Investment policies of competitive advantage by Bangladesh Commerce Bank Ltd

The performance evaluation through product and service of Bangladesh Commerce Bank Limited. Operation provided By Bangladesh Commerce Bank Ltd. The Performance Evaluation of Bangladesh Commerce Bank Limited in this report, I am just trying to analyze how they can perform in their banking system.  Financial soundness of any financial institution is the prime concern for its survival in the competitive & changing business environment. This is the most important in case of the banking institution. In this study “Investment policies and analysis of competitive advantage by Bangladesh Commerce Bank Ltd.” has been described.

FBCI proposed 81 person for CIP

DHAKA: 09 July 2009

Staff Correspondent.

 

Federation of Bangladesh Chambers of Commerce and Industry proposed to the  commerce ministry yesterday awarded the commercially important person (CIP) status to 81 business-people for 2009. In the list the name is as follow.

The ex-officio CIPs are Annisul Huq, president of the Federation of Bangladesh Chambers of Commerce and Industry, Waliur Rahman Bhuiyan, former president of Foreign Investors' Chamber of Commerce and Industry , Shahedul Islam, president of Bangladesh Chamber of Industries, Mirza Nurul Gani Shovon, president of National Association of Small and Cottage Industries of Bangladesh, Abdul Hai Sarker, president Bangladesh Textile Mills Association, Nazmul Haque, president of Bangladesh Jute Mills Association and Kamran T Rahman, president of Bangladesh Employers Federation.
The large industrialist awardees include K M Rezaul Hasanat, managing director of Viyellatex Group, Rupali Chowdhury, managing director of Berger Paints Bangladesh Ltd, Abdus Salam Murshedy, managing director of Manta Apparels Limited, Mia Mohammad Abdus Salam, managing director of Salam Seafood Limited, Dr Arif Dwola, managing director of Advanced Chemical Industries Ltd, and Ahsan Kabir Khan, managing director of Interfab Shirt Manufacturing Ltd.

The other persons under this category are Kutub Uddin Ahmed, chairman of Envoy Group, Selim Ahmed, Md Boduzzaman, chairman of Advance Homes ltd, managing director Singapore Bangladesh Ceramics Pvt Ltd, Shibly Mirza, managing director of Al-Amin Beverage Industries Limited, Mahbub Jamil, former managing director of Singer Bangladesh Limited, Ahsan Khan Chowdhury, managing director of Pran Agro Limited, Towhidur Rahman, managing director of Fresh Foods Ltd, Abdul Haque, chairman of Royal Green Products Ltd, Ali Hossain Akber Ali, managing director of Bangladesh Steel and Re-rolling Mills, Ltd, Dr Mohammad Athar Uddin, chairman of Azmat Fashions Limited, Dipak Bhowmik, chairman of Landmark Fabrics Ltd, Mojibur Rahman, managing director of BRB Polymer Ltd, Yeasmin Khan, managing director of Min Har Fisheries Ltd, Amjad Khan Chowdhury, managing director

Agricultural Marketing Limited, Anwar-ul-Alam Chowdhury, managing director of Evince Group, Anwarul Azim, managing director of ABM Apparels Ltd, and Mahidul Islam Khan, managing director of Citadel Apparels Ltd.
The nine persons awarded under the medium scale industries are Abdur Razzaque Sattar, managing director of Utah Group of Companies, Iqbal Ahmed, managing director of Seamark (BD) Ltd, Khatib Abdul Zahid Mukul, managing director of Zaheentex Industries Ltd, Mosharraf Hossain, chairman of Sonargaon Dyeing and Printing and Mosharraf Spinning Mills Ltd, Inamul Haque Khan, managing director of Ananta Garments Ltd, M A Jalil, managing director of AJI Apparels Industries Ltd, Habib Ullah Khan, managing director of Minhar Sea Foods Limited, Shahana Sultana, director of International Shrimps Exports Pvt Ltd, and Rezaul Haque, managing director of Modern Seafood Industries Ltd.
In the small industrial category, Amir Hamza Sarker, managing director of Logos Apparel Ltd, is the lone winner of CIP status.

