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Euro falls after Moody’s downgrades Italy

The euro came under pressure in Asia on Wednesday after Moody's downgraded Italy's credit rating, fuelling worries over eurozone debt and the impact of a possible Greek default on the global economy.

The euro fell to $1.3308 in Tokyo trade from $1.3338 in New York late Tuesday. The single currency also sagged to 102.06 yen from 102.14 yen.

The dollar inched down to 76.69 yen from 76.82 yen.

'The market is jittery about political wrangling hampering aid to Greece after the eurozone finance ministers' meeting has shown no immediate action and need for more time,' said Teppei Ino, analyst at the Bank of Tokyo-Mitsubishi UFJ.

Two-day talks between European finance ministers wrapped up with no fresh news Tuesday, while Athens was denied the next eight-billion-euro ($10.7 billion) tranche of bailout money it needs to avoid defaulting on its debts.

Ratings agency Moody's on Tuesday downgraded Italy's government bond rating by three notches from Aa2 to A2 with a negative outlook, citing risks for the financing of long-term debt and slow economic growth.

The move poured cold water on sentiment after the euro gained and US stocks saw a last-minute rally overnight.

market Disclosures

Bd Thai Aluminium
The company has informed that the board of directors of the company has decided to hold an EGM on November 13 at 9:30am at Banani Community Centre at Kemal Ataturk Avenue in Dhaka to change the denomination of face value of shares from Tk 100 to Tk 10 each and to change market lot of the shares from 10 to 50 shares. Record date for EGM is October 18.

Trust Bank
Trading of the shares of the bank will be allowed only in the spot market and block/odd lot transactions will also be settled as per spot settlement cycle from October 9 to 11. Trading of the shares of the bank will remain suspended on record date on October 12 for EGM.

BSRM Steels
Trading of the shares of the company will be allowed only in the spot market and block/odd lot transactions will also be settled as per spot settlement cycle from October 9 to 11. Trading of the shares of the company will remain suspended on record date on October 12 for EGM.

Samata Leather Complex
Trading of the shares of the company will be allowed only in the spot market and block/odd lot transactions will also be settled as per spot settlement cycle from October 9 to 19. Trading of the shares of the company will remain suspended on record date on October 20 for EGM.

Central Insurance
Trading of the shares of the company will be allowed only in the spot market and block/odd lot transactions will also be settled as per spot settlement cycle from October 9 to 11. Trading of the shares of the company will remain suspended on record date on October 12 for EGM.

BRAC bonds
Normal trading of the Subordinated 25 per cent Convertible Bonds of BRAC Bank Ltd will resume on Sunday after record date.

Samorita Hospital
The company has informed that the board of directors of the company has decided to change the denomination of face value of shares of the company from Tk 100 to Tk 10 each as well as market lot from 50 to 100 shares. Accordingly, the clause No V and article No 5 of memorandum and articles of association of the company will be amended. Date of EGM is November 24 at 10:30am at Samarai Convention Centre at Panthapath in Dhaka. Record date for EGM is October 27.

Dutch-Bangla Bank
The bank has informed that the board of directors of the bank has decided to change the denomination of shares (face value) of the bank from Tk 100 to Tk 10 each and market lot of the shares from 50 to 500 shares as well as to amend the clause/articles of the memorandum and articles of association of the bank subject to approval of regulatory authorities and the shareholders. Date of EGM is November 13 at 10:00am at training wing of Dutch-Bangla Bank Limited at Dilkusha in Dhaka. Record date for EGM is October 17.
Source: DSE

Apple stumble seen opening door for rivals

Rival smartphone makers could exploit a rare letdown by Apple in the launch of its new iPhone 4S model, which failed to wow fans, and grab a bigger share of the most lucrative part of the phone market.

However, analysts also noted that Apple has decided to keep older iPhone models and slash their prices, potentially helping the company to expand sales in lower-end and developing markets, where Nokia and Samsung have dominated.

'Apple no longer has a leading edge, its cloud service is even behind (Google's mobile operating system) Android; it can only sell on brand loyalty now,' said Gartner analyst CK Lu in Taipei.

'Users may wait to buy the next iPhone; if they can't wait, they may shift to brands with more advanced specs.'

The iPhone — introduced in 2007 with the touchscreen template since adopted by rivals — has proved to be the gold standard in the booming smartphone market, and its surging sales have hit the ambitious plans of many competitors.

