Unipay2u update -January 2011:A mathmetical trick of MLM to cheat

Unipay2u A mathmetical trick of MLM to cheat ! Which is possible for lack/weak of good finace governance . probably it would impossible if goverment had proper information .Where is the gap ? understanding or Monitoring ? Or eligibility  ?

Isn’t goverment responsible?

Isn’t it easy enough  that only the investment offer of unipay2u is distructive for the finace policy of any contry ?-gurumia

When asked about the treatment of UniPay2U, a fictitious company about which the central bank recently issued warning, Finance Minister AMA Muhith said, “We can’t stop them overnight, but legal procedures are in progress for them.”

UniPay2U recently started shifting money from its bank account to other accounts and the minister said Bangladesh Bank will be looking into this matter.-Finance Minister AMA Muhith said.

Some Comments :
 comments by Barry ZeeQuestion by Leakat: Is online unipay2u.com MLM ( Multi Level Marketing) spam ?
After Destiny 2000, a Malaysian based gold biz (investment) co. operating Bangladesh.
Young Generation and specially educated sec get panic. We have experienced stock market tragedy1996 that takes 6 billion BDT app. got rid off. Now the share Market scam of 2011 ,which still run panic situation

I visited the site several times found no SPAM, safety, security and privacy policies; Winding up and pay back GRANTEE scheme. Bangladesh Unit having an incorporation certificate along so called 15 lacks ( 1.5 million BDT) import lic !
Everyone needs some additional income to satisfy barely necessities of their lives other than regular sources. Perhaps Local and int Spammers GUILD’S might prey the situation or may not be..

This is a BIG BILLION USD Q ??

rao j.singh from haryana send email Sources :i want to warn all unipay2u investor to stop investing in unipay2ui also a high level achieved in unipay with investment of about 67 laks so
During my visit to Malaysia organized by unipay2u i became friendly with on person .I will not disclose the name, but he is close associate of mr JAMES CEO OF BEST GENIUS and UNIPAY2U .Today he called me from Malaysia and inform me that the company have disputes in BANGLADESH with GOVT . THE same problem is arising in india and in a short span of time the company is packing fom INDIA AND BANGLADESH . SO I again warn all net worker and common people not to invest but withdraw your money as early as possible..

The Anti-corruption Commission (ACC) Tuesday filed a case against two top bosses of multi-level marketing company (MLM) Unipay2u Bangladesh, on charges of amassing around Tk 2.46 billion (246.13 crore) by cheating people. Assistant Director of the ACC Md Toufiqul Islam filed the case with Shahbagh police station against Shahiduzzaman alias Shahin, and Muntasir Hossain, the chairman and the managing director of the MLM firm respectively. Sub-inspector Nasima of Shahbagh police station said the ACC official in his first information report (FIR) brought various allegations against the accused.
Their transaction volume perhaps million times more !! No Anti Money Laundering and local and international licenses found nor Central BB (Bangladesh Bank) permission.

Bangladesh to introduce tea policy soon

The government has decided to have a tea policy in place and a draft in this regard has been put on website seeking public opinion.

The government will implement the policy soon and people have been asked to give their suggestions from Jan 13 to Jan 31 to implement the policy, commerce minister Faruk Khan said on Tuesday.

The minister’s remarks came while presiding over a discussion on the draft policy at the conference room of his ministry.

After the meeting, Faruk Khan said the domestic demand of tea was increasing day by day although its production did not rise accordingly.

Besides, he said, lands for tea cultivation were shrinking for various reasons. “As a result, exports have also fallen. So, tea production needs to be given a boost,” he stressed.

After finalising the draft policy, it will be sent to the cabinet by February, the minister said.

The draft policy is available on Bangladesh Tea Board (BTB) website: www.teaboard.gov.bd.

Those who want to give their suggestions in black and white have been asked to send letters to: The Chairman, Bangladesh Tea Board, 111-113 Motijheel C/A, Dhaka-1000, or the website of the commerce ministry – www.mincom.gov.bd.

The draft policy will be finalised by February and then will be sent to the ministry for the next move, the minister added.

Accelerating land increase in coastal areas

Bangladesh is rising in size contradicting forecasts that parts of this country will go under water due to global warming. Scientists at the Centre for Environment and Geographic Information Services (CEGIS) say that the country’s island has been increasing by 20 square kilometres (12.5 square miles) annually. They said that they have studied 32 years of satellite images and found that the country’s landmass has amplified by 20 square kilometres annually during that time. Data shows that the sediment travelling down the Ganges and the Brahmaputra rivers from the Himalayan watershed are creating new land as they wash into the Bay of Bengal.

