Business
Bangladesh Air Force (BAF) Recruitment Circular 2022: Job Circular for the Position of Officer Cadet
Bangladesh Air Force (BAF) officer cadet circular 2022 has been published on the official website www.joinbangladeshairforce.mil.bd. Manpower will be recruited as Air Force cadet officers in the 87th BAFA course. If you pass HSC from any group, you can also join Bangladesh air force as an officer. Other application qualifications are given in detail in this post. The process of application, recruitment exam date, exam center, and related matters are also discussed in detail. All information is taken from the 87 BAFA circular. So let’s explore then.
Recruitment Circular 2022 for the post of Officer Cadet in the Air Force
The Bangladesh Air Force (Biman Bahini) has always been committed to keeping the skies of Bangladesh free from enemies. This force protects the airspace of our mainland as well as provides air support to the Navy and Army. It is an honor to serve in the BD Air Force.
Good news for those candidates who are interested in serving in the Air Force! Biman Bahini officer cadet circular has been published. All male and female candidates can apply. Eligible candidates will be recruited for the 87th BAFA course.
Read: Made-in-Bangladesh locomotive parts in the offing to save money, create jobs
BAF OFFICER CADET JOB CIRCULAR AT A GLANCE
Org/Company: Bangladesh Air Force (BAF)
Post: Officer Cadet
Vacancies: Not specific
Job Type: Full time
Location: Anywhere in Bangladesh
Salary: BDT. 10,000/- (During training)
Application Fee: BDT. 1,000/-
Application: Online
Online Application Started: 18 February 2022
Application Last Date: 09 September 2022
Possible Joining Date: 01 January 2023
BAF Recruitment All Information Related to the Application
Let’s know all the information regarding the application. Information is taken from the newly published air force cadet officer job circular.
Read: Jobs in Bangladesh Air Force: The application time for the recruitment post of Officer Cadet in the 86th BAFA course of the Air Force has increased
Eligibility for Application
Nationality: Bangladeshi.
Marital Status: Unmarried.
Age Limit: 16 years 06 months to 22 years. The date of determination of age is 01 January 2023.
Educational Qualifications: SSC and HSC exam results are required for application.
GD(P) : Candidates have to get GPA 4.50 in both the exams from Science group. Must also get at least ‘A’ grade in Mathematics and Physics.
Logistics/ATC/ADWC/Engineering
All the candidates have to pass both the exams with a GPA of 4.50 except for the fourth subject from the science department. Also get at least ‘A’ grade in Mathematics, Physics and Chemistry.
You have to get 4.50 in both the exams from any group.
Physical Qualifications: The minimum physical qualifications for both male and female candidates are given below.
Height: 64 inches and 62 inches (Female)
GD(P) – 64 inches
Chest size: 32 inches under normal conditions
34 inches in extended condition and for Female, 28 inches under normal conditions 30 inches in extended condition
Weight: According to age and height
Eyesight: 6/6
Read: Biman Bangladesh Jobs Circular 2022: A total of 749 people will be appointed in 33 posts
Application Deadline
The last date of application is 09 September 2022.
Air Force Online Apply
The process of filling up the online BAF application form for the Officer Cadet post is given below.
https://joinairforce.baf.mil.bd/
Application Submission Procedure
Candidates must be present at the examination center by attaching the following certificates along with the application form filled online.
Attested photocopies of all educational qualification certificates, number sheets, and testimonials.
Certificate of citizenship.
Character certificate.
Certificate of marital status.
Permanent address certificate.
12 passport size attested photos taken recently.
Certificate of character by the head of the latest educational institution.
Attested photocopy of birth registration/NID card.
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BAF Recruitment Exam Date & Exam Center
The exam center is the same for candidates of all districts. The exam date and center address are given below.
Exam Center
Bangladesh Air Force and Information Selection Center,
Old Airport, Tejgaon, Dhaka-1215
Exam Date
22, 23, 28 February 2022
06, 08, 15 March 2022
03, 05, 10, 12, 19, 24, 26 April 2022
10, 11, 17, 18, 22, 24, 29, 31 May 2022
01, 05, 28 June 2022
03, 05, 17, 19, 24, 27 July 2022
01, 21, 28, 30 August 2022
& 04, 11 September 2022
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How to Transform Your Freelancing Career into a Scalable Business?
