Presentation on Swiss Banking Secrecy & The Myths

What is at Issue?

Swiss Bank Secrecy:

Legal principle under which Swiss Banks are allowed to protect personal information about their customers.

At Issue:

–         Deters Accountability,

–         Instrument for Tax Evasion,

–         Aids in Underground Economy,

–         Facilitates Money Laundering, Organized Crime.

History

•          Over 300 years.

•          First known dates back to 1713.

•          Until 1934, civil and labor code.

•          Implemented due to,

–         Pressure from French,

–         Protect from Nazi spies.

•          1984, Swiss elected by overwhelming majority (73%) in favor of maintaining bank secrecy.

Legislation

•          Banking Act of 1934

–         Codified 8 November 1934

–         Privacy is statutorily enforced

–         Swiss law strictly limiting any information shared with third parties, including tax authorities, foreign governments or even Swiss authorities, except when requested by a Swiss judge’s subpoena.

Dissertation Report on Hotel 71

 Introduction on HOTEL 71

The Hotel 71 located at the heart of the city bijoynagar in 20 storied building. the hotel building has
been constructed with special care and under close supervision of the specialist engineers from BUET.the sculpture of bijoy at the first floor, the wood curving work on the movement from 1952 to1971At the banquet Hall”Amrokanon”and the terracotta work at the restaurant”Sadhika”certainly will express regarding the history of” independence Of Bangladesh” and Touch Of The Inner And Actual Feelings of 1971 Every Where In The Hotel 71.In Hotel 71,56 Rooms including 12 suits, All room with high speed internet connection along with dedicated port for laptop, mini bar , in room safe, satellite TV with channels and working desk, Exclusive club room with personalized service for all suite guest and members only, 24-hours business centre and room service, One restaurant, lobby cafe, Swimming pool(On Processing), health club, Hotel equipped with safety and security

equipment device including fire and smoke detector, water sprinkler, Key door locks & CC TV,Coffe Shop,Saj-Goj Beauty Parlour,Style Point Barber Shop,24 Hours Laundry Service.

On June 2010, began a project that would not only revolutionize the skyline of Dhaka but also the hotel industry of the country. The first Glass–framed building ever to be built in the country awed everyone. Hotel 71 has 20 (twenty ) levels (including 2 level of underground car parking) building with a space of 72,000 square feet.

There are 56 (Fifty Six) guest rooms including 12 Suit rooms. This hotel has 6 (Six) efficient service department. They are Housekeeping, Food & Beverage, Front Office, Reservation, Sales & Marketing and Engineering & Maintenance Department. All the departments work together to serve their valuable guests.

The Hotel has 1(One)Luxurious restaurants. The Restaurant Name Is “Sadhika”, the authentic restaurant with world famous foods. The hotel has also a Lobby Lounge Café (Coffee Shop) which is a wonderful spot to enjoy a quick cup of coffee, tea, offers home baked patisseries.

In Our Hotel Top Floor fitness center where the most recent instruments are available. In the fitness center there is also a bakery shop. In The hotel 71 the Swimming Pool (on processing).

Hotel 71 has the most modern equipped business center with highly dedicated Internet connection, which is open for the 24 hours round the clock. The hotel has around 130 staffs to serve their guests. They are very much well trained, mannered and loyal to the management.

Trade Marketing Activities Channel Partners Perception of (CityCell)

1. Introducing the Company

 

1.1   The Company

Pacific Bangladesh Telecom Limited (PBTL) is the first mobile phone service provider in the Indian subcontinent. The address of the Head office is: “Pacific Centre” 14, Mohakhali C/A Dhaka 1212. PBTL was founded by Pacific Group Limited and Hutchison Whampoa Limited. CityCell is the brand name under which Pacific Bangladesh Telecom provides wireless telecom or mobile phone service and products to the general and other customers.

1.2 Pacific Group Ltd.

The Pacific Group is a group of companies under common ownership. The group has interests in automobile service (Pacific Motors Ltd.), consumer electronics (Pacific Industries Ltd.), fisheries (Bengal Fisheries Ltd.), tea (Noyapara Tea Company Ltd.) and telecommunications (Pacific Bangladesh Telecom Ltd.). This group of industries was founded by renowned industrialist and current honorable foreign minister – Mr. M. Morshed Khan.

1.3 Hutchison Whampoa Ltd.

Hutchison Whampoa Limited (HWL) is a Hong Kong-based diversified, multinational company with its origins dating back to the 1800s. As part of the Li Ka-Shing group of companies, HWL's ultimate shareholder is Cheung Kong (Holdings) Limited, which has a 49.9 % interest in the Company. In terms of market capitalization, HWL is one of the largest companies listed on the Hong Kong stock exchange. With over 150,000 employees worldwide, the Group operates five core businesses in 41 countries.

1.4 The Company History

In October 1990, Hutchison Bangladesh Telecom Limited (HBTL) was formed as a joint venture between Bangladesh Telecom Limited (BTL) and Hutchison Whampoa Limited of Hong Kong. In March of that year BTL had been issued a license by Bangladesh Telegraph and Telephone Board (BTTB) for operating cellular, paging and other wireless communication networks.

THE PRESENT SCENARIO AND THE PROSPECT OF AUTOMOBILES IN BANGLADESH (Uttara Motors Ltd.)

Executive Summary

In recent year rural road communications mainly connecting roads from Thana to important Hat, Bazar and villages have been increased significantly. Consequently agriculture, agriculture related business and other economical activities have been increased and side-by-side mobilization of people also increased. As an easy and affordable transport, Two-wheeler becomes a very popular vehicle in rural and semi urban area in our country.        

Objective of the study

The main objective of the study is included:

(i)            An analysis of the present situation of two-wheeler market in Bangladesh,

(ii)           An analysis of sales trend of two-wheeler and estimation of their future demand.

