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Miracle at Evercare Hospital Dhaka

Evercare Hospital Dhaka

Evercare successfully delivered and discharged a baby born in 24 weeks

In a year plagued by COVID -19, some good news from our health sector. Recently a miracle took place at Evercare Hospital Dhaka. Doctors at the Neonatal Unit sent home one of the youngest prematurely born babies ever recorded in Bangladesh after 3 months of intensive and neonatal care. The Unit was led by Dr. Abu Sayeed Mohammad Iqbal, Senior Consultant, Pediatrics & Neonatology and Neonatal Intensivist, Coordinator, Neonatology of Evercare Hospital Dhaka.
The infant had a difficult neonatal period with a birth weight of only 750 grams and was delivered by Dr. Monowara Begum, Senior Consultant & Coordinator – Obstetrics & Gynecology of the hospital due to his mother’s premature labor, very high pressure, and vaginal bleeding. Previously, a 590gm baby had also survived at the same Hospital which is also one of the lowest on record in Bangladesh.
As Dr. Iqbal said, “What was not possible 15-20 years ago is very possible now, due to Advanced Neonatal Intensive Care Unit, experienced Neonatologist team, cardiac monitoring, modern technology, proper support, and Advanced Medical Facilities. The Neonatal team conveys their thanks and gratitude to all supporting departments and staff; this is an achievement of teamwork and professionalism from Evercare Hospital Dhaka.”
Bangladesh has shown tremendous success in healthcare by reducing deaths of children below the age of five, meeting the global target four years ahead of time; but the number of new-borns dying in Bangladesh is still very high at 62,000 every year, one of the highest rates worldwide, with half of all deaths occurring within the first day of life, and all of them within the first month of life (source: UNICEF). Stillbirth rates are also alarmingly high with nearly 230 cases every day. However, many cases are never recorded and many conditions behind such loss of life remain unknown. Evercare Hospital Dhaka with its combination of the best doctors, support staff, technology & facilities has always set the benchmark for healthcare in Bangladesh. This helps to ensure the best possible outcome and so such miracles happen more often at this hospital.
In such uncertain times, it is comforting to know that medical science marches on, saving new lives every day. This is another landmark achievement by the expert doctors at Evercare Hospital Dhaka, and a symbol of their never-ending commitment to the healthcare and well-being of the people of Bangladesh. Evercare Hospital Dhaka is the first and only Joint Commission International (JCI) accredited hospital in Bangladesh. The JCI Gold Seal of Approval is a globally recognized accreditation that reflects an organization’s commitment to best practices in quality and patient safety.
Evercare Hospital Dhaka is part of Evercare Group which includes 29 hospitals, 16 clinics, more than 70 diagnostics centers, and two brownfield assets in 5 countries around the world. A brand-new hospital, Evercare Hospital Chattogram, is scheduled to open this year which aims to deliver the same level of global quality healthcare for Chattogram residents.

Southeast University Organized a Discussion Session on Bangabandhu’s Homecoming Day

Southeast University Organized a Discussion Session on Bangabandhu's Homecoming Day

Southeast University (SEU) organized an online discussion session on 14 January to celebrate the Father of the Nation Bangabandhu Sheikh Mujibur Rahman’s Homecoming Day 2021. Prof. Dr. AFM Mafizul Islam, Vice-Chancellor of Southeast University presided over the program while Mr. Sheikh Kabir Hossain, Prominent Educationist and Chairman of the Association of Private Universities of Bangladesh (APUB) and Chairman of the Board of Trustees, Fareast International University graced the program as Chief Guest. Mr. Md. Rezaul Karim, Chairman, Board of Trustees, Southeast University was the Guest of Honor. Prof. Dr. ANM Meshquat Uddin, Adviser of BoT, SEUT delivered the Welcome Speech. Among others, Registrar, Deans, Chairmen and Directors of various departments, teachers, officials, and students of SEU were present in the program.