But shares in Samsung Electronics, HTC and LG Electronics, which all make phones using Google's Android operating system, ended higher after Apple unveiled the iPhone 4S at its Cupertino, California headquarters overnight.

The new iPhone 4S is identical in form to the previous model, disappointing fans who had hoped for a thinner, bigger-screened design of a product that had not been updated for more than a year.

While the device's high-tech wizardry such as voice commands — for sending messages, searching for stock prices and other applications — caught the attention of many analysts, it might not be enough to make it a must-have for consumers.

Unions to join anti-Wall St protest

US activists protesting corporate greed prepared for a downtown Manhattan march Wednesday that will include support from unionised teachers and transportation workers.

The 'Occupy Wall Street' web site said the demonstration, scheduled for 4:30pm (2030 GMT), will begin at New York City Hall and end at Liberty Plaza, in southern Manhattan.

The march is supported members of the United Federation of Teachers, which represents most of the city's public school teachers; the Workers United and Transport Workers, which represents many of the city's bus drivers; and Professional Staff Congress-CUNY (PSC-CUNY), which represents more than 20,000 professors and staff at the City University of New York.

The unions are all on record expressing solidarity with the protesters.

'Union members and community members impacted by the economic crisis have been demanding that Wall Street and New York's wealthiest pay their fair share of taxes,' read the main Occupy Wall Street web site.

'Let's march down to Wall Street to welcome the protesters and show the face of New Yorkers hardest hit by corporate greed.'

Protesters have installed a makeshift camp in a small park near Wall Street in New York since September 17.

Activists responding to a call from the Canadian anti-consumer group converged on New York's Financial District, but were unable to invade Wall Street as hoped and came in far smaller numbers than predicted.

But their numbers have since grown, as has their media presence. Similar demonstrations have cropped up in Boston, Chicago, Los Angeles and elsewhere.

The new protest comes four days after more than 700 protesters were arrested on the Brooklyn Bridge when they defied police and stalled traffic. The Saturday demo was their biggest demonstration yet against government-backed banking bailouts and corporate influence in US politics.

Police said most of those arrested were issued criminal court summons and citations for disorderly conduct before being released later in the day.


Dhaka stocks end flat amid lacklustre trading

Dhaka stocks ended flat in volatile trading on Wednesday posting a low turnover as the lack of confidence among investors and the liquidity crisis continued to haunt the market.

The benchmark general index of Dhaka Stock Exchange, or DGEN, crawled up by 0.017 per cent, or 0.97 points, to close the day at 5,727.80 points.

The day's turnover of the bourse, however, increased to Tk 296.01 crore from that of Tk 285.21 crore on the previous day.

Market operators said as some large investors on the day went into buying it pushed the share prices up in the opening hours. But, the early rise faded fast as a section of retail investors went into panic sell-offs seeing the market had continued to fall in the previous three trading sessions.

Announcement by the market regulators and stakeholders of taking various market stabilising measures perhaps made the investors even more confused and panicky, seeing none of those had been implemented yet, they said. 

'Investors are panicked as they see all the regulatory moves failing to stabilise the market and many of them want to leave the market for good,' said a stockbroker.

'So, whenever market goes up they go for selling from the fear that the gaining streak may not last long,' he said.

He also said that on Wednesday many investors refrained from trading and took a wait-and-see policy as they could not sell out their shareholdings it would mean huge losses. 

'But, even if some of them wanted to sell shares and leave the market, a huge negative balance in portfolios restricted them from doing that. Otherwise, the selling pressure today would have been greater as investors did not have the minimum confidence in the market,' he said.

The market was volatile throughout today's trading session and closed flat at the end, said BRAC EPL in its daily market commentary.

A section of retail investors, who had lead the street demonstrations in the last few weeks, on Wednesday met the Securities and Exchange Commission chairman to seek the capital market watchdog's help in bailing out their fellow investors of the cases lodged against them during the protest. They said 31 investors were charged for vandalism and creating nuisance in public during the demonstration on September 19.

SEC chairman M Khairul Hossain assured the investors he would look into the matter.

Grameenphone, the highest weighted issue on the DSE, lost value of Tk 3.3 or 2.10 per cent on Wednesday as the Bangladesh Telecommunications Regulatory Commission on Tuesday said the government would take legal action against GP to realise outstanding taxes and revenue worth Tk 3,034 crore.

