Aditya Puri, popularly known as the (Amitabh) Bachchan of Banking in India, is hanging up his boots after being at the helm of the country's largest private sector bank for a good 25 years.
The Chattogram South Zone of Islami Bank Bangladesh Limited (IBBL) organised a webinar on ‘Compliance of Sharia in Banking Sector’ on Saturday.
Mohammed Nasir Uddin FCMA, Director of the bank addressed the programme as the chief guest where Md Mahbub ul Alam, Managing Director and CEO of the bank was special guest.
Professor Dr Mohammad Gias Uddin Talukder, Chairman of IBBL Sharia Supervisory Committee addressed the webinar as the chief discussant.
Dr Md Ruhul Amin Rabbani, member of IBBL Sharia Supervisory Committee also discussed in the webinar.
Mohammad Yakub Ali, Head of Chattogram South Zone presided over the programme where Md Shamsuddoha, Executive Vice President was present.
Chairman of South Korea's technological giant Samsung Electronics, Lee Kun-hee, who transformed Samsung into a world-leading innovator and industrial powerhouse from a local business, died. He was 78.
Lee died in Seoul on Sunday, according to a statement released by Samsung, reports Xinhua.
It said Lee's family, including his son Lee Jae-yong, who is Samsung's vice chairman, were by his side when he passed away.
"Our deepest sympathies are with his family, relatives and those nearest. His legacy will be everlasting," said the statement.
Lee had suffered a heart attack and had been hospitalized and bedridden since 2014, when Lee Jae-yong began to take the helm and become the de facto leader of the multinational gaint.
Lee, the son of Samsung Group's founder Lee Byung-chul, was born in Uiryeong County in South Gyeongsang Province of South Korea on Jan. 9, 1942.
He graduated from Japan's Waseda University in 1965 and finished his MBA program at George Washington University in the United States in 1966.
Lee has successfully transformed Samsung into a global electronics Titan and one of the world's largest producers of smartphones, televisions and memory chips.
IFC is helping to preserve thousands of jobs in Bangladesh through an investment in Prime Bank Limited to support small and medium enterprises (SMEs) and companies affected by the COVID-19 pandemic.
A $35 million loan from IFC to the private commercial bank will provide critical working capital to help small businesses continue operations, according to a press release.
SMEs comprise over 90 percent of businesses in Bangladesh and employ over 20 percent of the adult population.
The financing package is part of IFC’s $8 billion global COVID-19 fast-track financing facility, aimed at helping companies stay afloat during the pandemic.
It comes under the Working Capital Solutions (WCS) programme of the COVID-19 response envelope, which provides $2 billion globally to emerging-market banks, enabling them to support struggling firms.
The International Development Association’s Private Sector Window (IDA PSW) Blended Finance Facility is also supporting IFC’s WCS programme with a first-loss guarantee of up to $215 million in eligible countries, including Bangladesh.
“This new investment from IFC will allow us to extend critical working capital, trade finance and forex liquidity to affected businesses,” said Rahel Ahmed, Managing Director and CEO of Prime Bank.
“This fresh fund injection will enable us to lend a helping hand, particularly to export and import-based SMEs and other corporate clients, and thousands of suppliers and employees who depend on these businesses.”
Prime Bank has been an IFC client since 2014. It is one of the leading private-sector commercial banks in Bangladesh.
“This is an unprecedented crisis that the world is facing and we need all hands on deck to navigate the public health crisis and the resulting economic challenges,” said Rosy Khanna, IFC Regional Industry Director, Financial Institutions Group – Asia and Pacific.
“Small and medium enterprises are key not just in terms of overall contribution to GDP but also in terms of job creation—and the impact of the pandemic on them has to be addressed.”
Habib Bishwas, a rickshaw puller in Narayanganj, has received cash voucher worth of 500 percent of the price of his purchased Walton fridge.
Walton’s ‘Digital Campaign Season-8’ was commenced across the country with the declaration of some customers’ benefits on October 1, said a press release on Thursday.
As per the company’s declared benefits in the Season-8, a customer will get either sure cash vouchers up to maximum 500 percent of the respective product’s price or free products like fridge, television, air conditioner and various sorts of home appliances after the purchase of a Walton brand fridge, washing machine or microwave oven from any outlets across the country.
After purchasing a refrigerator at Tk 19,500 from Walton Plaza Bandar branch in Narayaganj in this month, Habib Biswash was awarded the cash vouchers worth 500 percent of the product’s regular price.
The 500% cash voucher was officially handed over to Habib at the Walton Plaza Bandar branch on Tuesday.
With the awarded cash vouchers, Habib has further purchased a Walton LED TV, laptop, blender, stabilizer, water purifier, rechargeable fan as well as 4 smart phones.
Aimed to deliver swift after sales services through online automation, Bangladeshi multi-national electronics brand Walton is conducting its Digital Campaign across the country.
Walton is now manufacturing and marketing more than 100 models of frost and non-frost refrigerator, freezers and beverage coolers, Among these fridge, there are included energy efficient inverter technology’s side by side door non-frost, BSTI 'Five Star' energy rating certified as well as lucrative designed glass door refrigerators.
These refrigerators of Walton run smoothly without the voltage stabilizers. Customers can buy a Walton fridge between Tk 10,990 and Tk 80,900.
Walton is giving one-year replacement guaranty as well as 12 years compressor’s guaranty.