Sheikh Fazle Fahim, new FBCCI president

Sheikh Fazle Fahim, managing director of Obsidian Bangladesh Ltd, has been elected as the president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) for 2019-2021. Fahim, who represented the Gopalganj Chamber of Commerce and Industry, is the 22nd president of the apex trade body of the country. The senior vice-president of the outgoing committee, Fahim has replaced Shafiul Islam Mohiuddin.

Md Ali Ashraf, chairman of the election board of the FBCCI, announced the names of the president and seven vice-presidents at a meeting at the federation office in Dhaka yesterday. Md Muntakim Ashraf, representative of the Bangladesh Cold Storage Association, was elected as the senior vice-president.  This time, seven vice-presidents were elected with three each from chamber and association panels.

শেখ ফজলে ফাহিম ২০১৫-১৭ মেয়াদে এফবিসিসিআইয়ের পরিচালক এবং ২০১৭-১৯ মেয়াদে সিনিয়র সহসভাপতি হিসেবে দায়িত্ব পালন করেছেন। একই সঙ্গে তিনি কনফেডারেশন অব এশিয়া-প্যাসিফিক চেম্বার অব কমার্স অ্যান্ড ইন্ডাস্ট্রির ভাইস প্রেসিডেন্ট এবং সার্ক চেম্বার অব কমার্স অ্যান্ড ইন্ডাস্ট্রির নির্বাহী কমিটির সদস্য হিসেবে দায়িত্ব পালন করছেন। এশিয়া ও প্রশান্ত মহাসাগরীয় অঞ্চলের ২৬টি জাতীয় চেম্বার সংগঠনের প্রতিনিধিত্ব করারও অভিজ্ঞতা রয়েছে তার। তিনি ২০১৮ সালে ডি৮ কমিশনের বিজনেস ডেলিগেশন, ২০১৭ সালে বিশ্ব বাণিজ্য সংস্থার সম্মেলনের নেতৃত্ব দিয়েছেন। এছাড়া প্রধানমন্ত্রী ও মন্ত্রীদের সঙ্গে তিনি বিভিন্ন আন্তর্জাতিক সম্মেলনে যোগ দিয়ে গুরুত্বপূর্ণ ভূমিকা পালন করেছেন। বঙ্গবন্ধুর দৌহিত্র শেখ ফজলে ফাহিম বাংলাদেশ আওয়ামী যুবলীগের নির্বাহী কমিটির সদস্য।

Bangladesh biman hijack attempt: A journey by plane that I will never forget | Daily Star

Kazi Mashiur Rahman, ex-MD and CEO of the Mercantile Bank Ltd, uploaded this post on his Facebook page to share what he saw, experienced and perceived in Sunday’s attempted ‘plane hijack’ drama among his friends and families. This is the first eyewitness account available since the incident. He witnessed it all up-close, sitting on the front row. The Daily Star last night talked to Mashiur, now in Dubai, and sought his permission to run his unedited account as it may give readers an idea about what actually happened inside the Bangladesh Biman plane.

On February 23, 2019, I officially turned 65. According to the rules of Bangladesh Bank, it was time to say goodbye to my career as a professional banker. My friends, family and colleagues congratulated me on a job well done, and encouraged me to look forward to some well-deserved rest and relaxation. Little did I know that the first day of my retirement would turn out be one of the most harrowing days of my entire life.

Lily and I had planned to visit her sisters in Dubai immediately after my retirement. Once I lived and worked In Dubai for a long time. It would allow us to reconnect with loved ones and give me some time to think about what I wanted to do next.

So, on the afternoon of February 24, we boarded BG147 from Dhaka to Dubai via Chittagong. We hadn’t flown with the national carrier on international flights in over a decade, but, hearing stories of how much it had improved in the past few years, we decided we’d give their Business Class a try. Lily and I were sat in the window and aisle seats, respectively, in Row 2, just one row away from the front bulkhead on the left side of the plane. And elderly lady and another gentleman (most probably an Indian) sat in front of us on the right side. Soon after the plane left Dhaka, the gentleman moved to the left side with the permission of the cabin crew, leaving a aisle seat empty in front of me.