20 Most Influential Economists of 2021

20 Most Influential Economists of 2021

Unlike in the past, economists now wield considerable political power. Is their influence to be measured in political terms, as in how widely their ideas are implemented in public policy and law? Is their influence measured in the originality of ideas and profundity of analysis? Is their influence to be measured in the degree to which they’ve transformed the discipline? As these questions suggest, no single measure of influence applies across the board. With these questions in the background, The InCAP offers this list of its twenty most influential living economists. It’s an analysis of the International Corporate Association of Professionals (InCAP), so there is no opportunity for debate centering on this ranking.

Here are the 20 Most Influential Economists of 2021 who have had an enormous impact on society.

20. Kenneth Rogoff

Born: March 22, 1953 (age 67 years), Rochester, New York, United States

As a member of both the international monetary Fund (IMF) and the Federal Reserve, Mr. Kenneth provided the world with ways to eradicate corruption through various economic measures. He received his BA and MA from yale university and his Ph.D. from MIT. He is the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University. He is the Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard University. Moreover, he is also a Chess Grandmaster!

19. Israel Kirzner

Born: February 13, 1930 (age 90 years), London, United Kingdom

Not every economist of the world has the prestige to become a rabbi, but Israel Meir Kirzner is one of them. By developing his early life theological attributes to many of the otherwise latent theories, his theology was soundproof. However, while going on to economics, the transition was as easy as it sounds and his work on underutilizing entrepreneurship and applying it to competition and entrepreneurship becomes his forte. The competition itself is larger than what traditional supply and demand can provide and provides the basis for which the free leadership and society fit into one another. Liberty Fund is currently publishing Israel Kizner’s Collected Works in ten volumes under the supervision of Peter Boettke and Frederic Sautet.

18. Paul Milgrom

Born: April 20, 1948 (age 72 years), Detroit, Michigan, United States

As one of our times’ most successful economics, Paul Robert Milgrom has developed game theory and the theory of auction theory and pricing strategies. He was awarded the Nobel Memorial Prize in Economic Sciences last year (2020) for his work. He is also the co-creator of the No-trade theorem with Nancy Stokey and has founded many startups in the USA. He also designed for the FCC the system that would designate cellular frequency to a particular number of calls and also the formulator of the broadcast incentive auction, which basically auctions TV to wireless devices and vice versa for which he is most renowned.

17. Peter Boettke

Born: January 3, 1960 (age 61 years), Rahway, New Jersey

As one of the few very young economist who doesn’t defend analytical anarchism, a graduate of George Mason University and teacher and visiting lecturer of various universities around the world, being young yet recurring one of the best minds in economics hasn’t garnered him the praise that he deserves and for that due credit has to be given to him. Currently, he was at the University of Prague in the Czech Republic. Yes, we are talking about Peter Joseph Boettke. In addition to his academic positions, he is vice president for research at Mercatus Center and director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics.

16. Daniel Kahneman

Born: March 5, 1934 (age 86 years), Tel Aviv-Yafo, Israel

Daniel Kahneman is an Israeli psychologist and behavioral economist. If we combine both of these traits, which includes anthropology approach to human thinking. He draws social circumstances to put incentive through game theory. His book Thinking, Fast and Slow was the winner of the 2011 Los Angeles Times Book Award for Current Interest and the National Academy of Sciences Communication Award for the best book published in 2011 and became a best-seller. Daniel Kahneman was awarded the Nobel Memorial Prize in Economic Sciences in 2002.

15. Nassim Nicholas Taleb

Born: 1960 (age 61 years), Greater Amyoun, Lebanon

You might be surprised to see this name on this list. The Nobel Laureate Daniel Kahneman proposed the inclusion of Taleb’s name among the world’s top intellectuals, saying, “Taleb has changed the way many people think about uncertainty, particularly in the financial markets. His book, The Black Swan, is an original and audacious analysis of the ways in which humans try to make sense of unexpected events.” As his The Black Swan summarizes, his work concentrates on how to mitigate ill-fated factors by accepting situations created out of those very factors. And as there is a semblance of order out of chaotic existence, Mr. Nassim being a Lebanese-American hasn’t shifted his roots to protrude American vigor found in many USA personalities; he successfully describes the unforeseeable power of certain events that take place around us. He is an epistemologist of randomness rather than a businessman, and that is a perfect suit for him. His work on the probability of the limitations of knowledge using the ways to anticipate impossible scenarios has landed him in modern economics as a trend bearer.

