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Offline bidita

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Re: Business News
« Reply #60 on: August 10, 2011, 07:27:44 PM »
                              7 ways to get an industry leader you don’t know to mentor you


Mentorship is a critical component for many successful entrepreneurs. No matter how smart you are – and how good your idea is – it’s always easier when you have someone who has been through it before (in some capacity).

I’ve previously written about how to capture the eye of a venture capitalist as a mentor, but sometimes it’s more advantageous to be under the wing of an industry leader. The problem is: Odds are you don’t know any.

I study mentorship in a method and magnitude method that helped me become one of Stanford’s first EIRs (entrepreneur in residence). Here are some morsels on how to secure a mentorship from those heads of industry – even when they don’t know you from Adam.

Move towards something specific – When you make a commitment, the universe moves with you. That might sound a little new-age-y, but I believe moving towards something specific helps a lot in achieving that goal – in this case, getting a mentor.

Put another way: Asking for general help is a turn off to potential mentors, just as generic questions will get you nowhere. Ask for specific help when you have the opportunity.

Target events where your potential mentor is a speaker – Important people want to look busy in public. They may say no to a coffee or a lunch date, but ask to walk them from the car to the conference (or vice versa) and you can have 12 minutes of one-on-one time.

These dozen minutes can be the equivalent value of four years of tuition at some colleges.

Get in late. Get out early. – Industry leaders (along with VCs) are pattern recognizers. The pattern you want to signal is person who executes and moves forward.

The way to achieve that is by getting into the conversation late (in other words, by just jumping in) and getting out early.

Recommend that they speak - Conference producers are looking for feedback from the people that pay to attend stuff. In an email tell the conference producer that you got value out of your parking lot walk with your soon-to-be mentor. Layer in that they should speak for 30 minutes to expand what it is that you learned from that same mentor. Even if you fail, you move forward.

Invite them to things – Important people like to say no to stuff and like to ignore invites.

But when they stop getting invited they go bezerk. Here is some insight… They can never get invited enough.

You should market yourself – You probably know this already. Heck, I hope you do! But not everyone knows how. The best way to do this is by:

    Closing emails with a pitch for mentorship
    Acquiring their cell phone number at live events
    Put their cell in the subject line. Or if you don’t have it — put yours in
    Have detailed subject lines that jive with your specific goal

Role-play interactions with real mentors – Before you call me insane, know that I stole this idea.

You should be able to almost guess what your mentor is going to say. Napolean Hill, in chapter 11 of “Think and Grow Rich,” had an entire board of dead people that comprised of his advisory board. He took actual meeting minutes of imaginary conversations with dead people.

Step one is imagining your interactions with real people. Step two is to confirm your guestimations of their advice via email. If you’re right, you’re on your way to securing a mentor..




http://venturebeat.com/2011/08/09/7-ways-to-get-an-industry-leader-you-dont-know-to-mentor-you/
Bidita Rahman :)
Id: 092-11-956
23rd batch
Department of Business Administration
School of Business
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latifa@diu.edu.bd

Offline ashiqbest012

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Re: Business News
« Reply #61 on: August 14, 2011, 07:28:17 AM »
BB brings back credit discipline
Credit-deposit ratio reaches safe limit in June



The credit-deposit ratio (CDR) of commercial banks came down to a safe limit in June, as the surplus inter-bank deposits were included in total deposits.

The banks increased deposits and reduced credit, trimming the CDR further, said an official of the Bangladesh Bank.

Commercial banks are not allowed to invest more than 85 percent of their deposits, while Islamic banks cannot exceed the 90 percent limit.

On June 30, the CDR of 43 local and foreign commercial banks fell to 79.68 percent from more than 85 percent in December last year. In many banks, the ratio was above 100 percent.

The banks' overall deposits increased by 11.22 percent on June 30, compared to six months ago. Credit fell 6.20 percent.

The banks included Tk 7,605 crore in the total deposits in June, according to the central bank.

The banks increased deposits aggressively, and every bank cut lending consciously, which pared down the CDR rate, said K Mahmood Sattar, president of the Association of Bankers Bangladesh.

He said a few banks could reap the benefit of inter-bank deposits but most of the banks' CDR fell as they reduced credit.

The BB set a deadline for the banks to bring down the CDR to the safe limit by June to restore credit discipline. The bank owners met with Prime Minister Sheikh Hasina with an appeal to relax the rules.

The central bank relaxed the rules and said the banks can calculate inter-bank deposits in their total deposits.

The CDR by state commercial banks was 72.9 percent on June 30. Those banks included Tk 4,580 crore inter-bank surplus deposits in their total deposits.

The CDR of the private commercial banks was 82.92 percent and they included Tk 2,992 crore in the inter-bank deposits, while that of foreign commercial banks was 76.96 percent and they added only Tk 32 crore in the inter-bank deposits.

Of the 30 private commercial banks, only nine included inter-bank deposits of over Tk 100 crore in their CDR.

Analysts held the banks' excessive investment in the stockmarket as one of the causes, which pushed share prices to an unsustainable high. The central bank had since the first half of 2009 warned banks against parking excessive money in stocks.

Some officials of the Securities and Exchange Commission, stockmarket leaders and influential businessmen piled pressure on the BB to let the banks pour money into the stockmarket.

A total of 47 banks made operating profits of Tk 16,486 crore in 2010, with Tk 2,504 crore coming from the stockmarket, according to the central bank statistics.

The BB discourages the banks from any risky investment in an effort to cut credit growth, the high official of the central bank told The Daily Star yesterday.

As part of its overall monetary policy, the central bank takes steps to bring down credit growth to control soaring inflation, the official said.

http://www.thedailystar.net/newDesign/news-details.php?nid=198530
Name: Ashiq Hossain
ID: 121-14-696 & 083-11-558
Faculty of Business & Economics
Daffodil International University
Cell:01674-566806

Offline ashiqbest012

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Re: Business News
« Reply #62 on: August 14, 2011, 07:34:02 AM »
Global markets rebound after rollercoaster week

Sunday, August 14, 2011



World stock markets finished a rollercoaster week on a high note Friday, with traders breathing easier but still jittery over the shock waves of slower growth, the US credit downgrade and eurozone debt fears.