The journey was unremarkable for the first 15/20 minutes or so of the 50 minute flight. Then, suddenly a young man entered into business class a young man from Economy Class entered into business class and sat in the now empty seat in front of me, a backpack on his lap. The cabin crew was taken aback, but, before anyone could protest, he unzipped his backpack, reached in, and retrieved a handgun, a lighter and what looked like an explosive device. He stood up, made his way to the front galley in front of the closed cockpit door and proclaimed, in English, “This plane has been hijacked! Open the cockpit door immediately….I will blow out the plane if it’s landed. “Terror overcame the front cabin at these words. The curtains were still drawn (opened later on) so it’s possible that no one at the back was yet aware what was going on, but we could see the hijacker was armed. To prove his point, he fired his handgun once at the door of the unoccupied lavatory in the front. The smell of gunpowder filled the pressurized cabin air.

“I am a Scottish citizen. I have only one demand: I want my wife back. She is a celebrity. …. “shouted the man. His manner wasn’t normal: it seemed he was either severely unbalanced or on some sort of drugs.

As the one occupying the aisle seat nearest the front of the plane, I was closest to the would-be terrorist. I asked him whether his wife was in board. “No, she’s not in the plane,” he replied.

He soon became increasingly agitated. He started kicking at the cockpit door, demanding to be let in. There was no verbal response from the cockpit, but the pilot might have heard the message loud and clear. Plane started descending sharp. The plane went into a near free fall as we began climbing down from 30,000 feet towards the ground at an alarming speed. On our way down the plane rolled violently from side to side. I would later find out from the pilot that he had only one objective: to get the plane on the ground at Chittagong before the cockpit was breached. He knew he had the lives of nearly 150 souls in his hands, and he did all he could to keep the controls out of the hand of the madman. The rolls were to try to knock the man off balance.

In his agitation, the terrorist blank fired his gun again. At this, the crew who had been trying to placate him realized that he was dangerously unpredictable and ran back towards the economy cabin. An uproar ensued, as those passengers in the back began to realize the full gravity of the situation.

I spoke up again, shouting at him to be reasonable. “What good will it do to kill all of us? Let us land and all 150 of us will request to the authorities so that we can get you what you want.” He was unrelenting, saying that if the plane is landed he would be arrested. And he would not allow that to happen. He will blow the plane with bomb.

He kept waving a lit lighter near the fuse of the explosive in his hand, threatening to blow us all up. “I know I will be arrested when this plane lands.”

At first I had feared that he may have accomplices stationed in other areas of the plane. But hearing him speak and watching him move, it became clear to me that he was most likely alone and he didn’t have the skills or temperament to take control of the situation. But the explosive and handgun were dangerously unpredictable.

As we continued our rapid descent, I could see the Bay of Bengal fast approaching in the window. The approach at Chittagong begins over the sea, but I wasn’t sure if we had enough height and speed to make it to land or whether the pilot was attempting a water landing. Eventually the plane’s wheels hit the edge of the runway and the pilot slammed on the brakes. The speed at which we hit the tarmac had me concerned about damage to the plane or skidding of the runway, but the pilot was very quickly able to bring us to a slow crawl.

My own situation was dire. I was the first person in the young man’s line of sight. If he was going to shoot anyone, it would likely start with the cabin crew or me and my wife. If he was going to trigger his explosive, I would take the most impact. I had to get out of there, and move to relative safety at the back of the plane.

An opening presented itself when the man was engaged by the cabin crew in a heated discussion. I grabbed my wife Lily by the arm and we crawled on our arms and knees out of our seats into the aisle and towards the back of the plane. Others in the business cabin followed.

