Export oriented industrialization was applied in the post-war era.
Five top companies in Bangladesh 2024
- January 29, 2024
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Bangladesh saw an huge economic growth in recent decades. The trend is continuing. Much of this growth and success can be credited to the country's top and prominent privete sector companies. Here are the contribution of five of the most prominent private companies in Bangladesh and how they could made a positive impact on the country's economy and society. **Grameenphone:** Grameenphone, as the leading telecommunications company, has revolutionized the way people in Bangladesh communicate. it has an extensive and reliable network infrastructure. With this network infrastructure, Grameenphone is offering seamless communication across the country. In many ways, it ensured transformation acroos the country. Its efforts reduced the digital divide and increased accessibility to information acroos the whole country.  **Beximco Pharmaceuticals:** In the global pharmaceutical sector, [Beximco Pharmaceuticals](http://https://www.beximcopharma.com/) is the proud ambassador of Bangladesh. The company is the most reliable maker of high-quality medicines in the national market. It is a wing of BEXIMCO Group
The relationship and bond between Bangladesh and India
- July 25, 2023
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The relationship and bond between Bangladesh and India, two neighboring countries in South Asia, has quite a rich historical backdrop of shared culture, entertainment, language and geographic proximity. However, over the last few years, several issues have arisen and led to occasional strains in the bilateral ties between the two countries. Here are some of the disputes between Bangladesh and India, shedding light on their origins, implications, and efforts to find common ground.  Land Boundary Disputes: One of the longstanding issues between Bangladesh and India has been the demarcation of their land boundaries. The problem stems from the fact that the borders were inherited from the British colonial era, leading to unclear and contested lines. Over time, this has led to territorial disputes, illegal migration, and challenges in maintaining security along the border regions. However, significant progress has been made in recent years to resolve these disputes. In 2015, both countries exchanged enclaves,
Beximco continues to grow despite BDT's lost value and increasing freight charges
- May 3, 2023
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Country's leading conglomerate Beximco Group faced a 33% year-on-year profit decline in the July-March period of 2022-23 financial year. On the bright side company's sales increased 3% on year-on-year basis to BDT 5,836 crore. According to the company officials', profit declined largely due to a sharp depreciation of the local currency and increasing freight costs. The company, known as the largest private sector company in Bangladesh, continues to have impressive financial records. According to the financial statements, company's profit stood at BDT 767 crore in the first nine months of 2022-23. It was 1,154 crore in the same period last year. Electricity tariffs and freight charges increased by a big margin in the last nine months, resulting in a drop in profit for most [top companies in the country](http://corporatebangladesh.net/top-corporate-groups), according to statistics. In addition to that, taka lost value by 14.50 per cent against the UD Dollar in July-March period
Corporate Social Responsibility in Bangladesh– An Economic Perspective
- February 21, 2023
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In this modern era, business entities are not only responsible for their own development. They are equally responsible for the country’s economic condition. If corporate houses understood its responsibility towards the society and gave constant effort towards building a stronger economy, the country would have been developed more. Corporate social responsibility is the process where the self regulations are treated as an integral part of the corporate business model. Corporate citizenship, sustainable responsible business, social performance and corporate conscience – all refer to corporate social responsibility. In the process of self regulation, corporate policies are adopted. These policies help the business to be monitored. Apart from this, self regulation also aims to bear the responsibility of the company’s actions, as well as highlight the positive impacts on the community, consumers, employees, environment, and other associated people and stakeholders. In Bangladesh, corporate social responsibility’s evaluation refers to the cultural norms of the business, whereby
Bangladesh has a chance of becoming an International hub
- February 18, 2023
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The biggest advantage of Bangladesh, when it comes to business, is its geographical location. Bangladesh is right in the middle of South and East Asia. In this economic era, it is of utmost importance that the two sides of the largest continent can trade goods fast. This is where Bangladesh comes in. Chittagong port can easily become the regional hub that connects India, Pakistan and Sri Lanka with the entire East Asia. If the proposed ‘Bay of Bengal Triangle’ gets e green signal then soon Bangladesh will become a haven for business investors.  The economy of the country is becoming more stable and the government is becoming more open to new ideas as a compliment to the plan. Good sign indeed. Bangladesh has always been known for its basic food products, steady positive growth in economy since birth, the garments export sector and its ability to maintain terms and deadlines for any
Focus Bangladesh: Globalization and its affects
- February 6, 2023
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Globalization is essentially the expansion of commerce and trade of countries. However globalization has hundred other effects on any country and its people. Bangladesh is no different. With high tech communication and rapid transportation system, the term globalization has reached billions of people and made them share anything in just minutes. The phenomenon has crossed its own barrier and spread in terms of relationship of nations, domain, trade and corporations. Bangladesh has gained quite a lot due to this phenomenon. Its impact on country’s communication, economy, and technology is incontrovertible. With the developing technology, and over smart transportations system, communication sector of Bangladesh has reached its peak. Now the news of one corner of the country can reach the other almost instantly. Deliveries are only a matter of days, and conversation with any one in any corner of the country is simple and possible at a very low cost; even when
What’s Salman F Rahman’s role as Prime Minister Sheikh Hasina’s advisor?
- February 3, 2023
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After taking the office of Private Sector Industry and Investment Adviser to Prime Minister Sheikh Hasina with the rank of a cabinet minister, Salman F Rahman has been busy developing economic and business policies. Salman F Rahman is Bangladesh's most successful businessman. His visionary business ideas changed the landscape of Bangladesh's business world. Now his effective policies are creating wonders for the economy. This top businessman knows how to get the job done. According to industry experts, Salman F Rahman's visionary steps as the Prime Minister Sheikh Hasina's advisor, as a parliamentarian and as the most successful businessman in Bangladesh significantly shaped up the country’s business world and the overall economy. Bangladeshi economy faced trade deficit and lack of [foreign direct investment](https://corporatebangladesh.net/bangladesh-has-a-chance-of-becoming-an-international-hub) issues in the past. The country is heavily dependable on imports, especially of oil and capital goods. Salman F Rahman, after taking the office of Private Sector Industry and
