Dhaka, Mar 27 (UNB)- Walton Service Management System (WSMS), an ISO certified service centre, is starting AC Servicing Campaign to provide free and home-based post sales services to users of its air conditioners.
Walton AC users have to register first by calling ‘16267’ before March 31. After the deadline, WSMS experts will deliver free servicing to registered users, the company said in a statement.
Under this campaign, users will only enjoy free cleaning service. If any repair or spare parts are needed, users will have to bear the cost in accordance with the warranty policy.
All customers of Walton ACs now enjoy free installation services. People can now purchase new Walton ACs at 25 percent discount by exchanging used ACs of any brand.
Walton AC users are also enjoying a six-month replacement guarantee, 10-year guarantee on the compressor, 36-month easy installment facility and swift post sales services through more than 70 service centres across the country.
Every air conditioner of Walton is released in the market after obtaining quality control certification from international standard testing lab NUSDAT-UTS, the company said.
Walton ACs are also being exported to various countries.
Dhaka, Mar 27 (UNB) – Private airline US-Bangla is introducing regular morning flights to and from Sylhet from March 31.
It has been operating four flights on the Dhaka-Sylhet-Dhaka route since September last year. But the flights were at noon and evening.
The morning flight will leave for Sylhet at 7amwhile another one will start for Dhaka at 8:10am, the company said in a statement on Wednesday.
US-Bangla said it will use 72-seater brand new ATR 72-600 aircraft and 76-seater Dash 8-Q400 series planes on Dhaka-Sylhet-Dhaka route.
Washington, Mar 27 (AP/UNB) — President Donald Trump and House Republicans moved to build congressional support for the U.S.-Mexico-Canada trade accord on Tuesday with lawmakers selling the plan as offering big benefits for American workers. But prospects remain uncertain as Democrats are in no hurry to secure a political victory for the president.
GOP lawmakers emerged from a White House meeting knowing they likely have a narrow window to push it through both chambers of Congress, given that lawmakers tend to avoid tough trade votes during election season.
"There are a lot of big wins for American workers in this agreement," said House Minority Whip Steve Scalise, R-La. "We'd like to see it move through Congress as fast as possible and create even more jobs with this growing economy."
The White House described the meeting as the first in a series that Trump will have with lawmakers on both sides of the aisle "to build broad support" for the pact.
Rep. Earl Blumenauer, D-Ore., the chairman of the House subcommittee that has jurisdiction over trade, said the pact needs adjustments to be "worthy of support."
Some Republican lawmakers also have concerns. Sen. Chuck Grassley of Iowa, the Republican chairman of the Senate Finance Committee, maintains that the president should lift steel and aluminum tariffs on products brought in from Canada and Mexico as a first step to getting the trade agreement through Congress.
Trump's top trade negotiator, Robert Lighthizer, told lawmakers during a recent congressional hearing that if they don't pass the trade agreement, the United States will have "no credibility at all" with future trading partners, including China.
"There is no trade program in the United States if we don't pass USMCA. There just isn't one," Lighthizer said.
The White House's legislative affairs team has talked to more than 290 members of Congress and staff over the past two months to push the deal. But the administration knows that making changes in the agreement to win over lawmakers could jeopardize support for the pact from Canada and Mexico.
Sen. Joni Ernst, R-Iowa, told reporters recently that many in her state's agricultural community are "still with the president, but if we don't get the trade deals done, they could turn quickly."
She said, "We need to start wrapping this baby up."
The trade deal is designed to supplant the North American Free Trade Agreement , which took effect in 1994 and gradually eliminated tariffs on goods produced and traded within North America.
U.S. trade with its NAFTA partners has more than tripled since the agreement took effect, and more rapidly than trade with the rest of the world.
But Trump has called NAFTA a disaster for the United States. The new pact his administration negotiated is meant to increase manufacturing in the United States. Trump is warning that if lawmakers don't approve the pact, the U.S. may revert to what he has described as "pre-NAFTA."
Blumenauer is looking to make changes to the agreement in four areas: enhancing environmental and labor protections, ensuring enforcement of the agreement, and taking on protections for pharmaceutical companies that he believes drive up drug costs for consumers.