Among the major sectors, bank declined by 0.26 per cent, while non-bank financial institutions advanced by 0.38 per cent, and fuel and power 0.09 per cent.

Lafarge Surma Cement was the highest traded scrip of the day with a transaction volume of Tk 20.18 crore. The rest of the turnover leaders on the top-10 list were Grameenphone, Eastern Housing, Beximco Synthetics, Beximco, National Bank Ltd, BD Thai Aluminium, Summit Power, Beximco Pharma, and City Bank.

Of the 257 issues traded on the day, 152 advanced, 90 declined, and 16 remained unchanged.


8 ICB mutual funds get one more year before redemption

The Securities and Exchange Commission on Wednesday extended the deadline for the redemption of eight mutual funds

of the Investment

Corporation of Bangladesh by one year to December

31, 2012.

'The commission has decided to extend the deadline considering the request made by the ICB and the current market condition,' SEC executive director Saifur Rahman told reporters.

The eight mutual funds are 1st ICB MF, 2nd ICB MF, 3rd ICB MF, 4th ICB MF, 5th ICB MF, 6th ICB MF, 7th ICB MF, and 8th ICB MF.

The total size of the eight mutual funds is Tk 17.75 crore.

Before Wednesday's consent, the SEC rejected the same request made by the ICB for four times.

The SEC on Wednesday also approved the prospectus of Tk 50 crore VIPBNLI First Mutual Fund. The sponsor of the fund is National Life Insurance Company that will invest Tk 10 crore to the fund. Another Tk 10 crore will be added to the fund raised through pre-IPO placement.

The total number of units of the fund is five crore, each having a face value of Tk 10 and the fund will raise the remaining Tk 30 crore from the market through floating an  initial public offering.

The VIPB Asset Management Company is the fund manager and the Investment Corporation of Bangladesh is its trusty and custodian.

Inadequate sanitation costs country 6.3 per cent of GDP: report

Inadequate sanitation causes Bangladesh an economic loss of about $4.22 billion (Tk 30,000 crore) a year, according to a new report published by the Water and Sanitation Programme, a multi-donor partnership led by the World Bank.

The annual loss is equivalent to 6.3 per cent of the country's gross domestic product in 2007, said 'The Economic Impacts of Inadequate Sanitation in Bangladesh' report based on evidence of the adverse economic impacts of inadequate sanitation that included costs associated with deaths and diseases, accessing and treating water, and loss of education, productivity, and time.

The findings of the report are based on 2007 figures, although a similar magnitude of losses is likely in later years, said a WB press release on Wednesday.

The report also shows that the losses incurred due to premature mortality and other health-related impacts of poor sanitation totals around $3.56 billion (Tk 25,000 crore) or about 84.3 per cent of the total economic loss due to inadequate sanitation.

This is followed by the loss of productive time to access sanitation facilities or sites for defecation that stands at $454 million (Tk 3,000 crore) or 10.8 per cent and the loss incurred from the drinking water-related impacts that accounts for $207 million (Tk 1,500 crore) or 4.9 per cent of the total economic adverse impacts.

Ninety-five per cent of the premature mortality-related economic losses are due to deaths and diseases among children under five. Diarrhoea among these children accounts for $1.46 billion (Tk 10,000 crore) or 40.9 per cent of all health-related adverse economic impacts, the press release said.

In Bangladesh, diarrhoea is the largest contributor to health-related negative economic impacts resulting from poor sanitation, amounting to two-thirds of the total health-related adverse impacts. This is followed by acute lower respiratory tracts infections, which account for about 15 per cent of all health-related adverse impacts.

Poor households, which are the biggest victims of inadequate sanitation, experience about 71 per cent of the total economic adverse impacts of inadequate sanitation, the release added.

The amount of the losses caused by poor sanitation exceed Bangladesh's national development budget for 2007-2008 by 33 per cent.

'The total amount of these losses is five times higher than the national health budget, and three times higher than the national education budget,' said World Bank Bangladesh country director Ellen Goldstein.

'Similar studies carried out in East Asia and India indicated annual per capita losses in the range of $9.3 in Vietnam, $16.8 in the Philippines, $28.6 in Indonesia, $32.4 in Cambodia, and $48 in India,' said Water and Sanitation Programme South Asia regional team leader Christopher Juan Costain.

