Harmful impacts of cartels on consumers
November 30, 2011
Munshi Abdul Ahad
A cartel is an anti-competitive arrangement between two or more competing businesses. Anticompetitive agreements, particularly cartels, harm consumers in urbanised society, as well as in the emerging countries. In adding together, cartelised industrial sectors lack competition which certainly reduces competitiveness in the long run and may have a negative impact on the overall performance of a country’s economy. Widespread shapes of cartels conduct are: price fixing, market sharing, bid rigging and output control.
Price fixing take places when Read more
How to troubleshoot the economy
November 30, 2011
Sadiq Ahmed
Bangladesh is facing serious macroeconomic challenges and I have written a lot explaining them in a series of articles published in The Daily Star and in The Financial Express. In this new article I am going to write specifically about how Bangladesh could address those challenges while also mobilising substantial external financing in a flexible form that will help both the balance of payments and the budget. This kind of financing will also be helpful in lowering inflationary pressures.
It is fashionable in developing countries to blame the International Monetary Fund Read more
Aspirants weave dreams in CU’s picturesque beauty
November 30, 2011
Admission tests, which otherwise correlate with hours of continuous stress, couldn’t be more relaxing if not for the campus that has a perfect touch of God-gifted scenic beauty, so say admission seekers about Chittagong University (CU) campus.
Thousands of aspirants from all over the country came here to sit for admission tests for the 2011-12 academic sessions that started on November 26 and will continue till December 1.
The university campus, covered in dense forest hugging serpentine Read more
10 Bangladeshi firms get SAFA awards
November 30, 2011
Bangladesh’s Prime Finance and Investment Ltd yesterday beat competitors from other South Asian countries to win the top award for best published accounts and corporate disclosures.
The non-bank financial institution defeated its domestic competitor IDLC, which came first runner-up, and Hatton National Bank of Sri Lanka, which was the second runner-up, to win the Read more
Dhaka city sliced into two
November 30, 2011
JS passes bill in a hurry
Parliament on Tuesday passed the Local Government (City Corporation) (Amendment) Bill 2011 dividing Dhaka City Corporation into two entities.
The passage of the bill empowered the government to remove the mayor and councillors and appoint two administrators from civil servants or people it deems competent for the two corporations and Read more
Citizens threaten movement against split
November 30, 2011
A number of eminent personalities yesterday threatened to launch a greater movement against the government’s decision to split Dhaka City Corporation into two.
The government has taken the decision in an “autocratic” manner by ignoring public opinion, they said. They expressed their views at a citizens’ rally organised by the Dhaka City Corporation Read more
Bangladesh worst-hit in last 2 decades
November 30, 2011
Bangladesh is a country most affected by extreme weather events in the last two decades, reveals the Global Climate Risk Index (CRI), 2012.
For the period 1991-2010, Bangladesh was followed by Myanmar and Honduras, the report said.
However, Bangladesh is not on the list of the 10 worst affected countries in Read more
Tigers falter at the start
November 30, 2011
Bangladesh’s batting frailties were exposed against a sublime bowling attack as Pakistan’s tour got off to a flying start with a comfortable 50-run victory in the one-off T20 International at the Sher-e-Bangla National Stadium in Mirpur yesterday.
The home side’s spinners, led by Shakib Al Hasan, did an excellent job to create a chance as Read more
Demon in the pitch or minds?
November 30, 2011
The Tigers’ 50-run defeat to Pakistan in yesterday’s Twenty20 could be a recurring theme (nightmare, whatever you want to call it) for the next three weeks but the nature of capitulation must be less frustrating if the home side are to end 2011 with a smile on their face.
To be on top of the most successful Twenty20 team in the world for one and a half hours could Read more
Nokia N9: All it takes is a swipe
November 29, 2011
Nokia N9, the much-anticipated smartphone from Nokia will hit the local market next week. Let’s have a look at the N9, the first ever pure touch phone with no buttons.
So far this is the best-looking and slickest device from Nokia. Its awesome design, display and ease to use make it reasonable alternative to Android and Read more
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