When we got to the back, one of the emergency exits had already been opened and there was a crowd of people blocking it. The exit opposite it had not yet been opened so I tried that instead. I’ve never opened a plane’s exit door and I’m not sure how I managed, but I got it open and stepped out onto the wing.

I hadn’t quite realized how much of a drop it was from the wing to the tarmac. Must have been 12 feet or so. I had no choice, I jumped. It felt like I kept falling and it wasn’t exactly a smooth landing. Later I realized I had badly scraped my ankle and slightly twisted my knee. But at the time all I could think about was helping Lily down. I looked up and saw her sitting by the edge of the wing, crying. I reached up but couldn’t reach her legs hanging over the wing. I urged her to jump so I could catch her. Before she had a chance to respond, someone from behind her pushed her off, and she landed roughly, only partially caught by me. I was still afraid of the purported explosive in the terrorist’s hand and wanted to get as far away from the plane as possible. We were in no state to run but we walked as quickly as we could toward the terminal in the distance. As we walked past the still running jet engine, a blast of hot air knocked Lily and me off our feet again. Thank God we didn’t walk in front of the engine, I don’t know if we could have resisted being sucked in. By this time her throat was parched and she couldn’t speak. She looked like she was about to faint/die. Someone from the airport came running to us and, grabbing someone else’s half-drunk water bottle offered it to her.

As we made it back into the airport, an overwhelming sense of relief came over me. At that point in time I realised that we left behind in the plane our passport, Boarding pass, mobile and all other valuables By the Grace of the Almighty, we had somehow survived. At many points in the last 30 minutes, I had told myself: this is it, this is how my life ends. What an irony, people would say, the first day of his retirement would be the last of his life. But the All-Merciful has other plans for Lily and me. I’m not sure what they are yet, but I know nothing I do will be quite the same after this experience.

একুশের প্রথম প্রহরে শহীদদের প্রতি বিনম্র শ্রদ্ধা

ভাষা আন্দোলন দমন করতে ১৯৫২ সালের আজকের এই দিনে তৎকালীন পূর্ব পাকিস্তান সরকার ঢাকায় ১৪৪ ধারা জারি করে। ছাত্ররা ১৪৪ ধারা ভঙ্গ করে মিছিল করেন। সেই মিছিলে গুলি চলে। গুলিতে শহীদ হন সালাম, রফিক, বরকত, জব্বার। তাঁদের স্মরণেই দেশবাসী এই শহীদ মিনারের সামনে এসে বিনম্র শ্রদ্ধা জানায়। শ্রদ্ধা-ভালোবাসার ফুলে ছেয়ে যায় মিনারের বেদি।

একুশে ফেব্রুয়ারি মহান শহীদ দিবস ও আন্তর্জাতিক মাতৃভাষা দিবসের প্রথম প্রহরে কেন্দ্রীয় শহীদ মিনারে পুষ্পস্তবক অর্পণ করে ভাষাশহীদদের প্রতি গভীর শ্রদ্ধা নিবেদন করেছেন রাষ্ট্রপতি মো. আবদুল হামিদ ও প্রধানমন্ত্রী শেখ হাসিনা। বুধবার দিবাগত রাত ১২টা ১ মিনিটে প্রথমে রাষ্ট্রপতি আবদুল হামিদ শহীদ মিনারে পুষ্পস্তবক অর্পণ করেন। এরপরই পুষ্পস্তবক অর্পণ করেন প্রধানমন্ত্রী শেখ হাসিনা।

এ সময় ‘আমার ভাইয়ের রক্তে রাঙানো একুশে ফেব্রুয়ারী/ আমি কি ভুলিতে পারি’ গানের সুর বাজতে থাকে। পুষ্পস্তবক অর্পণের পর রাষ্ট্রপতি ও প্রধানমন্ত্রী কিছুক্ষণ নীরবে দাঁড়িয়ে থেকে ভাষা আন্দোলনের শহীদদের স্মৃতির প্রতি গভীর শ্রদ্ধা নিবেদন করেন।