One of the most volatile weeks on record saw panic selling, quickly replaced by opportunity buying, and then repeated again; some major stockmarkets plunged more than five percent in one session and then rose more than five percent the next.

At the end, in markets where the sparks to selling originated, in Europe and the United States, net losses were mostly relatively small -- with the exception with Frankfurt's Dax -- while in Asia markets paid more as collateral casualties.

"The pure exhaustion that was this week's market has left participants strained as volatility reigned supreme," said Kimberly DuBord at Briefing.com.

"The prevailing thought on Wall Street ... 'thank goodness it's Friday,'" she said.

For the week, the Dow Jones Industrial Average fell 1.5 percent, the S&P 500 1.7 percent and the Nasdaq 0.96 percent.

In Europe London's FTSE index stood out as a gainer, adding 1.39 percent, but the other markets tumbled: the CAC 40 lost 2.0 percent for the week, and the DAX, 3.8 percent.

In Asia the Nikkei tumbled 3.6 percent for the week, while the Hang Seng Index of Hong Kong gave up 4.3 percent.

The first spark to a huge selloff on Monday was Standard & Poor's controversial, historic downgrade of the US credit rating. That sent US stocks on their second plunge in three days -- after one the previous Thursday -- with an impact that was echoed around the world.

Markets thrashed around on Tuesday as new worries surfaced in Europe over the debt crisis possibly enveloping Italy and Spain, but mostly recovered their losses for the day on assurances from the European Central Bank, and the US Federal Reserve's pledge to keep interest rates ultra-low for two more years because of sagging economic growth.

But the Fed move bared the touchiness of the markets -- the Dow first rose, then plunged, and then rocketed back up on the rate news.

Wednesday more rumors in Europe, including that France might be downgraded in the wake of the United States, sent markets tumbling again; bank stocks were a focus of selloffs in both Europe and the US.

Thursday, the markets shot up again, as European authorities strained to calm the rumor mill while American traders turned their focus back to individual stocks and their valuations.

Finally on Friday, the markets held onto and added to the gains of the day before, helped by a ban of short sales of bank stocks in four European countries and reasonably positive data on consumer spending in the United States.

The turbulence sent investors and businesses fleeing to safe-havens, and gold pushed to a record high Thursday at $1,814.95, before dropping off to around $1,746 late Friday.

Investors also sought out the Japanese yen and Swiss franc, prompting interventions by Japan's and Switzerland's central banks to prevent further rises.

And despite the US downgrade, traders fled into US Treasury bonds, sending yields at one point Wednesday to historic lows. By the end of the week, the US benchmarket bonds were still hovering near their lowest yields ever.

While calm returned on Friday, all the sources of the jitters -- Europe's dubious capacity to get a hold onto its debt problems; Washington's ability to address the debt-and-deficit issues S&P singled out -- remained in the air.

"We've known about both problems for months ... Neither one of these things should have been a surprise," said Nicholas Colas of ConvergEx Group. "What we've learned this week is that anticipating events is not the same as discounting them."

Traders remain on edge, said Gregori Volokhine of Meeschaert New York.

"Swings of 300-400 points are really hard on the nerves of traders, investors, and the market confidence," he said.

He pointed the finger at poor political leadership, in Washington and in Europe, in dealing with economic and fiscal problems, and said next week's mini-summit between France's and Germany's leaders on the eurozone crisis could bring more calm.

"If we have evidence of a strong political will not just to cut deficits but also to battle a slowing economy, that will be better," he said.

http://www.thedailystar.net/newDesign/news-details.php?nid=198453
Name: Ashiq Hossain
ID: 121-14-696 & 083-11-558
Faculty of Business & Economics
Daffodil International University
Cell:01674-566806

Offline ashiqbest012

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Re: Business News
« Reply #63 on: August 17, 2011, 05:50:51 PM »

Wednesday, August 17, 2011

Default loans continued to rise in the second quarter -- by Tk 643 crore or 2.66 percent -- due to sluggish activities in the industrial sector and unhealthy competition among some private banks.

On June 30, banks recorded default loans of Tk 24,384 crore of their outstanding loans, up from Tk 23,752 crore on March 30, according to Bangladesh Bank statistics.

In the first quarter to March, default loans rose by Tk 1,043 crore or 4.59 percent.

In percentage, however, default loans went down slightly because of a rise in outstanding loans.

On June 30, the total amount of default loans was 7.14 percent of their outstanding loans -- down from 7.27 percent in March.

Default loans of all private commercial banks, state-owned commercial banks and foreign commercial banks increased, except for the specialised banks, but the rise was the highest among the private banks.

However, default loans of all the private banks, except two, were low -- below 5 percent.

In June, default loans of the state banks rose by Tk 125 crore compared to March, according to the central bank statistics. Such loans in state banks increased by Tk 592 crore and in the foreign banks by Tk 37 crore.

But default loans of the specialised banks went down by Tk 124 crore during the same period compared to that in March.

Krishi Bank Chairman Khondker Ibrahim Khaled said performance in the manufacturing and housing sectors slowed, which trapped the loans in these sectors.

He also said money of some banks, especially of the private ones, got stuck in the stockmarket after a fall in prices there. He said another reason for a rise in default loans may be the weakness of the banks in monitoring the loan recovery activities.

Due to an unhealthy competition, some banks do not put adequate efforts to realise default loans from some parties.

A senior executive of a private bank supported the views of Khaled, and said many customers do not pay loans timely and the banks concerned also do not put any pressure on them.

