Nov 22
Daily News Head Line
Raise more awareness of diabetes PDF Print E-mail

Diabetes should get as much attention as communicable diseases as it is progressively becoming a common ailment in the society, according to a top official of Novo Nordisk.

“It is called epidemic in slow motion and a serious burden globally,” said Sebnem Avşar Tuna, corporate vice-president of the world's biggest insulin maker.

The number of people with diabetes is doubling every decade in every country, she told The Daily Star in an interview in Dhaka last week.

Today, there are 415 million people with diabetes in the world and it would reach 642 million by 2040, according to the International Diabetes Federation (IDF), an umbrella organisation of over 230 national diabetes associations in 170 countries and territories.

BB jacks up dollar sales to keep exchange rate stable PDF Print E-mail


Bangladesh Bank has already surpassed its fiscal 2016-17's sales figure of US dollar in the first three months of the current fiscal year as it scrambles to prevent the slide of the taka against the greenback.

“The local currency would have depreciated to Tk 85 against a dollar if the central bank had not intervened,” said a BB official.

Falling remittance and a surge in imports have created a scarcity of the US dollar, which is mostly used in international transactions and, as a result, the world's primary reserve currency.

Private credit growth hits 58-month high in August PDF Print E-mail

Private sector credit growth hit a 58-month high in August -- 17.84 percent -- as banks are earnestly focusing on disbursement of consumer, SME and farm loans to sustain their profitability.

The last time the private sector credit growth was as high was back in November 2012, when 17.40 percent was registered.

This was the third month in a row that the private sector credit growth registered an increase.

Jamuna Bank: aiming for the top spot PDF Print E-mail

Five years ago, with forged documents, Bismillah Towels made off with Tk 180 crore from Jamuna Bank -- an incident that instigated wholesale changes in the way the third generation lender functions.

“Now, there is no chance of a loan scam like that,” Shafiqul Alam, managing director of Jamuna Bank, recently told The Daily Star in an interview.

Soon after the loan scam in 2012, Jamuna introduced a centralised banking system, one in which the branch officials do not have the authority to give the green light to loan proposals without the permission of the head office.

Taxes on petro products fetch government Rs 2.67 lakh crore PDF Print E-mail

Crude oil prices in the international market have come substantially down, but surprisingly the prices of petroleum products in India are on the rise, pinching the common man’s pocket. But then where is the huge money, being earned through several hikes in indirect taxes, going? Well, according to the government’s response to an RTI application, even as the money in the common man’s pockets seems to have developed wings, it is the government coffers that are benefiting from the high prices of petroleum products. During the financial year 2016-2017, the government earned a whopping Rs 2.67 lakh crore revenue on account of several increases in indirect taxes (Excise, Customs and import duties) on such products.


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