New laws to cover foreign investment

The Board of Investment will draft a new law to deal with large-scale package investments like that of Tata and Dhabi Group as experts say the big ventures involve various new dimensions. The necessity emerged during negotiations with Tata Group as the government negotiators found the existing rules and policies wanting with regard to such large investments coming as unsolicited offers.

Public-procurement issues are involved in the Tata’s investment as the company has offered to sell its products, particularly electricity to the government. The existing rules, regulations and other policies do not support any purchase from private sector on the basis of unsolicited offer. The present laws provide for open tender to procure any product for the government.

Again the government will need a new legal framework to deal with the investment of Tata Group. The same will hold for the other large-scale package investments proposed by the Dhabi Group and other foreign companies.
Tata has offered to invest about US$ 2.5 billion in the country to set up a 1000 megawatt coal-fired power plant, a steel plant and a fertiliser factory. The development and operation of a coal-mine is also included in the Indian firm’s business plan while the Dhabi Group from the Gulf state has offered to invest $2.0 billion in telecommunications, pharmaceuticals and other sectors that hold fair business potential.

Bangladesh to participate in Infocom 2005 fair in Kolkata

Bangladesh will participate in the Infocom 2005 fair in Kolkata aiming at getting outsourcing relating to the IT enabled service (ITES). Nascom, a well-known IT platform of India will organise the fair with the participation of 18 countries at the Salt Lake City Electronics Park fromDecember 7-11.

Bangladesh Computer Samity (BCS) and Internet Service Providers Association of Bangladesh (ISPAB) would take part in the fair. In the Bangladesh pavilion, 12 IT organisations, including Daffodil, Rabsoft, XOS, Shaili, RM Systems will showcase their technologies as well as services.

BCS President SM Iqbal said that his association, basically, is going to participate in the fair because of Nascom and ASSOCIO. The main objective of attending the fair would be to cooperate participant-organisations.

ISPAB President Akhtaruzzaman Manju believed that the fair would create an opportunity of highlighting the country's IT sector to the world market and hoped that Bangladesh would utilise it.

Shoeb Chowdhury, Chief Executive Officer of Information Handling Services (IHS) and Insoft hoped to get huge ITES orders. Due to cheap labour cost, Bangladesh has the opportunity, he said adding that Bangladesh would successfully display its IT services before the participant-countries of Europe, America and Africa.

Twenty-five Ways to Eliminate Stress

Stress is the body's physical, mental, and chemical reaction to circumstances that frighten, excite, confuse, endanger, or irritate us. The cause of stress can be good or bad. Take charge of your life and follow these basic principles to help handle personal and business stress.
1. Have fun
2. Laugh
3. Learn to say "no"
4. Simplify your life
5. Delegate responsibility
6. Learn to relax
7. Don’t be a workaholic
8. Break tasks into segments
9. Keep job skills current
10. Take care of family and friends
11. Examine work habits
12. Drink water
13. Eat sensibly
14. Get quality sleep
15. Stop using drugs
16. Schedule time
17. Exercise regularly
18. Control attitude
19. Be prepared
20. Think positive
21. Improve yourself
22. Live within your means
23. Save money to reduce stress.
24. Consider a career change to reduce stress.
25. Handle stress now to reduce stress.
Bonus: Choose quality friends to reduce stress.
 
 




Vol 3 Issue 2


Vol 3 Issue 1

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