Khaled also said, in this context, if the BB approves some more new banks to be set up the unhealthy competition will rise. He said, instead of giving approval to new banks the central bank should intensify monitoring of the existing banks.

http://www.thedailystar.net/newDesign/news-details.php?nid=198942
Name: Ashiq Hossain
ID: 121-14-696 & 083-11-558
Faculty of Business & Economics
Daffodil International University
Cell:01674-566806

Offline Jalal

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Re: Business News
« Reply #64 on: August 17, 2011, 09:36:12 PM »
Infrastructure, energy situation improvement essential to attain targeted growth: MCCI
FE Report

Prospects for acceleration of economic growth, being buoyed up by investment activities that remain now far below the country's potential, will critically depend on efforts to remove the existing bottlenecks in physical infrastructural facilities and the persistent crisis in power and energy sectors.

This assessment has been made by the Metropolitan Chamber of Commerce & Industry (MCCI), Dhaka, one of the country's leading trade promotion organisations (TPOs), in its latest review of "Economic situation in Bangladesh."

According to the assessment by the MCCI, the actual increase in economy-wide investment, including foreign direct investment (FDI), will be contingent on "how quickly and effectively the government would ease the problems of power and energy sectors," notwithstanding the fact that there are "strong official commitments and efforts to find solutions" to the sectoral problems.

"Attaining the targeted 7.0 per cent gross domestic product (GDP) growth this year and 8.0 per cent in the next fiscal years will hinge upon the government's success in this area," it observed.

"Shortage of energy, in fact, now poses the biggest threat to Bangladesh's economic growth," the MCCI stated.

Despite the installation of some additional generation capacity and some increase in power production, the power situation did not improve much in quarter four (Q4) of fiscal year 2010-11 or FY11, as the production of power lagged behind the growing demand.

"The present demand for electricity is 6000 megawatt (mw), while actual generation varies between 4200 mw and 4800 mw. The estimated demand-supply gap currently is thus 1800 mw during peak hours. Gas shortage accounts for at least half of this gap. A total of 1922 mw of additional electricity has been added to the national grid since the present government took office in January 2009 but the shortfall remains because of higher demand. The highest electricity generation was recorded at 4890 mw on June 13 of FY11. To combat the acute power shortage, the government plans to increase power generation to around 7000 mw by 2013. Only 45 per cent households have access to national grid with the majority remaining out of the formal electricity supply system," the MCCI pointed out in its review.

The chamber recalled that the government formulated a merchant power plant policy for facilitating the entry of private enterprises to electricity business, especially in direct sale of electric power to the consumers from their plants, in order to break the monopoly in electricity business.

"These power plants use diesel and furnace oil for producing electricity and hence their cost is high and affects the competitiveness of user firms," it observed.

While noting that the Bangladesh economy performed reasonably well in FY11 posting a 6.7 per cent GDP growth -- well in excess of projections made by multilateral donor agencies and some local research bodies -- it stated that the agriculture sector depicted good growth, "but continuous government support with inputs and finance will be needed to sustain the sector's growth in the present fiscal."

"The production in the manufacturing sector has been improving steadily, although investment growth is still below the potential" because of many long lingering problems that continue to persist.

On the domestic front, output performance in agriculture, the chamber observed, continued to remain healthy. "Crop production during FY11 exceeded the previous year's production and also exceeded the annual production target, thanks to the record production of boro. Fisheries and livestock sub-sectors, too, depicted good growth."

"Within the broad industry sector, the performance of different sub-sectors was generally satisfactory. While large and medium scale industries are yet to regain the historically high growth rate witnessed in the middle of the 2010s, their recovery is well under way. In particular, manufacturing industries oriented to the domestic market have done better. With the expansion of small & medium enterprise (SME) loans by banks, production of SMEs has also increased considerably," it added.

According to the MCCI's review, the performance of construction, housing and water sub-sectors has improved while mining, electricity and gas sub-sectors lagged behind. A total of 1922 mw of additional electricity was added to the national grid since January, 2009.

"The services sector, overall, performed well. In particular, the telecommunications sub-sector depicted good growth buoyed by new FIDI and is expected to sustain the growth momentum with the introduction of new products and services."

About monetary and credit situation, the chamber noted that private sector credit increased significantly (24.3 %) during July-May of FY11. "Net credit to public sector also increased by about 22 per cent. Reserve money recorded a 13.5 per cent increase during July-May of FY11, resulting from the increase in Bangladesh Bank's (BB's) net domestic assets. Total liquid assets of scheduled banks stood higher at Tk 943.90 billion as on at the end of May, 2011, as against Tk 871.98 billion at end-June, 2010", it added.

"However, excess liquidity of scheduled banks", the MCCI pointed out, "stood lower at Tk 292.49 billion as on end May, 2011, as against Tk 344.98 billion at the end of June, 2010.

The MCCI pointed out that the level of public investment remained poor, despite the fact that revenue collection by the National Board of Revenue (NBR) improved significantly.

However, the ADP implementation performance in FY11 was slightly better than that of the previous fiscal, the chamber said.

Pointing out that public sector investment has a strong crowding-in effect on private investment, a speedier implementation of the ADP will be needed for boosting economic activities in the private sector, it pointed out.

On the external front, export trends, the chamber stated, remained strongly positive, growing by 43.9 per cent in the last quarter of fiscal 2011, compared to the corresponding quarter of the previous fiscal.

"In order to sustain the high export growth, top priority should be given to develop the physical infrastructure and improve the power situation, which are now the major constraints to export and economic growth," it said.

According to the assessment by the chamber, larger import payments and declines in foreign aid and remittances caused the depreciation of Taka.

"The inflation rate continued to rise, and BB had re-fixed the inflation target to 7.0 per cent for June, 2011 from the previously set target of 6.5 per cent. The actual annual average rate of inflation, however, rose to 8.7 per cent in May of FY11, well past the June, 2011 target", it noted.

The main factor behind the rise in overall inflation, according to the MCCI, was the rise in food prices, which increased continuously since May 2011


Offline Jalal

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Re: Business News
« Reply #65 on: August 17, 2011, 09:40:33 PM »

Capital market 'heart' of investment
FE Report

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has put thrust on a vibrant capital market.


"In the absence of a strong capital market, the GDP growth target of 7.0 per cent for FY12 will be difficult to achieve," the MCCI said in its latest review on the economy of Bangladesh.