প্রধানমন্ত্রী একুশের শহীদদের প্রতি শ্রদ্ধা জানিয়ে বলেন, ‘বাংলাদেশের মানুষ মাথা উঁচু করে চলবে, কারণ একুশ আমাদের শিখিয়েছে মাথা নত না করা। একুশ আমাদের শিখিয়েছে কীভাবে নিজেদের অস্তিত্ব রক্ষা করা যায়। কীভাবে নিজের মাতৃভাষা, শিক্ষা, সংস্কৃতি এবং ঐতিহ্য সবকিছুকেই রক্ষা করা যায়।’

Precaution for dishonest businessmen and bankers

A special audit will be conducted into every bank for dishonest businessmen and bankers to find out who took loans and where the imported capital machinery were set up. Defaulting on a loan is a crime for anyone as it is public money while warning of strict actions against willful defaulters. There are two types of borrowers, one who takes loans with the intent of never paying back and the other who fails to pay back due to circumstances beyond his/her control. We want to know who the genuine businessmen are and who the dishonest ones are. Malaysia successfully brought discipline to its financial sector due to the strict rules and regulations where a list of defaulters is circulated to all agencies. Defaulters are barred from leaving the country.

Banking Contents for a Banker

Bangladesh should follow Malaysia’s practice. Good borrowers should be encouraged and bad borrowers should be punished. Dishonest businessmen will not be spared. Punitive actions will also be taken against the bankers helping the dishonest businesses. But if any businessperson fails to pay back loans due to genuine reasons, he will be treated with kid gloves. It seems that some people take loan in the name of export but the export proceeds do not come into the country. The same people are doing the same thing over and over again but banks are not looking at it. Strict action will have to be taken in such cases.

Primary and Secondary Data

Data collection plays a very crucial role in the statistical analysis. … As the name suggests, primary data is one which is collected for the first time by the researcher while secondary data is the data already collected or produced by others.

Banking Contents for a Banker

Principal-Agent Relationship|Responsibilities|Problems

Relationship

The principal agent relationship is an arrangement in which one entity legally appoints another to act on its behalf. In a principal-agent relationship, the agent acts on behalf of the principal and should not have a conflict of interest in carrying out the act. The relationship between the principal and the agent is called the “agency,” and the law of agency establishes guidelines for such a relationship.

Responsibilities

Whether the principal agent relationship is expressed clearly through a written contract or is implied through actions, the principal-agent relationship creates a fiduciary relationship between the parties involved. This means the agent acting on behalf of the principal must carry out the assigned tasks with the principal’s best interest as priority. The agent is responsible for completing tasks given by the principal so long as the principal provides reasonable instruction. Additionally, the agent has an obligation to perform tasks with a certain level of skill and care and may not intentionally or negligently complete the task in an improper manner. A duty of loyalty is also implied within the principal-agent relationship, which requires the agent to refrain from putting himself in a position that creates or encourages a conflict between his interest and the interest of the principal.

Problems

The big problem with the principal/agent relationship is that agents don’t always act with the principal’s best interest at heart. An agent representing the principal in a business negotiation handles the work, but won’t see most of the profits. He may not be as dedicated as he would be if working in his own interest. A business manager may prioritize boosting his salary and benefits over making money for the owners. Agents acting under a power of attorney have sold the principal’s property and lined their own pockets.

Data vs. Information

Information refers to facts concerning a particular event or subject, which are refined by processing. Data are simple text and numbers, while information is processed and interpreted data. Data is in an unorganized form, i.e. it is randomly collected facts and figures which are processed draw conclusions.

Data vs. Information – Differences in Meaning. Data are simply facts or figures — bits of information, but not information itself. When data are processed, interpreted, organized, structured or presented so as to make them meaningful or useful, they are called information. Information provides context for data.

Banking Contents for a Banker|Hopes & Dreams

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