Local-Business
Huawei partners with Golden Harvest
Huawei Technologies and Golden Harvest will work together in Bangladesh to help every industry achieve higher business growth and significantly cut operation costs.
Abdul Huque, director of Golden Harvest, and Alex Li, director of Huawei Bangladesh, recently signed an agreement in Dhaka.
Under the deal, Golden Harvest Info Tech, a wing of Golden Harvest, will provide cloud solutions, software as a service (SaaS) and infrastructure as a service (IaaS) to different verticals like other cloud partners of Huawei Bangladesh.
Also Read: Huawei: 'Fastest-growing' cloud provider in Asia-Pacific
Alex Li said: "In Asia-Pacific, Huawei has established partnerships with nearly 10,000 enterprises and cloud partners and plans to invest $100 million in the Spark startup ecosystem. Huawei wants to work intensively on digital power and cloud in Bangladesh. I believe this partnership will help the industries of Bangladesh to get a better cloud solution more conveniently."
Abdul Huque said: "With Huawei's leading cloud solution, we will be able to develop a comprehensive cloud ecosystem in Bangladesh."
In Bangladesh, the government, Robi, IFAD Autos, bdjobs.com, Rokomari.com, Daily Star, DBC News, Ekattor TV, Symphony Softech, New Zealand Dairy, Ajkerdeal.com, Perfee, deliveryTIGER, UNITEX, and Flora Telecom are using Huawei Cloud.
Read Seeds For The Future moves to 3rd round with 30 students
Also, Huawei provided cloud service for the launch of the virtual Amar Ekushey Boi Mela last February so that the visitors and interested people can access all information related to the fair through a website.
RFL brings new cooker hood
Rangpur Metal Industries, a concern of RFL, has brought a new cooker hood.
"The cooker hood has different features including automatic motion sensor, touch control switch, auto heat clean technology, tempered glass panel, and stainless steel filter," Rangpur Metal Industries Director Md Moniruzzaman, who unveiled the product at an event in the capital recently, said.
Read RFL brings app-controlled geysers
RFL now has eight different types of cooker hoods of different sizes.
The price ranges of cooker hoods are between Tk7,060 and Tk31,765.
Also read: Pran-RFL bags 5 national export trophies
Nagad holds 'Distributors Meet 2022'
Mobile financial services provider (MFS) Nagad recently organised "Distributors Meet 2022."
One hundred and sixty-four distributors, regional managers, and market directors of Nagad from across the country participated in the event at a Dhaka hotel.
Read Nagad holds a ‘Get-together’ with DMP's Detective Branch
At the day-long programme, distributors, regional managers, and market directors from various regions were recognised for their accomplishments based on goals or performances.
Tanvir A Mishuk, founder and managing director of Nagad, said: "Since its inception, Nagad has been the world's fastest-growing MFS, with over 6 crore valued customers and nearly Tk1,000 average daily transactions. This has only been made possible due to your collaboration and partnership."
Also read: Healthcare payments: Nagad offers discounts of up to Tk2,350
Banglalink to observe 'Ethics and Compliance Week 2022'
Telecom operator Banglalink will observe Ethics and Compliance Week 2022 starting Sunday to ensure a transparent atmosphere where everyone feels encouraged to grow while remaining ethical and compliant.
With the slogan "Ethics and Compliance Starts with Me," a series of educational and awareness-raising activities will be carried out for Banglalink employees, partners, and stakeholders as part of the five-day programme.
Also Read: James, Miles withdraw cases against Banglalink
During the week, Banglalink employees will attend workshops on ethics and compliance conducted by the organisation's senior leaders. There will be sessions to exchange views and renew commitments for ethical conduct.
Muniruzzaman Sheikh, chief ethics and compliance officer at Banglalink, said: "We have established our brand identity as a leading compliant and ethical organisation."
Read Banglalink's digital services marketplace AppLink launched
"We want to keep raising our standards, which is not possible without the active participation of our employees and stakeholders."
IBBL opens hajj booth at Ashkona
Islami Bank Bangladesh Limited (IBBL) has opened a hajj booth at Ashkona Hajj Camp in the capital.