"A strong capital market is essential to encourage the general people and the business community to invest in shares. Weak and fragile capital market retracts investment environment and directly or indirectly reduces and slows down economic growth, the prestigious chamber said.

It said capital market is the 'heart' of investment through which investors invest in shares of industries, financial institutions and other commercial organizations, and thus accelerates development and growth.

To strengthen and bring the much needed stability in the capital market, the FY12 budget adopted a number of measures. These include: i) TIN certificate for BO Account holder would not be mandatory; ii) there shall be no capital gain tax, as before, on the BO Account holders; iii) the rate of tax deductible at source for brokerage commission of stock brokers listed with SEC was increased from 0.05% to 0.10%; and iv) undisclosed money would be allowed for investment in the capital market as well as in treasury and infrastructure bonds on payment of a 10 per cent tax on the legalised income.

Commenting on industrial term loans, the MCCI said the disbursement of industrial term loans during Q3 increased by 22 per cent to Tk 75.64 billion from Tk 62.13 billion during the corresponding period of the previous fiscal year. The recovery of industrial term loans was Tk 68.57 billion during Q3 of FY11, which was 47 per cent higher than the recovery of Tk 46.51 billion during the same period of FY10.

The exchange rate of Taka per US$ rose to Tk 74.2329 as of June 30, 2011 from Tk 69.4100 at the end month of July, 2010. Taka thus depreciated by 6.95 per cent in FY11. This depreciation was due to the increased demand for foreign currency to finance current account transactions. Besides, BB is also providing overdraft (OD) facilities to the commercial banks to settle payment bills against import of essential items, including food grains, petroleum products and power plant equipment.

Offline ashiqbest012

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Re: Business News
« Reply #66 on: August 23, 2011, 07:15:52 AM »

বিদেশি সহায়তা কমেছে প্রায় ১৮%

 তারিখ: ২৩-০৮-২০১১



গত ২০১০-১১ অর্থবছরে বাংলাদেশ আশানুরূপ বিদেশি সহায়তা পায়নি। প্রতিশ্রুত অর্থ ছাড়ের পরিমাণ আগের বছরের চেয়েও কমে গেছে।
অর্থনৈতিক সম্পর্ক বিভাগ (ইআরডি) সূত্রে জানা গেছে, গত অর্থবছরে ১৭৭ কোটি ৭৩ লাখ ডলারের সমপরিমাণ অর্থ ছাড় করেছে দাতা দেশ ও সংস্থাগুলো। ২০০৯-১০ অর্থবছরে এর পরিমাণ ছিল ২১৬ কোটি ৪৪ লাখ ডলার। ফলে এক বছরের ব্যবধানে বিদেশি সহায়তাপ্রাপ্তি কমেছে প্রায় ১৮ শতাংশ।
বিদেশি সহায়তার মধ্যে ঋণ হিসেবে পাওয়া গেছে ১০৫ কোটি ডলার আর অনুদান হিসেবে মিলেছে ৭২ কোটি ৬৬ লাখ ডলার।
অবশ্য ইআরডি কর্মকর্তারা জানান, এটি সাময়িক তথ্য। পূর্ণাঙ্গ তথ্য এলে বিদেশি সহায়তাপ্রাপ্তির পরিমাণ ১৮০ কোটি ডলার ছাড়িয়ে যাবে।
গত অর্থবছর পদ্মা সেতু নির্মাণে অর্থ সহায়তার প্রতিশ্রুতিসহ দাতারা মোট ৫৯২ কোটি ডলারের সহায়তা দেওয়ার প্রতিশ্রুতি দিয়েছিল। এর মধ্যে পদ্মা সেতু নির্মাণের জন্য ২৩৭ কোটি ডলার রয়েছে।
এদিকে গত ২০১০-১১ অর্থবছরে বাংলাদেশকে প্রায় ৯১ কোটি ১৩ লাখ ডলার সুদসহ আসল পরিশোধ করতে হয়েছে। এর মধ্যে আসল ৭২ কোটি ৪০ লাখ ডলার। আর সুদ হিসেবে পরিশোধ করতে হয়েছে ১৮ কোটি ৬৪ লাখ ডলার।
সে হিসাবে বলা যায়, বাংলাদেশকে প্রাপ্ত বিদেশি সহায়তার প্রায় অর্ধেকই আগের গৃহীত ঋণ ও সুদের জন্য ব্যয় করতে হচ্ছে।
আবার আগের ঋণের আসল পরিশোধ বাদ দিলে গত অর্থবছর প্রকৃত বা নিট বিদেশি সহায়তার পরিমাণ দাঁড়ায় প্রায় ১০৫ কোটি ডলার।
পরিসংখ্যান থেকে আরও দেখা যায় যে ২০০৯-১০ অর্থবছরে ২১৬ কোটি ৪৪ লাখ ডলারের মোট সহায়তার বিপরীতে বকেয়া ঋণের আসল বাবদ ৬৮ কোটি ৭৪ লাখ ডলার পরিশোধ করতে হয়েছিল। ফলে প্রকৃত সহায়তার পরিমাণ ছিল ১৪৭ কোটি ৭০ লাখ ডলার।
কে কত দিল: গত ২০১০-১১ অর্থবছরে সবচেয়ে বেশি অর্থ ছাড় করেছে এশীয় উন্নয়ন ব্যাংক (এডিবি)। এডিবি তাদের ৯১ কোটি ৩০ লাখ ডলারের প্রতিশ্রুতির বিপরীতে ৪৩ কোটি ৪৭ লাখ ডলার ছাড় করেছে ঋণ হিসেবে।
অন্যদিকে বিশ্বব্যাংক থেকে পাওয়া গেছে ৪২ কোটি ১৪ লাখ ডলার। তবে এই সংস্থাটির প্রদেয় প্রতিশ্রুতি ছিল সবচেয়ে বেশি ২০৪ কোটি ডলার।
এ ছাড়া ৬৪ কোটি ২৪ লাখ ডলারের প্রতিশ্রুতির বিপরীতে জাপান ১০ কোটি ৭৬ লাখ ডলার ছাড় করেছে। দক্ষিণ কোরিয়া ১৯ কোটি ডলার প্রতিশ্রুতির বিপরীতে শেষ পর্যন্ত ঋণ দিয়েছে মাত্র চার কোটি ৭০ লাখ ডলারের।
অন্যদিকে অনুদান হিসেবে সবচেয়ে বেশি ১০ কোটি ৫০ লাখ ডলারের সমপরিমাণ অর্থ ছাড় করেছে জাতিসংঘের সংস্থাগুলো। এ ছাড়া এডিবি ১০ কোটি ৪০ লাখ ডলার, বিশ্ব খাদ্য কর্মসূচি (ডব্লিউএফপি) ১০ কোটি ৩০ লাখ ডলার, যুক্তরাজ্যের ইউকেএইড নয় কোটি ৬৬ লাখ ডলার, আইডিএ ৯০ লাখ ডলার অনুদান হিসেবে দিয়েছে।
বেশি বিদেশি সহায়তা ছাড় করতে সরকারের প্রকল্প বাস্তবায়ন সক্ষমতা বাড়ানো প্রয়োজন বলে মনে করেন বাংলাদেশ উন্নয়ন গবেষণা প্রতিষ্ঠানের (বিআইডিএস) মহাপরিচালক মোস্তফা কে মুজেরী।
মোস্তফা কে মুজেরী বলেন, ‘গত অর্থবছরের শুরু থেকেই বিদেশি সহায়তা প্রবাহ কমছে। এই পরিস্থিতি সরকারকে ব্যাংক-ব্যবস্থা থেকে বেশি ঋণ গ্রহণে বাধ্য করছে।’
মুজেরী বলেন, সরকারকে বিদেশি সহায়তা-প্রবাহ বাড়ানোর বিষয়টি খুব গুরত্বের সঙ্গে বিবেচনা করতে হবে। বিশেষ করে বিদেশি সহায়তাপুষ্ট অবকাঠামো প্রকল্পগুলোর দিকে নজর দিতে হবে। এসব প্রকল্প বাস্তবায়ন বিলম্বিত হলে ষষ্ঠ পঞ্চবার্ষিক পরিকল্পনার লক্ষ্য অর্জন বাধাগ্রস্ত হতে পারে।

