Bangladesh Keen on Business with Myanmar

In: Business and Management

Submitted By muntasirbuet
Words 336
Pages 2
Bangladesh keen on business with Myanmar: GM Quader
Faruk Khan proposes parliamentary panel to remove trade barriers
Bangladesh is keen to do business with Myanmar in a win-win situation for the both next-door neighbours, Commerce Minister GM Quader said yesterday.
He said connectivity by air, sea and land is the key to giving a boost to bilateral trade.
“I hope all trade barriers with Myanmar will be removed soon. Bangladesh as a close neighbour will enjoy better trade privileges than other countries,” Quader told a seminar at Ruposhi Bangla Hotel in Dhaka.
The minister also said problems related to the payment mechanism would be resolved as Sonali Bank and the central bank of Myanmar have signed a deal on currency exchange.
Bangladesh Myanmar Chamber of Commerce and Industry (BMCCI) arranged the seminar, 'Doing Business between Bangladesh and Myanmar and Mechanism for Settling Payments' where its honorary adviser Karar Mahmudul Hasan presented a keynote paper.
Civil Aviation and Tourism Minister Faruk Khan hoped that three ways of communication -- air, sea and land -- with Myanmar would soon be made functional which would help strengthen bilateral trade.
“All formalities have been done regarding the air route. A final deal will be signed in this regard next month when Myanmar's president will be here,” Khan said adding that the river route would also be made operational soon.
“Things are moving fast at the highest government-level. The businesspeople should work faster at the business-level,” Khan said.
He proposed the formation of a parliamentary panel with representatives from the two countries to resolve all trade barriers and make the trade relations more vibrant.
BMCCI President KB Ahmed said Bangladesh and Myanmar are uniquely positioned to become strategic partners in developing their economies with a focus on agriculture, rural development and…...

Similar Documents

Fmcg Business Plan of Bangladesh

...Please note - The titles used in this document provide a clear structure to your business plan. You may choose to make minor changes to suit your particular situation. Name:       Business Plan for:       (Please use this template in conjunction with the guide Prepare a business plan, where you will find information about how to use your business plan as well as instructions on how to use this template) |Document Version: |      | |Date: |      | |Completed by: |      | Business plan contents Executive summary 4 1 Executive summary 4 2 Business details 5 3 Key personnel 6 Vision 8 4 The business idea 8 5 Business goals 9 6 What the business does 10 7 What makes the business different 11 8 Legal requirements 12 Sales and marketing 13 9 Market research 13 10 Profiling customers 14 11 Profiling competitors 15 12 Managing market risks 16 13 Pricing 17 14 Promotion and advertising 18 Running the business 19 15 Staff 19 16 Premises 20 17 Suppliers 21 18 Equipment 22 19 Managing operational risks 23 Finance 24 20 Start-up costs 24 21 Profit and loss forecast 25 22 Sourcing finance 26 23 Managing financial...

Words: 1701 - Pages: 7

How to Do Business in Bangladesh

...Profile: Bangladesh © 2012 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington, DC 20433 Telephone 202-473-1000 Internet All rights reserved. 1 2 3 4 08 07 06 05 A copublication of The World Bank and the International Finance Corporation. This volume is a product of the staff of the World Bank Group. The findings, interpretations and conclusions expressed in this volume do not necessarily reflect the views of the Executive Directors of the World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. Rights and Permissions The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA; telephone 978-750-8400; fax 978-750-4470; Internet All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433, USA; fax 202-522-2422; e-mail Copies of Doing Business 2012:......