14. Abhijit Banerjee

Born: February 21, 1961 (age 59 years), Mumbai, India

Abhijit Vinayak Banerjee is an India-born naturalized-American economist who is currently the Ford Foundation International Professor of Economics at Massachusetts Institute of Technology. He was a president of the Bureau for the Research in the Economic Analysis of Development. He is the co-author of Poor Economics. He also serves on the academic advisory board of Plaksha University, an upcoming science and technology university in India. His new book, co-authored with Esther Duflo, Good Economics for Hard Times, was released in October 2019 in India by Juggernaut Books. This Nobel laureate was sent to Delhi’s Tihar Jail for 10 days for participating in protests at Jawaharlal Nehru University in 1983.

13. Thomas Sowell

Born: June 30, 1930 (age 90 years), Gastonia, North Carolina, United States

Thomas Sowell is an American economist, social theorist, and senior scholar at the Hoover Institution at Stanford University. Early on in his life, he dropped out of high school but later went on to get a Ph.D. from the University of Chicago. He was influential and still continues to be because of his work on supply-side economics and free-market capitalism. As a social theorist, political philosopher, and economist, he is an author of over 30 books on a career that spans more than 70 years. His latest book is Charter Schools and Their Enemies, which was published in 2020.

12. Mark Skousen

Born: October 19, 1947 (age 73 years), San Diego, California, United States

After working for the CIA as an economist and later on getting a Ph.D. from George Washington University, Mark Andrew Skousen became the president of the FEE (Federal Economic Education), which is the largest think tank in America. He developed the freedom fest, a yearly conference that is the largest collection of libertarian-minded people in the world. In 2018, Skousen was awarded a Triple Crown in Economics by Steve Forbes for his work in economic theory, history, and education. He will always be remembered for his many valuable writings.

11. William F. Sharpe

Born: June 16, 1934 (age 86 years), Boston, Massachusetts, United States

William Forsyth Sharpe is yet another prominent American economist. He is the STANCO 25 Professor of Finance, Emeritus at Stanford University’s Graduate School of Business. He won the Nobel Memorial Prize in Economic Sciences in 1990. Some of his works are on the Capital Assisting Sharpe model, the Sharpe Ratio for risk-adjusted investment, and the binomial method to evaluate opinions.

10. Jeffrey Sachs

Born: November 5, 1954 (age 66 years), Detroit, Michigan, United States

Jeffrey David Sachs is one of the few economists who worked in economics to meet economics itself and the science of politics and merge these two different ideas for modern-day development. His best criterion was his research initiatives on a national scale rather than limiting them to market capitalism and private sector bankers. Sachs is an academic, public policy analyst, and former director of The Earth Institute at Columbia University, where he has earned a University Professorship. He is known as a leading expert on sustainable development, economic development, and the fight against poverty.

9. Christopher A. Pissarides

Born: February 20, 1948 (age 72 years), Nicosia, Cyprus

Sir Christopher Antoniou Pissarides FBA is a British economist originally from Cyprus. His work was on search frictions. He was awarded the Nobel Prize (2010) in economics. He is the School Professor of Economics & Political Science and Regius Professor of Economics at the London School of Economics, and Professor of European Studies at the University of Cyprus. His research focuses on topics of macroeconomics, notably labor, economic growth, and economic policy.

8. Amartya Sen

Born: November 3, 1933 (age 87 years), Santiniketan, India

There are people in the world of economics who study it for the sake of being proficient at math, while others do it to study nature. While Amartya Kumar Sen, a Nobel Prize-winning economist, had all those qualities, he created a system that helps us alleviate poverty and its psychology. Some of his methods are welfare economics, wealth distribution, choice, and game theory. This work has impacted the United Nations human development reports and has landed him in numerous teaching positions all around the world. Mr. Sen has received over 90 honorary degrees from universities around the world. In 2019, London School of Economics announced the creation of the Amartya Sen Chair in Inequality Studies.

