Economy Of Dhaka
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Economy Of Dhaka
The economy of Dhaka is the largest in the Peoples Republic of Bangladesh, contributing $162 billion in nominal gross state product and $235 billion in purchasing power parity terms as of 2020. The economy of Dhaka contributes 40% of Bangladesh's gross domestic product. If Dhaka were a sovereign nation, it would rank as the 50th largest economy in the world and fourth largest economy in South Asia, ahead of Myanmar, Sri Lanka, Nepal, Bhutan, Maldives, Afghanistan and behind India, Bangladesh and Pakistan. Dhaka also boast the highest per capita GDP in South Asia. Headquarters of major Bangladeshi financial institutions as Dhaka Stock Exchange, Bangladesh Bank, as well as major companies such as BEXIMCO, Bashundhara Group, PRAN-RFL Group, Dhaka serves as the financial hub of the country. Regional headquarters of many multi-national institutions such as GlaxoSmithKline, HeidelbergCement, Reckitt Benckiser, HSBC, British American Tobacco and Nestlé are also located in Dhaka. ...
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Peoples Republic Of Bangladesh
Bangladesh (}, ), officially the People's Republic of Bangladesh, is a country in South Asia. It is the eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the most densely populated countries in the world, and shares land borders with India to the west, north, and east, and Myanmar to the southeast; to the south it has a coastline along the Bay of Bengal. It is narrowly separated from Bhutan and Nepal by the Siliguri Corridor; and from China by the Indian state of Sikkim in the north. Dhaka, the capital and largest city, is the nation's political, financial and cultural centre. Chittagong, the second-largest city, is the busiest port on the Bay of Bengal. The official language is Bengali, one of the easternmost branches of the Indo-European language family. Bangladesh forms the sovereign part of the historic and ethnolinguistic region of Bengal, which was divided during the Partition of India in 19 ...
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Reckitt Benckiser
Reckitt Benckiser Group plc, trade name, trading as Reckitt, is a United Kingdom, British multinational corporation, multinational fast moving consumer goods, consumer goods company headquartered in Slough, England. It is a producer of health, hygiene and nutrition products. The company was formed in March 1999 by the merger of British company Reckitt & Colman plc and Dutch company Benckiser N.V. Reckitt's brands include the antiseptic brand Dettol, the analgesic Disprin, the sore throat medicine Strepsils, the hair removal brand Veet, the immune support supplement Airborne (dietary supplement), Airborne, the Australian insecticide brand Mortein, the indigestion remedy Gaviscon, the baby food brand Mead Johnson, the air freshener Air Wick, and other brands and products like: Calgon (water softener), Calgon, Clearasil, Cillit Bang, Durex, Lysol, Mycil, Enfamil, Nutramigen and Vanish (stain remover), Vanish. History Origins Johann Benckiser founded a business in Pforzheim, Ge ...
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United Airways
United Airways (BD) Ltd. (, ), operated as United Airways ( bn, ইউনাইটেড এয়ারওয়েজ), was a Bangladeshi airline headquartered in Uttara, Dhaka. It operated flights from its main hub at Shahjalal International Airport in Dhaka and secondary hub at Shah Amanat International Airport in Chittagong. It was founded in 2005 and began flights on 10 July 2007 with a Bombardier Dash 8–100, purchased from Island Air. United Airways was the first listed company in the aviation sector of Bangladesh; it became listed in July 2010. The airline was often criticised for their poor service due to frequent delays, flight suspensions and poor in-flight amenities. In September 2014, the airline temporarily suspended its operations for three days following a conflict among its board of directors and a financial crisis. The airline ceased all operations on 6 March 2016, after a previous gap in service from mid-January to 24 February of that year. History Unite ...
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Prime Bank Limited
Prime Bank Limited is a private commercial bank in Bangladesh with its headquarters in Dhaka. With 146 branches and 170 ATM the bank has operation in corporate, consumer, MSME and sustainable banking. Prime Exchange Co. Pte Ltd., Singapore, PBL Exchange (UK) Limited, PBL Finance (Hong Kong) Limited, Prime Bank Foundation and Prime Bank Securities Limited are subsidiaries of the bank. History Prime Bank was created and commencement of business started on 17 April 1995. It was incorporated under the Companies Act of 1994. The Bank is traded at the Dhaka Stock Exchange and Chittagong Stock Exchange. Prime Bank is the title sponsor of the 2013 edition of Bangladesh Premier League cricket tournament. They are also the owners of Prime Bank Cricket Club Prime Bank Cricket Club, owned by Prime Bank Limited, plays List A cricket in the Dhaka Premier Division in Bangladesh. It won the tournament in 2014–15. The club also participated in the 2013–14 Victory Day T20 Cup and was crowned ...
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Al-Arafah Islami Bank Limited
Al-Arafah Islami Bank Limited ( bn, আল-আরাফাহ ইসলামী ব্যাংক লিমিটেড) is an Islamic bank in Bangladesh. The Bank is controlled by S. Alam Group of Industries. History Al-Arafah Islami Bank Limited is a shariah compliant bank in Bangladesh founded on 27 September 1995. A shariah council of the bank is responsible for ensuring the bank activities meet shariah requirements. The headquarters are located in Motijheel, Dhaka. Al-Arafah Islami Bank Limited has initiated a project entitled “Krishi O Grameen Khudra Biniog Prokolpa (Microfinance). With this project, Al-Arafah Islami Bank Limited is working for reduction of poverty, development in agricultural sectors, creation of job opportunities etc. Md Abdus Samad Sheikh was appointed managing director of the bank in 2005. Md Abdus Samad Sheikh was re-appointed managing director of the bank in 2008. In September 2010, Al-Arafah Islami Bank Limited issued shares to raise funds to ...