Mohammed Monirul Moula, managing director and chief executive officer of the bank, inaugurated the booth Friday.
Read: Hajj cost goes up by Tk 59,000
The services that the booth is providing to the hajj pilgrims include the dollar and Saudi riyal endorsement, ATM, and information.
Md Omar Faruk Khan, additional managing director, Md Maksudur Rahman, senior executive vice-president, Md Mizanur Rahman Bhuiyan, executive vice-president, and Nazrul Islam, vice-president, of IBBL were present at the inauguration of the booth.
Read Bank officials can travel abroad for Hajj, treatment, foreign-funded workshop: BB
Edible oil prices likely to drop in Bangladesh in line with global market: Commerce Minister
Commerce Minister Tipu Munshi on Thursday said prices of edible oil may fall in Bangladesh in line with declining prices in the international market.
“We have seen that the prices of edible oil are declining in the international market and Indonesia has also withdrawn its ban on exporting edible oil. We will review the prices of oil within five to seven days and will fix new rate. It will take one and a half month time to come into effect,” he said.
Also read:Dealers, retailers betrayed me on edible oil price: Commerce Minister
The minister said these while speaking at a press briefing held at the conference room of the ministry.
The good news is that the price of palm oil has come down and the price of soybean oil has started to decline, he said.
Non-brand bakery products prices soar by 20 percent: BBBCMA
The prices of non-brand bakery products have been increased by 20 percent amid hike in prices of flour, oil, butter and other ingredients used for baking.
Mohammad Jalal Uddin, President of Bangladesh Bread, Biscuit and Confectionery Manufacturers Association (BBBCMA) told UNB that the increased prices of bakery products have become effective from Wednesday (June 1).
Also read:Fair Electronics gets National Productivity and Quality Excellence Award
As per the decision of BBBCMA, the new prices the bakery products made in manually-operated bakeries have been implemented across the country, he said.
“The prices of bakery products made by different brands with automatic machines have also increased. The bakeries operated manually were also demanding to increase the prices, “he added.
Bakery owners said that the prices of almost ingredients used in bakery products have shot up.
Apart from oil, prices of butter, flour, sugar, milk and eggs have gone up. The price hike of different ingredients used in bakery products forced many to shut their business, said Jalal Uddin.
The BBBCMA leader said the bakeries of big companies, which make products in auto and semi-auto machines are not members of the Association of Manually Operated Bakery Owners and tese companies have already increased the prices of their products.
Also read:Budget to propose special VAT reduction to boost small businesses
According to the BBBCMA, there were 5,000 manually-operated bakeries across the country before Covid-19 pandemic. Half of those were temporarily shut during the pandemic.
After improvement of the Covid situation, many returned to business but now more than 500 bakeries have been closed due to rising commodity prices, the BBBCMA leader claimed.
Russia-Ukraine war creates uncertainties: Kamal on upcoming national budget
Finance Minister AHM Mustafa Kamal has said he faces the pressure of external vulnerabilities in the economy in preparing the national budget for FY2022-23.
"...But only pressure is the uncertainties and external vulnerabilities due to the war (Russia-Ukraine)”, he told reporters while briefing about the outcomes of the Cabinet Committee on Government Purchase (CCGP) on Wednesday.
Also read: Govt mulls amnesty to bring back laundered money: Finance Minister
The National Budget for FY2022-23 is slated to be placed in Parliament on June 9.
He said that after the Covid-19 pandemic when the economy was trying to recover from the shock, the Russia-Ukraine war started which created huge vulnerabilities and uncertainties globally.
“Every country in the world has to face the challenges of the vulnerabilities and they are under pressure”, he said adding that these uncertainties and vulnerabilities will create opportunities as well.
“We don’t war anymore. We want the war to stop immediately”, he said.
Kamal said his main focus in the budget will be recovering the economy from the uncertainties and vulnerabilities. “We’ll try to bring dynamism in the economy”.
Responding to a question on the CPD’s observation that the country’s financial sector is led by a weak leadership, the finance minister said Bangladesh has been the best country in the world in economic management.