7. Ernst Fehr

Born: June 21, 1956 (age 64 years), Hard, Austria

Very few economists rely on behavioral economics as a tool to detect market inflows. Mr. Ernest is one such guy who used behavioral economics to explain altruism in terms of economists, and this has elevated economics into a more mathematical modeling science than it was perceived to be. In 2010 Mr. Ernst founded, together with his brother, Gerhard Fehr, FehrAdvice & Partners, the first globally operating consultancy firm completely dedicated to behavioral economics.

6. Hernando de Soto

Born: June 1941 (age 79 years), Arequipa, Peru

Originally from Peru, Soto has radicalized economics itself. Using moral boundaries and what is actually possible through free-market capitalism is some of his trademarks, and even amidst violence, through procedural science wins, and he has shown it. His work in the developing world has been acclaimed by countless heads of state around the world, especially his publication The Mystery of Capital. He is the current president of the Institute for Liberty and Democracy (ILD), a think tank dedicated to economic development in developing countries based in Lima, Peru.

5. Paul Krugman

Born: February 28, 1953 (age 67 years), Albany, New York, United States

Being a Nobel Prize winner isn’t that easy and doing that too being a public intellectual is a more difficult task. After giving lectures in universities such as MIT and Princeton, the audacity which follows him hasn’t pervaded his brilliance. A brilliant man and a genius economist, his tenure with The New York Times make him one of the most noted economists of the modern generation. His research concentrates on trade and how dissimilar attitudes and resource allocation between nations affect trade is some of his most groundbreaking works. To put it simply, why a nation with a wealth gap become trade partners and the trade barriers exceeding one another.

4. Esther Duflo

Born: October 25, 1972 (age 48 years), Paris, France

Esther Duflo is a Nobel prize-winning economist who got the award in 2019, basing more of her works to put economic models to alleviate poverty. Her work mainly concerns how she developed randomly controlled trials and how she used them to build the poverty control lab at MIT to carry out further research on the economics of the poor.

Duflo is a National Bureau of Economic Research (NBER) research associate, a board member of the Bureau for Research and Economic Analysis of Development (BREAD), and director of the Centre for Economic Policy Research’s development economics program.

3. Andrei Shleifer

Born: February 20, 1961 (age 59 years), Moscow, Russia

Andre Schleifer is a Russian-American economist and professor of economics at Harvard University, where he has taught since 1991.

Shleifer was awarded the biennial John Bates Clark Medal in 1999 for his fundamental works in three fields: corporate finance, the deviations from efficient markets, and the economics of transition.

In 1997, the USAID canceled most of its funding for the Harvard project after investigations showed that top Harvard Institute for International Development (HIID) officials Andrei Shleifer and Jonathan Hay had used their positions and insider information to profit from investments in the Russian securities markets. Among other things, the Institute for a Law Based Economy (ILBE) was allegedly used to assist Shleifer’s wife, Nancy Zimmerman, who operated a hedge fund that speculated in Russian bonds.

In August 2005, Harvard University, Shleifer and the Department of Justice reached an agreement under which the university paid $26.5 million to settle the five-year-old lawsuit. Shleifer was also responsible for paying $2 million worth of damages, though he did not admit any wrongdoing.

2. Joseph Stiglitz

Born: February 9, 1943 (age 77 years), Gary, Indiana, United States

Joseph Eugene Stiglitz is an American economist who got the Nobel prize in 2001 in economics and is mostly renowned for Georgist policy theory and his critical view of globalization and his views on free-market fundamentalists the laissez-faire theorists. He is a former senior vice president and chief economist of the World Bank and is a former member and chairman of the (US president’s) Council of Economic Advisers.

1. Dambisa Moyo

Born: February 2, 1969 (age 51 years), Lusaka, Zambia

An award-winning author of new york times bestseller books, Dambisa Moyo is one of the most underrated economists of our time. Her origins are from Zambia, and her education ranges from her Ba from American university at Washington to the University of Oxford. Her research is a constituent of Macroeconomic theory and global affairs. Some of her most renowned books, namely Dead Aid and How The West Was Lost, are among many of her The New York Times bestseller list of books that she got published. Her main work in the World Bank and Goldman Sachs was on debt capital markets, hedge funds coverage, and global macroeconomics. Moyo is a member of the World Economic Forum (WEF) and Bretton Woods Committee, and a regular contributor to Project Syndicate since 2013.

