money in circulation causes the money to lose value”-this is the true meaning of inflation. What is Inflation. The rate at which the general level of prices for goods and services is rising‚ and‚ subsequently‚ purchasing power is falling. Central banks attempt to stop severe inflation‚ along with severe deflation‚ in an attempt to keep the excessive growth of prices to a minimum. (Investopedia) a. Kinds of Inflation Inflation means a sustained increase in the general price level. However‚ this increase
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ASA Bangladesh Research Brief History of ASA ASA stands for Association for Social Advancement‚ which is a non-governmental organization aiming at helping poor people to get out of poverty. Bangladesh earned its independence in 1971‚ but because of the war‚ the whole country needed to be reconstructed. The unstable and bureaucratic political system slowed down the speed of economic development. In the meantime‚ some small non-governmental organizations stepped into Bangladesh to help the local
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Corporate Fraud Foxconn Technology Group Background Foxconn Technology Group‚ subsidiary of Hon Hai Precision Industry Co.‚ Ltd.‚ which is the manufacturer targeting on electronic products like PC components‚ is founded by Terry Gou. First founded in Taiwan‚ Foxconn started to establish factory in Mainland China in 1988 and then expands its business very quickly. As the world’s largest manufacturer targeting on contract electronics‚ its clients are all over the world‚ including American‚ European
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Foreign Direct investment: impact on sectoral growth in BanglaDesh iftekhar ahmed robin introDUction Until the1980s‚ most developing countries viewed Foreign Direct Investment (FDI)1 with great suspicion. In recent years‚ however‚ FDI restrictions have been significantly reduced. Most countries offer incentives to attract FDI‚ such as tax concessions‚ tax holidays‚ accelerated depreciation on plants and machinery‚ export subsidies‚ import entitlements‚ etc. Many theoretical and empirical studies
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Lisa D. Green Ms. Fahle English 112 15 Jul 2013 When Help Turns to Abuse I can remember the conversation as if it was yesterday. While in a grocery store walking in the grocery aisle‚ I overheard a woman talking to another woman and her husband. The part that caught my attention was the young lady saying‚ “I can get you the cheese‚ milk‚ and eggs with my WIC‚ and all you have to do is give me the money when we leave the store.” I knew this wasn’t right‚ so I made sure I was at
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Development Sdn Bhd in Kuala Lumpur instructed American Express Bank Limited to transfer and credit 2‚890‚130‚210 yen (RM76.4 million) into Frilsham Enterprise Incorporated’s account. Yvonne Lam Yuen Shan‚ an operations support and control manager of the bank‚ said she also corrected Frilsham Enterprise’s account number from "953601855" to "9530018552". Lam‚ has agreed that the amount stated was actually credited into another bank account (account number 547003027) of Frilsham Enterprise. The
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forecasts by Wall Street analysts. (2004)‚ “Corporate scandals are now staples of front-page news as shareholders demand accountability for billions of dollars lost. Still‚ the U.S. government says the Rigases ’ case is one of the worst ever of financial fraud” (para. 3). Adelphia scandal consisted of six members‚ John Rigas‚ Timothy Rigas‚ Michae; Rigas‚ James Rigas‚ James R. Brown and Michael Mulcahey. These members of the scandal committed many crimes based on selfishness‚ greed‚ and power. Their management
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1.1 Introduction As a developing country‚ Bangladesh needs FDI for its ongoing development process. It is a potent weapon for developing the economy and achieving the country’s socio-economic objectives. The climate for investment is determined by the interplay of a whole set of factors: economic‚ social‚ political‚ technological and environmental that has a bearing on the operation of businesses. Foreign direct investment (FDI) has the potential to generate employment‚ raise productivity‚ transfer
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supposedly required to allow the deal to proceed. The scammers use a variety of stories to explain why they need your help to access the funds. For example they may claim that political climate or legal issues preclude them from accessing funds in a foreign bank account. They may also claim that your last name is the same as that of the deceased person who owned the account and suggest that you act as the Next of Kin of this person in order to gain access to the funds or that a rich businessman‚ who has a
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bd/content/2010/05/31/news0435.htm 1.Bangladesh Finance Minister http://www.mof.gov.bd/en/index.php?option=com_content&view=article&id=107&Itemid=1 2. Bangladesh Bureau of statistics http://www.bbs.gov.bd/ 3.Bangladesh Bank 4.Income Tax Ordinance 1984 http://bdlaws.gov.bd/pdf_part.php?id=672 Bangladesh-Taxes VAT act 1991: http://www.sai.uni-heidelberg.de/workgroups/bdlaw/1991-a22.htm TAX SYSTEM OF BANGLADESH Major heads of tax-revenues of Bangladesh are as follows: A. Taxes on Income
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