Dhaka, Sept 9 (UNB)- Al-Arafah Islami Bank Ltd (AIBL) has recently opened its 159th branch in Pirojpur district.
Director of the Bank Abdul Malek Molla formally inaugurated the new branch as Chief Guest on Thursday where Principal of Charmonai Alia Madrasa Maolana Syed Mosaddek Billah Al Madani and Executive Vice President and Head of AIBL Khulna Zone Md. Manjur Hasan were present.
Bank Managing Director Md Habibur Rahman presided over the ceremony.
Among others, President of Pirojpur Zila Ainjibi Samiti, Khan Md Alauddin, Secretary Syed Sabbir Ahmed, Ex-President MA Hakim Howladar, President of Pirojpur Chamber of Commerce, Ataur Rahman Sheikh Alam, Ex-VP of Pirojpur Sohrawardi College, Seikh Firoz Ahmed, prominent businessmen Aktaruzzaman Manik, Aktaruzzaman Fulu and Counselor of Pirojpur City Corporation Md Saidullah Liton were also present there.
In his speech Abdul Malek Molla said Al-Arafah Islami Bank Ltd was established not for making profit by doing business but for the welfare of the society.
He invited all to have the blessings of Islamic banking service in the new branch saying that Islamic banking system can boost-up the economy of the country.
Dhaka, Sep 8 (UNB) - The local electronics and electrical appliances manufacturer Marcel is now conducting ‘Digital Campaign Season-3’ across the country as the previous two seasons of its nationwide campaign received good responses from the buyers, said a press release on Saturday.
The 3rd season is offering brand new cars, motorcycles, free products or sure cash-backs to the buyers on the purchase and registration of Marcel brand fridges, LED televisions and air-conditioners. The offers have been effective from September 1, 2018.
With the aim of delivering online based swift and best after sales service to the users of Marcel brand products through building a strong customers’ database, Marcel conducted ‘Digital Campaign’ across the country from October 2017 to February 2018.
Witnessing customers’ huge response to the campaign, Marcel resumed the campaign on April 1 and continued it till June 30 of 2018. During that period, customers of Marcel fridges, televisions and air-conditioners received free air tickets of America and Russia, fridges, televisions, ACs or sure cash-back up.
Later, the local brand conducted ‘Eid Mega Digital Campaign’ during the month of July and August. Considering the customers’ huge response to the campaign, Marcel is now conducting the campaign’s 3rd Season in 2018.
Marcel’s Head of Sales Dr. Md. Shakhwat Hossen said, the digital campaign has received sound response from the customers and also reduced their reluctance on registering products just after the purchase. In addition, the campaign also accelerated the process of building customers’ database, he added.
To sustain the buyers’ eagerness in registering their purchased products, Marcel started the campaign’s third season, he noted and expected that the third season will also be successful like the campaign’s previous two seasons.
During the ‘Digital Campaign’, details of the customers and their purchased products including the name of customer, contact number and the model number of the product are being stored on a server.
The customers can seek post sales services browsing the Marcel developed web page http://support.Marcelbd.com and also they can see the status of the product from online.
Singapore, Sep 7 (AP/UNB) — Asian stocks were mostly lower on Thursday as the U.S. and China moved closer to imposing tariffs on billions of dollars of each other's goods, sounding a call of caution in the markets.
KEEPING SCORE: Japan's benchmark Nikkei 225 fell 0.9 percent to 22,296.35 and the Kospi in South Korea dropped 0.5 percent to 2,275.89. Hong Kong's Hang Seng fell 0.5 percent to 26,828.82. The trade spat is one reason the Hong Kong index has dropped 18 percent since its peak in late January. The Shanghai Composite index was 0.2 percent higher at 2,697.76. Australia's S&P/ASX 200 shed 0.4 percent to 6,136.70.
WALL STREET: On Thursday, U.S. technology companies suffered sharp losses for the second day in a row and emerging markets slid on trade fears. The S&P 500 index dropped 0.4 percent to 2,878.05. The Nasdaq composite, which has a high concentration of technology companies, dipped 0.9 percent to 7,922.73. The index has lost 2.3 percent this week. The Russell 2000 index of smaller-company stocks was 0.8 percent lower at 1,714.47. The Dow Jones Industrial Average added 0.1 percent to 25,995.87, as industrial companies and high-dividend stocks rose.
