Asian Business Review
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Sustainability Challenges in Tourism Industries of Bangladesh: A Strategic Management Approach
Full text linkThe Bangladeshi tourism industry needs strategic management to achieve long-term growth and environmental, social, and economic sustainability. The research aims to identify the sustainability difficulties of Bangladesh’s tourism industry, evaluate their causes, and provide strategic remedies. Tourism’s environmental, socioeconomic, and managerial effects are assessed using secondary data from literature, government papers, and case studies. Significant results include ecological damage, overtourism, unequal economic advantages, and insufficient regulatory enforcement. Lack of community participation and technological integration in tourist management are also significant challenges. Ecotourism, community-based tourism, and innovative tourism technology can address these issues. A comprehensive National Sustainable Tourism Strategy, improved environmental enforcement, incentives for eco-friendly tourism, and increased community engagement in decision-making are needed. Sustainable tourism development in Bangladesh can be achieved by incorporating sustainability into national policy, fostering public-private partnerships, and empowering local communities through capacity-building initiatives. Bangladesh may utilize strategic management to promote tourism as a driver of economic growth, environmental preservation, and social development
Analyzing Stock Price Volatility: A Statistical Study of Three Listed Companies on the Dhaka Stock Exchange
Full text linkThis study focuses on the Dhaka Stock Exchange (DSE) volatility, employing GARCH (Generalized Autoregressive Conditional Heteroscedasticity) models and various statistical and mathematical methods to forecast the future volatility of selected companies. The analysis covers stock market volatility from January 2018 to June 2023, using the daily closing prices of Arab Bangladesh Bank Limited (ABBL), Bata Shoe Company (Bangladesh) Limited (BATA), and Jamuna Oil Company Limited (JOCL). The results indicate that the time series distribution of the companies\u27 daily returns exhibits non-stationary behavior with both positive and negative skewness. High volatility and rapid fluctuations are observed, particularly in ABBL and BATA compared to JOCL. The calculated standard deviation of BATA\u27s volatility highlights significant and unpredictable price movements 2022 (1.16%) and 2021 (0.73%). Finally, JOCL\u27s stock volatility has shown a declining trend over the past three years relative to the other two firms
Sustainable Business Startup at the Tourist Destinations of Bangladesh: A Popularity Study on Cox\u27s Bazar Sea-Beach
No full textThis study aims to propose a tourism-based startup at Cox\u27s Bazar Sea Beach, where products and services will be offered to tourists, with a focus on environmental sustainability. Trash left by tourists and fishing bycatches that wash up on the shore, polluting the environment, will be recycled and used in tourism facilities. For transportation, accommodation, and recreation facilities, eco-friendly measures will be taken. Moreover, the use of e-bikes, solar panels, and biodegradable, multi-use food packaging will bring a new dimension to this model. To gauge the popularity of the proposed startup, primary data have been collected from university students who have visited Cox\u27s Bazar Sea Beach at least twice so far. A five-point Likert scale questionnaire was developed in Google Form format, seeking data on tourists\u27 curiosity about eco-friendly transportation, accommodation, recreation, and food-serving initiatives. The data were analyzed using the Statistical Package for the Social Sciences (SPSS). The results revealed that most respondents are curious about Sustainable Business Startups at Cox\u27s Bazar Sea Beach, Bangladesh. The findings of this article can be helpful to investors in the tourism sector when allocating financial resources, and future researchers may gain insight into tourists\u27 perceptions of sustainable business practices at Cox\u27s Bazar Sea beach
Assessing the Role of Green Finance in Reducing Carbon Emissions: Evidence from Bangladesh
Full text linkGreen investment has emerged as a key driver of sustainable economic development globally, and Bangladesh is no exception. This study examines the impact of green finance on carbon emissions in Bangladesh, aiming to determine its contribution to building a greener economy. Using the Autoregressive Distributed Lag (ARDL) bounds testing approach with quarterly data from 2013 to 2023, the findings indicate that green financing has a significant positive impact on air quality by reducing carbon emissions. However, the positive effect of green-oriented foreign direct investment (FDI) on emissions reduction is moderated by overall economic growth, highlighting a tradeoff between growth and sustainability. These results suggest that Bangladesh must strengthen its green financing mechanisms and integrate environmental planning into development policies to ensure a sustainable transition toward a low-carbon economy
Measuring Consumers’ Attitude towards Food Labeling: A Study of Interest, Knowledge, Lifestyle, and Contextual View Point
Full text linkThe purpose of food labels is to provide consumers with information that may influence their purchasing decisions. For example, consumers may want to know the ingredients, manufacturing and expiration dates, price, storage requirements, nutritional information, etc. Accurate labeling is essential for informing consumers about the nature and characteristics of the food product and for influencing their purchase decisions. The study was conducted in Rangpur district, Bangladesh, in 2024 to determine how consumer interest, knowledge, lifestyle, and contextual factors affect consumer attitudes toward food labeling in purchase decisions. A total of 300 respondents were interviewed. Both primary and secondary data were used for the study. The questionnaire was developed using a five-point Likert scale. SEM-PLS software was used for data analysis. The SEM results indicated that consumer Knowledge, lifestyle, and Contextual factors were significantly and positively associated with food labeling
The Intersection of IoT, Marketing, and Cybersecurity: Advantages and Threats for Business Strategy