 A billion tonnes of sediment that the Ganges, the Brahmaputra and 200 other rivers bring from the Himalayas each year before crossing Bangladesh had caused the landmass to increase. A third of this sediment, makes it into the Bay of Bengal where new territory is forming from gradual deposition of the sediments. From this process in the next 50 years it could add up with the country gaining at least 1,000 square kilometers naturally.

 The United Nations Intergovernmental Panel on Climate Change (IPCC) predicted earlier that Bangladesh will lose 17 per cent of its land by 2050 because of rising sea levels due to global warming. The IPCC sounded more pessimistic about the inevitability of this sea level rise as it concluded that the Himalayan glaciers would melt very fast and completely by 2010. But now IPCC is eating its own words and saying that their conclusion about Himalayan glacier completely melting, fairly soon, was based on wrong and unfounded premises. Calculations about the surety of the sea level rise and its implications for Bangladesh, therefore, have notably weakened. But satellite images dating back to 1973 and old maps earlier than that show some 1,000 square kilometres of land have risen from the sea.

The US and other developed countries, the main contributors to global warming which could affect Bangladesh, should help it out in projects planned to secure its coasts and population. Even if outside aid is not forthcoming, the government can proceed with dams and other structures planned to reclaim land from the sea on a sustainable basis. Bangladesh can take up such projects for implementation by mobilising its own resources and expertise. Reclaimed land mass can be used for human resettlement to ease population pressure on the main land as well as for productive purposes such as agriculture and related activities. Coastal areas – specially the offshore islands – have great potential for tourism. Tourist resorts in the coastal islands – like in the Maldives – can attract tourists, foreign as well as local.

Tata Motors Considers growing Nano Sales Into Asia This Year

The Nano, the world’s cheapest car, to countries such as Thailand, Sri Lanka and Bangladesh as early as this year as demand for the egg-shaped vehicle rebounds in India.
In 2008,Indian automobile company Tata Motors unveiled the Nano, the world’s cheapest car. With the appearance of a Smart Car-sized minivan, a weight of only 1320 pounds and a price tag of just one lakh rupees (approximately $2,500), this car is designed for India’s burgeoning domestic car market.

The Nano’s registrations in December rose to 5,784 cars from a record low of 509 in November, Tata Motors said on Jan. 1. The manufacturer has more than doubled warranties and offered easier financing to promote the model. The December tally, a 60 percent increase from a year earlier, was below the 9,000-car monthly sales record reached in July.

Tata delivered the Nano to its first customer in July 2009. The car, which costs as little as 137,555 rupees ($3,000) in New Delhi, went on sale in India nationwide on Jan. 3 through Tata’s 874 dealerships. Deliveries had been limited to 12 states as the company worked through initial orders and ramped up production at a new factory that opened in June with annual capacity to build 250,000 of the car.

Maintenance Packages

Tata Motors fell 3.8 percent to 1,150.3 rupees at the 3:30 p.m. close in Mumbai trading. The shares gained 65 percent last year, the second-best performance on the benchmark Sensitive Index of the Bombay Stock Exchange.

The automaker is also offering maintenance packages, including one for 99 rupees a month, and inviting prospective customers to meetings with Nano owners to overcome the concerns of first-time car buyers.

The model’s sales fell on a month-on-month basis from July through November because of price increases and safety concerns following reports of at least three fires with the model. In response to the drop, Tata began a television advertising campaign and added sales points in smaller towns in December, the same month it lengthened warranties to four years or 60,000 kilometers (37,300 miles) and introduced the maintenance plan.

The carmaker said in November that it would retrofit Nanos with additional protection in exhaust and electrical systems after the fires. Investigations concluded that reasons for the fires were “specific” to the vehicles involved, Tata Motors has said.