http://www.prothom-alo.com/detail/date/2011-08-23/news/180267
Name: Ashiq Hossain
ID: 121-14-696 & 083-11-558
Faculty of Business & Economics
Daffodil International University
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Re: Business News
« Reply #67 on: August 23, 2011, 07:27:56 AM »

Banks rein in credit growth

Tuesday, August 23, 2011



Commercial banks lowered the credit growth to almost half of their deposits in the six months through June, thanks to the central bank's efforts to put a leash on loans.

Banks' deposits rose 11.22 percent to Tk 4,14,053 crore on June 30 from December 31 last year. Credit increased 6.02 percent to Tk 3,36,223 crore in the same period, according to data from Bangladesh Bank.

Banks seem to have returned from aggressive banking, putting brakes on credit expansion.

K Mahmood Sattar, president of Association of Bankers, Bangladesh, said the banks have consciously reduced their credit.

A Pubali Bank official said the central bank took steps to cut credit growth. Many banks were compelled to lower their credit to correct mismatches in fund management.

In an effort to control credit growth, Bangladesh Bank raised repo and reverse repo interest rates by 225 basis points in four steps in the last one year. It also raised the cash reserve ratio for banks by 50 basis points in December 2010.

The central bank's Monetary Policy Statement released in July also said BB's supervisory and credit policy steps to rectify unbalanced lending practices in banks included monitoring and enforcing of prudent advance deposit ratios and good forward looking liquidity management.

The banking regulator took measures to cut the banks' exposure to risky investments, including stocks and discouraged the banks from giving loans to unproductive sectors.

Besides, BB withdrew the lending cap, except for thrust sectors, resulting in a substantial increase in the rate of interest on bank loans.

The average rate of interest on loan was 11.23 percent in June last year, which rose to 12.17 percent in May this year.

A senior vice president of United Commercial Bank said banks took effective steps to increase deposit, as they faced a liquidity crisis. They increased the interest rate on deposits on one hand, and introduced a series of deposit schemes with attractive offers on the other.

The average interest rate on deposits increased to 7.24 percent in May, compared to 5.95 percent in June last year, according to the central bank statistics.

Credit outpaced deposit growth at some state and foreign banks. The deposit of state commercial banks increased by 10.01 percent and credit went up 13.99 percent.

In line with the government policy, state banks had to give loans to many government agencies, including Bangladesh Petroleum Corporation, said an official of Agrani Bank that gave the largest amount to the state fuel distributor. The result was, credit growth outstripped deposits.

But the deposits of private commercial banks rose by 12.16 percent and credit by 5.56 percent in the six months through June.

http://www.thedailystar.net/newDesign/news-details.php?nid=199781
Name: Ashiq Hossain
ID: 121-14-696 & 083-11-558
Faculty of Business & Economics
Daffodil International University
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Re: Business News
« Reply #68 on: August 27, 2011, 08:25:08 PM »
Bank's Contractor Rates Exposed


Staffing firm Hays is in hot water with Royal Bank of Scotland (RBS) after a staffer sent out an email with full pay details of 3,000 contractors at the bank, according to CIO.co.uk. The bank has been shedding IT workers and back-office staff in droves, yet the email showed some of the contractors were making up to £2,000 (US$2,875) a day.


The email was sent to 800 staffers at the bank, though about half were retrieved before they were opened. The bank stressed that no bank account details were compromised. It also has not said whether it will continue working with Hays, according to SearchSecurity.co.uk.

The trade union Unite reacted angrily to the rates being paid to temporary workers.

Reference:::: http://www.itbusinessedge.com/cm/community/news/sou/blog/banks-contractor-rates-exposed/?cs=48465
« Last Edit: August 27, 2011, 08:29:28 PM by bidita »
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Re: Business News
« Reply #69 on: September 05, 2011, 09:22:05 AM »
Do we need defined hours of work any more?