That’s the end of the list of 20 Most Influential Economists of 2021. If you have any feedback on the list or have any economics influencers that you think we should consider adding to the list, please contact us at [email protected]
Thank You!

Special Thanks To
Engr. Samin Shadman Zahir
Contributor, The InCAP

Guardian Life’s CFO Promoted to DMD and Assumes Responsibility of Acting CEO

Mr. Sheikh Rakibul Karim - Guardian Life

Country’s prominent life insurance company Guardian Life Insurance Limited is pleased to announce the promotion of the company’s current CFO Mr. Sheikh Rakibul Karim, FCA to the position of DMD. He will also be taking charge as the Acting Chief Executive Officer (CEO) of the company.

The fastest-growing life insurance company Guardian Life has always been a strong proponent of dynamism and innovation. Hence, recent changes have been made to the top management team to optimize the company’s overall function and business growth considering the vision of the company in 2021 and onwards.

Mr. Sheikh Rakibul Karim is a fellow member of the Institute of Chartered Accountants of Bangladesh (ICAB), qualified in 2006 from KPMG Bangladesh under ICAB. He has over 22 years of total management experience and 18 years of cumulative experience in Senior Financial Management roles at highly acclaimed companies like Grameenphone, Banglalink, and KPMG.

Let us congratulate him on his elevated responsibility and his coming days as a torchbearer of positive change for the bigger insurance industry.   

Mr. Kabir Ahmed Has Become The DMD of NRBC Bank

Mr. Kabir Ahmed

Mr. Kabir Ahmed has been promoted to the rank of Deputy Managing Director (DMD) at NRB Commercial Bank Ltd (NRBC Bank).

Prior to the promotion, Mr. Kabir Ahmed served the bank as the Senior Executive Vice President. He serves the Bank as the Head of International Division and Chief Anti Money Laundering Compliance Officer (CAMLCO). Mr. Kabir Ahmed started his banking career at Islami Bank Bangladesh Limited in 1991.

After serving in Prime Bank Limited, Al Arafah Islami Bank Limited, Mercantile Bank Limited, he joined NRBC Bank in 2013. He achieved B.Com (Honors) and M.Com degree in Accounting from University of Chittagong.

Where is Jack Ma?

Where is Jack Ma?

Jack Ma’s businesses are under enormous pressure right now. But the co-founder of China’s most successful tech empire and legendary billionaire entrepreneur hasn’t been heard from in months.

Ma hasn’t made a public appearance or social media post since late October, just over a week before a much-anticipated stock market listing of Alibaba’s (BABA) financial affiliate, Ant Group, was blocked at the last minute by Chinese regulators.

Ant Group has gone from preparing the world’s largest initial public offering to being ordered to overhaul large swaths of its business. Chinese regulators have criticized the company for edging out rivals from the market and hurting consumer rights.

Alibaba, meanwhile, has been probed in China for alleged monopolistic behavior. And the Wall Street Journal reported last week that Beijing was seeking to shrink Ma’s empire and potentially take a larger stake in his businesses, citing Chinese officials and government advisers familiar with the matter.

Ma was even absent from the finale of an African talent show he created, according to the Financial Times. The newspaper reported that Ma was replaced as a judge during the November filming of the last episode of “Africa’s Business Heroes,” a television contest for entrepreneurs.

As recently as Oct. 12, Ma said he was looking forward to meeting the finalists during the online finale on Nov. 14. Alibaba told CNN Business on Monday that Ma “had to miss the finale due to scheduling conflict.” It declined further comment on his whereabouts.

Ma has kept a lower profile within China for some time now, said Duncan Clark, author of “Alibaba: The House that Jack Ma Built” and founder of investment advisory firm BDA China. He added that Beijing wants its narrative about the Ant Group IPO to dominate the public conversation — and that the company likely knows that it won’t help to have any “diversity of opinion” on the issue. “But certainly it’s remarkable … the silence is somewhat deafening,” he added.