Bangladesh Jute News 2011

Raw jute worth Tk 140m gutted in Rajshahi
   RAJSHAHI, January 24, 2011: Raw jute worth taka 140 million weighing about 70,000 maunds was gutted when a devastating fire engulfed a storage (godown) at Rahman Jute Mills at Alaibidirpur area under Paba Upazila of the district this afternoon. Nine units of fire servicemen after tireless effort have brought the fire under control around 5-00 pm. Till the writing of the report at 6-30, fire was still burning in places of the godown. Shieikh Mijanur Rahman, Deputy Director of Rajshahi Fire Service Department informed that the godown is a large one and a huge quantity of raw jute was stored there. As a result, it took nearly four hours to control the fire. He said, extra fire service units from Tanore, Rajshahi University and Naogaon were called to assist fire service  to douse the fire.
   Authorities of the mills informed, there was 70,000 maunds of jute stored in the godown. The source of fire could not be confirmed immediately as there was no electricity connection at the godown. Source: Financial Express
   Exports of jute goods to India face fresh blow
   Dhaka, January 20, 2011: Exports of local jute goods to India face a fresh blow as the Indian customs authority has issued a directive to charge excise duty in the form of counter vailing duty (CVD) on import of the items from Bangladesh, official and industry sources said. Indian buyers have communicated the new directive to local jute exporters including Bangladesh Jute Mills Corporation (BJMC) saying “Since January 18, 2011 Indian Petrapole customs have started claiming that they have received directive from higher customs authority to collect this (excise) duty against import of jute goods  from Bangladesh.”
   The duty has implication of 8.0 per cent CVD along with 4.0 per cent additional CVD and other charges of 2.0 per cent, which in total comes to around 14 per cent of the invoice value, the communication revealed. It further said imported goods were getting exemption under this same circular since 2004 but the Indian customs have suddenly started charging the duty after seven years. None of Indian mills/manufacturers/small units/sticher/weavers have to pay this 8.0 per cent excise duty in India, it said, adding until now  Indian customs authority on several occasions has declared that imported goods also need not pay this excise duty and hence such duty in the form of CVD was exempted.
   “Sudden imposition of around 14 per cent duty on imported jute goods from Bangladesh is unfair. Law of the country says that no duty shall be imposed on imported materials, that is not paid by Indian manufacturers,” an Indian buyer said in its communication to BJMC.  It is, according to the importer, a clear fact that no Indian mills/manufacturers have to pay such duty and it is only imported jute goods from Bangladesh, which have to bear this burden. Source: Financial Express
  Fire breaks out at Crescent Jute Mills
  KHULNA, Jan 14: A devastating fire broke out at state-run Crescent Jute Mills at Khalishpur industrial area in the city on Friday. Mill sources said the fire started at godown No. 12 near unit No. 3 at about 2pm.
  Receiving information, fire service personnel from Daulatpur, Khalishpur and Khulna rushed to the spot and (upto 5:30pm) were still trying to extinguish the blaze. Sources said there are about 20,000 maunds of jute in the godown. Mill sources initially assumed that the fire might have originated from power short circuit. Source: thefinancialexpress-bd.com
   Private jute mills strike called
   Dhaka, January 4, 2011 (bdnews24.com): Workers of private jute and textile mills have called off the indefinite strike from January 4, 2011 after the government assured them of a new wage structure and special allowance soon. A tripartite meeting on Monday between the government, mill owners and workers’ leaders successfully resolved the issues, averting the countrywide strike at the last moment.
  The meeting was chaired by the state minister for labour Munnuzan Sufian and attended by labour secretary Nurul Haque and owners and union leaders of a number of jute mills. The leaders of Bangladesh Private Owned Jute-Twine CBA Non-CBA Sramik League Combination Council informed the state minister of the existing wage discrimination between government and private jute mills.
  They claimed that the government mill workers get Tk 2450 a month as per the wage structure of 2006. A new wage commission has also been announced for the government-run jute mills in an effort to further increase their wage. However, the minimum wage for the privately owned mill workers is Tk 560. Although a new wage structure had been announced during the previous Awami League rule, the successive BNP government did not take any step to implement it, the councilleaders added.
   State minister Sufian said that a board has been formed to determine minimum wage structure for the private jute mill workers. It will start its operations within the next 30 days and announce the wage structure within four months. 
    
Govt targets to double jute production in 2011-12 season….

Inspired by the healthy production trend of jute as well as its better price and multipurpose use, the government is eying for a record production target of jute in the 2011-12 season.

In the upcoming season, some 7.5 lakh hectares of land would be brought under jute cultivation in the country aiming at producing 87.37 lakh bales, said Agriculture Information Service director Nazrul Islam. Per hectare production of jute has been projected at 10.6 bales.

The production target of jute in the upcoming season has been doubled as the farmers are now more encouraged on jute cultivation due to its rising demand as well as its increasing trend of price, he told the UNB.

The AIS director said that in the current season (2010-11), some 4.8 lakh hectares of land were brought under jute cultivation with a production of 50.76 lakh bales. Per hectare yield was 10.58 bales.

In the 2009-10 season, jute production was 49.39 lakh bales as some 4.56 lakh hectares of land were brought under cultivation. Per hectare yield was 10.83 bales.

Nazrul Islam informed that in the current fiscal, some 15 lakh farmers were provided with ribbon retting device worth Tk 30 crore and the method gained popularity among the farmers.

