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হাজারো সমস্যার মাঝে এগিয়ে যাচ্ছে বাংলাদেশ।
কেউ কেউ শুধু সমস্যা দেখলেও আমরা দেখি সম্ভাবনা।
ড্যাফোডিল বিশ্ববিদ্যালয়ের ইনোভেশন অ্যান্ড এন্ট্রাপ্রেনারশিপ বিভাগের এক দল স্বপ্নবাজ তরুণ তরুণী স্বপ্ন দেখে সম্ভাবনার বাংলাদেশের।

যেখানে সব ভাষায় আশার কথা বলে।

শ্রদ্ধা সকল ভাষা শহীদের প্রতি।

Promo Video

ডিজিটাল অর্থনীতির এই যুগে ব্লকচেইন প্রযুক্তির প্রভাব দিন দিন বাড়ছে। এর প্রভাবে দক্ষিণ-পূর্ব এশিয়ার বিভিন্ন দেশ নানা নীতিমালা তৈরি করছে। এসব কারণে ব্যবসা ও অন্যান্য সেক্টরে ব্লকচেইনের জনপ্রিয়তা দিন দিন বাড়ছে। সিভিসোর্স নামের একটি প্রতিষ্ঠান বলছে, দক্ষিণ-পূর্ব এশিয়ায় ব্লকচেইন সম্পর্কিত উদ্যোগগুলোর মূলধন প্রায় ৩০ শতাংশের কাছাকাছি। এটা অন্যান্য উদ্যোগের মূলধনের তুলনায় বেশ খানিকটা বেশি....

লিখেছে নাহিদুল ইসলাম

শিক্ষার্থী, ইনোভেশন অ্যান্ড এন্ট্রাপ্রেনারশিপ বিভাগ, ড্যাফোডিল ইন্টারন্যাশনাল ইউনিভাসির্টি

র্টআপ ইনকিউবেটরের সাথে আমরা মোটামুটি সবই কমবেশি পরিচিত।

বাংলাদেশে বেশকিছু ইনকিউবেটর আছে যারা স্টার্টআপ গুলোকে সাপোর্ট করছে বিভিন্ন ভাবে।

সাউথইস্ট এশিয়াতে এমন অনেকগুলি ইনকিউবেটর আছে, যারা অলমোস্ট সব সাইজের স্টার্টআপ/কোম্পানি কে সাপোর্ট করছে।

আমার ইনোভেশন অ্যান্ড এন্ট্রাপ্রেনারশিপ ডিপার্টমেন্টের ছেলেমেয়েদের বললাম, বেস্ট কিছু ইনকিউবেটর ও তাদের কার্যক্রম নিয়ে নিউজ রিপোর্ট করতে।

যেমন প্ল্যান, তেমনি কাজ শুরু।

পর্ব ১
ইনকিউবেটর: আইডিয়া স্পেস (ফিলিপাইনভিত্তিক একটি সংস্থা)

লিখেছে এজাজ
শিক্ষার্থী, ইনোভেশন অ্যান্ড এন্ট্রাপ্রেনারশিপ বিভাগ, ড্যাফোডিল ইন্টারন্যাশনাল ইউনিভাসির্টি

- A hub of Entrepreneurs and Business Leaders


Thank You so much for Sharing.

BBA Discussion Forum / Re: Monetary Policy
« on: June 26, 2019, 05:31:32 PM »
Thank you so much sir for wonderful write up.

Economics in Business / Bank graft biggest risk to economy
« on: May 14, 2019, 11:26:13 AM »
The corruption-ridden banking sector is the biggest downside risk to the country’s economic growth, requiring the central bank’s vigilance so that discipline can be restored to the industry, said the MCCI yesterday.

There are other downside risks such as poor implementation of public investment programmes, exemplified by only 47.22 percent of the Annual Development Programme reportedly being implemented in the first nine months of the current fiscal year, it said.

The views came in the third quarterly economic review of the Metropolitan Chamber of Commerce and Industry (MCCI).

The country’s growing requirement for subsidy payments to different sectors, uncertainty in the availability of foreign aid, and growing income inequalities are some other impediments to the development, said the chamber.

“Inadequate infrastructure, a lack of investor confidence in the economy that discourages making fresh investment, and the shortage of power and energy are now major impediments to the country’s accelerated economic development.”

Power and gas shortages, insufficiency of investment and weak infrastructure were also major obstacles as they disrupted industrial production and discouraged new investment, according to the review.

Improvements in the country’s GDP growth so far are the outcome of steady progress in the agriculture sector and food security and moderately good growth in industry despite the shortage in the power sector, it said.

Bangladesh economy has achieved a lot of successes in recent times. As per an estimate of the Bangladesh Bureau of Statistics, the country’s GDP growth in the present fiscal year was likely to be 8.13 percent, up from 7.86 percent in the last fiscal year.