While Ma no longer holds executive or board level positions at either of the companies he co-founded — he stepped down as Alibaba’s executive chairman in 2019 — he is still Alibaba’s biggest individual shareholder with nearly 5% worth about $25 billion. Ant Group said in regulatory filings last year that Ma has “ultimate control” over the company, and his personal wealth was expected to balloon after the public offering.

He has also frequently made public appearances to talk about his philanthropic work, which he made a major focus after retiring from Alibaba. His most recent post on Chinese social media platform Weibo, dated Oct. 17, for example, featured remarks he made at an education forum in China. Ma has also been a high profile speaker at major international events such as the World Economic Forum.

It was Ma’s last major appearance, though, that China tech observers suspect landed his business in hot water. At a conference in Shanghai in late October, Ma publicly criticized Chinese regulators for stifling innovation by being too risk-averse.

“What we need is to build a healthy financial system, not systematic financial risks,” he said. “To innovate without risks is to kill innovation. There’s no innovation without risks in the world.”

Days later, Chinese regulators summoned Ma and Ant Group executives to conduct what authorities called “regulatory interviews,” and the IPO was pulled. Oanda market analyst Jeffrey Halley wrote at the time that the comments “clearly didn’t resonate in the halls of power in Beijing.”

It’s not clear from official or company statements whether Ma has attended any meetings since then regarding the future of his businesses.

While Ma has been out of the spotlight, his companies have made it clear that they are listening to Beijing. Ant said last week that it appreciated “guidance and help” from regulators after Beijing spoke publicly about its requirements for the company. And Alibaba pledged in late December to “actively cooperate” with antitrust investigators.

The potential threats to Ma’s businesses aren’t limited to China, either. Washington has been ratcheting up its campaign against Chinese businesses in recent weeks as the Trump administration draws to a close. And while Alibaba hasn’t been specifically targeted, the company was name-checked by US Secretary of State Mike Pompeo late last summer when he urged American companies to remove “untrusted” Chinese-owned technology from their digital networks.

Public opinion about Ma in China, meanwhile, has turned sour. Many of the replies to Ma’s October Weibo post struck a particularly negative tone.

“Again it’s about resources and brain mines,” wrote one Weibo user, responding to Ma’s use of those words to describe children in China and the need for a strong education system. “It is totally a line from a capitalist.”

News Courtesy: CNN Business

Service Sector And Manufacturing Industry: Where We Are Headed!

Service Sector And Manufacturing Industry: Where We Are Headed!

Till the last part of the 20th century, a wave of new technological sphere began shaping the world we live in. Industrialization, more appropriately, the new innovations leading the world into the future, began to take the baby steps in the already evolving world of innate resolution across business platforms. But, as far as the importance of dominant factors is concerned, the effervescence of this sector gave way to modern capitalism we know today, and it is the service sector.

The service sector wasn’t innovation but a discovery which was existent but not approved and recognized as an integral part of the Economic system of various operative mechanisms governing the interaction between the consumer base with the product creator and quality control departments of different industries, all working together to give what the consumer needs.

Everything in the world today, from a T-Shirt to our mobile phone, involves its culmination and must involve the quality of the service sector and the industries that create the products for us. There is a pretty evident gap between these two notions in their simplest form: Service sectors provide services, and the industrial sector involves manufacturing products and utilities, although not all the time reaches us in predictable forms.

Before the beginning of the millennium and without the forms of sciences available to us into the millennium, public-private platforms and their mesh up in percent formation decide the width of the gap between the service and manufacturing industry. The core liabilities lie with the suppliers or, in other words, vendors who protrude their financial offerings or products and their comparative reach to the consumers through attracting capabilities and expanding their attracting capability to reach to an ever increasing consumer base for that particular product.