Bangladesh Jute Research Institute in cooperation with the Department of Agricultural Extension imparted training to the farmers on the use of ribbon retting on limited water.

According to the Bangladesh Bureau of Statistics, jute production ranged between 40-50 lakh bales from fiscal 2004-05 to 2008-09. The production of jute was 40.35 lakh bales in 2004-05 fiscal, 46.19 lakh bales in 2005-06 fiscal, 48.84 lakh bales in 2006-07 fiscal, 46.22 lakh bales in 2007-08 fiscal and 46.78 lakh bales in 2008-09.

The local jute industry, employing about 1,50,000 workers, is now the second largest export earner after RMG.

In fiscal 2009-10, the jute sector logged 76 per cent higher earnings at $736 million (Tk 5,225 crore) than the previous year and the demand remains buoyant in the current fiscal.

In the first six months of the current fiscal (July-December), export of jute and jute goods totalled $548.66 million, showing a 58.33 per cent rise. Raw jute exports fetched $184.66 million, jute yarn and twine $248.40 million, jute sack and jute bag $92.67 million while other jute products $22.93 million.

The jute sector in the country where 40 lakh farmers are engaged is also set to reap the benefits of the packaging law passed last year.

E-learning blooming in Bangladesh- champs21.com

The use of technology in the field of education is becoming indispensable worldwide. The effectiveness of using e-learning tools in the classroom has been studied and proved time and time again.

Studies suggest that effective learning occurs when the senses are stimulated. By stimulating the senses, especially the visual sense, learning can be enhanced. It is further suggested that if multiple senses are stimulated, greater learning takes place. Stimulation through the senses is achieved through a greater variety of colours, volume levels, strong statements, facts presented visually, use of a variety of techniques and media. What better way to tingle multiple senses of a student than using technology, especially information technology?

Information technology is capable of capturing a student’s attention through visual representation of concepts taught, sounds, moving pictures as well as interactive activities. A student may sleep through a lecture on the human digestive system. But if he can see visually how the digestive system works, actually see animations of the food moving through the body, listen to the relevant sounds and then do an interactive activity related to the topic, he will find it worth his interest.

As a corollary of information technology comes the internet a worldwide repository of interlinked information from a sea of sources. The use of technologies such as the internet as a teaching tool in schools is not the issue now since it is pervasively used. Rather, the issue is how to effectively employ such technologies and harness fully the new opportunities created by them to promote positive student learning experiences.

The internet basically provides three basic types of tools in the education domain tools for research, tools for communication and tools for construction.

In providing tools for construction, the internet promotes learning by scaffolding varieties of authentic learning activities for students.

Educational institutions today understand this and are already making use of this functional medium in various aspects of their day-to-day activities. From classroom teaching, assigning homework, assessing students and delivering results, technology, and more importantly the internet, is being embedded into the very core of the educational system.

In Bangladesh, however, the use of internet among students is limited to social networking and entertainment. The reason being, lack of appropriate content from the field of education and absence of research based activities and assignments from schools. Inquisitive students often feel lost in the humongous sea of information available on the internet. If they could find something that was close to their school syllabus, they could find it useful and relevant to them.

The Daily Star and Team Creative have jointly launched the country’s first assessment website for school students called champs21.com to engage the Bangladeshi students in using the internet constructively and for education purposes. Russel T Ahmed, CEO of Team Creative says, “Our next generation — our students will have to face the global competition eventually, since children of their generation in the developed countries are already using technology in their learning process. We need to prepare these students appropriately to face and come out successful in this competition.”

Champs21 is a web-based assessment service for students from Classes 3 to 10 in mathematics and science. Students can take chapter-based and term-based tests throughout the whole session/year following school curriculum. The application scalability aims at drilling down conceptual comprehension as well as functional & relative clarity amongst students. This helps students to assess their strengths and weaknesses, decide which topics need more attention and track their progress.

More varieties of such interactive websites need to be initiated to cater to the needs of our Bangladeshi students, so that they can use the internet more constructively for their personal and holistic development

Bangladesh Internet Market

(M2 PressWIRE Via Acquire Media NewsEdge) RDATE:27012011 Dublin – Research and Markets (http://www.researchandmarkets.com/research/61e55a/bangladesh_inter) has announced the addition of the “Bangladesh – Internet Market” report to their offering.

The Internet came late to Bangladesh with connectivity in 1996. In the last few years it has grown dramatically, although obviously from a very low base. With an estimated Internet user-base of more than 600,000 by 2010, representing only a 0.4% user penetration, the local Internet industry has been preparing to move into the next stage of its development. As this report demonstrates, however, the country must work hard to overcome obstacles associated with the countrys lowly economic status and still developing infrastructure, not least of which being an indifferent, bureaucratic government.