"I don't think anyone wants to blow it up, but there is interest in strengthening it," Blumenauer said.
Rep. Vern Buchanan of Florida, the ranking Republican on the trade subcommittee, said he believes the vast majority of Republicans will end up voting for the agreement. He's tried to assure Democratic colleagues that Republicans were "open-minded to try and get some things done" to address their concerns.
Still, Republicans conceded that Democrats are in charge of the calendar.
"Ambassador Lighthizer has said legislation will be sent to the Hill when Speaker Pelosi gives the green light," said Rep. Kevin Brady, the ranking Republican on the House Ways and Means Committee.
Brady said Republicans would work with Democrats to address "any fine-turning" they'd like to see, adding "we think it's crucial ... that we come together and pass this new agreement and get it to the president's desk this summer."
Canadian officials have been lobbying the U.S. to end Trump's steel and aluminum tariffs and have suggested that approval by Canada's Parliament could be conditioned upon them being lifted. David MacNaughton, Ottawa's ambassador to Washington, has said it will be a tough sell to pass if the tariffs are still in place.
Dan Ujczo, a trade lawyer and Canada-U.S. specialist in Columbus, Ohio, said the trade deal could pass "relatively quickly" once the tariffs are removed.
But Scalise described the tariffs as helping to create more leverage to get a deal done.
In Mexico, the administration of then-President Enrique Pena Nieto spearheaded Mexico's negotiations, but representatives of current President Andres Manuel Lopez Obrador were deeply involved in the talks to ensure an agreement that both the outgoing and incoming administrations could live with.
Allies of Lopez Obrador, who took office Dec. 1, enjoy a large majority in the Mexican Senate, so passage of the agreement would seemingly go smoothly.
Kenneth Smith Ramos, who was chief negotiator for Pena Nieto's government and now works as an international trade consultant at Mexico City-based AGON, said Mexican enthusiasm for the deal could dim though if there are significant new demands on labor, pharmaceuticals, the environment or other issues.
"We made some important concessions," he said, adding that if "the U.S. still wants more, then that starts to unbalance the agreement and there may be a growing opposition in Mexico."
Beijing, Mar 26 (AP/UNB) — Asian stock prices rebounded Tuesday after global markets slid on worries about U.S. and European economic growth.
Tokyo's Nikkei 225 index rose 1.8 percent to 21,362.60 and Hong Kong's Hang Seng gained 0.5 percent to 28,663.04. The Shanghai Composite Index was unchanged at 3,043.02 and Sydney's S&P-ASX 200 was flat at 6,126.50. Seoul's Kospi advanced 0.4 percent to 2,142.50 and benchmarks in New Zealand, Taiwan and Southeast Asia also rose.
On Monday, major markets in Europe and Asia tumbled as traders tried to make sense of pessimistic new outlooks on global growth.
On Wall Street, the benchmark Standard & Poor's 500 ended down 0.1 percent at 2,798.36 points. That added to losses from last week's sell-off.
Traders were rattled by a drop in long-term bond yields, which many see as a warning sign of a possible recession.
"Worries about global growth are evident," said Shane Oliver of AMP Capital in a report.
Despite that, "we see this year as being a decent year for share market returns," said Oliver. He pointed to a shift by central banks toward easier monetary policy, China's plans for economic stimulus and fading fears about the U.S.-Chinese tariff war.
European investors are uneasy about the uncertain outlook for Britain's plan to leave the European Union.
British lawmakers seized a measure of control over the process from Prime Minister Theresa May on Monday. That set up votes that could alter the course of Britain's departure from the European Union.
The move came after May conceded Parliament would defeat her twice-rejected divorce deal with the EU again if she put it to a third vote.
Worried investors have shifted money into bonds, sending yields lower. The yield on the 10-year U.S. Treasury slid to 2.40 percent from 2.45 percent late Friday. At one point, the yield had fallen to 2.38 percent, briefly triggering deeper declines in the stock indexes.
The 10-year Treasury yield is below the yield on the three-month Treasury bill, a worrying sign that in the past has preceded recessions. That occurred Friday.
APPLE TV: The company announced plans to launch a subscription TV service but failed to impress investors. Its stock slid 1.2 percent. The company did not say how much Apple TV Plus, which will be ad-free, will cost or when exactly it will debut. It will compete with big streaming services including Netflix and Amazon Video.
