Business
IBBL Head Office Complex branch holds discussion, hosts iftar party
Head office Complex Corporate branch of Islami Bank Bangladesh Limited (IBBL) Tuesday organised a discussion on the holy month of Ramadan, and hosted an iftar party in the capital.
Mohammed Monirul Moula, managing director and chief executive officer of the bank, addressed the programme as chief guest.
Lawmaker Tahjib Alam Siddique also spoke the programme.
Mohammad Muhibbullahil Baqee, a member of the shariah supervisory committee of the bank, was the main discussant at the event.
IBBL Deputy Managing Director Taher Ahmed Chowdhury; senior executive vice-presidents Md Mahboob Alam, Md Maksudur Rahman, and Executive Vice-President Muhammad Kamaluddin also attended the programme.
Md Mahbub-a-Alam, executive vice-president and head of the branch, presided over the event.
Japanese yen plunges to near 20-year low against U.S. dollar
The Japanese yen tumbled to a near 20-year low against the U.S. dollar on Wednesday, traders said, leading the government here to voice its concerns over such volatility in currency markets.
During Tokyo trading, the Japanese currency plunged to the lower 126 yen mark against the dollar, logging its weakest level since May 2002.
Read: 63 percent of Americans rate U.S. economy as bad: poll
The yen was moving mainly in the lower and mid-125 yen zone earlier in the day, they said.
Japan's top government spokesperson Chief Cabinet Secretary Hirokazu Matsuno told a press conference that such "rapid currency movements are undesirable."
Matsuno added that "Japan will monitor currency market developments, including the yen's recent depreciation, and their impact on the economy with vigilance."
Read: World Bank says war shocks to drag on Asian economies
The Japanese currency sank as rising U.S. Treasury yields are pushing investors to piling into the U.S. dollar, exacerbating concerns about a widening monetary policy gap between the Bank of Japan and the U.S. Federal Reserve.
IBBL relocates its Rampura Branch
Rampura Branch of Islami Bank Bangladesh Limited (IBBL) has been shifted to MG Tower, 389/B, DIT Road, Dhaka.
A re-opening ceremony and Iftar mahfil was held recently said a press release issued on Tuesday.
Mohammed Monirul Moula, Managing Director and CEO of the Bank inaugurated the relocated branch as chief guest.
Also read: IBBL Khulna holds agent banking conference
Md Enamul Karim, Deputy Registrar of the National University presented a discussion on "Mahe Ramadan for Universal Welfare".
Presided over by Muhammad Sayeed Ullah, Head of Dhaka North Zone of the Bank, Mohammad Jamal Uddin Mazumder & Mizanur Rahman, Senior Executive Vice Presidents were present on the occasion.
Md Didar Hossain, Head of Rampura Branch addressed the welcome speech.
Also read: IBBL Jashore holds business development conference
Abdul Kader Sarder, Head of Paltan branch, officials of Rampura branch, client and local dignitaries were present on the occasion.
Budget needs realistic expenditure plan for pandemic recovery: CPD
The Centre for Policy Dialogue (CPD) has urged the government to prepare a realistic budget with a clear implementation pathway for the upcoming fiscal year 2022-23.
The CPD, a think tank and research organization, also gave some recommendations for the budget focusing on the country’s graduation to a developing economy by 2026, budget implementation structure strengthening and budget allocation based on risk factors and their recovery plan.
Also read:Food prices much higher in Bangladesh than global markets: CPD study
The CPD disclosed its budget recommendation at a press conference, held at CPD’s office in Dhanmondi on Tuesday.
Dr. Fahmida Khatun, CPD’s Executive Director, read out the budget proposals, while professor Mustafizur Rahman, distinguish fellow of CPD, Khondaker Golam Moazzem, research director and Towfiqul Islam Khan, senior research fellow, replied to queries from reporters about the recommendations.
The CPD stressed on reforming the overall tax-revenue sector both in technological advancement and institutional capability and set a unified tax system along with justifying tax exemption facilities.
After graduation, Bangladesh will face a challenge on imposing import duty, which is needed to adjust in the revenue earning plan in line with the post-LDC situation.
The CPD urged more transparency, institutional accountability in public expenditure along with in general accessibility in the data of public expenditure to ensure good governance.