In this day and age, freelancing has become a popular option for many who are looking to earn money on the side. When it comes to freelancing, there's a lot of advice floating around out there. But, how many of these tips are true? Is it possible to turn your freelancing business into a scalable business? The short answer is YES! But that requires a little bit of work. Freelance can be an intense business as it does rely on how you manage your time effectively. If you are wondering how to turn freelancing into a scalable business, then keep reading.
Why is it necessary to transform your freelancing skill into a business?
Starting a freelancing business brings in a lot of benefits over your traditional job. It gives you the flexibility to work whenever and wherever you want. Freelance allows you the freedom to start your own business with very little initial capital required. And, if you are planning on making it into a scalable business, then having full control over your work is one of the biggest advantages that come with it as well.
By transforming your freelancing skills, you can maximize your income potential and diversify the skills you have to offer. You can also gain the benefits of running your own business, including tax advantages and control over the office space, schedule, and overhead costs. It will also give you the opportunity to take advantage of employee benefits such as health insurance and paid time off. Eventually, with the business, you can go for greater client satisfaction through continuity in service.
Read How to Become an Entrepreneur without Money or Skills?
How to turn your freelancing job into a scalable business?
The freelancing industry is a booming one, and that's not even an understatement. According to the latest statistics, it was estimated that there are around 1.1 billion freelance workers in the world. Most freelancers don't want to transform their skills into a business as they think they might have to go through some sort of hassle.
Although any business has hassle, you can transform your freelance work into a business, and you can hire other freelancers to work for you. Here are the ways to start a scalable business with your freelancing skills.
Market yourself well - Build up your own personal brand
When it comes to transitioning your work from a freelancer to a business owner, one of the most important things to think about is your own personal brand. In fact, when hiring people for your business, you should be looking for someone who is willing to build up their own personal brand too.
Read Making Investment Decisions: Factors to consider when investing money
The reason you should focus on building up your personal brand alongside your freelance work is that it will help you differentiate yourself from other freelancers.
Most new freelancers feel that their work is their brand and it is up to them to create value and make contacts, but this isn't the case. In order to create a personal brand, you must first learn how to build good relationships with other people.
The best way to do this is by being active on social media, writing a blog, and working on your online portfolio. You should be looking to get as much experience as possible so that you can showcase it in your portfolio. Try to show off your expertise and work on building your personal profile by making sure you are the one who is networking and meeting new contacts.
Read Entrepreneur Vs Wantrepreneur: 8 Ways to Tell Them Apart
By creating your own personal brand, you can use trustworthy clients who will work with your newly formed business.
Build up a marketing system and stick to it
One of the easiest things you can do as a freelancer is to stick to one marketing system. This allows you to build your client list, market yourself and start generating work. Eventually, you can drive clients to your business.
Just like basically anything else, if you want to get the most out of your marketing system, you need to be consistent and make sure that you are sticking with it.
Read Neuromarketing: How brands psychologically manipulate the consumers
A marketing system should consist of a minimum of three core components. It should include setting up social media accounts and spending time on them. You must also choose an email marketing platform. Lastly, there must be a proper use of an effective blog and a strong work email list.
Networking
One of the most important things you will ever do as a freelancer is to build your own network. This not only helps you get new clients, but it also helps you grow your business and provide value to existing clients.
When building up your network, the best way to do this is by going out of your way to meet new people and build up relationships. Social events are a great way to network. You can meet new people and introduce yourself to others who are at the event. You can also make valuable connections with people who work in your industry.
Read How to Choose the Right Business Idea?
Save up enough money
When building up your business with your freelancing skills, the biggest thing you need to do is save up enough money so that it is sustainable. This will allow you to expand with ease rather than having to worry about paying bills every month.
So, before freelancers get started on their business, they should build up a large enough savings account. This way, they can ensure that their business is sustainable in the long run. If you don't have saved up enough money, then you might not be able to scale.
Conclusion
Building your own business is one of the most common dreams that many people have. But it's important to note that it isn't easy, and there will be times when it doesn't work out. So, you will need to set up a proper system for managing your tasks. This will not only help you manage your time well but also keep your work organized. Setting up a task management system will also help you keep your business running.
Read How Does Inflation Affect Business, Professionals, Mass People in Bangladesh?
BB raises LC margin integrating foreign currencies
Bangladesh Bank (BB) has changed the LC margin and asked banks to preserve 50 to 75 percent LC margin for imports, suspending a directive issued on April 11 in this regard. Banking regulations and policy department (BRPD) of BB on Tuesday issued the new directive with effect immediately which will remain in force until further notice.