The review’s executive summary echoed that Bangladesh’s economy was progressing well albeit below its true potential.

“Despite the impediments to growth, however, the economy has done exceptionally well over the past two decades. Internationally accepted indicators of both economic and social progress have placed Bangladesh at the forefront of the developing world,” it read.

“Poverty has fallen and people’s living standard improved significantly,” the review said.

The agriculture sector performed well in the third quarter. The sector grew at a robust rate of 4.19 percent compared to a moderate growth of 2.97 percent in the previous one.

The power supply situation also improved but the demand too shot up.

Total installed capacity rose to 18,242 megawatts in April from 17,965MW in January, but production remained low because of gas shortages and maintenance-related shutdowns of some power stations.

Domestic credit, on the other hand, grew 13.74 percent in February this year whereas it was 14.22 percent in February in 2018.

The credit growth in February was also lower than the credit growth target of 15.90 percent set in the monetary policy for the second half of the present fiscal year.

In the July-February period of 2018-19, net foreign direct investment (FDI) increased by 24.79 percent to $1.183 billion from $948 million in the corresponding eight months of the previous fiscal year.

In comparison, the net inflow of the FDI in 2018 increased by 67.91 percent to $3.61 billion from $2.15 billion in the previous year.

“The amount is still very low in terms of the country’s development needs. It is also low compared to the FDI inflow to many countries at a similar level of development,” the review said.

Overall, trade deficit narrowed by 8.43 percent in July-February of FY19, thanks to a steady growth of exports and a slowdown in imports.

The deficit in trade in services, too, shrank year-on-year by 0.94 percent in the same period. Lower trade and service deficit led to a significant improvement in the current account balance during July-February of FY19.

The current account deficit narrowed to $4.27 billion during the period under review from $5.899 billion in the corresponding period of the previous fiscal.

The financial account surplus has, however, shrunk by 30.75 percent from $5.376 billion to $3.723 billion during this period, despite an increasing trend in the net FDI.

Due to a significant improvement in the current account balance, the deficit in the overall balance improved to $499 million in July-February of FY19 from a deficit of $978 million during the corresponding months of FY18.

Thanks for sharing

Finance / Savings certificates become a headache: BIBM
« on: April 17, 2019, 11:29:48 AM »
Astronomical sales of national savings certificates has become a grave concern for policymakers and bankers, as their high interest means the government's interest burden is soaring and banks are being deprived of deposits, said the Bangladesh Institute of Bank Management.

The government's savings tools are now offering interest rates between 11.04 and 11.76 percent in contrast to 5 to 8 percent rate given by banks.

This has prompted savers to flock to NSCs, so much that the government's target of borrowing Tk 26,197 crore from the tool this fiscal year was met in just the first seven months.

Between July and February, the net sales of the savings tools stood at Tk 35,602.49 crore, up 7.49 percent year-on-year, according to data from the Department of National Savings.

Total outstanding sales of NSCs stood at Tk 262,760 crore as of December last year, up 193 percent from four years earlier.

The above market interest rate on NSCs may make government borrowing from the channel unsustainable, said the BIBM report. It is also impacting the growth of bank deposits, which in turn may create liquidity problem for the banking sector.

The report, which was unveiled yesterday at a seminar, went on to suggest a floating rate based on the average interest rate of government securities (treasury bills and bonds) along with some additional basis points for the savings instruments.

“The high volume of savings tools has some important implications for fiscal-monetary management,” said SM Moniruzzaman, deputy governor of the central bank, at the seminar held at the BIBM auditorium.

The sales of savings tools increased beyond the budgetary target by a sizeable margin in the last couple of years.

As a result, the government borrowing from banks has reduced, cutting down the interest rate on treasury bills and bonds, he said. To compete with the government savings tools, banks need to collect deposits at higher interest rates.

“Thus, the existing administered interest rate of the government tools appears to be a challenge for fiscal-monetary coordination.”

The difference between the government tools and the bank deposit or treasury securities rates, among others, is generally seen as responsible for the recent rise in the NSC issuance.

A portion of wealthy people may be parking their money heavily in the instruments, forcing the government to borrow more from the tools than its budgetary target, Moniruzzaman said.

At present, there is no database of the savings instruments to verify which segments of the society are investing the maximum amount of money in the tools, he added.

Barkat-e-khuda, Dr Muzaffer Ahmad chair professor of the BIBM; Helal Ahmed Chowdhury, supernumerary professor of the BIBM; Md Ali Hossain Prodhania, managing director of Bangladesh Krishi Bank; and Yasin Ali, supernumerary professor of the BIBM, also spoke.

