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BASIC Bank organises seminar on Asset Securitisation

BASIC Bank Ltd in association with ADFIMI has organized a 3-day seminar “Asset Securitisation” at Ruposhi Bangla Hotel in the city on Monday. Chairman of the BASIC Bank, Sheikh Abdul Hye Bacchu inaugurated the seminar as chief guest while Nuri Birtek, Secretary General, ADFIMI, Istanbul, Turkey welcome the participants and Dr. Bulent Gunceler, an eminent banker of Turkey, led the session as program manager. Basic Bank Managing Director Kazi Faqurul Islam presided over the session and gave welcome speech, says a press release. Shyam Sunder Sikder and Anis Ahamad, directors, Basic Bank were present in the inaugural ceremony as special guests. ...

Call for new approaches to stop global warming

Longtime NASA expert James Hansen has issued a call for new approaches to stop global warming, saying solutions are needed and that currently accepted targets are too dangerous. His 26-page paper in the open-access journal PLOS ONE outlines the dangers of climate change and the devastating impact it has already had on the world environment. Global warming of two degrees Celsius would be “far into the dangerous range,” he said, referring to the 2009 Copenhagen accord which said deep cuts in emissions were needed to reduce emissions and keep the increase in global temperature below two degrees Celsius relative to pre-industrial times, reports AFP. <...

Achievements that can be learnt from Bangladesh

About a year back the Economist had an editorial piece titled “Out of the basket” and subtitled “Lessons from the achievements – yes, really, achievements – of Bangladesh.” The more in-depth piece that followed appeared somewhat bemused at how a country once labeled a ‘test case for development’ could have made such striking gains in development outcomes over the past two decades (see table 1). These gains were hard to reconcile amidst Bangladesh’s natural and Rana Plaza-type disasters, volatile politics and unfavorable rankings on governance indicators – themes which the Economist has often covered before, and after, this “achievements” piece.

Bangladesh key economic indicators – Dec 3

DAILY INDICATORS

Monday Previous Taka/US $ (inter-bank) 77.75-77.75 77.75-77.75 Call money rate (inter-bank) 06.00-07.75 05.50-07.75 Dhaka Stock Exchange index 4,197.92 4,147.21 ------------------------------------------------------------ indicatorMONTHLY CURRENT PREVIOUS Growth in: Consumer price index (BBS) Change yr/yr (pct) Oct. 7.03 7.13 M2 supply (bln taka) (BB) Sept. 6,267.23 6,199.89 Forex reserves ($bln)(BB) Nov. 17.11 17.35 Exports(FOB) ($mln)(BB) Sept. 2,590.24...

Thai police no longer use force to defend protesters

Thai police have allowed opposition protesters through barricades outside the government and metropolitan police headquarters, sharply easing tensions after two days of violent clashes aimed at ousting Prime Minister Yingluck Shinawatra. The reason for the sudden thaw in hostilities on Tuesday was not immediately clear but it came after police said they would no longer use force to defend their Bangkok headquarters from thousands of anti-government protesters who marched on the high-profile target. Demonstrators were allowed to approach the perimeter fence of Government House with no resistance from security forces. Dozens of protesters also streamed into the police building where they were seen shaking hands with officers. ...

Old India-Bangladesh passport regime to end

The 41-year-old India-Bangladesh passport regime in the Northeast and in West Bengal came to an end on Sunday following an instruction by the Indian Foreign Minister Salman Khurshid to the concerned state governments. Those who have been already a passport under the old system will be able to use it until the expiration date. This special passport, which allowed travel to Bangladesh with a locally issued visa, was introduced after the independence of Bangladesh in 1971 for the easy movement of people between the two countries, reports TNN. The passport was issued by the northeastern state governments with the consent of the regional passport offices in Kolkata, and the people of West Bengal and the Northeast could apply for ...
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