Banks’ profits erodes (The Daily Star, Nov. 22, 2012)
“Of 30 listed banks, 16 registered negative net profit growth year-on-year in July-September, six incurred losses and seven made positive growth.” Revenues reportedly feel because of two interrelated factors: interest rates are high and demand for loans is low. Non-performing loans further hurt the industry, particularly from the ship-breaking industry, which was impacted by dropping steel prices.
Unemployment problem worsening: said MCCI (The Financial Express, November, 21, 2012)
The Metropolitan Chamber of Commerce & Industry (MCCI) said that unemployment problems are worsening due to the mismatch between demand and supply of labor market. Country's overseas employment fall drastically because of some imposed restriction by labor-imported country like the UAE. MCCI said to solve the problem Bangladesh needs to create jobs at a rapid rate through productive and efficient effort of the public and private sector.
Allegations of influence sour FBCCI polls (The Daily Star, November, 20, 2012)
Contestants in the upcoming FBCCI polls allege that an influential quarter is putting pressure on the election board to remove the designated secret ballot system and replace it with a hand-raising voting system. Contestants said that under the hand-raising method, the nominated directors will come under pressure to vote for the government-backed presidential candidate. “This year, the posts of 30 directors are being contested by a total of 63 candidates: 30 under the banner of Ganatantrik Parishad, 30 under the Kazi Akramuddin Ahmed Panel and three as independent contestants.”
No need to 'reinvent the wheel' for SMEs (The Daily Star, November, 19, 2012)
Economists said that Govt should go for implementing the recommendations and policies laid out in the SME Policy 2005, the Industrial Policy 2010, and the 2011-2015 Five-Year Plan rather than undertaking further studies and trying to “reinvent the wheel.” In a seminar, "Competitiveness of Bangladesh: Prospects and Challenges for SMEs", organised by the SME Foundation speakers “also urged the policymakers and industrialists to take into consideration the total value chain of any sector to be able to enhance their competitiveness.”
Analysts see loopholes in consumer rights law (The Daily Star, November, 16, 2012)
The Consumers Association of Bangladesh (CAB) with the support of Manusher Jonno Foundation organised a programme on using the information law to ensure effective enforcement of the consumer protection law. Participants noted several loopholes in the existing legislation that need closed. For example, “The law gives rights to an aggrieved consumer to file civil cases. But it is not clear how to file civil petitions and what the court fee will be.” Speakers advocated for permitting consumers to file petitions at an assistant judge’s court at no fee. Speakers also called for strengthening the Department of National Consumer Rights Protection.
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