Friends are made by many acts but lost by one.
Monday, August 6, 2007
Sunday, August 5, 2007
YOU'RE NEVER ALONE
You're never alone, I'm always near,
When your troubled, down or blue.
All you have to do is call me,
I'm always here for you.
It doesn't matter where I'm at,
It doesn't matter when.
When you need someone to talk to,
I'm here to be your friend.
If you need someone to hold your hand,
or a hug to say I care.
If you need a shoulder to cry on,
for you I will be there.
So never think you are a burden,
when the weight gets to be to much.
You might find if look hard enough,
a good friend could be the right touch.
You're never alone, I'm always here,
through the good times and the bad.
I'm always here to be your friend,
I don't like to see you sad.
The Best of Friends
The best of friends,
Can change a frown,
Into a smile,
when you feel down.
The best of friends,
Will understand,
Your little trials,
And lend a hand.
The best of friends,
Will always share,
Your secret dreams,
Because they care.
The best of friends,
Worth more than gold,
Give all the love,
A heart can hold.
A Friend Most True
I need to know if you’re my true friend,
will you be by my side until the end?
Can I tell you my secrets deep,
and trust them in your heart you’ll keep?
We are neither of us without our flaws,
can you accept mine as I will yours?
I’ll be a shoulder to cry on when you’re blue,
will you be there for me when I need you?
No matter how busy I will make time for you,
if you are busy will you make time for me too?
I will take your hand and comfort your tears,
will you hold me and soothe my fears?
I will give you joy and many warm smiles,
can we share that even across many miles?
I will not forget what’s important to you,
will you remember what’s important to me too?
With you my most favourite things I’ll share,
If only I know do you truly care?
If you can accept me as I do you,
then I will know you are a friend most true.
Wednesday, August 1, 2007
Inflation stands at decade's highest
It is now close to double-digit
Rejaul Karim Byron
Inflation rate on a point-to-point basis in June stood at a 10-year high 9.20 percent, and threatens to reach a double-digit soon due to floods and the upcoming Ramadan.
Economists suggest that the government maintain usual trading in the markets instead of trying to improve the price situation by deploying law enforcers.
Inflation came down slightly in May but it leapt by 1.15 percentage point to reach the record high in the last month of fiscal year 2006-07.
On average, it ran 7.22 percent in June compared with 7.16 percent in the corresponding period of last fiscal.
According to the Bangladesh Bureau of Statistics (BBS), the inflation on average has seen a steady rise over the last five years.
The inflation on food items increased by 1.47 percentage point in June to 9.82 percent compared with 8.35 percent in the penultimate month of the last fiscal, according to the data available.
In the same period, inflation on non-food items rose by .57 percentage point to stand at 8.34 percent. It was 7.77 percent in the previous month.
However, the rate of price increase in non-food items ranged between 4 and 6 percent in the months preceding April, the month when it crossed 7 percent mark in April.
In the wholesale and retail markets, prices of daily necessities are still very high. In last one year, prices of rice increased by 15 to 23 percent. Those rose by 4 to 11 percent in last month, according to latest data released by Bangladesh Trading Corporation (TCB).
Price of flour shot up by 34 to 54 percent and edible oil (Soybean) by 43 to 61 percent in the last 12 months. In June, flour sold at prices 14 to 19 percent higher than those in the preceding month.
Prices of other commodities too have surged during the last one year.
Sajjad Zahir, executive director of Economic Research Group, thinks that inflation rate might enter double-digit by July because of worsening flood situation.
He fears more inflationary pressures following the month of Ramadan. According to him, huge shortfall in supply is the major cause of high inflation in the recent times.
He said the recent government measures to reduce duties on imports and ease L/C opening are good moves. But to keep the supply side under control, it should withdraw the law enforcers from the markets immediately.
The traditional market chain has broken down due to intervention by the law enforces deployed for market monitoring, he said.
The government's decision to gauge the developments in the market by engaging the law enforces would not do any good to the inflation situation.
The central bank's contractionary monetary policy will not help in the long run to improve the supply side, he observed.
Zahir said that in the face of the ongoing anti-graft drive, some people might opt to send their ill-gained money abroad through hundi and after some time get it back under cover of remittances.
He believes the practice could contribute to increasing the remittance inflow adding to the inflation pressure. The government should act immediately to examine if it is happening or not.