'Bangladesh lost $29.6 per capita, which demonstrates the urgency of improving sanitation in the country,' he added.

BTRC-GP to sit next week to resolve dispute

Bangladesh Telecommunication Regularity Commission has asked the Grameenphone to sit next week with the regulator to resolve the dispute on unpaid tax and revenue.

The regulatory authority in a letter on Wednesday advised the mobile phone operator to sit on Monday next for clarifying their position on the unpaid amount of Tk 3,034 crore. The regularity body issued the letter in response to the GP's Tuesday's letter to BTRC, requesting a date for bi-lateral discussion.

A BTRC official said they had suggested GP sent a team of 3-5 members to have discussion about their queries regarding the audit and unpaid payment.

GP sources confirmed receiving the letter from BTRC, but could not make any comments on the possible meeting.

BTRC chairman major general Zia Ahmed (retd) told the news agency on Wednesday that he expected that the company would sit for discussion instead of giving press statement.

Earlier on October 4, the telecom regulator asked GP to pay their unpaid tax and revenue of Tk 3,034 crore by October 24 or face legal action. Of the amount, Tk 2146.54 crore is owed to the BTRC and rest Tk 887.57 crore to the National Board of Revenue.

MA Rouf’s death anniv today

The 11th anniversary of death of former chairman of the Bangladesh Muktijoddha Sangsad, MA Rouf, also a secretary to the government, is going to be observed today.

The family of MA Rouf, also the former chief engineer of Public Works Department, at a press release requested his relatives, friends and well wishers to pray for him.


WB approves $172 million for installing 630,000 solar home systems

The World Bank on Tuesday approved US$ 172 million to support installation of an additional 630,000 solar home systems and other renewable energy mini-grid schemes in the country's rural areas.

The credit from the International Development Association, the World Bank's concessionary arm, has 40 years to mature with a 10-year grace period and carries a service charge of 0.75 percent, said a WB press release issued on Wednesday.

The US$ 172 million credit is an additional financing to the ongoing Rural Electrification and Renewable Energy Development Project following success in installing solar home systems in rural areas where grid electricity is not economically feasible or hard to reach.

The solar home system component of the RERED project is implemented by government-owned financial institution, the Infrastructure Development Company Limited and its partner organizations, mostly non-government organizations.

The World Bank had earlier provided additional financing of $130 million in end 2009. Since December 2009, more than 300,000 solar home systems have been installed.

More than a million homes and shops in remote areas have installed solar systems with support from the World Bank and other development partners. Such systems are most suitable for remote and dispersed communities which the national power grid connection cannot reach, the press release said quoting WB country director Ellen Goldstein.

The solar home systems have already improved the quality of life of millions of people in Bangladesh and provided opportunities for new village enterprises, the WB executive said.

Experts stress on creating awareness on hygiene practice

Government health officials and development workers put emphasis on creating awareness about risks and benefits of hygiene practices and proper food storage systems among people of the country.

They pointed out that washing cooking utensils before use and keeping the cooking place clean were essential to keep away different types of diseases and health problems.

They made the plea at the second meeting of Food and Agriculture Organisation's Food and Safety Promotion Working Group held at the Institute of Public Health in the city.

Mohammad Mahbubur Rahman, national advisor on preventive approaches to food safety and quality of FAO's Food Safety Project, said they were running a project to improve the consumers' health in the country.

'We are now developing the communication tools and materials to change the common practices in the country like washing hands or washing cooking materials with soap or ash before their use,' he said.

The project which was launched in January 2009 will continue till June next year.

The experts said if the cooking tools were not clean before cooking it would increase the risk of cross-contamination.

They put emphasis on utilising community health workers to make the common people aware about this as they have easy access to them.

They would use such tools like group discussion, folk music and mass media to make people aware of the health related problems

Community clinic revitalisation project director Makhduma Nargis and Consumers Association of Bangladesh president Kazi Faruque, among others, were present at the meeting.


FM writes to US, Canada for extradition of Mujib killers

The government has written to the US and Canada governments to hand over two Bangabandhu killers, currently staying in the two countries.

The letters were sent on Wednesday by foreign minister Dipu Moni to her counterparts - secretary of state Hillary Clinton and Canadian foreign affairs minister John Baird, director general of the external publicity wing Mohammad Shamim Ahsan told the news agency in the same evening.