The report also looks briefly at very early signs of broadband Internet in Bangladesh and its first moves into WiMAX services.

Key Topics Covered: 1. Synopsis 2. Internet market 2.1 Overview 2.1.1 Internet statistics 2.1.2 Constraints on Internet growth 2.1.3 Censorship 2.2 Village Computer and Internet Program 2.3 International Internet Gateway (IIG) licences 2.4 ISP market 2.4.1 Overview 2.4.2 BTTBs ISP service 2.4.3 Grameen Cybernet 2.4.4 Integrated Services Network 2.4.5 InTech Online 2.4.6 AlwaysOn 2.5 Voice over Internet Protocol (VoIP) 3. Broadband market 3.1 Overview 3.2 Wireless broadband 3.3 WiMAX 3.4 Fibre-to-the-Home (FttH) 4. Regulation 4.1 Cyber laws 4.2 National ICT Policy 2009 5. Related reports For more information visit http://www.researchandmarkets.com/research/61e55a/bangladesh_inter

Bangladesh to participate in Int”l Guwahati Trade Fair

This is For the first time, Bangladesh is all set to be a participating country and showcase itsproducts and culture in a grand manner in the International Guwahati Trade Fair (IGTF) starting here from tomorrow.

For the first time in the 18 years history of IGTF,Bangladesh will be a participating country and showcase itsproduct and culture for the people of the North East”, IGTFVice-President Rajesh Das told reporters here today.

With exquisite handicraft, jute and indigenous productsto be displayed in the digital Bangladesh pavilion, thecountry”s most internationally acclaimed singer James, who isfamous for rendering soul stirring numbers in Bollywood moviesas Metro and Gangster will perform live at the venue ofManiram Dewan Trade centre.

The Bangladesh pavilion will have more than 44 companiesto reveal the resurgent country with wide variety of modernand traditional products, Das said.

The Bangladesh celebration in IGTF will be organised incoordination with Export Promotion Bureau (EPB), Bangladeshgovernment and Bangladesh Embassy in India.

A 38-member cultural troop from Bangladesh, whichincludes top fashion designer, models, choreographers andtraditional dancers will travel by road from Dawki and performlive.

Other countries Thailand, Pakistan, Egypt and Turkeywill also participate in the fair which will have a giantreplica of the famous India gate to greet the visitors whilean exclusive food court will provide delicacies from all overthe country besides a special chef from Bangladesh to dish outtraditional food items

UK PM David Cameron welcomes Sheikh Hasina

Prime Minister David Cameron has welcomed the Prime Minister of Bangladesh Sheikh Hasina to Downing Street.

Mr Cameron said the two countries had “a good and strong relationship” and a number of shared interests including tackling climate change and aid – where the UK is one of the largest aid partners in Bangladesh.

The PM David Cameron said:

“…we’ll have many subjects to discuss this morning: aid, development, climate change, the economic relations between our countries and also the importance of dealing with extremist terror in both our countries where we have a shared interest and need to make some good progress, but a very warm welcome to you.”

Yesterday, Sheikh Hasina held meetings with Deputy Prime Minister Nick Clegg and Foreign Secretary William Hague

British Prime Minister David Cameron yesterday assured Prime Minister Sheikh Hasina of the UK’s continued support to the economic development of Bangladesh.

The assurance came when Sheikh Hasina met with her British counterpart at 10 Downing Street, the official residence of the British Prime Minister.

Hasina had a one-to-one dialogue with Cameron before a delegation level meeting, which lasted for 40 minutes from 10:30am.

During the meeting Sheikh Hasina sought British cooperation in the fields of health, infrastructure, school-feeding programme and climate change, Rashed Chowdhury, minister (press) at Bangladesh High Commission in UK told the UNB.

Cameron praised the socio-economic programmes of Hasina’s government and her pragmatic leadership on climate change.

He also lauded Hasina for her government’s role in fighting terrorism and hoped the two countries would work together in combating terrorism.

The two leaders also discussed human rights issues.

Prime Minister’s younger sister Sheikh Rehana, Foreign Minister Dipu Moni, Sylhet City Corporation Mayor Badruddin Qamran Chowdhury, Ambassador at-Large M Ziauddin and Bangladesh High Commissioner to UK Prof Sayeedur Rahman Khan were present during the meeting.

Unipay2u Bangladesh sued for corruption

As per The Anti-Corruption Commission case against Unipay2u the volume of unipay2u collection is Tk 246.13 crore. which may much more on proper investigation !!