Meanwhile, the Asian Development Bank (ADB) in its economic update for June observed that the huge remittance inflow might be one of the reasons of rising inflation.
The link between remittances and inflation in Bangladesh is not strong at all; it often results in consumption instead of investment.
"Letting markets for necessities function normally without administrative actions that cause disruption to the supply chain will also be important," the Bank said in the update released yesterday.
The central bank at a coordination council meeting last week blamed the high inflation on spiralling food prices in both domestic and international markets.
Presided over by Finance Adviser Mirza Azizul Islam, the meeting found that prices of rice in the global market shot up by 31 percent, wheat 26 percent, soybean oil 21 percent and palm by 48 percent between 2004 and 2007.
During the same period, the domestic production of food grains has increased by only 1.2 percent that is 19.5 percent short of the target.
Prime Bank
Prime Bank opens branch at Ashulia
ECONOMIC REPORTER
Prime Bank Limited opened its 53rd branch at Ashulia on July 29. Azam J Chowdhury, Chairman of Prime Bank Limited inaugurated the 53rd branch as chief guest. Director, Captain Imam Anwar Hossain, former directors Md. Shahadat Hossain and Md. Abul Kashem attended the function as special guests.
M Shahjahan Bhuiyan, Managing Director of Prime Bank presided over the function. Nasiruddin Ahmed, DMD, head of new branch, Toufiqur Rahman Aiyne, executives of the bank, local elites, businessmen and dignitaries attended the function, says a press release. While inaugurating the branch, Azam J Chowdhury, Chairman of Prime Bank Limited mentioned that the healthy growth and prosperity of commercial banks largely depend on macro level economic development of the country. The mission of Prime Bank is to expand its network across the country to allow access of banking facilities to mass section of business community which will accelerate economic growth in the country.
Apart from commercial banking operation, Prime Bank Limited through its foundation is simultaneously playing a pivotal role in the society as part of its Corporate Social Responsibilities, he added. The Prime Bank Foundation aims to contribute in creating an opportunity for all to access the basic human needs, particularly healthcare and education.
BRAZIL
Brazil presents 2014 WC bid
AFP, ZURICH
July 31: Brazil, the only candidate bidding to host the 2014 World Cup, on Tuesday officially presented its bid at the headquarters of world football's governing body FIFA in Zurich.
"We represent 180 million Brazilians and I am 100 percent sure that Brazil has, at 100 per cent, the capability of organising an event of this magnitude," said Romario.
The 1994 World Cup star was a member of the Brazilian delegation which was headed by Brazilian federation (CBF) president Ricardo Teixeira and included Rui Rodrigues, who played a key role in pushing forward the Brazilian candidature, and noted author Paulo Coelho.
Following the one-hour long presentation, Teixeira handed over to FIFA the 900-paged candidature dossier that was divided into four volumes.
Rio de Janeiro, and its mythic Maracana stadium, is one of 18 cities to throw their hat into the ring to host matches, but the final figure is likely to be between eight and 12 cities.
The chosen venues will be announced in 2008, if Brazil win the right to organise the event.
FIFA and the Brazilian delegation have refused to disclose the budget necessary to host the World Cup, which was last held on Brazilian soil in 1950 when the hosts lost in the final to Uruguay. A FIFA delegation headed by American Hugo Salcedo, director of FIFA's Goal project, will visit Brazil at the end of August.
The delegation, comprised of six members, will be charged with inspecting the 18 venues and to check whether the dossier "corresponds to the reality" according to the FIFA president Joseph Blatter.
World football's governing body will decide on October 30 if Brazil is to become the official organiser of the 2014 World Cup.
If Brazil fails to convince, FIFA will "renew the nomination procedure," revealed Blatter.
Pls Vote for Bangladesh
The "New 7 wonder foundation" has started another campaign, named "New 7 wonders of Nature". You can nominate your own choice there. Can't we all try to nominate something from our own this time? May be we don't have something like Pyramid or Tazmahal...but this time, we have one of the greatest assets and the longest beach of the world..."Cox' s Bazar". Can't we spend few minutes from our valuable time to nominate this great natural site from our own country?
Please... at least we can try. Please fwd this appeal to everybody you know. We all can make this happen.
Here's the link: http://www.natural7wonders.com/
click on the Nomination link located at the upper left corner and type Cox's Bazar - Category: Coastline , Country: Bangladesh
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