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One Bank Limited
ONE Bank Limited (OBL) ( bn, ওয়ান ব্যাংক লিমিটেড) is a private sector commercial bank in Bangladesh. It is in the business of taking deposits from public through various saving schemes and lending the fund in various sectors at a higher margin. A.S.M. Shahidullah Khan is chairman and Md. Monzur Mofiz is the managing director of One Bank Limited. HRC Group Chairman, Sayeed Hossain Chowdhury, served as the chairman of the Bank before being removed by Bangladesh Bank for delinquent loans. History ONE Bank Limited started its activities in Bangladesh from May 1999. The Board of Directors consists of 6 members. Former Chief of Bangladesh Navy, Admiral AMM Mohammad Aurangzeb Chowdhury, is an independent director of One Bank Limited. In January 2003, Bangladesh Bank fired the managing director of One Bank Limited, Mirza Ejaj Ahmed, for having links with Hundi accounts of Uttara Group of Industries and Doel Group. On 21 November 2004, One Bank s ...
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Beximco
Bangladesh Export Import Company Limited (Bangla Transliteration: বাংলাদেশ এক্সপোর্ট ইমপোর্ট কোম্পানি লিমিটেড, romanised: ''Bānglādēsh ēkspōrṭ impōrṭ kōmpāni limiṭēḍ''), commonly known by its trade name BEXIMCO (Bangla: বেক্সিমকো) ( DSE: BEXIMCO CSE: BEXIMCO), is a Bangladeshi multinational conglomerate holding company, headquartered in Dhaka, Bangladesh. It was founded in the early 1970s. Beximco is Bangladesh's largest conglomerate, with the largest market capitalisation on the country's stock market. BEXIMCO's subsidiaries export products to 55 countries worldwide. It has retail outlets in South Asia and Eastern Europe. Beximco operates one of the largest integrated textile production businesses in Asia. Its main manufacturing base is the Beximco Industrial Park in Gazipur, Bangladesh. Beximco Pharma, the group's pharmaceutical producer, was the first Bangl ...
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Citibank Dhaka
Citibank, N. A. (N. A. stands for " National Association") is the primary U.S. banking subsidiary of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. The bank has 2,649 branches in 19 countries, including 723 branches in the United States and 1,494 branches in Mexico operated by its subsidiary Banamex. The U.S. branches are concentrated in six metropolitan areas: New York, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami. It was founded as City Bank of New York and became National City Bank of New York. It has had an important role in war bonds. It has had a role in international events including the U.S. invasion of Haiti. History Early history The City Bank of New York was founded on June 16, 1812. The first president of the City Bank was the statesman and retired Colonel, Samuel Osgood. After Osgood's death in August 1813, William Few became P ...
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Factory (trading Post)
Factory was the common name during the medieval and early modern eras for an entrepôt – which was essentially an early form of free-trade zone or transshipment point. At a factory, local inhabitants could interact with foreign merchants, often known as factors. First established in Europe, factories eventually spread to many other parts of the world. The origin of the word ''factory'' is ( pt, feitoria; nl, factorij; french: factorerie, ). The factories established by European states in Africa, Asia and the Americas from the 15th century onward also tended to be official political dependencies of those states. These have been seen, in retrospect, as the precursors of colonial expansion. A factory could serve simultaneously as market, warehouse, customs, defense and support to navigation exploration, headquarters or ''de facto'' government of local communities. In North America, Europeans began to trade with the natives during the 16th century. Colonists created f ...
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Niccolao Manucci
Niccolao Manucci (19 April 1638 – 1717) was a Venetian writer, a self-taught physician, and traveller, who wrote accounts of the Mughal Empire supposedly first-hand but with many details now considered doubtful. He also documented folk beliefs and customs of the period. Biography Niccolò Manucci was born in Venice to Pasqualino Manucci and Rosa née Bellin. He joined an uncle in Corfu as a teenager and went aboard an English ship to India. In Delhi he lived with Jesuit priests learning Persian and some medical knowledge. He sent a ring back home with instructions that it should be sold for books on medicine to be sent back to him. After several dubious attempts as a medical practitioner with lucky cures effected for some influential patients he seems to have managed to work as a physician in the court of the Mughals. In 1653, he was recruited as a servant and guide by Henry Bard, 1st Viscount Bellomont, envoy from Charles II of England to Abbas II of Persia and Shah Jahan. ...
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Muslin
Muslin () is a cotton fabric of plain weave. It is made in a wide range of weights from delicate sheers to coarse sheeting. It gets its name from the city of Mosul, Iraq, where it was first manufactured. Muslin of uncommonly delicate handspun yarn was handwoven in the Bengal region of South Asia and imported into Europe for much of the 17th and early 18th centuries. In 2013, the traditional art of weaving '' Jamdani'' muslin in Bangladesh was included in the list of Masterpieces of the Oral and Intangible Heritage of Humanity by UNESCO. History In 1298 CE, Marco Polo described the cloth in his book ''The Travels''. He said it was made in Mosul, Iraq. The 16th-century English traveller Ralph Fitch lauded the muslin he saw in Sonargaon. During the 17th and 18th centuries, Mughal Bengal emerged as the foremost muslin exporter in the world, with Mughal Dhaka as capital of the worldwide muslin trade. It became highly popular in 18th-century France and eventually spread ac ...
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Market Capitalization
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding. Since outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation. Description Market capitalization is sometimes used to rank the size of companies. It measures only the equity component of a company's capital structure, and does not reflect management's decision as to how much debt (or leverage) is used to finance the firm. A more comprehensive measure of a firm's size is enterprise value (EV), which gives effect to outstanding debt, preferred stock, and other factors. For insurance firms, a value called the embedded value (EV) has been used. It is ...
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