(25th January)sources :The Anti-Corruption Commission  filed a case against the chairman and the managing director of unipay2u Bangladesh, a so-called multilevel marketing company, for amassing money by cheating people.

According to the First Information Report (FIR) of the case, unipay2u Chairman Shahiduzzaman alias Shahin and its Managing Director Muntasir Hossain had fraudulently collected Tk 246.13 crore and split the cash into their own and the organisation’s accounts to conceal the source of the fund.

The accused lured people into investing in gold pledging higher profit against the purchase, the FIR added.

Assistant Director of ACC Tawfiqul Islam filed the case with Shahbagh Police Station under the Money Laundering Prevention Act, 2009.

The FIR stated that unipay2u has been operating bank transactions without the approval from Bangladesh Bank (BB) and fulfilling some prerequisites of the central bank. The company does not have security deposit with BB, a must for ensuring investors’ interest.

As per the memorandum of articles and association of the company, the company is to do export- import, tour operating and multilevel marketing business. There is nothing mentioned about investing in gold business abroad in the memorandum.

However, unipay2u enticed people into investing in gold offering 32.5 percent profit on small investment. Such benefit is not possible from the business mentioned in its registration, said the FIR.

The company also did not obtain BB permission for working as an agent of a Malaysia-based company Best Genius Sdn Bhd, as it is required under the Foreign Currency Control Act, 1947.

According to the FIR, on October 11, 2009, the company was registered with the registrar of Joint Stock Companies and Firms as a multilevel marketing company.

Between November 1, 2009 and September 30, 2010, unipay2u deposited Tk 246.13 crore in its three accounts.

The FIR mentioned that on several occasions the chairman and the managing director of unipay2u drew Tk 26.12 crore from the accounts in the name of paying commission to its member agents and bearing company expenses.

Most of the money withdrawn was deposited in a personal account of the managing director, the FIR added.

ACC initiated an inquiry against the company after BB sent its probe report to the commission on June 21.

The company has already wrapped up its Cox’s Bazar office after allegedly taking crores of taka from people there. Police had arrested two employees of the company — Ibrahim and Shaibal Barua.

Unipay2u is not the first to FI cheat people. Neway, SAP, Doorway,C, A-1 System, Jubok and GGN had earlier come to the market and cheated thousands of people. Most of these organisations have folded up.

REHAB FAIR 2011,Chittagong.

 

REHAB HOUSING FAIR 2011,Chittagong clicks on 27th January and will continue till 29 January 2011 at Chittagong Club,Chittagong.

Organisers said the fair would be open to all from 10am to 8pm on the last two days, while people will be able to visit on the first day from 3pm, after the inaugural ceremony.

The entry fee for a single visit has been fixed at Tk 50

86 REHAB Member will participate this fair . Apartment ,plot,Studio Apartment ,Commercial Space ,developed by the companies will introduce their product offers.

Almost all the companies has lounged their special offer (Discount,gift ,cash benifit )for the event.

REHAB Fair is a common platform from which the buyer can compare rate -quality- location from vast available product and also they can find out the choosen one.

REHAB is the only trade organization of Real Estate Developers with a current membership of 913 Developers. All major institutionalized Developers are members of this organization. REHAB is also the “A Class” member of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). In the recent years REHAB has played a very significant role in nation building through Real Estate Development by its members. The members of REHAB contribute a large amount of revenue to the Government exchequer in terms of Registration Cost, Income Tax and Utility Service Charges. REHAB organizes its most colorful annual event REHAB Housing Fair each year in Bangladesh for the member developers, financial institutions and building material providers.
Tomorrow will be held on Bandar City of Chittagong, REHAB Fair Chittagong 2011.

Location: Chittagong Club.

Detail of Participating companies of REHAB Fair Chittagong, 2011.
Co Sponsor Stall ……………
Sl No List of Participants Stall Number
01. Ashiyan Lands Development Ltd. 04
02. Concord Real Estate & Building Products Ltd. 01
03. Epic Properties Ltd. 08
04. Equity Property Management (Pvt.) Ltd. 07
05. Mishmak Developments (Pvt.)Ltd. 06
06. Navana Real Estate Ltd. 11
07. R. F. Builders Ltd. 02
08. Ranges Properties Ltd. 09
09. Regent Holdings Development Ltd. 05
10. Sanmar Properties Ltd. 03
11. Trust Alliance Technology Ltd. 10

