“Comparative Analysis of Financial & Non-financial Performances of Fuel & Power & Engineering Companies of Bangladesh”
Bangladesh is important to world energy markets because of its large potential natural gas reserves. Bangladesh's location near India, plus southeast Asia, also makes it a potentially important regional energy trading hub. Bangladesh has encouraged foreign oil companies to do business in the country. At present, Shell, Texaco, Scotland's Cairn Energy PLC; Holland Sea Search, Unocal, Rexwood-Okland, and UMC Bangladesh Corporation are active in exploration under six Production Sharing Contracts (PSCs) partnership with Petrobangla .The Government of Bangladesh actively seeks foreign investment, particularly in the apparel industry, energy, power, and infrastructure projects. It offers a range of investment incentives under its industrial policy and export-oriented growth strategy with few formal distinctions between foreign and domestic private investors. Bangladesh has made gradual progress in reducing some constraints on investment, including the progress with ensuring reliable electricity, but inadequate infrastructure, limited financing capabilities, bureaucratic delays, and corruption continue to hinder foreign investment .This paper tries to understand and show the real picture of the Bangladesh Fuel, Power & Engineering sector financial and non-financial performance analysis. Corporate governance refers that conformity with rolls or standards, responsibility to someone or for some activity. Standards corporate governance major factor to acquire developed performance of an organization. It is also work to protective measure to assure share holders interest. To continue of organization performance in these terms corporate governance plays a vital role. Good corporate governance in fuel, power and engineering sector in Bangladesh practice corporate social responsibility thus a way serve simultaneously customers, employs, investors and society. It determined general measure of these companies financial condition over a specific duration of time. It is major features of economy that refer the competiveness of companies, evaluating performance of Fuel & Power & Engineering companies correctly understand their financial and non-financial status and future improvement.
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