ENERGY: Benchmark U.S. crude gained 37 cents to $59.19 per barrel in electronic trading on the New York Mercantile Exchange. The contract shed 22 cents on Monday to close at $58.82. Brent crude, used to price international oils, rose 10 cents to $66.91 per barrel in London. It gained 6 cents the previous session to $66.81.
CURRENCY: The dollar gained to 110.04 yen from Monday's 109.96 yen. The euro advanced to $1.1317 from $1.1313.
Jakarta, Mar 23 (AP/UNB)— In a blow for Boeing, Indonesia's flag carrier is seeking the cancellation of a multibillion dollar order for 49 of the manufacturer's 737 Max 8 jets, citing a loss of confidence after two crashes within five months.
It is the first announcement of a cancellation since Boeing's new model aircraft were grounded following fatal crashes in Indonesia and Ethiopia.
PT Garuda Indonesia, which had ordered 50 Max 8 jets in 2014 and had received just one plane last year, sent a letter to Boeing last week requesting to cancel the order worth $4.9 billion, company spokesman Ikhsan Rosan said Friday. The carrier has so far paid Boeing about $26 million for the order.
Garuda joined other airlines worldwide in grounding its one Max 8 jet after the crash of an Ethiopian Airlines flight this month which killed all 157 people aboard. It came less than five months after 189 people died in the Oct. 29 crash of another Max 8, operated by Indonesian private carrier Lion Air.
"Passengers always ask what type of plane they will fly as they have lost trust and confidence in the Max 8 jet," Rosan told The Associated Press. "This would harm our business."
He said that Garuda plans to meet with Boeing representatives next week in Jakarta to discuss details of canceling the order.
"We don't want to use Max jets ... but maybe will consider switching it with another Boeing model of plane," Rosan said. He said Indonesian passengers are afraid to take flights using any Max model, whether it's the 8, 9 or 10 series.
A preliminary report from Indonesia's National Transportation Safety Committee in December stopped short of declaring a probable cause of the Oct. 29 crash.
Officials have provided scant details since then, saying they are still analyzing data from a cockpit voice recorder that was only recovered from the sea in January.
Meanwhile, in Europe, Polish national carrier PLL LOT said it was considering asking for financial compensation from Boeing or even a delay to deliveries of purchased 737 Max 8 aircraft after the planes were grounded globally following the crash in Ethiopia.
In a statement to the AP on Friday, LOT said it would wait for communications from Boeing and flight regulators on whether to put the Max 8 planes back into service. LOT has five 737 Max 8 planes and is to receive nine more this year. Its total fleet counts over 80 aircraft.
Another Polish carrier, charter airline EnterAir, said Friday it would also seek damages. It has two Max 8 planes and has placed orders for another four.
Earlier this month, Norwegian Air Shuttles said it would seek compensation from Boeing. It had grounded its 18 Boeing 737 Max 8 aircraft.
With Boeing's backlog of 4,600 unfilled orders for Max jets, the loss of the Garuda order figures to have little financial impact on the Chicago-based company. The danger is that other airlines could follow, particularly if investigators fault the plane for the accidents in Indonesia and Ethiopia.
"We think other cancellations may follow as global customers remain spooked after two crashes with seemingly similar causes," Jim Corridore, an airline analyst with CFRA Research, said in a note to clients.
Corridore said, however, that if Boeing delivers a software patch to a flight-control system suspected in the crashes, and the planes are allowed to resume flying, "most customers will be reassured." He said investors will eventually focus on strong demand for airliners.
The Wall Street Journal reported late Friday that federal investigators are looking into whether Boeing gave U.S. regulators and the company's customers incomplete or misleading information about the jets. The report cited people familiar with the matter who were not named.
Earlier this week, a person briefed on the matter told The Associated Press that U.S. prosecutors are looking into the development of the 737 Max jets. The Transportation Department's inspector general is also investigating the FAA's approval of jets, a U.S. official told AP.
Boeing Co. shares closed Friday down $10.53, or 2.8 percent, at $362.17 amid a broad stock market decline. Boeing shares have dropped 14 percent since the Ethiopia Airlines crash.