Words: 23104 - Pages: 93

Business Environment of Sme in Bangladesh

...Introduction In a country like Bangladesh, Small and Medium sized Enterprises (SME) plays a significant role in boosting up the overall health of the economy. Their contribution towards the economy includes generation of large scale employment, investment, improvement of indigenous skill and technology, promotion of exports and opportunities for entrepreneurship and innovativeness. Bangladesh has around 27,000 medium-sized enterprises and 150,000 small-sized enterprises (defined by the government of Bangladesh as registered enterprises). Different countries and organizations define SME’s in different way. The SMEs are defined on the basis of two criteria across the world: volume of turnover and number of person employed in a particular organization. Small firms cover a wide variety of firms ranging from the single proprietor business, independent business owners who employ a handful of workers. The central bank of Bangladesh defines any business having a “Net-Worth” of up-to Tk. 10 Million or number of employees between 10 to 50 persons as small and business having a “Net-Worth” between Tk. 10 to 100 Million, or employees between 50 to 100 persons as Medium enterprises (Ahmed at al, 2011) 1. The Government of Bangladesh has categorized SME into two broad classes: Manufacturing enterprise and Non Manufacturing activities. The International Consultancy Group (ICG) of the UK, in collaboration with the Micro Industries Development Assistance and Services (MIDAS), conducted in...

Words: 4153 - Pages: 17


...4.1 Geographic Environment Location Myanmar is located in Southeast Asia, bordered by India and Bangladesh in the northwest, China in the northeast, Laos in the east, Thailand in the east and southeast, and the Indian Ocean to the south and the west. Terrain Myanmar is bordered by China, Thailand, India, Laos and Bangladesh, its coastline along the Bay of Bengal and the Andaman Sea. Availability of natural resources Myanmar is rich in natural resources such as petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, some marble, limestone, precious stones, natural gas, and hydropower. Climate Myanmar has a tropical climate with three seasons: a cool winter from November to February, a hot season in March and April, and a rainy season from May through October. The average annual temperature is 28°C (82°F). Target geographic area Infrastructure construction is expected to have the fast growth, especially, in capial town like Yangon ,as the government of Myanmar is now concerning for infrastructure development to support the country’s economic growth. Myanmar is planning one more new hotel zone in Yangon, to cope with growing prospective visitors. It is expected to be constructed along with the project of the Hanthawaddy Airport. Furthermore, 2014 Asian Summit will be held in Myanmar, the demand for hotel and land has started rising in cities such as Yangon in preparation for supporting foreign investors and tourists to the country. These......

Words: 3445 - Pages: 14

Term Paper on Business Strategy of a Mnc Pharma in Bangladesh

...Business Strategy of Sandoz Bangladesh Term Paper on Business Strategy of Sandoz Bangladesh Submitted to Professor A K M Saiful Majid Course Instructor, Business Strategy (W650) Submitted by M Nakibur Rahman, Batch: 43D, Roll# 55 Wazedur Rahman, Batch: 46D, Roll# 143 Institute of Business Administration University of Dhaka 13 June 2013 Dr. A K M Saiful Majid Professor Institute of Business Administration University of Dhaka Dear Sir: We are pleased to submit our term paper on “Business Strategy of Sandoz Bangladesh” as per your kind guidance and instructions to fulfill the course requirements. Working for the paper had been of great learning experience for us. This project gave us the opportunity to analyze a real life sector that we could relate with the theoretical issues studied in the Business Strategy course. We are open to your queries and feedback regarding this report. Yours truly, Mohammad Nakibur Rahman Roll: 55, Batch: 43D Wazedur Rahman Roll: 143, Batch: 46D i Table of Contents Executive Summary ....................................................................... iii 1. Introduction ............................................................................. 1 1.1 1.2 Objective ................................................................................................................................. 1 Scope .............................................................................................................

Words: 3508 - Pages: 15

Garments Business in Bangladesh

...1. Introduction After independence in 1971, Bangladesh moved to a private sector led export oriented economy in late 1970’s from a highly protected government led economy in search of prosperity and growth. Even though there was little growth and development in the country as a whole; one particular sector, the Readymade Garment (RMG) industry was the beneficiary of privatization. From 0.2 percent in 1980’s, it came to 75 percent in 2004-05 of country’s total export. This industry employs 1.8 million people of whom 90 percent are women. Trade liberalization as a form of globalization followed by the imposition of quotas by US was the key input while entrepreneurs played the anchor role to take advantage of these conditions. Government also came forward with favourable policies for further growth. However, the quota oriented worldwide apparel trade came to an end on December 2004. What is going to happen in the Bangladesh apparel industry, which was predicted to lose its stake in an open market? This dissertation aims to discover the condition of the apparel industry as a whole at present and how the firms adjust to the situation with their internal rearrangement. Additionally, issues considered as vital for industry’s growth, such as infrastructure, information technology in the form of database, internet and software, and capacity building will be discussed. The dissertation starts with the global picture of apparel trade, and with a brief description how this......

