Business & Economy of Bangladesh
A major garment factory in Bangladesh.
Image: Fahad Faisal
Bangladesh is one of the world's emerging and fastest-growing economies. The country has cut extreme poverty in half and achieved lower-middle-income status. Life expectancy, literacy rates and per capita food production have increased significantly. Its economy has grown roughly 6% per year since 2005 despite prolonged periods of political instability, poor infrastructure, endemic corruption, insufficient power supplies, and slow implementation of economic reforms. About 39 million people (23%) are still living below the national poverty line.
The economy of Bangladesh is largely dependent on agriculture, especially rice. However, the garment (RMG) sector of Bangladesh has become the largest earner of foreign exchange. RMG is the largest employer of women in Bangladesh. Garment exports, the backbone of Bangladesh's industrial sector, accounted for more than 80% of total exports and surpassed $25 billion in 2015.
Central Bank of Bangladesh
Official website offers national economic data, periodical reposts, currency museum, notifications, press releases.
Dhaka Stock Exchange
Official website of the Dhaka stock exchange.
Chittagong Stock Exchange
Bangladesh's second stock exchange, located in the port city of Chittagong.
Bangladesh Export Processing Zone Authority
BEPZA is a government agency whose mission is to manage the various export processing zones (EPZs) in Bangladesh.
Dhaka Chamber of Commerce & Industry (DCCI)
DCCI is the largest business chamber in Bangladesh.
Major Companies in Bangladesh
Small, medium and large family-owned conglomerates dominate Bangladesh's economy. Some of the important players are listed below.
Advanced Chemical Industries Ltd. is one of the large conglomerates in Bangladesh; it deals in pharmaceuticals, consumer brands, and agribusiness.
A.K. Khan & Company Ltd.
A.K. Khan & Company Ltd. is another big Bangladeshi conglomerate headquartered in Chittagong. A.K. does business in everything from insurance and finance to textiles, telecommunications and deep-sea fishing.
The Bashundhara Group, a large industrial conglomerate headquartered in Dhaka, owns more than 40 major companies in as many industrial sectors.
Computer Network Systems Ltd.
CNS is a Bangladeshi multinational provider of ICT Services to the government.
Bangladeshi industrial conglomerate is headquartered in Chittagong that produces and markets a variety of products and has business interests in textiles, aviation, cement, steel, real estate, insurance and banking.
PHP Family is a leading business conglomerate in Bangladesh. According to its website, PHP Ship Breaking and Recycling Industries Limited is the only ship recycling facility in Bangladesh that meets the requirements of the Hong Kong International Convention
PRAN Foods Ltd
PRAN Foods Ltd is Bangladesh's largest grower and processor of fruits and vegetables. PRAN-RFL Group is one of the largest conglomerates in the country and the largest agribusiness in Bangladesh.
PriyoShop.com is a Dhaka based eCommerce platform and online shopping site.
Walton is a Bangladeshi conglomerate based in Gazipur that manufactures electronics, computers, automobiles and telecommunications products.
List of companies of Bangladesh
Wikipedia list of companies based in Bangladesh.
English language Bangladesh Business Directory.
Biman Bangladesh Airlines
Biman Bangladesh Airlines is the national flag carrier of Bangladesh and the country's largest public limited company. The airline has its main hub at Shahjalal International Airport in Dhaka.
Novoair is based at Shahjalal International Airport and offers mainly domestic flights and a connection to Kolkata
Bangladeshi airline flies to some major cities in Asia and operates domestic flights between Dhaka, Cox's Bazar, and Chattogram (Chittagong).
US-Bangla Airlines is Bangladesh's largest private airline.
Bangladesh's leading private domestic airline ceased operations in March 2012.
The second private airline in Bangladesh ceased operations in 2016.
Bangladesh Railway is the state-owned railroad transport company of Bangladesh; it operates and maintains all railroads in the country.
Chittagong Port Authority
The Port of Chittagong is Bangladesh's main seaport. The port is located in Bandar Thana on the bank of the Karnaphuli River. The port city of Chittagong (officially Chattogram) at the Bay of Bengal handles about 90% of Bangladesh's export-import trade.
Matarbari Port is a deep-sea port under construction in Maheshkhali in Cox's Bazar District. The first deep-sea port of the country will be operational by the end of 2025.
Parabat Express train in Sylhet Railway Station. The Parabat Express intercity runs between Dhaka and Sylhet in northeastern Bangladesh.
Image: Ifthekhar Omer