Also read: BB struggles with dollar demand as LCs worth $ 68.36 billion open in 9 months
Russia-Ukraine war and considering changing global situation the BB has changed the earlier LCs margin for better management of loans and integrated foreign currencies, said the directive. The central bank has fixed a margin for opening letter of credit (LC) at a minimum 75 percent for motor cars, home appliance electronics and electrical products.
Also read: BB enhances working capital loans limit for export-import trading Minimum 50 percent margin has been asked to be preserved to open LCs for importing all other goods and products excluding baby food, essential food items and fuel, life-saving medicines, local and export-oriented industries and agricultural related products.
Despite taka depreciating, banks selling dollars at Tk3-4 extra
In the space of 12 days, Bangladesh Bank has recently twice devalued the exchange rate of taka against the US dollar.
The central bank fixed an exchange rate of Tk86.7 against the dollar after devaluing the currency by Tk0.25 on Monday (May 9), which followed a devaluation of Tk0.25 on April 27.
Despite the devaluation the scheduled banks are selling US dollar at Tk 3-4 higher, while in the kerb market the dollar is selling at around Tk93.
The Chief Financial Officer (CFO) of several private banks confirmed to UNB that they are selling the dollar at Tk 89-90 as they are purchasing dollars at a higher rate than BB'S exchange rate from other private banks.
Bangladeshi taka depreciated by over 25 percent after the latest deprecation of taka, in the last 13 years. In February 2009, the exchange rate per US dollar was Tk69.
But how does it affect the masses, if at all?Talking with UNB, the CFO of a private bank said that a consumer has to pay Tk 125.66 now to buy goods or services from the global market which he could buy at Tk100 13 years ago.
It means the common people have to bear the brunt of local currency depreciation against the US dollar as Bangladesh is importing goods mostly by using dollars.
The exchange rate of US dollar against Bangladeshi taka has been fixed by the government since independence. The taka was declared convertible (exchangeable) for enhancing foreign trade on March 24, 1994. And in 2003 this exchange rate was made floating. From then on, the national currency is no longer devalued or revalued by declarations.
However, although the exchange rate was floating, it was not entirely market-based. The central bank has always had indirect control over it through its buying and selling of dollars, in what is called a ‘managed float’.
READ: Central bank devalues taka to boost exports, remittances
Earlier, the BB purchased $8 billion from different banks in the fiscal year of 2020-21 to maintain the exchange rate of taka, when import orders decreased severely for worsening pandemic.
The central bank, however, supplied $ 2.5 billion so far in the current fiscal year as the import demand increased by 50 percent after the pandemic situation.
Former adviser of caretaker government Dr. Mirza ABM Azizul Islam told UNB that import demand has increased in the post lockdown time as the industrial production shows a surge.
The price increase of LNG and petroleum products in the global market is also another cause to raise the dollar demand as Bangladesh uses USD to meet all kinds of import payment, he said.
The country’s forex reserves remain better till now, export income and inward remittance flow also good, so there is no reason to be worried about weakening taka at this stage, but a cautionary measure is to be taken for stabilizing the price of local commodity markets, Mirza Aziz said.
Former governor of BB Dr. Salehuddin Ahmed said that the exporters become happy if taka becomes weak, but it creates pressure to raise prices in the domestic market.
He said the central bank sometimes relaxed policy to increase dollar exchange rate so that the expatriates and exporters could send more forex income to the country.
Job opportunities in Australia: Work from Bangladesh to Australia
Bangladesh Overseas Employment and Services Limited (BOESEL) is offering Bangladeshi jobs in the ICT sector in Australia. Under the management of BOESEL and under the supervision of Australian company Sterning Group, Australia, IT specialists will be employed in the IT sector in various Australian companies to perform virtual work in Bangladesh as IT specialists.
This information has been given in a notification of Bangladesh Overseas Employment and Services Limited (BOESEL). A total of 60 people will be hired in four different positions in various IT companies in Australia, the statement said. Of these, 10 will be Pega Developers or Engineers, 10 will be PHP or Symphony Developers, 10 will be Sales force Developers and 10 will be Dot Net Developers. Initially, you have to work in these positions in Bangladesh. Job skills are satisfactory but there are also opportunities to go to Australia.
Also read: How to Get a Job in Google from Bangladesh?