Words: 21242 - Pages: 85

Problems and Prospects of Small Business Development in Bangladesh

...Problems and Prospects of Small Business Development in Bangladesh Section One: Definition & Characteristics of Small Business  Our essay is divided into five sections. Section one will discuss about the definition, nature and scope of Small Business. In section two we will get the opinion of some entrepreneurs according to our questionnaire. Section three will deal about some common problems that our Small Business firms face, according to the answers of previous section, which will be followed by some suggestions from our group in section four.  And our discussion will come to an end with some concluding remarks in the last section. Section One: Small Business DEFINATION: * According to Small Business act 1934,” A business which is independently owned and operated and not dominant in its field” is a Small Business. * Bolton Report on the commission of the inquiry on Small Business firms, 1977,”Small firm is one that has a relatively small share profits market.” * Stoner, Freeman, & Gilbert, 1995, “Small Business refers to business locally owned and managed, often with very few employees working at a single location”. * US Government, “A Small Business is one with fewer than 500 employees.” According to executive committee for national economic development,”A Small Business one of which process at least two of the following characteristics: * -Managers are the owners, * -Capital supplier and the owner is individual or a small group, ...

Words: 1773 - Pages: 8

Beverage Business Bangladesh

... Introduction: At present Bangladesh has a very competitive market of beverage. Bangladesh has a relatively hot weather and people tend to be thirstier. So they prefer to take soft drinks most of the time. Beverage took the market of Bangladesh in the first half of 1980. In that time two or three soft drinks were available in the market. But now lots of beverage found in the market. Some of them are popular and some are not so popular. Soft Drinks Industry like other developing and developed countries is getting much popularity in Bangladesh. The number of firms operating in this industry is getting increased. The market is also increasing in a greater portion. Today most of the people in both urban and rural areas are taking soft drinks in a large amount. To capture this market many global brands are competing with local brands now. However the local brands (Mojo and Pran) are much successful even if the global brands (Coca Cola, Pepsi) are present. Our soft drinks industry follows some innovative, strong and continuous improving production and marketing techniques. Although quality is not the prime concern of our people, they mainly prefer cost effective soft drinks. The local companies are competing with global brands on the basis of lower cost. They are capturing the urban markets by offering some innovative marketing plan and offer. In rural areas they are very strong in distribution strategy and price effectiveness. Our local brands understand the psychology of our......

Words: 620 - Pages: 3

New Business Development in Bangladesh (Spa)

...Submitted To Samia shabnaz Lecturer (Course teacher) American international university -Bangladesh Submitted By Khan Samara Salsabeel 07-09162-2 LETTER OF TRANSMITTAL 28th February, 2011 Department of bachelor of business administration American international university-Bangladesh Subject: Tem paper on “A new business plan” Dear mam, Here is the report on “A new business plan” That you assigned us to prepare. This report will provide you with information regarding our business that is on “spa” We have collected and studied the relevant information for preparing this report. we have enjoyed a lot during our report writing, as it required studying details about spa industries in Bangladesh. We hope that this report will meet your requirement. We would be glad to furnish any further clarification in this regard, if needed. Yours’ sincerely, Khan Samara Salsabeel Ferdous shanjida Das Bipul Rahman Ashiqur We are grateful to Almighty god for giving us the chance of completing this paper within the schedule time without any kind of complex hazard. We would like to take the chance to express our gratitude to our honorable course teacher, samia shabnaz for her continuous guidance and support regarding this term paper. Besides this, we have found so many sincere and productive advices from many a person that we would like pay homage to them. INTRODUCTION What actually spa......

