Expanding external audit of banks' assets
The Bangladesh Bank (BB) has embarked on an important task of getting a true picture of the financial health of some domestic banks. It has started the audit of six troubled Islamic banks in the private sector employing a reputed global audit firm, Ernst and Young (EY). To make the...
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BRICS' potential for changing global economic order
With Indonesia joining the BRICS, a platform looking for strengthening South-South Cooperation and setting into motion a new world order, it now accounts for 40 per cent of the world population and 35 per cent of the global gross domestic product (GDP). Indonesia becomes the 10th member of the intergovernmental...
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It's time to switch to generic prescriptions
The pharmaceutical sector of Bangladesh has achieved quite a success in terms of quality and overseas market penetration. The country exports medicines to over 150 countries with several of the over 250 functional drug manufacturers sending their products even to highly regulated markets like the USA. The local people, however,...
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Drug pricing mechanism
Drug pricing is a critical issue that affects access to healthcare worldwide. European countries, including the UK, Canada, and Australia, exemplify strong government controls over drug pricing. In the UK, the National Health Service (NHS) and the National Institute for Health and Care Excellence (NICE) play pivotal roles to this...
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Creating opportunities for educated unemployment
Bangladesh has made remarkable strides in various sectors over the past decades. However, beneath this socio-economic progress, an alarming rise in the number of educated youth remains a major challenge, which may not only hamper economic growth but also undermine social stability.Unemployment is often discussed in terms of the social...
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