US-CHINA TENSIONS: The Trump administration may impose tariffs of up to 25 percent on an additional $200 billion in Chinese goods, after a public comment period ended Thursday. The imports are equal to nearly 40 percent of all the goods China sold the United States last year. Doing so would escalate a confrontation between the world's two biggest economies and likely squeeze U.S. companies that import everything from handbags to bicycle tires. China has said that it is ready to retaliate with "necessary countermeasures" if President Donald Trump goes ahead with the tariff hike. Commerce Ministry spokesman Gao Feng said Thursday that the country is confident it can maintain "steady and healthy" economic growth. It has announced a $60 billion list of American products targeted for retaliation. The Chinese government has said it would help local and even foreign businesses in the country mitigate the effects of the trade dispute.
ANALYST'S TAKE: "The market is risk-off and pricing in the effects of new tariffs. It's a done deal as far as investors are concerned," said Francis Tan, investment strategist at UOB Private Bank. "I don't think that China will retaliate with a full-fletched devaluation of the yuan. They will turn to other non-tariff measures," he added.
ENERGY: Benchmark U.S. crude added 9 cents to $67.86 a barrel. The contract dropped 1.4 percent to settle at $67.77 a barrel in New York. Brent crude, used to price international oils, lost 1 cent to $76.49 a barrel. It lost 1 percent to $76.50 a barrel in London on Thursday.
CURRENCIES: The dollar fell to 110.67 yen from 110.83 yen. The euro strengthened to $1.1637 from $1.1625.
Dhaka, Sept 7 (UNB) - Micro Industries Development Assistance and Services (MIDAS) aims to be the frontline business development service provider in Bangladesh, says its Managing Director Dr ASM Mashi-ur-Rahman.
Its mission is to help generate jobs to reduce poverty and promote socio-economic development.
MIDAS, creating economic opportunities for many individuals and organisations by providing financial and technical assistance, is celebrating 35 years of its presence in Bangladesh on Saturday.
It has emerged one of the leading promotional organisations in the MSME sector of Bangladesh.
MIDAS Financing Ltd (MFL) started operation in full swing with effect from January 2000 and MIDAS ceased to perform its financing function from the same date.
“MIDAS is committed to development of a sound and rapidly growing micro, small and medium enterprise sector through Consultancy and Technology Transfer services in Bangladesh,” Dr Mashi-ur said.
Accordingly, it underpins several issues, including entrepreneurs and Micro, Small and Medium Enterprises (MSMEs) across the world.
MIDAS, established with USAID grant, has been playing a vital role in development of entrepreneurship, especially focusing on women, since 1982.
“MSMEs in Bangladesh have emerged as a highly-vibrant and dynamic sector of the country’s economy and we take pride in announcing that MIDAS is one of the key players in this sector,” Dr Mashi-ur said.
About the contribution of organisations like MIDAS, he said, “Despite achieving economic growth consistently, income inequality at the individual level is causing skewness in consumption in the country.
The issues need to be addressed as Bangladesh continues to expand its presence in global trade it faces serious challenges and risks along with opportunities, he added.
In such a scenario, it is imperative that organisations such as MIDAS take initiatives to remove the bottlenecks so as to empower the country to achieve sustainable development, leaving no one behind.
About the history of the organisation, Dr Mashi-ur said, USAID was instrumental in the birth of MIDAS in 1982 and it supported MIDAS for about 11 years.
“However, MIDAS is continuing to render non-financial business development services. MIDAS is now a leading organisation in the private sector, providing high-quality services to MSMEs and playing a vibrant role in the field of consulting and development in Bangladesh,” he added.
Washington, Sep 6 (AP/UNB) — President Donald Trump said terrorism, Syria and Yemen were among the topics of discussion during a White House meeting Wednesday with the emir of Kuwait.
Trump said Sheikh Sabah Al Ahmad Al Sabah was a "very special friend" of his, while the 89-year-old Kuwaiti ruler said he was "very happy" to meet Trump for the third time in nearly a year.
The president said the U.S. and Kuwait practice "large-scale" trade and investment, and work together against terrorism. He declared Kuwait a "great partner" in that effort.
The emir said before the meeting that he and Trump would also discuss trade and investment, and cooperation on the military, energy and education.