Words: 5936 - Pages: 24


...Myanmar in Transition Opportunities and Challenges Myanmar in Transition Opportunities and Challenges August 2012 © 2012 Asian Development Bank All rights reserved. Published in 2012. Printed in the Philippines. ISBN 978-92-9092-812-6 (Print), 978-92-9092-813-3 (PDF) Publication Stock No. RPT124850-2 Cataloging-in-Publication Data Asian Development Bank Myanmar in transition: Opportunities and challenges. Mandaluyong City, Philippines: Asian Development Bank, 2012. 1. Economic development. 2. Myanmar. I. Asian Development Bank. The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. ADB encourages printing or copying information exclusively for personal and noncommercial use with proper acknowledgment of ADB. Users are restricted from reselling, redistributing, or creating derivative works for commercial purposes without the express, written consent of ADB. In this report, “$” refers to US dollars unless otherwise specified. Asian......

Words: 5104 - Pages: 21

The Emerging Business Sector of Bangladesh

...The recent monetary policy of Bangladesh BANK The central bank declared its half-yearly monetary policy aiming to contain inflationary pressures through discouraging credit flow to unproductive sectors and for speculative purposes including real estates and investments in stock market beyond affordable limits. While releasing the monetary policy statement (MPS) for July-December period of the current fiscal year, The governor of the central bank said that the monetary policies in fiscal year 2011-12 will need to continue in the restraining stance on credit growth as pursued in fiscal year 2011. He also told that the policies, as before, will selectively bear down on growth of credit for wasteful, unproductive and speculative uses while ensuring adequate credit flows for all productive pursuits in manufacturing, agriculture, trade and other service sector. Under the new monetary programme, domestic credit growth will come down to 20 per cent in June 2012 from an estimated 27 per cent in June this fiscal while credit growth to the private sector will be brought down to 18 per cent next fiscal from an estimated level of 25.5 per cent in the current one. Explaining what the central bank would consider lending for speculative purposes in particular, BB Senior Consultant Mr. Allah Malek Kazemi said credit flows for purchases of land and apartments (flats), investments in shares beyond affordable levels and many other areas where bubble-and-bust situations prevail......

Words: 1315 - Pages: 6


...Executive Summary Myanmar, the last frontier of Asia. With abundance of untapped natural resources and potential growth is the key to her future success. The recent signed “Telecommunication Law” makes Myanmar the last few untouched telecommunication markets in the world. Although sadden with poor infrastructure, the country will be abled to leverage on the “Telecommunication Law” to bring potential growth to other sectors. Although the country is seem as corrupted and with Corruption Perceptions Index (CPI) at rank 156th out of 175 countries, President Thein Sein has made many political reforms to improve the governing situation. Overseas investors are starting to gain confidence and build their businesses in Myanmar. Myanmars main exporting commodities includes natural gas, wood products, pulses, beans, fish, pulses rice, gems, jade and clothings. And its mainly being exported to Thailand,India, China and Japan . The opening of Japan's Bank of Tokyo-Mitsubishi UFJ (BTMU) is a new milestone achieved as it is the first foreign bank to operate in Myanmar for decades. In this report, we will analyse Myanmar’s recent developments and its new found global and evalute how Myanmar should prioritise over the next 5 years. Table of content 1 Introduction 5 2 Myanmar’s recent developments and its new found global status 6 3 Analysis of Myanmar 7 a. Political 7 i. Politics and......

