Local-Business
bKash organizes workshop on prevention of MFS abuse in Chattogram
bKash has recently organized a workshop for the law enforcement officers of Chattogram to create awareness on prevention of abuses in Mobile Financial Services (MFS).
bKash, with the co-operation of Cartogram Metropolitan Police (CMP) organized the workshop which was attended by 250 investigation officers of CMP and bKash officers at Dampara Police Lines in the city. Saleh Mohammad Tanvir, Commissioner, Chattogram Metropolitan Police was present as the Chief Guest at the workshop. A.K.M. Monirul Karim, EVP and Head of External Affairs of bKash was also present at the event.
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bKash conducted the workshop in Chattogram as part of its nationwide awareness campaign to ensure proper usage of MFS, prevent criminal activities in financial sector and minimize the overall abuse in MFS industry.
The workshop discussed on the types of crimes committed abusing MFS, the importance of information exchange related to investigation to apprehend criminals and various steps taken by bKash to prevent the abuse of the MFS platform. The workshop also emphasized on maintaining full compliance through creating awareness to prevent financial crimes.
Read IDLC introduces Bangladesh's 1st MFS-based digital savings programme
HSBC introduces cash flow forecasting service
HSBC Bangladesh recently introduced the "HSBC Cash Flow Forecasting" tool, a fully integrated forecasting solution that allows businesses to generate a more accurate view of their future finances and liquidity positions.
HSBC Cash Flow Forecasting is accessed via the bank's digital banking platform "HSBCnet," providing clients with a single point of access for all their cash management needs.
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The tool automatically loads data from a client's account and can also work cohesively with the client's own systems.
This allows details of pending invoices or future-dated events to be added automatically, reducing manual intervention and significantly cutting the time taken to prepare a forecast.
Read: Bangladesh holds hidden gems for investors: HSBC
Also, the tool reduces engagement of resources in manual spreadsheet administration, which is generally involved in cash flow forecasting to allow businesses to focus on higher-value generating activities.
HSBC's Cash Flow Forecasting tool produces "sophisticated cash forecasts" covering a three-year horizon, said a media release Sunday. The modelling and scenario testing capability allow clients to create customised forecasts with ease.
Read: BGMEA-HSBC teaming up to 'Export Culture of Bangladesh'
Detailed variance analysis will highlight differences between forecasts and actual performances – meaning clients can spot cash surpluses or deficits and further refine the accuracy of their forecasts.
"In an ever-changing dynamic market environment, it is more important than ever for treasurers to have accurate and timely forecasts of their liquidity positions, not just in the short term, but as far forward as possible. Our Cash Flow Forecasting tool can provide treasurers with the functionality they need to do just that," said Kevin Green, country head of wholesale banking at HSBC Bangladesh.
Read HSBC named Bangladesh's best international retail bank
IBBL Jashore holds Shariah compliance webinar
Islami Bank Bangladesh Limited (IBBL) Jashore Zone organised the webinar "Compliance of Shari'ah in Banking Operations" Saturday.
Dr Qazi Shahidul Alam, director of the bank, addressed the webinar as chief guest and Muhammad Qaisar Ali, additional managing director, as special guest.
Dr Mohammad Abdus Samad, member secretary of IBBL Shari'ah Supervisory Committee, addressed the webinar as chief discussant.
Md Maksudur Rahman, head of Jashore Zone, presided over the programme, according to a press release.
Islami Bank Dhaka North holds Shariah compliance webinar
Islami Bank Bangladesh Limited (IBBL) Dhaka North Zone organised the webinar "Compliance of Shari'ah in Banking Operations" Saturday.
Professor Md Kamal Uddin, director of the bank, addressed the webinar as chief guest and Mohammed Monirul Moula, managing director and CEO, as special guest.
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Professor Dr Mohammad Gias Uddin Talukder, chairman of Shari'ah Supervisory Committee of the bank, addressed the webinar as chief discussant.
Md Mizanur Rahman, head of Dhaka North Zone, presided over the programme, according to a press release.
TV export to Europe: Walton registers record order
Bangladeshi electronics giant Walton has registered a record TV export order in a day from Europe.
On September 1, the Walton TV department received export orders of $2.44 million from its business partners in Germany, Greece, Croatia, Romania and Poland.
To celebrate the achievement, Walton TV arranged a programme in the capital Thursday.
Read Walton brings new Karonda series laptop
"We started TV export to Europe in 2019. In the last two years, the export of Walton TV to the European market was about $3 million. But this year, Walton received export orders of $2.44 million in a day," Walton TV Chief Business Officer Engineer Mostafa Nahid Hossain said.
"Walton's TV's standard, picture quality, price, design and advanced features have helped the company rapidly grow its European footprint – with presence in countries like Germany, Austria, Denmark, Slovakia, Spain, Greece, Ireland, Poland, Croatia, Italy and Romania," Walton Business Head in Europe Engineer Tawseef Al Mahmood said.
Read Walton TV gets good response in Romania
"The company exceeded its total TV exports to Europe in 2020 in the first five months of this year (January to May)," he added.
IDLC introduces Bangladesh's 1st MFS-based digital savings programme
IDLC Finance has introduced the country's first "Digital Savings Scheme" through which people can enjoy the term-deposit services of the nonbank financial institution through their bKash accounts.
M Jamal Uddin, MD and CEO of IDLC Finance, Kamal Quadir, CEO of bKash, and other senior officials of both the organisations were present at the launching event in the capital.