Looking forward, the concept of the capitalistic supply chain, where the links of the chain involve the relationship that the suppliers (vendors) and consumers have with each other and wherein scenario of years ahead in the future will go will completely depend on the financial ecosystem of the country. Vendors always act as the third person in the business scene, as is the case with retailers where the retailers buy things from the vendors at wholesale price and sell it to consumers at retail price. Within the gap between retail and wholesale price lies the amount that is lost by the consumer and gained by the retailer. Such is the system that an inert fault and mathematics set in place make the product available to us is always at a rate higher than its pure original cost, and there’s nothing we can do about it.

What can be done is to take measures that ensure the time, opportunity, and availability of resources that a vendor must have to sell products at wholesale price to the consumer; therefore, the barrier for which the consumer expends extra money dissolves down to nil. But the retail industry has gone through leaps and bounds to such an extent that elimination of it will create financial nuisance and loss of security. The quantities and factors that determine the domain of trade and business are minimal because the business methods are in itself a changing quantity, varying from place to place, time to time, and from the view of the proper and improper context of the idea.

The biggest question to ask is how a systematic procedure can be set in such way and to such decree that the financial balance is maintained along with a deeper development of the supplier or vendor with the consumer base. Many theories have been proposed, and others have been put aside, but the idea of formulating a pattern, which on the basis of application will be on a cycle of progressive renewables, renewables which at the foremost include energy and environment and the minuscule of it include the social and economic development of the country as a whole.

As of now, the situation is far from dire. The relativity which is there in the system puts a Marxist approach to revolutionary capitalism that marks the automation by which the periods of imbalance in the financial world is marked by a profound understanding of the functions of the business scene including both Big and Small business, both public and private and all sort of contractors making life easy for the service providers because at and I again repeat the junctions where the two sectors collide with emanation. This transient exuberance lies within the events that will occur leaves the functionalities at a state far from rest.

The differences between the service industry and manufacturing aren’t at all the same thing-The service industry is dependent on the industrial sector because the manufacturing of the product requires industries to manufacture it, and on the other hand, we have the manufacturing industry that will slightly depend on the consumers not on the service industry directly, indirect ways of tailing on the businesses through the veils of Totalities of businesses and the area of fulfillment in the purpose of both the supplier and the consumer. Such mundane cases of economic visibility have been in downfall.

Hence, we have rising unemployment levels, devaluation of the currency, rising interest rates by banks, and at last, poverty and famine in the worst cases, as evident in the third world countries (Mainly Africa). The code of conduct of conflicts that arises out business transaction puts the transactions at risk. This very transaction can be grouped into two systems: First, the most evident is through a third-party source or buying houses. The second is direct communication between the service provider and the customer (Big Basket in India). Both of this system is in a continual renewal in developed and developing countries whereas, in the case of underdeveloped countries, these are almost nonexistent.

As far as trade and businesses are concerned, the service sector above everything else signifies that the industrial sector is a constant job.

Engr. Samin Shadman Zahir
Contributor, The InCAP

Let’s Walk Towards The Light: Nasrin Nahar Jeneva | Editor’s Lens

Let's Walk Towards The Light: Nasrin Nahar Jeneva | Editor's Lens

From the beginning of creation, humans have gradually conquered everything. This time we are on the way to conquer a miniature, invisible, impossibly terrible virus. We all know how the year 2020 has passed! We have had to say goodbye to millions of known and unknown people this year.

In 2020, we are faced with a harsh reality. We may not have imagined how much a single year can bring changes to a person’s life. In the blink of an eye, a year came to an end with everything random. We live in an unusual world now — fear of constant loss of life, fear of losing a loved one. A whole year passed in the pandemic, with world trade, economics, and human life at stake. The time has come to forget all the fears, hardships, and sorrows behind and start 2021 in a fresh way.

About 200 Corona vaccines are already being studied around the world. About 11 Corona vaccines on the final way to the third stage trial. In addition to Russia’s Sputnik V, trials of the Oxford-AstraZeneca vaccine are also underway in India. According to the Serum Institute of India (SII) chief, once the government clearance is obtained, it will be possible to start production on an emergency basis and supply the vaccine by March 2021. On the other hand, neighboring China is well ahead with AstraZeneca. According to our Chinese sources, the Xi Jinping government is giving more importance to domestic Sinopharm and sinovac vaccine before foreign vaccines like Pfizer-BioNTech or Sputnik V.

