...SYSTEM BY SOUTHEAST BANK LIMITED 1.0 Introduction Information systems are essential for conducting day-to-day business in the most advanced countries in the world, as well as achieving strategic business objectives. Entire sectors of the economy are nearly inconceivable without substantial investments in information systems. E-commerce firms such as Amazon, eBay, Google, and E-Trade simply would not exist. Today’s service industries—finance, insurance and real estate, as well as personal services such as travel, medicine, and education—could not operate without information systems. Similarly, retail firms and manufacturing firms require information systems to survive and prosper. 1.1 Objective of the report The main purpose of this report is to have a clear idea about the application of information system by banking system of Bangladesh. For this reason we select Southeast Bank Limited. 1.2 Methodology and Data Collection Of the two ways of data sources (primary and secondary) we have used only secondary sources as follows: • Text books, • Investigation report, • Previous researches related to the topic, • Journals, newspaper, indices data and • Electronic sources (Internet) 1.3 Scope of the report The reader of the report will find the answer of the following questions after reading this report; ➢ What is an information system? ➢ What makes information system so essential today? ➢ How banks and financial...
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...Sheet Risk management and should ensure that the structure of the institute’s business and the level of Balance Sheet risk it assumes are effectively managed, appropriate policies and procedures are established to control the direction of the organization. The whole exercise is with the objective of limiting these risks against the resources that are available for evaluating and controlling liquidity and interest rate risk. Asset Liability Management (ALM) can be defined as a mechanism to address the risk faced by a bank due to a mismatch between assets and liabilities either due to liquidity or changes in interest rates. Liquidity is an institution’s ability to meet its liabilities either by borrowing or converting assets. Apart from liquidity, a bank may also have a mismatch due to changes in interest rates as banks typically tend to borrow short term (fixed or floating) and lend long term (fixed or floating). A comprehensive ALM policy framework focuses on bank profitability and long-term viability by targeting the net interest margin (NIM) ratio and Net Economic Value (NEV), subject to balance sheet constraints. Significant among these constraints are maintaining credit quality, meeting liquidity needs and obtaining sufficient capital. An insightful view of ALM is that it simply combines portfolio...
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...Name: Dang Tran Bich Ngoc Student ID: BB110407 Assignment 1: Case Studies: Case studies in east and Southeast Asia in comparative perspective to show the similarities and differences of the development experiences in the region. I. Introduction: This paper reviews the pattern and trends of the development in East and Southeast Asia to recognize the similarities and differences in the region. It offers an extensive view of the Southeast Asian economic miracles in comparative East Asian perspective by comparing and contrasting the Southeast Asian experiences with those of the other high performing East Asian economies, as the World Bank (1993) chose to describe them. The following discussion will focus on the development experiences of Southeast Asia that have been considered high-growth economies, as well as East Asia countries. The Southeast Asia economies have been rather successful in applying public policies to realize their chosen developmental objectives, from the viewpoint of better advancing the course of human development, will be identified. II. East and Southeast Asia (ESA) economies • Human Development (HD): As well as being substantially different in the starting level of human development achieved, and although all have made substantial progress over the two decades, these economies show marked differences in the pace of this progress. Being already high-achieving, Japan recorded a modest rate growth of 0.26%, Singapore 0.61% and South...
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...potentials 3. South-east Asia recent Economic performance 4. The likelihood to become significant players in the global economy Prospects and assessments 5. Implication on global economic III, Conclusion I, Introduction Asia is the most dynamic region in the world economy at present. The development of Asia is twice the rate when compared to the other regions. The policy orientation, which stresses free movement of capital, goods and services across the national boundaries are the reasons for the growth which is possible now. The economic efficiency and transfer of technology which foster shifts in productions and comparative advantages are the results of the enhancement. (Chong) Because of the Global Financial Crisis, Southeast Asia has been the Gold rush modern- day as international companies clamor to get a piece of the action. As the major part of the young population of 600million and the increasing middle class people are the few bright spots for economic growth and investment returns. Unfortunately, according to my research has found that much of this region’s growth in recent years had been by ballooning credit and asset bubbles a pattern that is also occurring in the numerous emerging economies across the globe. (southeastasiaseconomy) This easy focus on evaluate the economic performance of South East Asian...