Money market turnover crosses BDT 52bn, rates unchanged

The overall turnover in the inter-bank money market crossed BDT 52 billion-mark on Sunday while the call money rates remain unchanged, officials said.
The turnover in the market rose to BDT 52.44 billion on the day from BDT 49.14 billion of the previous day, according to the central bank latest statistics, released on Monday.
The call rate ranged between 5.25 per cent and 6.50 per cent unchanged against the previous level. But most of the deals were settled at rates varying between 5.50 per cent and 6.0 per cent, market operators said.
On the other hand, the banks quoted the dollar at BDT 77.80 – BDT 77.81 on the day unchanged from the previous working day.
The exchange rate of the BDT against the US dollar remained stable due to weak demand for the greenback in the market, a senior treasury official explained.

Bangladesh economy moves up 14 places on World Bank, IMF scale in two years

• 
  
  

The World Bank and International Monetary Fund think Bangladesh economy, which has been maintaining over 6 percent growth, is gradually gaining a strong footing.

According to WB’s World Development Indicators Database and IMF’s World Economic Outlook, Bangladesh advanced 14 steps from the 58th position to 44th in the world economy in the last two years.

Planning Minister AHM Mustafa Kamal presented the reports of the two global lending agencies at a meeting of the Executive Committee of the National Economic Council (ECNEC) on Tuesday.

Prime Minister Sheikh Hasina presided over the meeting.
According to the WB and IMF reports, Bangladesh economy ranked 58th in the world with a GDP of $149.99 billion based on current price in 2013.

In 2015, the GDP grew to $205.3 billion taking Bangladesh to the 44th position in the world economy.

The WB and IMF published the reports in April.

After the reports were presented at the ECNEC meeting, the prime minister said: “We maintained over 6 percent GDP growth in the last six years. It’s really an outstanding achievement for us.”

The planning ministry in a media statement quoted her as telling the meeting: “Everybody has contributed to this achievement. I hope the economy will continue to surge ahead.”

Hasina stressed structural changes with ‘proper management’ of the resources the nation had.

Indian Prime Minister Narendra Modi during his recent Dhaka visit also described over 6 percent growth for last several years as ‘outstanding’.

After the ECNEC meeting, the planning minister said: “Our position in the global economy is improving by the day. We’re benefiting from the over 6 percent GDP growth for six years on a row.”
Bangladesh’s economic advance has pleased the World Bank’s Dhaka office Chief Economist Zahid Hossain.

He told bdnews24.com the progress had brightened Bangladesh’s image in the international arena.

“Foreign investors will now show their interest to bring funds into Bangladesh. It will play a positive role in securing foreign loan and aid,” he added.

The US economy maintained its top position in the world in 2015 with a GDP of $18.12 trillion. It was followed by China ($11.21 trillion), Japan ($4.92 trillion) and Germany ($3.41 trillion).

In 2013, the GDP of the four countries was $16.77 trillion, $9.24 trillion, $4.21 trillion and $3.73 trillion respectively.

The United Kingdom now ranks fifth and France sixth.

According to the reports, India moved three places to seventh position from 10th. The South Asian country’s GDP stood at $2.31 trillion in 2015.

The reports suggest Bangladesh surpassed Vietnam, Tajikistan, Portugal, Qatar, New Zealand and Peru.

Economy of Bangladesh

Bangladesh is a developing country that is classified as a Next Eleven emerging market and one of the Frontier Five. According to a recent opinion poll, Bangladesh has the second most pro-capitalist population in the developing world.^[13]
Between 2004 and 2014, Bangladesh averaged a GDP growth rate of 6%. The economy is increasingly led by export-oriented industrialization. The Bangladesh textile industry is the second-largest in the world. Other key sectors include pharmaceuticals, shipbuilding, ceramics, leather goods and electronics. Being situated in one of the most fertile regions on Earth, agriculture plays a crucial role, with the principal cash crops including rice, jute, tea, wheat, cotton and sugarcane. Bangladesh ranks fifth in the global production of fish and seafood. Remittances from the Bangladeshi diaspora provide vital foreign exchange.
The Bangladesh telecoms industry has witnessed rapid growth over the years and is dominated by foreign investors. The government has emphasized the development of software services and hi-tech industries under the Digital Bangladesh scheme. Bangladesh has substantial reserves of natural gas and coal; and many international oil companies are involved in production and exploration activities in the Bay of Bengal. Regional neighbours are keen to use Bangladeshi ports and railways for transhipment. Located at the crossroads of SAARC, the ASEAN+3, BIMSTEC, and the Indian Ocean, Bangladesh has the potential to emerge as a regional economic and logistics hub.
In 2015, per-capita income stood at USD 1,314.^[14] While achieving significant macroeconomic stability, Bangladesh continues to face challenges such as infrastructure deficits and energy shortages.