Ahsan said the letters have been sent to Bangladeshi missions in Washington and Ottowa by fax, and those would be handed over to proper authorities in the respective ministries, along with notes.

'The same letters have also been sent to the Dhaka missions of the US and Canada,' he said.

Bangabandhu Sheikh Mujibur Rahman and his family were brutally killed in August 1975 by some army officials, and out of the 12 convicted, five were hanged in 2010, one died and six are absconding. One death sentenced convict lieutenant colonel (retd) M Rashed Chowdhury is now in the US, while another one, Noor Chowdhury, is in Canada.

Colonel (retd) Khandkar Abdur Rashid, lieutenant colonel (retd) Shariful Haque Dalim, Abdul Mazed and Moslehuddin are absconding, while Abdul Aziz Pasha died in Zimbabwe.

Interpol has issued a warrant of arrest against them.

The five convicted – Syed Faruque Rahman, Sultan Shahriar Rashid Khan, Bazlul Huda, Mohiuddin Ahmed and AKM Mohiuddin – were hanged on Jan 28 last year.


Bijayadashami today

Thousands of devotees on Wednesday joined the 'Mahanabami' ritual at temples and makeshift mandaps as the five-day Durga Puja ends with the immersion of Devi Durga and other deities today.

Organisers in the capital and reports coming from different parts of the country said that members of the Hindu community thronged some 28,000 mandaps,

including 199 in the capital city.

They said Wednesday's Mahanabami, the fourth day of Durga Puja, began in the morning with devotional offering called 'Maha-arati', a ritual administered by the Hindu priests at temples and mandaps and distribution of 'prosads' or sweets and fruits.

Leaders of the Bangladesh Central Puja Celebration Council said preparations are underway for the ceremonial immersion of the clay-made statues of Durga on the concluding day of the festival called Bijoyadashami today.

Tomorrow is a public holiday. On the day of Bijayadsahami, Dashami

Bihit Puja will be held at different puja mandaps by 9:57 in the morning,

while all formalities will end with the immersion of

Devi Durga and other goddesses.

The Dhakeshwari National Temple is to witness the biggest celebration today as the deity Durga will be escorted in colourful processions to the Sadarghat river port to be immersed, the grand ritual to be followed by Bijaya rally or victory procession.

The programmes of the Mahanagar Sarbajanin Puja Committee include voluntary blood donation at Dhakeswari National Temple at 12:00 noon and Bijaya rally at 4:00pm in the afternoon.

Bangladesh Television as well as private TV and radio channels will broadcast special programmes, while national newspapers will bring out special articles on the occasion.

The president, Zillur Rahman, will host a reception at Bangabhaban at 11:00am for leaders of the Hindu community on the occasion of Durga Puja.

President of Bangladesh Central Puja Celebration Council Subrata Chowdhury and general secretary Mangal Chandra Ghosh greeted the countrymen in a joint statement on the eve of the Bijayadashami.

They thanked all including the political parties, the government and law enforcement agencies for their assistance in celebrating the Durga Puja in a festive mood.

On behalf of the Hindu-Bouddha-Christian Oikya Parishad, major general (retd) CR Datta and Rana Dasgupta also greeted the countrymen on the occasion.


Crystal clarity wins Chemistry Nobel

Israeli scientist Daniel Shechtman Wednesday won the 2011 Nobel Prize for Chemistry for the secret of quasicrystals, an atomic mosaic whose discovery overturned theories about solids.

Shechtman, aged 70, ran into fierce hostility among fellow chemists after making a eureka-like discovery

in 1982 that at the time was dismissed as laughable.

Today, his work 'has fundamentally altered how chemists conceive of solid matter,' the Nobel jury said.

'It's a paradigm shift in chemistry. His findings have rewritten the first chapter of textbooks of ordered matter,' Sven Lidin, a member of the Nobel Committee for Chemistry, said in a separate tribute.

Quasicrystals are crystals whose atomic pattern is highly geometrical yet never repeats. To the untutored eye, they look strikingly similar to the tiled patterns of abstract Islamic art.

His exploit can be pinpointed to April 8, 1982, one of the extremely rare examples when a scientific breakthrough can be dated to a moment in time.

He had melted a mix of aluminium and manganese and then rapidly chilled it before studying the outcome at the atomic level under the electron microscope.