By now, most people who work in the developed world have gotten used to the idea that the old nine-to-five routine is gradually becoming a thing of the past; plenty of people have shifts that start and end at different times, or they use job-sharing and other forms of flex-time. Some don’t even have traditional jobs at all any more, thanks to the evolution of the “gig economy” and the increase in freelancing. All of which raises a question that seems even more appropriate with Labor Day around the corner: Are defined hours of work an anachronism that’s holding us back? Or is the freedom to work whenever we want something still reserved for a select few, and/or a trap that causes us to work more rather than less?

Flexible work is something that seems increasingly popular with programmers and other online workers, for reasons that Zach Holman of the software repository GitHub described in a recent post on the GitHub blog, entitled “Hours Are Bull****.” Holman said that for most of the staff who work on the service, there are no defined working hours whatsoever — everyone is on their own schedule and they work whenever they need to in order to solve the problems that need to be solved. As he puts it:

    Hours are great ways to determine productivity in many industries, but not ours. Working in a startup is a much different experience than working in a factory. You can’t throw more time at a problem and expect it to get solved. Code is a creative endeavor… We want employees to be in the zone as often as possible. Mandating specific times they need to be in the office hurts the chances of that.

Unstructured work is not for everyone


That kind of approach, which management consultants like to call a “results-oriented workplace,” might be fine for a creative endeavor like programming or design, or even for businesses (like GigaOM’s) that involve brain-powered work such as writing. But does it make any sense for other companies and industries? When Holman’s article got passed around in our office, my colleague Stacey said that this view of unstructured work only works for certain people — people without children, for example (who often have fairly rigid schedules governed by school, etc.) or other obligations that require them to work on something closer to a nine-to-five schedule.

Others argued that a less-structured schedule actually makes these things easier to handle rather than harder, since workers can leave whenever is necessary rather than waiting for the whistle to blow at 5.

Although there is plenty of research that shows both workers and companies benefit when hours are more flexible, not everyone — regardless of what business they work in — is going to want to work a totally unstructured schedule. And for some people, a specific routine isn’t just something that they need for external reasons: A job without defined parameters might actually increase the stress they feel, and therefore make them less productive or efficient. (A friend I know used to put on a suit and then walk down the hall to his office at home, just to simulate working in a regular workplace, because he needed the discipline.)

There’s another risk Holman’s description of the new unstructured workplace brings up, something we’ve written about a lot at GigaOM, and that is the impact that this can have on the “work-life balance” of employees. Says Holman:

    By allowing for a more flexible work schedule, you create an atmosphere where employees can be excited about their work. Ultimately it should lead to more hours of work, with those hours being even more productive. Working weekends blur into working nights into working weekdays, since none of the work feels like work.

If you can work any time, you can work all the time

But if it doesn’t feel like work and you can do it any time, how do you ensure you’re not working all the time? This is an issue that has been exacerbated by our increasingly always-on, always-connected, mobile-device-carrying culture. Knowledge workers of all kinds find themselves answering emails or responding to text messages at all hours of the day and night, working on weekends, and so on. And the increasing globalization of many industries has just accelerated this phenomenon, since some staffers or contract workers may be in completely different time zones.

In some ways, this requires more discipline on the part of the worker themselves: to set boundaries and say that he or she won’t be available at certain times, or to turn off devices during meals and on weekends. It’s something I and others at GigaOM have written about in the past, and something that remains an ongoing struggle. If your work is also something you enjoy doing, then your work can expand to fill virtually every available moment if you let it. But in the long run, that’s not good for employees or companies.

One thing is clear, however: This phenomenon isn’t going away; if anything, it is increasing, as more work becomes knowledge work, and as more companies try to adapt to a cloud-based and global world (flexible hours and an increase in freelance or contract work also has real benefits for companies in terms of lower costs, some of which are pushed down to the individual worker, such as the cost of health benefits).
When work is anywhere, companies need to change too

Companies like VMWare are trying to help figure out how the nature of work changes when it occurs in “the cloud” and the workforce moves toward what CEO Paul Maritz calls the “post-document era.” Instead of sitting at desks moving paper around, more people are working in ways that are difficult to define, that involve streams of information that don’t start or stop at specific times. And companies like Rypple are trying to re-engineer the human-resources requirements in that kind of workplace, so that measuring performance isn’t done once a year or every six months, but in something close to real time, using social tools that make more sense for such an environment.

Some companies have taken the unstructured work idea to its logical conclusion when it comes to traditional institutions such as vacation: Netflix has what it calls an “unlimited vacation” policy, which allows workers to take time whenever they need it, provided they arrange to have their work completed when necessary. Social Media Group, a Toronto-based consulting firm, is another that has taken this approach — one that CEO Maggie Fox described in a recent blog post.

The death of the nine-to-five workplace may not suit everyone, and a completely unstructured work schedule may not become the norm for all industries any time soon, but there’s no question that it is increasingly common. And adapting to it is going to require different skills — not just from employees, but from the companies that employ them.


http://gigaom.com/2011/09/02/do-we-need-defined-hours-of-work-any-more/
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Re: Business News
« Reply #70 on: September 10, 2011, 01:58:14 AM »
7 Jobs That Are Making Thousands of Workers Sick

Every year, people in the United States become ill as a result of occupational hazards. Workers exposed to asbestos can develop cancer. Coal miners can get black lung disease. Some of these diseases can be fatal, even when properly treated. 24/7 Wall St. identified some of the most common jobs that have a high risk of sickness, and the diseases and ailments associated with them.

Although many of these risks are well documented, many workplaces still fail to properly protect workers. Incidence of mesothelioma, the cancer caused by asbestos exposure, dropped sharply once the risk was understood. Exposure, however, still persists. It takes decades to address other risks.

