Indonesian lubricant brand Pertamina launched its business in Bangladesh.
State Minister for Power and Energy Nasrul Hamid formally inaugurated the business in a function at Sonargaon Hotel in the city.
Currently many companies are getting interested to expand their business in the country, said the State Minister.
Hamid said that the Indonesian lube company will be able to do business successfully as many private companies are also coming up to invest in the industrial sector.
The function was also addressed by Indonesian Ambassador in Bangladesh Rina P Soemarno, power secretary Sultan Ahmed and director of Pertamina Lubricant’s director Adrenia Lusa.
The Pertamina officials said they have business in 20 countries across the globe.
Islami Bank Bangladesh Limited on Wednesday inaugurated Wari sub branch at Folding street of Wari in the Capital.
Md. Mahbub ul Alam, managing director & CEO of the bank inaugurated the sub branch as chief guest, said a press release.
Abu Reza Md. Yeahia, deputy managing director of the bank addressed the function as special guest.
Presided over by Md. Altaf Hossain, senior executive vice president & head of Dhaka Central Zone, the program was addressed by Md. Matiur Rahman, head of Motijheel Branch and Md. Fazlur Rahman, first assistant vice president of the bank.
US-Bangla Airlines, one of the country’s leading private airlines, on Wednesday added another 72-seater brand new ATR 72-600 aircraft raising its fleet number to thirteen, highest for a private airline in the country.
The aircraft which came straight from the factory in France landed at Hazrat Shahjalal International Airport around 4:40 pm. The airline has planned to increase number of flights and new routes in domestic sector with the new aircraft.
Adviser of US-Bangla Airlines, Capt Sikder Mezbahuddin Ahmed along with high officials were present at the airport to receive the new plane. Capt. Ahmed told at the aircraft receiving program, “We promised safe and comfortable journey to all our valued customers. We take pride to be the best service provider with highest level of safety. We will continue to develop as the best airline of this country and in this region”,said in a press release.
The airline started its journey on July 17, 2014 with two 76-seater Dash8-Q400 aircraft and with the maiden flight to Jashore. Within less than two years it went international with the introduction of flight to Kathmandu. The airline’s fleet at present consists of thirteen aircraft: 4 (four) Boeing 737-800, 6 (six) Brand New ATR72-600 and 3 (three) Dash8-Q400.
Currently, in domestic routes, the airline operates daily flights to Chattogram, Cox’s Bazar, Jashore, Saidpur, Sylhet, Rajshahi and Barishal from Dhaka. In international routes, the airline operates flight to Kolkata, Chennai, Singapore, Kuala Lumpur, Bangkok, Guangzhou, Muscat and Doha.
On the other part Capt. Ahmed said, “We are the biggest private airline in the country but it does not make us proud. What we are proud of is, we kept our promise to our valued customer by providing safe and comfortable flights with brand new aircrafts along with most modern aircraft and the best technologies available in the world”.
With the slogan of ‘Fly Fast-Fly Safe’, US-Bangla airlines started its journey and acquired recognition for timely flight operation, international standard cabin service, quality catering service, comfortable seat and proper passengers’ service.
The airline is planning to add four more brand new ATR 72-600 aircraft to its fleet by June 2020.
Popular furniture Brand Regal has come up with variations of furniture with new designs at Dhaka International Trade Fair (DITF). The furniture brand is showcasing more than 100 furniture with aesthetic designs. Moreover, customers will get huge discount and attractive offer on purchasing Regal products.
Visitors will be able to find out the Regal Pavilion (No-02) turning on the right side after entering the fair through the main gate. The premier pavilion has been adorned with various types of bed, wardrobe, dressing table, sofa, sofa cum bed, divan, dining table, bookshelf and exclusive reading table. The furniture is made of wood, board and metal, said a press release.
Debashish Sarkar, Head of Marketing of Regal Furniture said, “Furniture is the center of interest of the customers at Dhaka International Trade Fair. For this reason, we have brought variations in design considering the demand of the customers. Of the products, we are exhibiting 50 new products on the occasion of the fair including bed, dinning set, divan and almirah.”
He also said that the customers are enjoying 10-20 percent discount on purchasing products from the Regal Pavilion. Moreover, additional five percent discount is available for GP Star subscribers. The customers will get one year service warranty and free home delivery service across the country.
Customers will enjoy the discount at all showrooms of Regal Emporium and Regal Exclusive across the country. At present, Regal Emporium has 107 outlets while there are 230 Regal Exclusive across the country.
Customers will get opportunity to visit Thailand, Malaysia, India (Agra) and Cox’s Bazar after purchasing products of Regal Furniture and Vision Electronics from its premier pavilion (No: 02).
Five lucky winners will be selected through lottery who will get couple air tickets to Malaysia, India (Agra), Thailand and Cox’s Bazar respectively. Moreover, every week one customer will be selected through lottery who will get Dhaka-Thailand -Dhaka couple air ticket. Besides, there is a scope to win Dhaka-Thailand-Dhaka air ticket by only visiting the premier pavilion.
President of Dhaka Chamber of Commerce and Industry (DCCI) Shams Mahmud on Monday urged the government to bring the SME sector under the single-digit lending facility for the sake of speedy industrialisation and investment.
He made the call while addressing a press conference on the current economic status of the country and to share DCCI’s Annual Plan of Action for the year of 2020 at its office in the capital.
In the first week of this month, Prime Minister Sheikh Hasina asked banks to implement the single-digit interest rate from April.
In December, a board meeting of Bangladesh Bank decided to cap the interest rate on industrial loans in a move that would be a boon for manufacturers as their cost of funds will reduce to single digit.
Shams Mahmud discussed many economic issues, including export diversification, skills development, economic diplomacy, capital market, energy security, 4IR, VAT, Tax, FDI, doing business, research, innovation, infrastructure, SME and SDGs.
He said lack of market information, standardised quality products, access to finance, technical knowhow and SME-friendly infrastructure like design centre are main challenges for the SME sector. “The contribution of the SME sector to the GDP is hovering around 23-25 percent,” he said.
The DCCI chief underscored the need for policy advocacy for the single-digit interest rate for SMEs, flexible collateral requirement and other requirements to access to the loans.
Mentioning that presently VAT rebate is allowed for 15 percent VAT quota, he demanded VAT rebate facility for other slabs like 5 percent, 7 percent, 7.5 percent and 10 percent VAT quota, saying this will boost SMEs.
Bangladesh needs $928.48 billion till 2030 to implement Sustainable Development Goals (SDGs), Shams Mahmud said, adding that of the amount, $486.33 billion needs to be financed by the private sector.
He underlined the need for reskilling and upskilling of human resources in line with the 4th Industrial Revolution (4IR) demand and providing policy support for reshaping business ecosystem.
“RMG is our only largest export earning sector, but we need to develop other sectors as well to back up the RMG,” the DCCI president said, calling for bonded warehouse facility, back-to-back LC to leather products, tax rebate and new technology adoption to promote the other sectors.
Bangladesh is in critical crossroads in terms of worldwide political and economic situation, he said, suggesting that willful defaulters be figured out to control the non-performing loans. “But if someone fails to repay his loan due to delayed power or energy connections, he should not be considered as willful defaulters.”