(iii)          An analysis to find the proper marketing and sales tools to marketing the products.

(iv)          An analysis to measure the potentiality of Bajaj products.

Market size and growth rate of Two- Wheeler:

Two-Wheeler market in Bangladesh is very optimistic and demand is increasing rapidly. At the moment market size of Two-Wheeler is about 35,000 units per year. In l2002-03 financial year growth rate was 44%. Growth rate mainly depends on socio economic environment and Government policy of our country. Average growth rate of Two- Wheeler market in last six years was

Assignment on Islamic Bank part 3 of 3

*    To provide self employment for the poor and distressed by group/center formation.

*    To bring both male and female to provide employment under income generation activities and help them to attain self-reliance step by step.

*    To continue to support the self reliance drive of the poor in their search of capital formation from savings they make out of their increased income.

*    To help reduce and eventually stop, through enhancement of their income, the lending on thigh and exorbitant rates of interest by the village money lenders, the advance sale of crops, land and mortgage of land by the poor at the time when they are most in need.

*    To follow an approach of comprehensive development side by side will economic development and

*    To provide financing to develop housing in the area.

Selection of Ideal Village

For creating an ideal village, one/more villages to be selected within to km of each specified branches area. While doing this considers the following matters.

v  Easy transportation

v  Having agricultural /non-agricultural sectors.

v  Majority of low income holder

After primary selection, baseline survey will be done in that village.

Beneficiaries 

The RDS of IBBL is target group based. Beneficiaries of the plan are thus ladles, wage laborers and marginal farmers. Selection criteria for members of the target group are as follows.

a)   Famrmers owning up to 0.50 acres of land including sharecroppers;

b)   Persons engaged in non agricultural activities owning up to 0.50 acres land or landless;

c)   Permanent resident of the project area.

d)   Borrower or defaulters of any other bank or organization will by no means be the beneficiaries of the plan;

e)   Females belonging to the families of the serial 1 and 2 above, interested in income earning projects, but who unable to do so due to dearth of money, may form a group and get the financial support.

f)   Distressed people may undertake income generating schemes in non-agricultural sec tors such as cow/goat/chicken etc. For their self-employment; and

g)   Landless to be given priority in selecting target groups whose yearly family income must be below Tk. 15,000/-.

Assignment on Islamic Bank part 2 of 3

1.      The bank requires to retain 10% of its total deposit liability as Statutory Liquidity Ration (SLR) including 4% Cash Reserve Ration (CRR) with Central Bank. The Bank may go for investment upto 90% of its total deposit. The perspective Investment Plan is being formulated quantifying the allocation of investments size-wise, sector-wise, geographical area-wise, economic purpose-wise, security-wise and mode-wise keeping in vies 20% projected growth of deposit each year.

2.      Taking into consideration the broad objectives of the Bank, national priority, socio-economic need, growth level of the economy, the investment port-folio of the Bank may gradually be diversified and allocated in terms of size, sector, geographical area, economic purpose, security and mode.  

THE 5-YEAR PERSPECTIVE PLAN FROM 2003-2007

In accordance with the investment Policy, 5 year Perspective Plan from 2003 to 2007 is formulated. Deposit target of the Bank s on September 30, 2002 plus 10% has been taken as base and 90% of the year-wise estimated deposits have been as investable fund. Size-wise, sector-wise, geographical area-wise, economic purpose-wise, security-wise allocation of estimated investable funds are made in accordance with the weightage given in the Investment.   

Assignment on Islamic Bank part 1 of 3

HISTORIES AND GROWTH OF ISLAMIC BABKING AROUND THE WORLD

 In the 20^th century ,the financial and Banking world come to acquainted with a new member in the money market known as Islamic Bank with some special features.Islami banking gradually evolded during the last thirty years in some parts of the Muslim world.During 1960’s it was observed that Muslims of Malayasia used to save miney primarully for performing Hazz.Such savings mostly kept idle in pillows,under mattresses and floor for avoiding interest,which was unproductive and damaging for the growth and development of ecnomy.For utilizing such saving the  Government of Malayasia in 1962 established an interest free financial institution known as “Pilgrims Saving Corporation”.In 1963 Ahmed El Nujjar established  a bank at MITGAMAR inegypt by his personal endeavor with a view to bring some development in socio-economic field in the process of Islam.this Mitgrambank is considered as the Father of Modern Islamic Banking and A.E Niffar is considered as the Father jof Islamic Banking System.The tremendous development that the world economy has experienced in the last few decades was contributed by several factors among which, growing institutional supply of loan able funds must have in the human body. Both commercial banks and other development financial institutions  provide short, medium, and long-term credits to businesspersons and entrepreneurs who usually take the lead in ventures of economic development.

Institutional supply of credit has been made possible by a system of financial inter-mediation organized in a way where conventional  banks collect small savings from the public by offering them a fixed rate of interest and advancing the loan able funds out of the deposited money to enterprising clients charging relatively higher rates of interest. The margin between these two rates is the banks income. In addition, banks also provide many other services to the public for which it receive service charges. Despite the outstanding contribution of the conventional banking system(interest-based) several ancient and modern economists are critical about its efficiency level . Some economists consider the role of interest in the conventional banking mechanism as a major negative factor that contributes  to cyclical fluctuations  in the economy (Minsky 1982). More recent concern over the potential instability of the world monetary and financial system was expressed by Maurice Allais, a Noble Laureate in the called for an urgent reform of the World Economic order (Allais 1993, pp13-16) . Others vehemently opposes the argument for using rate of interest as a stabilizing tool in the economy (Saud 1980, p. 88) . This called  for the emergence of a new system of banking capable of tacking new challenges that the present world economy , particularly the financial  sector, has been facing.