General Stall
01. Afford Development Pvt. Ltd. 42
02. Airbell Development Technologies Ltd. 17
03. Allione Holdings (Pvt.) Ltd. 61
04. Amanat Holdings (Pvt.) Ltd. 16
05. Amin Mohammad Foundation Ltd. 14
06. Amin Mohammad Lands Development Ltd. 15
07. ANZ Properties Ltd. 47
08. Artisan Apartments Ltd. 03
09. Ashalaya Housing & Developers Ltd. 70
10. Atlantic Properties & Development Ltd. 51
11. Basukunja Land Development Ltd. 22
12. bddl Housing Ltd. 11
13. Beacon Real Estate Ltd. 35
14. Bengal Holdings Ltd. 44
15. Best Foundation Ltd. 78
16. Bestway Design & Development Ltd. 62
17. Bio Properties Ltd. 32
18. Boshudha Builders Ltd. 36
19. BRAC Bank Limited 41
20. Building Technology & Ideas Ltd. 37
21. C A Property Development Ltd. 77
22. Century Realty Ltd. 05
23. Chowdhury Modern City (Pvt.) Ltd. 67
24. Citadel Properties Ltd. 19
25. Comfort Homes Ltd. 56
26. Coral Reef Properties Ltd. 13
27. Dwell Properties Development Ltd. 55
28. Dynamic Landmark Ltd. 63
29. Ehsan Properties Ltd. 68
30. Eternal Design & Developments Ltd. 26
31. Goodwill Properties Ltd. 38
32. Green Delta Housing & Development (Pvt.) Ltd. 02
33. Green Leaf Property Management Ltd. 64
34. Hassan & Associates Ltd. 58
35. Hirajheel Property Development (Pvt.) Co. Ltd. 73
36. Home Stone Ltd. 79
37. Hyperion Builders Ltd. 12
38. Ideal City Developers Ltd. 84
39. Ikon Property Management Ltd. 48
40. Impulse Properties Ltd. 06
41. Innovative Holdings Ltd. 29
42. Intraco Properties Ltd. 25
43. Invite Properties Ltd. 65
44. Jumairah Holdings Ltd. 40
45. Karnaphuli Works Ltd. 54
46. La-Riba Property Management Ltd. 04
47. M.A. Wahab & Sons (Real Estate) Ltd. 08
48. M.I.S. Holdings Ltd. 60
49. Mahanagar Property Development Ltd. 85
50. Marvellous Properties & Development Ltd. 57
51. Mega Builders Ltd. 72
52. Metro Assets Ltd. 75
53. Metro Homes Ltd. 28
54. Mission Developers Ltd. 34
55. Mission Energy & Properties Ltd. 33
56. Moulana Development Company Ltd. 69
57. Nasim Real Estate Ltd. 74
58. Northern Foundation Ltd. 66
59. Purbachal Probashi Palli Ltd. 18
60. Rahat Properties & Developer Company Ltd. 49
61. Reliance Development Associates Ltd. 53
62. Resalah Properties & Design Technology Ltd. 83
63. Resort Development & Services Ltd. 71
64. RF Properties Ltd. 39
65. Ruhama Properties Ltd. 86
66. Rupayan Housing Estate Ltd. 20
67. Rupayan Real Estate Ltd. 21
68. S M Abashon Ltd. 82
69. SAF Holdings Ltd. 01
70. Saima Properties (Pvt.) Ltd. 43
71. Seven Properties Ltd. 31
72. Silicon Properties 76
73. Sky Tech Builders & Developers Ltd. 46
74. Subashati Properties Ltd. 81
75. Tajmahal Abashon Ltd. 30
76. Techno Builders Ltd. 27
77. Unique Property Development Ltd. 59
78. US- Bangla Assets Ltd. 09
79. Uttaran Properties Ltd. 07
80. Valentine Constructions Ltd. 50
81. Vision 21 Design & Developments Ltd. 45
82. Vision Housing Ltd. 10
83. Xenovalley Model Town (Pvt.) Ltd. 23
83. Xenovalley Holdings Ltd. 24
84. Zaman Property Development Ltd. 80
86. Zealgreen Project Development Ltd. 52

Bangladesh Share Market Scam: Red-Alert for Government

Sources :The stock market in Bangladesh reopened yesterday after stopped trading for several days when small investors went on a citywide massive rampage at the sudden fall of values of shares of a large number of companies — in the second biggest share-scam in Bangladesh since the tenure of Bangladesh’s Awami League government, which came in power for a 5-year term in 1996. In 1996, hundreds of small investors were turned into paupers when several companies artificially inflated the prices of the shares.
Burning Truth with Calculus of Share Market Fall

The Finance Minister AMA Muhit has told the media that the current crisis in the stock market is the result of some of his “mistakes.” Although the Bangladeshi finance minister admitted his failure, he did not resign from the post. Instead, he is trying to find some real or artificial way to cool down the current crisis, thereby tackling the virtual lawlessness prevailing in the stock market.