Expecting to see disorder, Shechtman instead saw concentric circles, each made of 10 bright dots the same distance from each other.

Four or six dots in the circles would have been possible, but absolutely not 10 — a finding that caused him to say out loud in Hebrew, 'There can be no such creature'. He wrote in his notebook, '10 Fold???'

'It was forbidden by the paradigm, by the rules that the International Union of Crystallographers had created,' Shechtman said in a previous interview with the Israel Institute of Technology in Haifa where he is a professor, and rebroadcast by Swedish radio on Wednesday.

'I was ridiculed. I was treated badly by my peers and my colleagues and the head of my laboratory came to me smiling sheepishly, and he put a book on my desk and said 'Danny, why don't you read this and see that it is impossible what you are saying?'

'I said, 'I don't need to read it... I know it's impossible, but here it is.'

Shechtman's findings were so controversial that he was ultimately asked to leave his research group at the US National Institute of Standards and Technology.

It was only in November 1984 that Shechtman was able to find a journal — Physical Review Letters — where with a trio of other researchers he could publish his data.

'The article went off like a bomb among crystallographers,' the Nobel jury said.

'It questioned the most fundamental truth of their science: that all crystals consist of repeating, periodic patterns.'

Quasicrystals have been found in the lab and some have been discovered to occur naturally in minerals.

Their closely-packed structure helps them strengthen materials, with potential outlets in consumer products such as frying pans and machines such as diesel engines which experience high heat and mechanical stress.

The new laureate will receive the 10 million Swedish kronor ($1.48 million, 1.08 million euros) prize at a formal ceremony in Stockholm on December 10, the anniversary of the death of prize creator Alfred Nobel.

On Tuesday, Saul Perlmutter and Adam Riess of the United States and US-Australian Brian Schmidt shared the Nobel Physics Prize for discovering that the expansion of the Universe is accelerating, a finding that implies the cosmos will end in frozen nothingness.

The Nobel medicine award was attributed on Monday to Bruce Beutler of the United States, Luxembourg-born Frenchman Jules Hoffmann and Ralph Steinman for insights into immunology.


Chhatak clash death toll rises to 3

Bodies of two men, went missing during bloody clashes between people of two villages in Companyganj and Chhatak upazilas of Sunamganj district, were recovered from the River Surma on Wednesday afternoon.

The police recovered the bodies of Jamshed Ali, 50, of Shankarpur village of Chhatak and Jamal, 35, of Billai village, from Bagai Dohor and Madhabpur areas of Habiganj respectively at 5:00pm on Wednesday.

With this, death toll from Tuesday's clash hit three. The other victim, Shahidul Islam, 65, son of late Akbar Ali of Parkul village of

Companyganj upazila was hit by lethal weapon and died on the spot on Tuesday.

Two more people, Yusuf Ali, 50, and Taj Uddin, 30, remained missing.

A series of clashes took place on Tuesday between inhabitants of Parkul village of Companyganj and neighboring Kalaruka village of Chhatak over a dam situated at neighboring Noyagang village in Companyganj.

People of both villages equipped with lethal weapons engaged in series of clashes which left over 100 injured,

three of them receiving treatment at Sylhet Osmani Medical College Hospital.

The police brought the situation under control in the afternoon.

More banks to add to banking sector turmoil

ENTRY of new banks will deepen the turmoil the banking sector is currently in, warns M Muzahidul Islam, a professor of banking

at Dhaka University.

'I think emergence of the new banks is likely to create pressure on several old banks to go for merger with other banks for survival, if not file for bankruptcy,' he said in an exclusive interview with New Age on September 28.

Muzahidul Islam believes it is not appropriate for the government to give permission to new banks on political consideration. 'In the present world order, most political, social and financial decisions are made on economic considerations; after all, we live in a political economy,' he said.

He also thinks that the banks need to have more customer-friendly rules and regulations.

'Most banks calculate monthly interest or profit or whatever they call it on savings account depending on the lowest balance of the account in a month,' he said.

'If an account holder maintain five million taka as balance in his or her account in the first 29 days, out of 30 days, in a month, and withdraw 4.9 million taka on the 30th day, the bank will calculate monthly interest or profit on Tk 100,000. It is not fair,' he added.

[ The full text of the interview is on Oped Page 9. ]