According to the Ministry of Health of Bangladesh, following the agreement signed with SII of India, Bangladesh will buy about 30 million AstraZeneca vaccines. Under the direction of WHO, Global Alliance for Vaccines and Immunization (GAVI) will help Bangladesh.

Some countries and leaders of the state have already started taking the vaccine, and it is expected to begin administering it to people in most countries from January 2021.

Earth will continue to overcome this pandemic and save its own existence as it did before. The New Year is not just a time frame; it means new possibilities, new hopes, and new dreams. Let’s change the days, let’s walk towards the light.

May 2021 be the year of fulfilling the biggest dream of the people – this is the best wish for this world. Happy New Year!

Nasrin Nahar Jeneva

January 2021 Issue of The InCAP is Knocking Your Doorstep

January 2021 Issue

Hello 21

January 2021 issue of the printed version of The InCAP is now available in Bangladesh, USA, UK, India, China, and Singapore.

Amid Bangladesh, you can get your copy from Pathok Somabesh, Bangle Boi, Diponpur, and many more magazine-stands entire the country.
Why are you waiting for? Go and receive your copy!

New Year Greetings From Ministry of Information | Dr. Hasan Mahmud

Dr. Hasan Mahmud

At the very outset of this message, I recall with deep respect and gratitude the great architect of independent Bangladesh, the greatest Bangali of all time – the Father of the Nation Bangabandhu Sheikh Mujibur Rahman. I remember with reverence all valiant freedom fighters and immortal martyrs, whose infinite courage and self-sacrifices enabled us to achieve a sovereign land and independent nationhood, a sacred constitution, and the red-green flag.

I express my sincere gratitude to our Honorable Prime Minister Sheikh Hasina; without her extraordinary leadership, such progress of Bangladesh would never have been possible.

The whole world is now submerged by the devastations of Covid-19, causing millions of death worldwide and infecting more. I am deeply saddened.

Despite hundreds of obstacles, we did not stop. I do believe as a nation now, we are unstoppable; this is the consequence of the excellent leadership of Jananetri Sheikh Hasina. The Ministry of Information has been playing a catalytic role in disseminating information to the people through print and electronic media. In this era of information technology, having a free flow of information, the Ministry of Information has a challenging role to play. We are committed to keeping people informed, motivated, aware, and engaged in development through an open and participatory flow of information by strengthening public and private mass media and ensuring their right to access information.

I appreciate the initiatives of the international business magazine The InCAP, and their mother concern and publisher International Corporate Association of Professionals (InCAP), for their relentless hard work year after year for quality publication.

I wish good luck to everyone in the world. We will return to our normal lives soon. There will be a new dawn on the horizon piercing the veil of darkness all around us.

As we say goodbye to 2020, we can also turn the page on the division, rancor, and uncertainty and open a new sunny chapter for the globe. May the year 2021 be filled with joy and prosperity.

Joy Bangla.

Joy Bangabandhu.

May Bangladesh Live Forever.

Dr. Hasan Mahmud, MP
Ministry of Information
Government of the People’s Republic of Bangladesh

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20 Most Influential Economists of 2021

20 Most Influential Economists of 2021

Unlike in the past, economists now wield considerable political power. Is their influence to be measured in political terms, as in how...


Henry Ford Regarding Success

Before everything else, getting ready is the secret of success. - Henry Ford, My Life And Work

10 Punches

Aphorism: 110

Aphorism: 109

Job Announcement

Canadian University of Bangladesh Inks MoU With Genex Infosys Limited

Canadian University of Bangladesh and Genex Infosys Limited signs a Memorandum of Understanding (MoU) at the Conference Room of the university on 2 September 2019....

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Corporate Events

Southeast University Organized a Discussion Session on Bangabandhu's Homecoming Day

Southeast University Organized a Discussion Session on Bangabandhu’s Homecoming Day

Southeast University (SEU) organized an online discussion session on 14 January to celebrate the Father of the Nation Bangabandhu Sheikh Mujibur Rahman's...

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