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...also owns 2 stationary stores, 5 concert halls, and 2 children bookstores. Eslite is well operated by compound management, including publishing, art exhibitions and even Tearoom. Because of its positioning and targeting customers, most of the branches are located in the urbanized areas. In 2012, Eslite established the first overseas branch in Causeway bay, Hong Kong. It is a spacious and quiet bookstore with more than 230 thousand books. It’s now the biggest bookstore and the one with most book collections in Hong Kong. Moreover, it will soon open in China at Soochow 2014. Assessment of Potential Market: Southeast Asia Most of the books in Eslite are Chinese; as a result, we want to expand to a market with lots of Chinese people: the Southeast Asia (See Exhibit 1&2). For the increasing consuming power in Chinese market, we plan to enlarge our expansion to the Southeast Asia. We think the prospect of Eslite in south East Asia is brightening. 2 ESLITE IN...
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...Introduction Singapore- officially the Republic of Singapore, is a Southeast Asian island city. Singapore was founded as a British trading colony in 1819. It joined the Malaysian Federation in 1963 but separated two years later and became independent. Though physically small, Singapore is an economic giant. Singapore has been Southeast Asia's most modern city for over a century. Singapore has a highly developed and successful free-market economy. Since independence, Singapore is the world's fourth leading financial centre, and its port is one of the five big ports in the world. The economy depends on exports and refining imported goods, especially in consumer electronics, information technology products, pharmaceuticals, and on a growing financial services. Real GDP growth averaged 8.6% between 2004 and 2007. In the global financial crisis, Singapore rebounded quickly 14.8% in 2010, with per capital GDP equal to that of the leading nations of Western Europe and the third highest per capital income in the world. Singapore has attracted foreign investments in technology production and will continue efforts to establish Singapore as Southeast Asia's high-tech hub. Entrepreneurship Independent of the stage of economic development, entrepreneurship plays a significant role for the expansion, job creation and overall economic health within a country. Entrepreneurship is relatively common in Singapore, with the country taking pride in a sense that the country was built on entrepreneurial...
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...Laos Laos, officially the Lao People's Democratic Republic, is a landlocked country in Southeast Asia, bordered by Burma and the People's Republic of China to the northwest, Vietnam to the east, Cambodia to the south, and Thailand to the west. Capital: Vientiane Currency: Lao kip Population: 6.77 million (2013) Government: Communist state, Socialist state Official language: Lao ------------------------------------------------- Etymology ------------------------------------------------- In the Lao language, the country's name is "Muang Lao" or "Pathet Lao" both literally mean "Lao Country".[17]The French, who united the three Lao kingdoms in French Indochina in 1893, named the country as the plural of the dominant and most common ethnic group (in French, the final "s" at the end of a word is usually silent, thus it would be pronounced "Lao"). ------------------------------------------------- Early history ------------------------------------------------- In 2009 an ancient human skull was recovered from the Tam Pa Ling cave in the Annamite Mountains in northern Laos; the skull is at least 46,000 years old, making it the oldest modern human fossil found to date in Southeast Asia.[19] Archaeological evidence suggests agriculturist society developed during the 4th millennium BC. Burial jars and other kinds of sepulchers suggest a complex society in which bronze objects appeared around 1500 BC, and iron tools were known from 700 BC. The proto-historic period is...
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...economic agency to handle serious balance of payments disequilibria. Capital control and growth rates in developing Asia and the twin deficit problem of the United States are also discussed. It also assesses the probability of the reemergence of an exchange rate crisis in Southeast Asia and the wisdom of having an Asian IMF. “Lenin was right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.” — John Maynard Keynes The Economic Consequences of Peace Keywords: Exchange rate crisis; capital control; growth rates in China and ASEAN; East Asian financial crisis; US twin deficits; IMF; AMF. 1. Post-Crisis Per Capita Income A not well-known fact is that all the six economies in Southeast Asia adversely affected by the 1997/1998 financial crisis have not, until today (November 2005), some eight years later, recovered from the pre-crisis per capita income level in US dollar terms (see Table 1). Thailand’s per capita income in 1996 was US$3,084. After the impressive post-crisis recovery eight years later in 2004, it decreased by 18.3% to US$2,519. Indonesia’s per capita income declined by 10.4%. In other words, the damage the exchange rate crisis did to the Southeast Asian economies is serious enough that utmost attempts must be made to prevent its recurrence. However, should there be another massive speculative attack on the exchange rate, and should external help be required, where could these countries turn to? ∗ This article is...