The Great Jobs Debate: An Atlantic/McKinsey Report

Formaldehyde was classified as a carcinogen by the National Toxicology Program just this past June. The chemical has been known to cause cancer since the 1970s, but the official designation has been fought for years by the chemical industry. People who work with formaldehyde, such as morticians, have been known for a number of years to have higher rates of leukemia than those who are not exposed to it. According to a recent article in The New York Times, the industry appears reluctant to change its practices to better protect against it.

24/7 Wall St. identified many of the most common diseases that are related to occupation hazards, including cancer, lung disease and heart disease, according to the Centers for Disease Control and Prevention and other scientific studies of disease in the workplace. Using the Bureau of Labor statistics, we identified eight professions with exceptionally high rates of certain illnesses. Each of the occupations is listed with its respective long-term risk and its median annual wage.


please go through to read more

http://www.theatlantic.com/business/archive/2011/09/7-jobs-that-are-making-thousands-of-workers-sick/244618/#slide2
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Re: Business News
« Reply #71 on: September 10, 2011, 10:25:04 PM »
Five private companies to receive $192.53 million foreign loans


Five private companies are allowed to receive loans worth over US$192 million from overseas sources for expansion of their businesses, officials said.

The loans were approved at a meeting of the scrutiny committee on foreign borrowing, held at the central bank in the capital Dhaka on Thursday with Bangladesh Bank (BB) Governor Atiur Rahman in the chair.

"We've given approval to the companies' loan proposals for a total of $192.53 million that would be used for expansion of their businesses," a BB senior official told the FE.

The companies are Axiata (Bangladesh) Limited, Mundipharma (Bangladesh) Limited, Khulna Power Company Limited, United Airways (BD) Limited and Abul Khair Steel Melting Limited.

The BB official also said the committee has given consent, in principle, for completing the negotiations for loans for Summit Bibiyana-I and Summit Bibiyana-II Power projects, worth US$ 264 million.

Axiata (Bangladesh) Limited, which operates under brand name Robi, is set to get a loan worth US$30 million from Standard Chartered Bank (SCB) London for purchasing equipments to expand its network across the country.

"The Robi will use the fund for purchasing equipment to upgrade and expand its network across the country," another BB official said.

Robi is a joint venture company between Axiata and NTT DoCoMo of Japan. The company commenced operation under the Aktel brand on November 15, 1997 and embarked on a new journey with the brand name of Robi on March 28, 2010.

The United Airways is set to receive $21.75 million from a Singapore-based leasing company to purchase two new aircrafts, the BB officials said.

Launched on July 10, 2007, the United Airways (BD) Limited has some 500 shareholders, 95 per cent of whom are non-resident Bangladeshis (NRBs) living in the United Kingdom.

Khulna Power Company Limited will get loans worth $50 million from two state-owned investment companies the Germany and the Netherlands, the central bank officials said.

Abul Khair Steel Melting Limited will be able to avail itself of the overseas loans, worth $90 million from two state-owned investment companies in Germany and the Netherlands to expand its production capacity through installation new capital machinery, they added.

Mundipharma (Bangladesh) Limited will receive $0.785 million as foreign loans to implement its project in Bangladesh.

The central bankers also said the highest rate of interest in the cases of the approved loans is six-month LIBOR+4.00 per cent, meaning an effective interest rate at a level of 4.40 per cent.

"Such foreign financing will be helpful to keep the country's foreign exchange market stable. It will also help to improve the country's balance of payments situation," the BB official noted.
BBN/SSR/AD-09Sept11-3:08 pm (BST)
http://www.businessnews-bd.com/index.php?option=com_content&view=category&layout=blog&id=36&Itemid=27
Md. Abul Hossain Shajib.
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Re: Business News
« Reply #72 on: September 10, 2011, 10:32:41 PM »
:: International tender for onshore blocks soon ~

Due to slow progress on the hydrocarbon exploration in the country's offshore blocks, the Petrobangla is expected to float international tender for onshore blocks soon.

Prime Minister Sheikh Hasina who is also in charge of the Ministry of the Power, Energy and Mineral Resources directed the Petrobangla Chairman Prof Hossain Monsoor Saturday to take necessary steps in this regard.

Hossain Monsoor said, I am proceeding my own way following the directive of the PM in this regard."

He hoped that Petrobangla would be able to resolve the legal issue regarding onshore bidding.

Energy and Mineral Resources Division has already started a process to move ahead with its plan to invite the bidding for onshore gas blocks to reduce the country's gas crisis.

The daily gas production of the country is now 1900 million cubic feet per day against the demand for 2,300mmcfd.

High Court imposed an embargo on invitation of international tender on the onshore gas blocks, which remains the main barrier to onshore gas search.

Earlier, there was court embargo on both offshore and onshore gas block biddings. During the BNP-led alliance government, the court had imposed the ban.

Later, the High Court withdrew the ban after a move by the caretaker government in 2007. The court allowed the government to invite international bidding for offshore gas blocks, but the embargo on onshore gas block bidding still remains.

"We have moved several times to the Attorney General Office (AGO) regarding the case in the High Court so that the embargo is lifted," a official of the Energy and Mineral Resources Division told The New Nation earlier.

The AGO office has responded positively to the matter, he said.

The country's onshore and offshore areas were divided into 23 blocks following the publication of the National Energy Policy and held the first international bidding for hydrocarbon exploration in the onshore and offshore areas in 1993.

Eight blocks were awarded to different IOCs. Among them, Occidental obtained Blocks 12, 13 and 14, Cairn Energy received Blocks 15 and 16, Oakland/Rexwood got Blocks 17 and 18, and United Meridien received Block 22.

The second round of PSC award was held in 1997, under which a number of contracts were signed by 2001 and the major blocks awarded to some IOCs. Of those, Block 9 was jointly awarded to Tullow, Chevron, Texaco and BAPEX, while Blocks 5 and 10 were awarded to Shell, Cairn and BAPEX, and Block 7 to Unocal, now Chevron and BAPEX.

The state-owned BAPEX was kept as joint operator in all the blocks as mandatory with the IOCs. Through the two bidding rounds held in 1993 and 1997, ten production sharing contracts (PSCs) were signed with a number of international oil companies (IOCs) for 12 blocks.

