Business

On 22nd March of 2012, an unforgettable traumatic “riot” hit us in the factory. Just because of the early leave for cricket and some hoax created by a few middle management employees, at around 1.20pm all workers ‘rioted’ and hit all the foreigners working or consulting in Shanta Denims Limited, in Dhaka EPZ, Savar. Details…

It happens with several real estate companies, who attract people with sweet words but drive them away with harsh slaps. The Rehab fair, the billboards on the streets and individual showrooms of some real estate companies do reflect that they are for the cause of the people only. Details…

Many of the countries in the world are earning a lot of foreign currency from their tourism industry and the sea beach may be the topper according to the hierarchy amongst the events. Apart from different tourism spots, Kuakata, the sea beach of Bangladesh can be the place for the local and foreign tourists. Our government can take necessary initiatives to improve the sea beach facilities like roads, transport and security, hotel/motel accommodation. Publicity is needed to draw the attention of tourists from home and abroad, and in this way we could earn a lot of money from this spot. Even by the improvement of the said facilities the respective coastal areas also could be developed no doubt.
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Google and two of its executives are being sued by EBay’s online payment unit, PayPal, which claims they stole trade secrets related to mobile payment systems.
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The recent increase of CNG prices affects several different sectors of society. Due to the sudden increase of CNG cost, owners of public transport vehicles will definitely take the opportunity to raise the fare unlimitedly as well as unethically as we still not able to monitor this sector to implement the fare equitably. The transport sector is one of the most corrupted sectors in our country.
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Six months after the change in management, the pioneering crocodile farm is in limbo. Crocodiles are kept crammed together with no heating facility for many months. Feeding has gone down. No records are being kept to hide the facts. The perimeter fencing has broken down in many places.  It may be noted that Reptiles Farm Ltd. is the only CITES (Convention on International Trade in Endangered Species) registered commercial crocodile farm in entire SAARC region. It is home of more than 900 crocodiles. Bangladesh Bank, as the major equity holder, should come forward and save their flagship project for equity via Entrepreneurship Fund.

Dhaka, Mar 4 (bdnews24.com) — Nobel Peace laureate and ‘deposed’ managing director of Grameen Bank (GB) Muhammad Yunus has taken the battle right to the finance minister’s doorstep.

In a rejoinder issued on Friday, Grameen Bank stated that the statements of finance minister Abul Maal Abdul Muhith at a meet with diplomats and later to the press on Thursday did not give a true account of the situation.

The rejoinder, issued in the name of GB’s general manager (information and media) Jannat-E-Q-Quanine, said the finance minister’s statement that Grameen Bank was not a non-government organisation (NGO) was ‘not entirely correct’.

The central bank ordered removal of Yunus as Grameen Bank head on Wednesday, saying that his re-appointment did not have its prior approval.

The news hit the headlines around the world, compelling the finance minister to hold a meeting with foreign diplomats and international organisations explaining where the government stood.

“According to the Ordinance of 1983, through which GB was created, 75 per cent of the bank’s ownership lies with its landless members and the rest belongs to the government. In fact, the capital provided by the government is only 3.5 per cent of the total,” the rejoinder said.

The finance minister said there must be measures to resolve the matter of Yunus had held on to the managing director’s post illegally.

The rejoinder also finds enclosed a personal letter dated March 15, 2010 that Yunus had sent to the finance minister, addressing him as ‘Muhith Bhai’.

The letter, wherein Yunus had expressed his desire to hand over the reins of power to the next generation in a smooth manner, under the supervision of Muhith himself, is meant to hammer the point that the Nobel laureate had himself offered to quit.

However, both the options Yunus had suggested for the ’smooth transition of power’ see him remain in the office as the bank’s chairman.

So, while the letter to Muhith does prove the point that he wanted to step down as managing director, it does not in any way suggest the he wanted to out of Grameen Bank management.

The rejoinder also stated that ‘Prof Yunus has said repeatedly that he follows the law and in his opinion, he remains in the post of managing director legally’.

Given the finance minister’s silence and inaction despite receiving the personal letter, Grameen Bank sent another letter on Sep 14, 2010 to the secretary of Bank and Finance Division requesting employment of a chairman for the micro-credit giant.

Another letter was issued to the corresponding ministry on Dec 19, 2010 as no action was taken following the earlier letter. The government did not take any step to employ a chairman in 2010 either.

bdnews24.com/jk/sh/nir/2355h

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The term “sick man of Europe” was coined to describe the declining situation of the Ottoman Khilafah by Tsar Nicholas I of Russia in 1853. The Uthmani territories were being swallowed by rival world powers, increasingly falling under the financial control of the European powers and the Ottoman’s had lost territory in a series of disastrous wars. Details…

Dubai symbolized the economic boom of the 21st Century. With its vast lavish construction projects and world-class sporting events, it quickly became the prime destination for some of the world’s largest and leading financial and service corporations. Details…