Full text linkThis paper examines how IoT, marketing, and cybersecurity affect current corporate strategy, including its benefits and drawbacks. The research examines how data-driven insights from IoT improve marketing tactics and the cybersecurity risks of linked devices. The research synthesizes secondary data to explore the dynamic interaction between IoT, marketing, and cybersecurity. The key results show that IoT helps organizations create targeted marketing campaigns using real-time data, but it also increases the attack surface, posing cybersecurity threats. Many IoT devices lack security and data privacy, which threatens corporate operations. The report also stresses integrating strong security measures into design, using adaptive security frameworks, and collaborating between marketing and IT departments. Policy implications include enterprises implementing more apparent cybersecurity principles and educating employees, while legislators should regulate data privacy, secure gadget manufacture, and cross-sector cooperation. This report emphasizes balancing innovation and security to maximize IoT-driven marketing tactics while minimizing cybersecurity concerns
Predicting Financial Distress in Bangladesh’s Private Commercial Banks: An Altman Z-Score Approach
Full text linkThe research study focuses on evaluating the financial distress of the private commercial banking industry in Bangladesh. This research focuses on 11 crisis-hit private commercial banks in Bangladesh, spanning the period from 2018 to 2023, and employs the Altman Z-score approach. The study applies key financial ratios, including working capital to total assets, retained earnings to total assets, operating earnings to total assets, and book value of equity to total liabilities, to examine financial soundness. The research has revealed that 10 out of 11 selected banks fall within the distress zone, with Bangladesh Commerce Bank Limited and National Bank Limited being the most distressed. Only one bank, under the Grey Zone, indicating financial instability but not immediate trouble, is Union Bank PLC. The primary reasons for financial instability are liquidity shortages and declining profitability, indicating a pressing need for improved risk management and regulatory guidelines. The researchers aim to provide policymakers, investors, and banking professionals with enhanced policy considerations and critical insights to mitigate risks and promote financial stability in Bangladesh\u27s private commercial banking sector. Future researchers should focus on all banks operating in Bangladesh and cover a broader range of data
Macroeconomic Determinants of Bangladesh’s Foreign Exchange Reserves: Evidence from Time Series Analysis
Full text linkThere is no denying that an optimal level of foreign exchange reserves is crucial for maintaining macroeconomic stability and achieving steady economic growth. Additionally, it can serve as a development tool by financing import payments and supporting essential development spending, making it a symbol of the country\u27s economic sustainability. This study utilizes monthly data from January 2008 to July 2022, sourced from the Bangladesh Bank, the central bank of Bangladesh, to examine the determinants of Bangladesh\u27s foreign exchange reserves. A standard time series approach was used, which involved testing for stationarity and selecting the appropriate lag length before applying the Johansen cointegration test to identify the presence and rank of cointegrating relationships. This study identified multiple cointegrating equations and, therefore, employed the Vector Error Correction Model (VECM) to investigate the long-term relationships among the variables. The results indicated that exports, remittances, and foreign direct investment have a positive influence on foreign exchange reserves, while imports and the exchange rate have a negative impact. Short-term dynamics and the error correction term (ECT) were also analyzed to demonstrate adjustment processes. Following the econometric analysis, diagnostic tests, including autocorrelation, normality, and stability tests, were performed. The results showed that autocorrelation and stability tests were satisfactory; however, only imports followed a normal distribution, as confirmed by the normality test. Based on these findings, this study recommends several policy measures to help Bangladesh maintain an optimal level of foreign exchange reserves. Since exports, remittances, and foreign direct investment positively affect Bangladesh’s foreign exchange reserves, efforts should focus on expanding these sectors through export diversification, improved support for remitters, and providing additional facilities or incentives to attract foreign direct investment.
JEL Classification Code: G 2
The Foreign Exchange Reserve and Economic Crisis: Evidence from Bangladesh
Full text linkThe paper attempts to reveal different aspects of Bangladesh\u27s ongoing foreign exchange reserve crisis. Data from the Bangladesh Bank shows why Forex reserves have recently decreased. Deferring payment during COVID, higher cost of imports, lower export revenue, and the devaluation of the Taka are a few of the factors. In the short term, the Government has acted exactly as it should have - capping the fancy tours, pampering the remitters, creating entry barriers for luxury products, scaling up exports, and attracting FDI. Its medium-term action includes bringing back illicit money that crossed borders to raise reserves. This study focuses on those aspects that are yet to be done. Production should be increased, and imports should be reduced further. Money laundering must be dealt with firmly. Increasing market supervision and keeping products reasonable are also essential for economic stability. Employment should be created through small industries; easy loans should be disbursed to promote self-employment. Significant sectors cannot be allowed to go bankrupt, and developing alternative export markets is also essential. Last but not least, it emphasizes supervising the actions of government employees at all levels to eliminate corruption. 
Exploring the Socio-economic Realities of Shatranji Workers in Rangpur
Full text linkThe Shatranji industry in Rangpur, Bangladesh, is a vital traditional craft and a Geographical Indication (GI) product, supporting around 50,000 families. This study examines the socio-economic conditions of Shatranji workers based on a qualitative survey of 115 workers, all of whom are women. The findings reveal that most workers are 30–40 years old, have limited education, and belong to low-income families. They earn modest wages, with the majority earning less than 100 takas daily, and live in poor housing conditions. Financial insecurity is widespread, with 67% of workers lacking savings or loans. Despite these challenges, there is a strong emphasis on education for their children. Unemployment rates within families are high, yet workers generally perceive their workplaces as safe. However, improvements in living conditions have been minimal, and nutritional intake remains inadequate. The study highlights the need for targeted interventions, including wage increases, job security, improved healthcare, and financial literacy programs. These recommendations aim to enhance the socio-economic status of Shatranji workers and ensure the sustainability of this culturally significant industry