Also read: Finance minister directs regulators to boost investment in stock market
“The way we run the economy in a crisis situation, the administrative efficiency we showed, it’s best compared with the other countries”, he claimed.
He, however, refused to disclose the main thrusts of the national budget. “Just wait…You will see when the budget is placed in Parliament”.
He hinted that strengthening the social safety-net programme will get a special focus in the upcoming budget.
RMG worker Parvin gets Tk 20 lakh buying Walton fridge
A garment worker named 'Parvin Akhter' at Latifpur area of Kashimpur in Gazipur sadar was awarded Tk 20 lakh cashback on the purchase of Walton brand refrigerator under the prevailing customer benefits, offered by the company in its nationwide ongoing 'Digital Campaign Season-15'.
She purchased the fridge on installment facility with a down payment of Tk 4,550 only from the Walton Plaza Panishail branch.
Walton Hi-Tech Industries PLC's Deputy Managing Director Nazrul Islam Sarker and Plaza Trade's Chief Executive Officer (CEO) Mohammad Rayhan officially handed over a cheque to Parvin Akhter at a prgramme held at Walton Plaza Panshail branch in Gazipur on Monday, the company said in a statement on Tuesday.
Read Eid: Walton Digital Campaign Season 15 starts
The domestic brand initiated the digital campaign for providing the best and most swift after-sales services through online automation. Through the digital registration system, detailed information including the buyer's name, mobile number, and model number of product sold is being stored on Walton's server. As a result, customers get fast service from any Walton service center in the country even if they have lost the warranty card.
On the occasion of Eid-ul-Azha, Walton commenced Season-15 of its digital campaign with the offer of lucrative customer benefits. To encourage buyer's spontaneous participation in the Season-15, Walton is offering sure cashback up to Tk 20 lakh as well as crores of taka worth of free products for each buyer of its fridge, TV, AC, washing machine, microwave oven, blender, gas stove, rice cooker, and fan.
Also Read: Walton brings Arc CPU liquid coolers
Parvin Akhtar came from the Lalmia Sarkar Kandi village of Faridpur sadar. She has one son and a daughter.
Long-time ago, she got divorced from her husband. Now, she is working in a garment factory named 'Big Boss' in Gazipur and also struggling to make ends meet with her two children. However, purchasing a Walton refrigerator at the installment facility changed the fortunes of Parvin and her two children, added the release.
According to authorities, Walton fridge customers are getting 12 years compressor guaranty, along with a one-year replacement warranty, 5-year free after-sales services, swift after-sales services through a total of 77 service centers across the country, and also maximum 36 months easy installment facility.
Read EPB assures Walton of support to boost electronics, electrical products exports
Hong Kong trade delegation visits BEPZA
A delegation from Hong Kong Economic and Trade Office in Bangkok led by its Director Sheung-yuen Lee visited BEPZA Executive Office, Dhaka on Tuesday.
Ali Reza Mazid, Member (Investment Promotion) of BEPZA said Bangladesh is an emerging economy with huge opportunity to boost investment.
Also read: Belgian delegation meets BEPZA Executive Chairman
“BEPZA has been serving for over 40 years to facilitate investors in the EPZs. Investors from 38 countries including Hong Kong and China have already invested here,” he said.
He requested the delegation to work together for more Hong Kong investment in the EPZs.
In response, Sheung-yuen Lee said Bangladesh is the first South Asian country with an office from Hong Kong working to develop bilateral relationships.
Terming Bangladesh as one of the upcoming major economic players, he stressed on signing agreements like the Investment Promotion and Protection Agreement (IPPA) between Bangladesh and Hong Kong.
He said Hong Kong has IPPA with over 30 countries to boost economic and investment relationships.
Also read:Chinese Company to set up hair fashion accessories industry at BEPZA economic zone
Lee hoped such an agreement would be very effective for Bangladesh and Hong Kong to get closer through economic and investment ties.
Earlier, Executive Director (IP) Tanvir Hossain briefed the delegation about the overall activities, operating procedures, facilities, incentives etc. provided by BEPZA to the EPZs’ investors.