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To the Editor...
BTV Chittagong programme
Sir, As part of my usual daily life for professional reasons. I am to stay and pass my days and leisure time in Chittagong simply alone in weekdays including the Fridays. During this time. I had to often on and off my "only lone friend, the TV" in my house. I think it is self-explanatory why I used "often". It is very often and the rate is rather high due to grace of the super "power supply" system in Chittagong area (no comment please, because it is superpower — PDB: the power comes and goes frequently in PDB's own style). However, the most critical time when the TV programme change-over takes place from Dhaka programme to Chittagong programme at 6:00 pm and returns back to Dhaka programme at 7:00 pm. I had no interest at all to the quality of the Chittagong programme.
Everyday I sighed with a despair how to pass this one-hour time when Dhaka programme is cut down all on a sudden. Again I had to put my set off even if the power supply was OK. When the TV programme is delinked at 6:00 pm we always miss very important and interesting programmes. However, when it is relinked at 7:00 pm, it has no synchronisation with Dhaka programme. It always happens that the 7:00 o'clock news of Dhaka has already over or it is in its middle.
On Fridays, a very interesting serial "Superman" is telecast from Dhaka at around 5:45 pm and continues until 6:30 pm. When the programme arrives its climax, the sharp knife of the Chittagong centre strikes on and delinks to Chittagong programme — disappointing the thousands of viewers especially the children who are very fond of this serial.
Now I don't think I am the only person affected by this change-over. But I wonder why the Chittagong programme is not telecast in a separate channel. The quality of the Chittagong programme is in such a state that even local people think for a second option.
Authority may think on this if they like. The popular "Superman" programme of Dhaka
may be shifted to some other time if the super Chittagong Samme is so needed by the
>rity. In such a shift at least people like me and the children of this area will not be affected.
M A Sekendar, Uttara. Dhaka
Political games
Sir, No doubt is there in believing this truth that our golden sons of the soil have again taught us to love this land, proud of her brawny boys. It is their indomitable energy, perseverance and determination by virtue of which they have made it possible to win the game and to earn pride and honour for the nation. Above all. well-planned united efforts of all the players and their associates played a fruitful role behind the success of converting our dream into fact. If such a role is played in our national politics, our fate could be something different these days.
At this moment of cricket victory-spree, we watch with grave concern that while our sons are trying their best to elevate the prestige of the nation, our leaders are failing to perform their duties in the right way indulging themselves in fruitless brawl detrimental to national development and even to the spirit of Independence and liberation. I feel the urge to make everybody alert about those evil forces which are pulling the nation backward and sowing seeds of communal-ism. fundamentalism, terrorism and sabotage culture.
We must be cautious about the fact that we have already passed enough time since our independence and have seen a lot of political games which are nothing but greed for power. Twenty-five years is quite a long time for our leaders to practice and to rectify themselves. but it's surprising they still fail to accommodate themselves on the same platform on question of vital national issues though it is reasonably important to keep in mind that no one alone can shoulder all the responsibilities on such issues.
If we look at the recent UNDP report (which has
marked Bangladesh with the highest Incidence of poverty in Asia having 52 per cent population in absolute poverty), it becomes clear about who we are and what rank of prestige is there for us. But we must not be ungrateful to all and so we must offer due thanks to the present government which, despite some failed tasks (e.g. the recent "white collar crime"), has become able to prove its feelings for the people. I would request the government to show itself in the best possible activities in favour of nation's benefit and to take stern legal action to overcome any obstacle if put in the way to development by anyone, irrespective of one's social status. religion and party affiliation.
We need only two things to avoid any further wastage of time : 1) "Accountability” of the government and 2) free and fair practice of "law".
Kallyan Kishore Kathalbagan, Dhaka-1205
Price manipulation
Sir, From July to November last year when the prices of shares were soaring to dizzy heights, some responsible quarters were making reassuring statements regarding investors' confidence in the economy and the good time to come in the future.
Inevitably when the bubble burst the new entrants to the market found themselves in financial ruination. The enquiry committee set up by the Securities & Exchange Commission (SEC) to identify those responsible for the soft bubble concluded in its report that price manipulation by some prominent market players through the DVP trades was the cause of influencing the stock prices to gallop to a level which was inconsistent with its fundamen-tals.
What is happening right now appears to bear the symptoms of a downward price manipulation. If one evaluates the price earnings ratio, earnings per share, dividend yield percent-S, price to book value ratio of good qualify shares listed with the DSE/CSE. it is quite evident that at the current Erices the shares are an attrac-ve buy. Why is it then the
prices are still falling?
There are many subtle reasons for a downward price ma-nipulation. Firstly, the inexperienced investors holding high priced shares apprehending further fall, panic and sell offtheir shares at rock bottom prices. The'big market players then step in and buy those shares, to sell it later at a windfall gain. Secondly, some vested interest Soups may attempt to discredit e market regulators and to despoil the stability of the market itself.
An important point to remember is stock prices are highly sensitive to statements and comments made by public officials, especially those in the Ministry of Finance. SEC and Bangladesh Bank and to a large extent also the news media. Understandably. there is very little logic in giving a rosy picture, but at the same time, gloomy comments can be damaging and result in a panic run on the financial system.
The development and sustenance of the capital market is vital for the economy. New companies raise their cost-free fund by issuing IPOs. Existing ones also raise the required capital by rights issue. This has become more relevant with the present state of the banks' loan classification and their reservation of term loan financing.
When confidence is lost in the stock market, it will certainly have a damaging effect on the overall economy.
The SEC should take immediate steps to deploy its task force at the trading floor of both the bourses in order to clamp down on price manipulation activities.
Khurrum Malik 20 MM AU Road Mehdibagh. Chittagong
Consumer-unfriendly
Sir, Price of every commodity have gone up beyond the reach of common people. For example, you would like to buy a pack of Benson cigarettes, they will charge you confusing prices. Someone will tell you 80 taka, and someone 75. Why is it so? My question is: why should the common customers suffer in this way?
Mostafa Sohel
Banani, Dhaka-1213