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...Initiative for ASEAN Integration (IAI) and Narrowing the Development Gap (NDG) Narrowing the Development Gap Narrowing the Development Gap in ASEAN refers to reducing various forms of disparities among and within Member States where some pockets of underdevelopment persist. Measures in the ASEAN Political Security, Socio-Cultural and Economic Community Blueprints are targeted at policy reforms for narrowing the development divide to foster regional cooperation, greater social and economic integration, consistent with the objective of building an ASEAN Community in 2015. Initiative for ASEAN Integration The ASEAN Heads of State at their Summit in 2000 launched the Initiative for ASEAN Integration (IAI) with the objectives of Narrowing the Development Gap (NDG) and accelerating economic integration of the newer members of ASEAN, namely Cambodia, Lao PDR, Myanmar, and Viet Nam (CLMV). IAI Work Plans The efforts to narrow the development gap will be driven mainly by the IAI Work Plan (IAI-WP). The six-year IAI-Work Plans have been developed to assist the CLMV countries as well as ASEAN's other sub-regions to ensure that the economic wheels of their economies move at an accelerated pace. The first phase of the Work Plan covered the years 2002 to 2008. The current Work Plan (IAI-WP II) is based on key programme areas in the three Blueprints for the ASEAN Community: ASEAN Political-Security Community Blueprint, ASEAN Economic Community Blueprint and ASEAN Socio-Cultural Community...
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...Organization of Remittances: Channelling Remittances from East and Southeast Asia to Bangladesh Md Mizanur Rahman Brenda S.A. Yeoh ASIAN METACENTRE FOR POPULATION AND SUSTAINABLE DEVELOPMENT ANALYSIS HEADQUARTERS AT ASIA RESEARCH INSTITUTE NATIONAL UNIVERSITY of SINGAPORE Md Mizanur Rahman is a Postdoctoral Fellow at Asia Research Institute, National University of Singapore, Singapore. He is a sociologist with particular interests in migration and development, migration and human (in)security, minority migration and migration policy in East and Southeast Asia. He obtained his Ph.D. in Sociology from National University of Singapore, Singapore, and M.A. in Sociology from Aligarh Muslim University, Aligarh, India. Brenda S.A. Yeoh is Professor, Department of Geography, and the Head of Southeast Asian Studies Programme, National University of Singapore. She leads the research cluster on Asian Migrations at the Asia Research Institute and is Principal Investigator of the Asian MetaCentre for Population and Sustainable Development Analysis (funded by the Wellcome Trust, UK) at the Asia Research Institute. She is a social geographer whose main interest in population-related studies lies in migration, family and gender issues. She has in recent years completed, in collaboration with other colleagues, research projects on modes of childcare in Singapore, migrant women as paid domestic labour in the Southeast Asian context and Singaporean skilled migration to China. Brenda Yeoh...
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...in the US during the Regan Administration. However, it was during the Clinton era that liberalization became a top priority. Whereas previous governments had pushed for the liberalisation of Japan, one of Clintons main foreign policy objectives was the liberalisation of the Asian economies. This process was pushed forth in Asia with such vehemence because the region held a lot of investment opportunities for American Banks, Brokerages, and other financial sector businesses. Unfortunately, Asia�s economies were not structurally ready to deal with the influx of capital that was headed their way. They had weak banking and legal systems that were unable, or unwilling, to regulate the flow of foreign capital in the country. The Americans eventually persuaded Koreato relax its capital flow regulations by giving it the option of joining the Organisation for Economic Co-operation and Development. Even then, Korea was concerned that its financial institutions may not be able to deal with an influx of foreign capital. One fatal mistake that Korea, as well as other Southeast Asian countries made, was that they opened their capital markets in the wrong way. They did not allow long term investments in Korean companies, but rather, only short-term investments that could be removed easily. One example of the sort of quick investments that were being made in Asia can be seen in the Japanese. In Japan the interest rates were very low, so investors would borrow at 2 percent and then convert their...