According to media reports, a number of companies listed with the Dhaka Stock Exchange are not only cashing hundreds of millions of dollars through countless manipulations,m but also that most of such these companies are either backed or owned by influential members of the current ruling party. A number of influential ministers are also actively involved in this huge scam.

The government has also failed to address issues like the increasing prices of essentials, as well as law and order.

Like many other developing nations, small and medium sized investors, as well as the unemployed and students, invest money in the stockmarket. In most cases, such investors have been lured and misled by these companies, as well as some corrupt stock brokerage firms and corrupt officials within the Dhaka Stock Exchange. The concerned ministry is visibly remaining silent even after seeing small investors virtually ruined in the stock market.

The former deputy governor of the Bangladesh Bank [Central Bank], Khondokar Ibrahim Khaled, in an exclusive interview with a local news agency revealed that around 10-15 politicians and businessmen seized Tk150 billion from the country’s investors in the last four months, crashing the stock market to a new low.

He said, “One lawmaker of the then-ruling Awami League was responsible for the ’96 share-market scam, but this year’s crisis was created by other politicians and businessmen, including a BNP leader. However, I do not want to name anybody’s name.”

In answer to a question as to how such a huge amount of money vanished from the stock market as the tiny investors had done well with huge investments since the beginning of the upturn in the stockmarket index, he said, “I think this huge amount of money simply poured into the pockets of a group of people who reaped a windfall out of a freefall in share prices over the last few days.”

He added: “In creating the crisis they looted such a huge amount of money, which they would never invest in the stock market.”

Local and international media reported the plunge in the stock as unprecedented in the 55 years’ history of the Dhaka stock exchange. The Dhaka Stock Exchange [DSE] general index lost 1,235 points in two consecutive days, bringing nerve-shattering shocks to small investors.

According to stockmarket analysts and financial experts in Bangladesh, the current crisis may not be easily tackled by the government: several unscrupulous companies have already extracted millions of dollars from the market and smuggled out major portion of this money to various countries.. If the government fails to tackle this situation immediately, however, there will be a huge negative impact on the fate of the ruling party in Bangladesh.

The stockmarket scam took place at a time, when the ruling party was already feeling nervous and uncomfortable about the municipal corporation elections just concluded. During this election, it was clear that voters were getting increasingly unhappy with the current government. The ruling party won seats almost neck-to-neck with the main opposition Bangladesh Nationalist Party, while voters also elected a few candidates belonging to Islamist party, Jamaat-e-Islami. The voters also rejected all the candidates from the Jatoyi Party, headed by former military dictator Hussain Muhammed Ershad.

This result has several dimensions: First, the same voters who had elected the Bangladesh Awami League with landslide victory — giving it an absolute majority in the parliament, and pushing Bangladesh Nationalist Party to the status of a cornered opposition — has become visibly annoyed with the ruling party. Secondly, the voters also categorically showed that there is no sympathy for former military dictators like Hussain Muhammed Ershad, who is known not only to be corrupt, but is also is a war criminal. (He was a member of the tribunal formed by the Pakistani government in 1971 to try the officers who were defecting in favor of Bangladesh and the liberation movement.) The voters also showed that anti-liberation forces like Ershad or Jamaat-e-Islami have been rejected from politics. Although politically different, Ershad’s Jatiyo Party and Jamaat-e-Islami have a few ideologies in common: Ershad made Islam the “State Religion” of Bangladesh, and supports enforcing Sharia Law, making the Blasphemy Law more powerful in Bangladesh. Further, Ershad advocates Dhaka’s “closer ties” with the Arab nations as well as with China, while he indirectly opposes cultivating any relations with the West. Hussain Muhammed Ershad is also one of the leading political figures supporting countries like Iran, Palestine, and other voices calling for the elimination of Israel from the global map.

Most unfortunately, Hussain Muhammed Ershad and his Jatiyo Party are an influential partner of the current ruling “Grand Alliance” led by the ruling Bangladesh Awami League.

Secularist forces want to see parties like the Awami League in power in the Muslim nations, as they can very actively combat Islamist militancy and Jihadist forces; they can also give a solid foundation to the country’s democratic institutions. But what we are witnessing in Bangladesh in current days is nothing but a serious red-alert to the party in power. Wish those in power would pay minimum heed to such issues and actively formulate policies in addressing these without wasting any time before it is too late for us – or for them