Prashanta Kumar Banerjee, director and professor of the BIBM, presented the findings of the report.

Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its IPO filing.

The document gave the first comprehensive financial picture of the decade-old company which was started after its founders struggled to get a cab on a snowy night and has changed the way much of the world travels.

The S-1 filing underscores Uber’s rapid growth in the last three years but also how a string of public scandals and increased competition from rivals have weighed on its plans to attract and retain riders.

The disclosure also highlighted how far Uber remains from turning a profit, with the company cautioning it expects operating expenses to “increase significantly in the foreseeable future” and it “may not achieve profitability.”

Uber lost $3.03 billion in 2018 from operations.


Business & Entrepreneurship / Re: Stand out from the crowd
« on: April 11, 2019, 06:56:05 PM »
Happy Learning

Finance / Swap getting popular in local financial market
« on: April 11, 2019, 06:55:00 PM »
Interest rate swap is gradually becoming popular in the country's financial market, as many firms are showing interest on such type of derivative to avoid interest rate volatility.

Swap is the exchange of one set of cash flows for another, floating to fixed rate or vice versa.

Usually taking place over the counter (OTC), the contracts are between two or more parties according to their desired specifications, and can be customised in many different ways.

For example, if a party borrows from overseas at a floating rate, swap will happen when the party wants to convert the loan into a fixed rate one, considering its long-term uncertainly.

There are three different types of interest rate swap: fixed-to-floating, floating-to-fixed, and float-to-float.

Bankers said in recent period, two big swap deals have been signed, one by the Eastern Bank Limited and other by the BRAC Bank Limited, amounting to US$ 140 million.

The Eastern Bank inked an interest rate swap deal with the Summit Group, the first-of-its-kind agreement for a local bank, in October 2018.

The deal struck up pertains to the interest payment on $ 71.25 million loans taken by the two Summit Group concerns-Summit Barisal Power Limited and Summit Narayanganj Power Unit II Limited-in December 2016.

On the other hand, the BRAC Bank signed a swap deal with the Ace Alliance Power Limited (AAPL) in March.

The BRAC Bank provided hedging for the AAPL's exposure to the London Inter-Bank Offered Rate (LIBOR) against its borrowing of $ 68.60 million for 10.3 years.

BRAC said its deal is the highest-tenor interest rate derivative for any private commercial bank in the country.

The AAPL, a 149-MW independent power project situated at Kodda in Gazipur, is jointly owned by the Summit Corporation Limited and the Summit Power Limited.

Md Shaheen Iqbal, head of treasury at the BRAC Bank, told the FE that the power company wanted to convert its loan into a fixed-rate one following global market volatility.

"We offered a fixed rate to the company for over 10 years."

With increased volatility in interest rates, such types of derivatives are becoming very popular nowadays, he also said.

In current volatile global market scenario, the AAPL found it imperative to hedge against the loss arising from floating rate loan.

"The BRAC Bank was able to provide the most effective derivative solution - interest rate swap - to convert the LIBOR-based loan into a fixed-rate one," he added.

Anis A Khan, CEO and Managing Director of the Mutual Trust Bank Limited, told the FE that product like swap is now surfacing here, as the country's financial market is becoming matured.

"We should encourage the situation, as it is too common a product, even in India," he opined.

National Board of Revenue (NBR) chairman Md Mosharraf Hossain Bhuiyan said on Tuesday the capital and bond markets have still to attract 'educated investors'.

There are speculators who remain mostly active staking and betting on the markets, he added.

"Educated investors couldn't be attracted to stock and bond markets, rather speculators are more active and they want to become rich within a short period."

Price indices at the bourses often fall even after making simple comments on the market, Mr Bhuiyan said.

He said this at a pre-budget discussion with the Foreign Investors' Chamber of Commerce and Industry (FICCI) held at the NBR's Segunbagicha headquarters.

Mr Bhuiyan urged the multi-national companies (MNCs) to invest in the domestic share market.

In reply, FICCI member Mahtab Uddin Ahmed said the MNCs' compliance cost to go to the stock market is very high.

"The MNCs aren't coming to the stock market as it hasn't reached a stable position," said Mr Ahmed, also managing director and CEO of Robi Axiata Ltd.

FICCI president Shehzad Munim placed the chamber's budget proposals for fiscal year 2019-2020 at the programme presided over by the NBR chief.

The chamber placed a set of proposals, including a reduction in corporate tax rates in phases, raising tax-free income limit and clarifying complexities in the new VAT act.

FICCI members also proposed to cut customs duty and supplementary duty (SD) on raw materials and introduce uniform duty rates for capital machinery and spare parts for local manufacturers.

Terming corporate tax rates very high and uncompetitive for MNCs, Mr Munim said the rates could be reduced in phases by framing a plan of five years.

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