"This collaboration between IDLC Finance and bKash to connect customers with traditional financial services through mobile financial services (MFS) will serve as an example for the industry. The access to services like monthly savings schemes will also contribute to the improvement of people's living standards and economic development," Jamal said.
Read Easy Build customers to get loan from IDLC
"To further encourage the savings trend, IDLC's savings service has been brought to the doorsteps of marginalised people to enhance their efficiency and independence in financial management," Kamal said.
bKash customers can now open monthly savings anytime from anywhere, following a few simple steps.
Users can deposit savings instalments from the bKash app on the scheduled date of each month, and after the savings scheme is matured, customers will receive the money, including profits in their bKash account.
Read 'MFS shown to ensure transparency in govt's welfare distribution'
Under this service, bKash customers will now be able to avail of the savings schemes of IDLC in monthly instalments of Tk500, Tk1,000, Tk2,000 and Tk3,000, starting from a minimum period of two years to a maximum of four years.
The savings instalments will be automatically transferred from the bKash account to IDLC on a specific date of each month. The customer will be notified before each due date to keep a sufficient balance in the account.
Customers will be able to see all the important information "Live" from the bKash app, including total savings amount, savings period, and profits. When the savings period expires or matures, the entire money, including profits, will be transferred to the customer's bKash account. If the customer wants to withdraw money at an early stage of the savings period, they can do so through the bKash app.
Read Regulator shouldn't allow monopoly in MFS: Mustafa Jabbar
Terms and conditions and profits of the savings will be followed according to the Bangladesh Bank guidelines.
Only bKash customers who are now registered through e-KYC can use this savings service of IDLC. Gradually all customers will be brought under this service, said a press release Thursday.
IBBL Chattogram South holds Shariah compliance webinar
Islami Bank Bangladesh Limited (IBBL) Chattogram South Zone organised the webinar "Compliance of Shari'ah in Banking Operations" recently.
Mohammad Solaiman, chairman of the audit committee of the bank, addressed the webinar as chief guest and Mohammed Monirul Moula, managing director and CEO, as special guest.
Dr Mohammad Monzur-E-Elahi, a member of IBBL Shari'ah Supervisory Committee, addressed the webinar as chief discussant.
Mohammad Yakub Ali, head of Chattogram South Zone, presided over the programme, according to a press release.
IBBL, US-Bangla sign MoU
Islami Bank Bangladesh Limited (IBBL) and US-Bangla Airlines signed a memorandum of understanding (MoU) on corporate facilities Tuesday.
JQM Habibullah, deputy managing director of the bank, and Md Shafiqul Islam, general manager (sales and marketing) of US-Bangla, signed the agreement.
Mohammed Monirul Moula, managing director and CEO of IBBL, and Abdullah Al Mamun, managing director of US-Bangla, were present at that time.
Under this agreement, Islami Bank's Debit and Khidmah Credit cardholders will enjoy special discounts on air tickets round the year. They will also enjoy three-six months' EMI and POS services from US-Bangla.
Special discount facilities on air tickets for IBBL officials and their family members will continue, according to a press release.
Daraz's 7th anniversary special campaign launched
To celebrate seven years of operation in Bangladesh, online marketplace Daraz Bangladesh Thursday launched its "7th Anniversary Campaign."
The e-commerce platform will run the campaign up to September 8, offering deals and vouchers as a gesture of saying thank you to all of its customers, patrons, and well-wishers.
Mystery box, shake shake voucher, mega deals, with up to Tk10,000 discount, prepayment discount, I love voucher, and flash sale are part of this campaign.
The campaign has been co-sponsored by Apex, Dabur Herbal, Dettol, realme, Studio-X, and Savlon.
The brand partners of the campaign are Bruno Moretti, Dekko, Fabrilife, Focallure, Lafz, Logitech, Noah, Puma, Ribana, Rongon Herbal, TPlink, Motion View, Trendz, Emami, and Parachute Naturale Shampoo.
Read: Daraz ropes in Hasinul as chief corporate affairs officer
The global brand partners of this campaign are CKEYIN, UGREEN, Xiaomi, SKMEI Store, and Wiresto.
The event partners are Binge, Ghoori Learning, Hansa Hotel, Cream & Fudge, Amari Hotel, Sky City Hotel, Burger King, 138 East, Digital Healthcare Solutions, and Dhaka Metro.
The payment partners are bKash, Brac Bank, City Bank, Islami Bank Bangladesh, PBL, Shahjalal Islami Bank, and Southeast Bank.
During the campaign, consumers paying with bKash can enjoy 15% instant cashback (maximum Tk200).
Meanwhile, PBL, City Bank, Shahjalal Islami Bank, Southeast Bank, Brac Bank and Islami Bank Bangladesh customers can avail of a 10% discount (maximum Tk1,500 per transaction twice), according to a press release.
Mr. Noodles brings Korean super spicy noodles
Mr. Noodles has launched new flavoured noodles named "Mr. Noodles Korean Super Spicy."
Pran Managing Director Eleash Mridha launched the product for the local market Saturday through a programme held in the capital.
Mr Noodles Korean Super Spicy has a good combination of chilly and taste of masala; Korean masala and red chilly have been used in the product, according to a media statement.
"We always consider consumer demand and launch new products," Eleash said.
"The maximum retail price of the Korean Super Spicy noodles has been fixed at Tk20 for each 62gm pack. The price of four-piece and eight-piece packs are Tk75 and Tk140. The product will be available at shops and superstores, including Daily Shopping and e-commerce site Othoba.com," AKM Moinul Islam Moin, executive director of Mr. Noodles, said.