Words: 3067 - Pages: 13


...MYANMAR Putao Jorhat KACHIN Ch SAGAING Dhaka Tengchong Katha DIVISION Irrawaddy RAKHINE Ramree I. STATE Che duba B a y o f B e n g a l I. Prome (Pye) Town, village An d a m a n S e a Major airport G Ma ulf of rtab an MON STATE Nakhon Sawan Launglon Bok Islands 16° Nakhon Ratchasima Bangkok 14 ° (Krung Thep) Dawei CAMBODIA TANINTHARYI DIVISION Mergui International boundary Division or state boundary T H A I L A N D Amherst 94° Division or state capital Khon Kaen Ye National capital 18° ng Coco Islands (MYANMAR) e Vientiane M kong (Viangchan) Pi y 12° 12° Main road Mergui Archipelago Secondary road 20 ° m s o f t h e I r ra w a d d DEMOCRATIC REPUBLIC Na Pyapon LAO PEOPLE'S Mae 92° Thaton Pa-an KAYIN YangonBilugyin I. Mawlamyine STATE Preparis Island (MYANMAR) 14° Houayxay Lampang Bago YANGON DIVISION AYEYARWARDY DIVISION u th Möng-Pan Chiang Mai BAGO DIVISION Henzada Mo Muang Xai Loikaw KAYAH STATE Naypyitaw Sandoway Pathein Kengtung Taungdwingyi 18° 16° Taunggyi MAGWAY DIVISION Minbu Magway Sittwe (Akyab) 20° Meiktila VIET NAM Pongsali Ta-kaw MANDALAY Chauk Jinghong SHAN STATE Myingyan Pakokku 22 ° ) Mandalay Sagaing Gejiu d) ng Maymyo (Re ko Monywa CHIN STATE Yuan e (M Shwebo Lashio S a l we e n I r r a w ad d y 22° Chittagong La nc a ng Namhkam Kalemya Hakha 24 ° Lincang Mawlaik Falam C H I N A Bhamo DIVISION Barisal Kunming Baoshan Hopin 24° 26 °...

Words: 372 - Pages: 2

Legal Encironment of Business in Bangladesh

...Legal Environment of Business in Bangladesh A Report On “Legal Environment of Business in Bangladesh” Course Title Legal Environment of Business Course Code LAW-234 Submitted to Abeer Khandker Lecturer Faculty of Business Administration ASA University Bangladesh Submitted by Name ID Hosnain Ahmed 092-12-0002 Riyadh Ahmed 092-12-0003 Mahmudul Hassan 092-12-0006 Tasmia Kamal 092-12-0017 Nafisa Halim 092-12-0021 Sanjida Akter 092-12-0024 Habiba Sultana 081-12-0220 Date of Submission: 20th April, 2011 Table of Contents Introduction 4 Legal Procedures to Starting a Business 5 Banking Companies 5 Financial Institutions 6 Legal Procedures to Continue a Business 7 Financial Institutions 7 Other Companies 9 Dealing with licenses 9 Employing workers 10 Registering property 10 Getting credit 11 Paying taxes 12 Protecting investors 13 Trading across borders 13 Enforcing contracts 14 Legal Procedures to Ending a Business 16 Banking Company 17 Financial Institutions 25 Summary of Indicators - Bangladesh 27 Conclusion 29 Reference 30 Introduction The Legal Environment of Business commences with the systems approach to management and an analysis of the relationship between law and ethics. The first module reviews the......

Words: 7564 - Pages: 31

Business Plan of a Boutique Shop in Bangladesh

...Term Paper On Business Plan of a Boutique House Submitted To Maruf Reza Byron Senior Lecturer Submitted By Gazi Tasnuva Ibtesam ID # 111072045 Sumaya Sultana ID # 111081120 A. S. M. Shamiul Imrose ID #111081039 Khaled Saifullah ID # 111081142 Md. Asif Muztoba Khan ID # 111081095 Sec D, Group A Submission Date: April 12, 2009 Table of Content Topic | Page | Letter of Transmittal | i. | Letter of Caution | ii. | Student Declaration | iii. | Acknowledgement | iv. | Abstract | v. | Summary | vi. | Partnership Agreement | vii – ix | The Industry, the Company and the Service | x – xiii | Marketing Plan | xiii – xiv | Financial Data | xiv | Picture of our Products | xiv | Letter of Transmittal April 12, 2009 Maruf Reza Byron School of Business United International University Dear Sir: Subject: Submission of the Term Paper We are very pleased to submit this Term Paper on “Introduction to Business”. We were assigned to prepare and submit this term paper for the partial fulfillment of the course entitled...

Words: 2400 - Pages: 10

15. Selena Gomez Ft Marshmello Wolves mp3 | Phim Trung Quốc | The Child in Time