Out of these, three PSCs have already expired. Currently, seven PSCs are active in 10 blocks.

In the third round international bidding, the country's offshore area was divided into 28 new blocks. In February 2008, the caretaker government invited the international bidding for the 28 new offshore blocks under a newly prepared model PSC (production sharing contract)-2008.

Of the new 28 blocks, eight are shallow water blocks and the remaining 20 deep sea blocks.

In the third round bidding, seven IOCs have submitted bids for 15 blocks. After the evaluation of the bids, finally three blocks were awarded to two IOCs.

Deep sea block 10 and 11 are selected to be awarded to the US-based ConocoPhillips while shallow water block 5 selected for Irish company Tullow.

After primary discussion, Tullow wanted to include the disputed areas of block-5 while the ConocoPhillips sought eight blocks including the disputed areas which it got during the caretaker government.

source: http://www.bizbangladesh.com/business-news-2787.php
Md. Abul Hossain Shajib.
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Re: Business News
« Reply #73 on: September 25, 2011, 12:36:42 AM »
আগস্টেও মুদ্রাস্ফীতির ঊর্ধ্বগতি

ঢাকা: গত আগস্টে খাদ্য সূচকে মুদ্রাস্ফীতির হার সামান্য কমলেও খাদ্য-বহির্র্ভূত খাতে মুদ্রাস্ফীতি বেড়েছে। শহর ও গ্রামীণ এলাকায় খাদ্য ও খাদ্য-বহির্ভূত খাতে মুদ্রাস্ফীতির চিত্র একই। মুদ্রাস্ফীতি খাদ্য সূচকে কমেছে, বেড়েছে খাদ্য-বহির্ভূত খাতে।

গত মাসে ঈদের কারণে খাদ্য-বহির্ভূত পণ্যের চাহিদা বৃদ্ধি পাওয়ায় এ খাতে মুদ্রাস্ফীতি তুলনামূলকভাবে বেড়েছে বলে মনে করছেন সংশ্লিষ্টরা। এ কারণে সার্বিক মুদ্রাস্ফীতির গতি আগস্টেও ঊর্ধ্বমুখী।

এ পরিস্থিতিতে সম্প্রতি জ্বালানি তেল ও গ্যাসের মূল্যবৃদ্ধি আগামীতে মুদ্রাস্ফীতিকে আরো উসকে দেবে Ñএমনটাই আশঙ্কা করছেন ভোক্তারা।

বাংলাদেশ পরিসংখ্যান ব্যুরো’র হিসেব অনুযায়ী, পয়েন্ট টু পয়েন্ট ভিত্তিতে আগস্টে মুদ্রাস্ফীতির হার দাঁড়িয়েছে ১১ দশমিক ২৯ শতাংশ। গত জুলাইয়ে এই হার ছিল ১০ দশমিক ৯৬ শতাংশ।

এর আগে গত জুনে পয়েন্ট টু পয়েন্ট ভিত্তিতে মুদ্রাস্ফীতির হার ছিল ১০ দশমিক ১৭ শতাংশ।

প্রাপ্ত তথ্য অনুযায়ী, আগস্টে খাদ্য সূচকে মুদ্রাস্ফীতি দাঁড়িয়েছে ১২ দশমিক ৭০ শতাংশ। এটা এর আগের মাসে ছিল ১৩ দশমিক ৪০ শতাংশ এবং জুনে ছিল ১২ দশমিক ৫১ শতাংশ। গত অর্থবছরে গড় খাদ্য মুদ্রাস্ফীতি ছিল ১১ দশমিক ৩৪ শতাংশ।

অন্যদিকে আগস্টে পয়েন্ট টু পয়েন্ট ভিত্তিতে খাদ্য-বহির্ভূত খাতে মুদ্রাস্ফীতি ২ দশমিক ৩০ শতাংশ বেড়েছে। আগস্টে খাদ্য-বহির্ভূত খাতে মুদ্রাস্ফীতি দাঁড়িয়েছে ৮ দশমিক ৭৬ শতাংশ। জুলাইয়ে এ হার  ছিল ৬ দশমিক ৪৬ শতাংশ। এর আগে জুনে এটা ছিল ৫ দশমিক ৭৩ শতাংশ। গত অর্থবছরে খাদ্য-বহির্ভূত খাতে গড় মুদ্রাস্ফীতি ছিল ৪ দশমিক ১৫ শতাংশ।

আগস্টে শহরে ও গ্রামে খাদ্য সূচকে মুদ্রাস্ফীতির হার কমে দাঁড়িয়েছে যথাক্রমে ১২ দশমিক ৯৪ শতাংশ এবং ১২ দশমিক ৫৯ শতাংশ। জুলাইয়ে এটা ছিল শহরে ১৩ দশমিক ১২ শতাংশ এবং গ্রামে ১৩ দশমিক ৫৩ শতাংশ।

অন্যদিকে আলোচ্য মাসে শহরে ও গ্রামে খাদ্য-বহির্ভূত খাতে মুদ্রাস্ফীতি বেড়ে দাঁড়িয়েছে যথাক্রমে ৮ দশমিক ৮০ শতাংশ এবং ৮ দশমিক ৭৪ শতাংশ। জুলাইয়ে এটা ছিল শহরে ৭ দশমিক ৩২ শতাংশ এবং গ্রামে ৬ দশমিক ১৪ শতাংশ। 

Source : www.banglanews24.com
Golam Kibria
ID:101-11-1373 (BBA)
Asst.Offic, Bangladesh Skill Development Institute
Ex.Lecturer,SEBGC
Email : golam_1373@diu.edu.bd
http://www.golamkibria.com
Mob:01843674226
Digital University: http://www.daffodilvarsity.edu.bd
Bangladeshi Poems, Novels and history: http://www.trulybangladesh.com

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Re: Business News
« Reply #74 on: September 25, 2011, 02:15:23 PM »
posts are always containing rich informations.