You have to work 40 hours a week in all positions. To apply for the first three positions, one must have two years of work experience in the relevant field and be able to write and speak English fluently. And to apply for the position of .net developer, you need to have five years of work experience.
The annual salary of a Pega developer or engineer ranges from Tk 79,19,600 to Tk 1,3,56,400. Salary for PHP or Symphony developer from 6 lakh 92 thousand taka to 79 lakh 19 thousand 600 taka per annum.
The annual salary of Salesforce Developer is from 79 lakh 19 thousand 600 taka to 91 lakh 36 thousand Bangladeshi taka. The annual salary of dot net developer is from 8 lakh 1 thousand 200 taka to 69 lakh 19 thousand 600 taka in Bangladeshi taka.
Also read: AI & Future of Jobs: Will Artificial Intelligence or Robots Take Your Job?
This rate will be paid annually after the final appointment to the four positions and after moving to Australia.
However, while in Bangladesh, the salary will be paid in Bangladeshi TK. per hour and the salary will be determined subject to discussion during the interview. The final recruits will have to first stay in Bangladesh and work under the relevant Australian company. If the performance is satisfactory, you will get the opportunity to go to Australia and will get a job under that company.
Interested and eligible candidates can apply till May 16. Applications can be made through this link (https://docs.google.com/forms/d/e/1FAIpQLSfOdOZ0rFhdn9TfraIYH5wKPraG9K5dgIO3wU1yUNt-E2105Q/viewform) .
Read Bangladesh Air Force (BAF) Recruitment Circular 2022: Job Circular for the Position of Officer Cadet
High value public debt spent on nonproductive sector causes imbalance in economy: CPD
Though Bangladesh remains in a suitable position on public debt, it may be pushed to yellow rate after FY 25 as spending of high value foreign debt increases at the nonproductive sector, a CPD study says.
Both public and private sector debt from external sources have increased in recent past , which would create stress on forex reserves and widen the imbalance of trade, according to the study.
The Centre for Policy Dialogue (CPD), a think tank, presented the study in a programme titled ‘Deconstructing Public Debt of Bangladesh: Trends, Status and Outlook’ organized virtually on Monday.
Debapriya Bhattacharya, distinguished fellow of the CPD, presenting the overall scenario of Bangladesh’s debt said total national debt is increasing at a faster rate than Gross Domestic Product (GDP).
Also read: Sovereign debt set to edge upwards in coming years
He said the macro economy of the country will face pressure if the government does not take cautionary measures from now to spend debt money in the nonproductive sector.
If the current tendency of national debt continues, the economy will witness weakening of external balance, deteriorating current account and balance of payment, fall in external financial flows including export revenue, remittance income, FDI, income on assets overseas, he said.
As a result, the situation may arise as debt default, fall in economic growth, high inflation, foreign exchange reserve depletion, exchange rate depreciation, loss of economic competitiveness and lowering of credit rating, Debapriya observed.
Replying to a query he said, if the GDP ratio of Bangladesh is not matching with other indicators of economy and different economic indicators are interrelated, while one of it is rising, the changes also affect others indicators.
He urged the government to continue the quarterly budget review and debt situation review so that parliamentary standing committee members can discuss the matter for national interest.
Also read: Bangladesh’s foreign debt far below risk limit: Economic review tells PM
Bebapriya also urged the government entities to be more friendly and transparent in releasing economic data and easy access to it for the researchers.
Bangladesh’s total public debt (as % of GDP), 34.7 percent, was among the lowest in South Asia in FY20, with Sri Lanka (112.2%) and Bhutan (120.7%), being the highest, source: IMF.
The total outstanding debt amount in FY21 in Bangladesh was $131.14 billion, it increased by $16.45 billion on average for the past 3 years, which was about 2.5 percent of GDP.
In FY21 only, total public debt increased more than $18.64 billion (additional 2.2 percent of GDP) of which more than 54 percent was domestic debt.
The total debt as percentage of GDP decreased in Bangladesh between FY08 (38.8%) and FY17 (28.2%). It has since increased between FY18 (29.5%) and FY21 (36.9%). The linear decadal growth rates were 44.1% (FY02 to FY11) 66.6% (FY12 to FY21).
Per capita outstanding debt – $432 (FY21), the annual increase of outstanding debt (FY20 to FY21) – $9.62 billion and annual increase in DSL – (FY20 to FY21) – $ 0.7 billion.