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...An Overview of The Asian Financial Crisis Prepared for Mahrufa Bashar Assistant Professor Course Instructor: International Finance Prepared by S.M. Ishtiuaque (ZR 30) Md. Sakib Khaled (ZR 55) Md. Mahmudur Rahman (ZR 82) Mazharul Islam Bin Towhid (ZR 89) Debojit Saha (ZR 110) BBA 18th batch Institute of Business Administration, University of Dhaka October 02, 2013 Contents 1. Introduction 2 2. Background of the Asian Financial Crisis 2 3. Development of the Crisis 3 4. Reasons Behind the Crisis 4 5. Solutions to Problem 5 6. Conclusion 6 ------------------------------------------------- 1. Introduction In 1993 the Worldbank, celebrating the outstanding performance of eight Asian economies, coined the term ‘The Asian Miracle’. Less than five years later, four of these economies (Indonesia, Malaysia, Korea, and Thailand) and the Philippines found themselves in one of the sharpest economic crises of the last decades. The resulting economic recession shocked the world with its staggering economic and social costs. Over a million people in Thailand and approximately 21 million in Indonesia found themselves impoverished in just a few weeks, as personal savings and assets were devalued to a fraction of their pre-crisis worth. As firms went bankrupt and layoffs ensued, millions lost their jobs. Soaring inflation raised the cost of basic necessities. Strapped fiscal budgets imposed a financial squeeze on social programs, and the absence of adequate...
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...1. About the country Singapore is a member of Association of Southeast Asian Nations (ASEAN) and Asian Pacific Economic Cooperation (APEC) and it is an island country of the southern tip of the Malay Peninsula in Southeast Asia. Singapore has a strategic location for Southeast Asian shipping routes and also it is separated by the Straits of Johor from Singapore and Indonesia’s Riau Islands by the water side a decade ago. This country has highly development free market economy in which the economy is open and corruption-free. And the chief of state is the President and the head of government is the Prime Minister. 2. Political Characteristics In Singapore politics have been dominated by the People's Action Party (PAP) since the general elections of 1959, when Lee Kuan Yew became the first prime minister of Singapore. Foreign policy analysts and several opposition parties, including Workers' Party of Singapore and the Singapore Democratic Party (SDP) have argued that Singapore is one of state. This facto single party has led Freedom House to consider Singapore as not an appropriate electoral democracy. Singapore left the Common wealth in 1963 to join the Federation of Malaysia but was expelled from the federation in 1965 after Lee Kuan Yew disagreed with the federal government in Kuala Lumpur. Former Supreme Court of Singapore’s legal system is based on English common law, but with substantial local differences. Despite this , in the most recent parliamentary elections in...
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...Introduction A threateningly armed political authority has established its roots in the Middle East. In June 2014, the Islamic State which sometimes calls itself the Islamic State of Iraq and Levant (ISIL) or the Islamic State of Iraq and al-Shram (ISIS) announced its establishment on the world politics (Lister, 2014). The organization is led by Abu Bakr al-Baghdadi who declared himself the Caliph. On his announcement, al-Baghdadi assumed the title of the Commander of the faithful Caliph Ibrahim II. Islamic State aspires to unite all Muslims in one state. According to the jihadists, this is only possible through a caliphate in which ISIS is closest to achieving. The difficulty of the formation of the caliphate is the harsh opposition the group obtains from the Shias who are a fifth of all the Muslims. Such oppositions had already been observed in the history of Islamic schism (Lister, 2014). ISIS ideological appeal has worked in its favor to recruit its fighters all over the world. The strategy has also resulted to some supports from Muslim countries such as Pakistan. Nonetheless, the group has unspeakable violence majorly directed to Christians and the Shias. This paper conducts an in-depth analysis of the Islamic State regarding its evolution, modus operandi in terms of its operations and recruitment. The paper then assesses the impacts and threats of the group not only in the Middle East, but also world-wide. Literature Review The Islamic State has made great...
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...Asian Development Outlook 2015 Highlights The full report is available on the ADB website at http://www.adb.org/ado2015 About the Asian Development Bank ADB’s vision is an Asia and Pacific region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their people. Despite the region’s many successes, it remains home to approximately two-thirds of the world’s poor: 1.6 billion people who live on less than $2 a day, with 733 million struggling on less than $1.25 a day. ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable growth, and regional integration. Based in Manila, ADB is owned by 67 members, including 48 from the region. Its main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance. ASIAN DEVELOPMENT OUTLOOK 2015 FINANCING ASIA’S FUTURE GROWTH HIGHLIGHTS ASIAN DEVELOPMENT BANK 6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines www.adb.org ASIAN DEVELOPMENT BANK ASIAN DEVELOPMENT OUTLOOK 2015 Financing asia’s future GROWTH HIGHLIGHTS EVELOPMENT BANK ASIAN DEVELOPMENT BANK Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) © 2015 Asian Development Bank 6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines Tel +63 2 632 4444; Fax +63 2 636 2444 www.adb.org; openaccess.adb.org OARsupport@adb...
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