The Rainbow Paints of RFL Group has launched ‘Service Month’ for the second time with a view to providing the highest service to its customers.
RN Paul, Managing Director of RFL Group, inaugurated the programme on Sunday through an event held at a hotel in the city’s Badda.
During the service month that will be observed throughout November and December, customers will enjoy a discount up to 25 percent on paint products and five percent on hardware products and painting service.
Customers will be able to purchase products of Rainbow brand in installment from Rainbow Paints showroom. All paint related solutions are available for customers during the service month. Moreover, there is scope to win attractive prizes including refrigerator, TV, microwave oven, bicycle, dinner set, through raffle draw by purchasing products during the campaign, the company said in a statement.
The top purchaser will get the opportunity to travel to Nepal.
Paul said, “RFL Group gives highest importance to the quality of products as well as satisfaction of the customers. Now is the season of painting. But people face problems including selection of paints. For this reason, we’ve launched the campaign. Last year, we observed one month as service month. This year, we’ve decided to observe service month for two months. We hope that people will take all of our services during this period.”
He said that Rainbow is a local brand. They have received a good response from the customers within a short period of time thanks to quality. “We hope the brand will be established as a leading paint brand in Bangladesh very soon,” he said.
Kamrul Hasan, Chief Operating Officer at Rainbow Paints, said the main attraction of the service month is the opportunity to purchase products on installments. Customers can take delivery of the products later ordering the products in November and December to enjoy huge discount and installment facilities during the campaign.
Customers can also avail the service from the authorised dealers of Rainbow Paints across the country.
Architect Abid Hasan Noor, Md Shahjahan, Consultant of Rainbow Paints, Shajahan Sunny, Head of Sales, Fahim Hossain, Head of Marketing and Nazmul Akand, Brand Manager, among others, were present on the occasion.
There are 35 types of paints in decorative, floor coating, marine, car, powder coating, industrial, wood coating categories. Customers can purchase Rainbow Paints across the country through about 150 outlets and authorised dealers across the country.
The Bangladesh Bank has allowed foreign investors to open Temporary Non-Resident Taka Account with local authorised dealers (AD)-designated banks and also with offshore banking units (OBUs) of local banks.
Referring to a previous circular issued on May 16, 2019, the BB said ADs may open Temporary Non-Resident Taka Accounts in the name of the proposed company/enterprise of foreign investors contemplating to invest in Bangladesh without prior approval of Bangladesh Bank in accordance with Guidelines for Foreign Exchange Transactions-2018 (GFET).
“Temporary foreign currency accounts may also be opened by ADs and OBUs (in case of Type A enterprises), to park fund remitted from abroad as equity by foreign investors subject to observance of the same instructions as noted in paragraph 2(C), chapter 9 of GFET,” said the BB circular, issued by its Foreign Exchange Policy Department.
It also clarified that the regulations to open Temporary Non-Resident Taka Accounts and Temporary Foreign Currency Accounts are equally applicable for proposed companies to be established in EPZs and EZs, subject to observance of the same instructions stipulated BB’s Foreign Exchange Circular No. 21 dated May16, 2019.
Officials said the Type A enterprise means 100 percent foreign-owned, including those owned by Bangladeshi nationals ordinarily residing abroad.
The amount of working capital loan for Covid-19 affected industries and service sectors under the Prime Minister’s announced Economic Stimulus Package has been raised to Tk 40,000 crore from Tk 33,000 crore, a Bangladesh Bank circular said Thursday.
Initially, the loan package for such purpose was Tk 30,000 crore when it was first announced on April 5 this year under the Economic Stimulus Package.
Later, the fund was enhanced to Tk 33,000 crore to facilitate the salary payment of the export-oriented garment industries.
“Now, this fund has been increased to Tk 40,000 crore to facilitate the loan/investment support to the affected industries and service sector,” said the circular, issued by the Banking Regulation and Policy Department (BRDP) of BB for all scheduled banks
The circular said it was decided that beside the local industries, the increased fund of Tk 7,000 crore will be applicable for loan/investment facilities for the Covid-19 affected A, B and C type foreign and joint-venture industries in areas under Bangladesh Economic Zones Authority (BEZA), Bangladesh Export Processing Zones Authority (BEPZA) and Bangladesh Hi-Tech Park Authority (BHTPA).
The initiative was taken to support the affected foreign and joint venture industries under such authorities in order to strengthen their financial capabilities to continue production and employment.
The interest rate of the loans under the package will be 9 percent of which the government will provide 4.5 percent as subsidy, said the central bank circular.
Shameran Abed has been reelected as bKash chairman.
The board of bKash Ltd re-elected him for a second term at a meeting held on Tuesday, said a press release on Thursday.
Abed was earlier elected as Chairman in November, 2015 for a term of 5 years.
He is a senior director at BRAC and also sits on the boards of several companies including BRAC Bank Ltd.
The board also accepted the resignation of Douglas Feagin, nominee director of Ant Group, and welcomed Gouming Cheng in his place.
Other members of the bKash board include Brac Bank nominees Selim R F Hussain, K Mahmood Sattar, Barrister Nihad Kabir and Ryan Gilbert, Money in Motion nominees Nick Hughes and Arun Gore, IFC nominee Andi Dervishi and Ant Group nominee Kenny Man.
bKash Ltd is a bank-led Mobile Financial Service Provider in Bangladesh licensed by Bangladesh Bank as a subsidiary of BRAC Bank Limited.
bKash provides safe, convenient and easy ways to make payments and money transfer services via mobile phones, with a particular focus on the unbanked people of Bangladesh.
At present, bKash is one of the leading Mobile Financial Services Provider in the world.
bKash started as a joint venture between BRAC Bank Limited, Bangladesh and Money in Motion LLC, USA in 2010.
Islami Bank Bangladesh Limited (IBBL) has donated 2 lakh blankets to the Prime Minister's Relief and Welfare Fund for the welfare of cold stricken people.
On behalf of the Prime Minister, Dr Ahmad Kaikaus, Principal Secretary to Prime Minister received the blanket from Md Nazmul Hassan, Chairman of Islami Bank on Wednesday at the Prime Minister’s office.
Prime Minister Sheikh Hasina attended the programme virtually while Md Nazrul Islam Mazumder, Chairman of Bangladesh Association of Banks was present.
Also read: IBBL Dhaka zone holds online conference