Total outstanding external private debt amount in Bangladesh was $18.69 billion in FY21, the share of external private debt in total debt increased between FY03 (3.9%) and 2021 (14.5%)
IBBL holds Eid reunion
Islami Bank Bangladesh Limited (IBBL) organised an Eid reunion in the capital Sunday.
Mohammed Monirul Moula, managing director and chief executive officer of the bank, spoke the programme as chief guest.
IBBL Additional Managing Director Muhammad Qaisar Ali presided over the event; Additional Managing Director Md Omar Faruk Khan delivered the welcome speech.
Also read: IBBL ICT wing holds discussion, hosts iftar party
The bank's deputy managing directors JQM Habibullah, Md Altaf Hossain, and Md Nayer Azam; Chief Risk Officer Mohammad Ali, Chief Anti-Money Laundering Compliance Officer Taher Ahmed Chowdhury, and Islami Bank Training and Research Academy Principal SM Rabiul Hassan were also present at the programme.
IBBL is a joint venture public limited company engaged in commercial banking business based on Islamic shariah. It is listed on the Dhaka Stock Exchange and Chittagong Stock Exchange.
Cinema hall refinance scheme deadline extended to December
Bangladesh Bank (BB) has extended the loans disbursement schedule under a refinance scheme to support cinema hall owners.
The Banking Regulations and Policy Department (BRPD) of the central bank in a notification on Sunday extended the schedule to December 31, 2022, from the earlier deadline March 31, 2022.
In February 2021, the BB formed a refinance scheme of Tk1000 crore to support cinema hall owners’ for renovation, technology upgradation and modernization of halls to ensure time befitting atmosphere for audience.
Also read: Cinema hall owners to get Tk 1,000 cr low-interest loans
The BB later amended the notification and extended the limit of loan for an owner of cinema to Tk10 crore, which was Tk 5 crore earlier.
A 100-seat capacity cinema hall owner can avail maximum loan of Tk10 crore with 5 percent interest rate.
Also read: How Covid-19 brought the curtain down on Kushtia's cinema halls
The cinema halls in the divisional cities can avail the loans at 5 percent interest rate while other cities at 4.5 percent interest rate. The repayment period is eight years with 1-year grace period.
The BB has extended the loan deadline due to poor disbursement report for lack of publicity and complexity of different banks’ conditions.
ICMAB delegation meets CAG
A delegation of the Institute of Cost and Management Accountants of Bangladesh (ICMAB), headed by its President Md. Mamunur Rashid FCMA, called on Comptroller and Auditor General (CAG) of Bangladesh Mohammad Muslim Chowdhury at his office on Sunday.
The ICMAB President apprised the CAG of the role of cost and management accountants on the matters of public interest, financial management, accounting and auditing, said a press release.
Also read: ICMAB wants VAT system reform to make it business friendly
He also sought cooperation of the CAG for further development of the ICMAB and CMA profession.
The CAG of Bangladesh assured them of providing all out support and assistance to the ICMAB.
Among others, ICMAB Secretary AKM Kamruzzaman, past president Abu Sayed Md. Shaykhul Islam and Past SAFA and ICMAB president AKM Delwer Hussain were present on the occasion.
Also read: ICMAB delegate meets Commerce Secretary
TCB to start selling edible oil, other commodities from mid-May
The Trading Corporation of Bangladesh (TCB) will start open market sale (OMS) of some essential commodities including edible oil from mid of May in Dhaka and other divisional cities.
The ministry is working to re-fix the prices of essentials including edible as their prices have gone up on the global market, said an additional secretary to the Commerce Ministry.
Also read: Govt approves fresh hike in edible oil price effective Friday
Primarily the TCB will engage 400 trucks for OMS after fixing the prices of commodities, he said.
In the month of Ramadan, the TCB sold soybean oil at Tk110 per liter, but the price of soybean and other edible oil jumped bothon local and global markets, so it is needed to re-fix the prices of TCB’s edible oil and other commodities, the official said.
Commerce Minister Tipu Munshi will brief reports on edible oil supply and management issue at his secretariat office on Monday, senior information officer of the ministry Abdul Latif Bakshi told UNB on Sunday.
Also read: Around 23 million litre soybean oil arrives at Chittagong port amid growing demand
Besides, Tipu Munshi will talk formally with the traders, edible oil importers and refiners regarding the current situation of edible oil price and supply in the market.