Export incentive sector needs to reform with a unified system so that the real eligible sector can only get the incentives.
The CPD urged to increase budget expenditure in education, agriculture sector, children and women health development to build a healthy and developed nation by 2030.
The budget recommendations have also focused on increasing allocation for social safety nets in phases for pandemic recovery and global impact of food price hike.
The recommendations said that the marginal people are very much suffering due to the pandemic, while food inflation pushing price hike makes their life miserable further.
Also read: Budget implementation failure lack of available data: CPD
The fixed income group and marginal people would face nutrition problems if the food becomes costlier as their income was affected by the pandemic and it is not resilient so far. The budget needs to set incentives for marginal people in different shapes like subsidies in food prices.
The think tank proposed a stable exchange rate of Bangladesh Taka with US dollar as it impacted both the price hike of commodities in the domestic market and increased the price of industrial production cost.
Appreciating the government strategy of pandemic recovery, CPD said the government policy is right but implementation is complex and sometimes delay the process of distribution.
PWD Job Circular: Large Recruitment for the Department of Public Works, Vacancy 449
The Department of Public Works has officially published the recruitment circular to fill the vacancies created. This job circular has been published on the official website www.pwd.gov.bd. Minimum educational qualification for applying in PWD is SSC / equivalent pass. The recruitment circular mentions direct recruitment of manpower for 449 vacant posts of 07 (seven) category of 3rd class. Interested candidates can apply online till 31st May 2022. Let's know more details of job Circular 2022 of PWD.
PWD Recruitment Circular 2022
Name of the Organization: Public Works Department (PWD)
Type of Job: Government Job
Vacancy: 449 people.
Job Nature: Full Time
Age limitation: 18-30 (general)
Qualification: Minimum SSC / equivalent pass.
Gender: Both Male and Female can apply
Job Location: Bangladesh.
Application Fee: TK. 104 / -
Salary Range: Maximum Tk. 24,680 / -.
Official Website: www.pwd.gov.bd.
Application Process: Online, Website http://recruitment.pwd.gov.bd
Application Deadline: From 18/04/2022 to 31/05/2022.
See the qualifications and other information along with the detailed post names of the Public Works Department (PWD) Recruitment Circular 2022.
Read: Job Circular at BIWTA: Large Recruitment for Bangladesh Inland Shipping Authority, Vacancy 363
Public Works Department (PWD) Job Circular 2022 details information is given below:
The Department of Public Works (PWD) of the Ministry of Housing and Public Works is inviting online applications from the permanent residents of Bangladesh only to fill up the vacancies in the 3rd class in grades 14 to 16.
1. Position Name: Steno typist cum Computer Operator
Number of posts: 24
Salary: TK. 10,200-24,680
Grade: 14
Eligibility: Bachelor's / equivalent degree. The speed of shorthand in Bengali and English is 45 and 60 words per minute respectively. Computer typing speed 25 and 30 words per minute in Bengali and English respectively.
2. Position Name: Surveyor
Number of posts: 14
Salary: TK. 10200-24680
Grade: 14
Eligibility: Diploma holder in survey.
3. Position Name: Designer
Number of posts: 108
Salary: TK. 9600-23490
Grade: 15
Eligibility: Passed secondary examination with drafting certificate.
4. Position Name: Working Assistant
Number of posts: 23
Salary: TK. 9300-22490
Grade: 16
Qualification: Higher Secondary / equivalent degree.
5. Position Name: Office Assistant Work-Computer Typist
Number of posts: 180
Salary: TK. 9300-22490
Grade: 16
Qualification: Higher Secondary / equivalent degree. Computer typing speed 25 and 30 words per minute in Bengali and English respectively.
Read: Bangladesh Railway Job: Bangladesh Railway will hire 153 people
6. Position Name: Accounting Assistant
Number of posts: 101
Salary: TK. 9300-22490
Grade: 16
Eligibility: Secondary / Higher Secondary / equivalent degree.
7. Position Name: Tracer
Number of posts: 1
Salary: TK. 9300-22490
Grade: 16
Eligibility: Secondary / equivalent degree.
NB: The age of the applicant should be 18-30 years on 17/04/2022, but the children of freedom fighters or the physically challenged can apply up to 32 years.
How to Apply PWD Circular
Gonopurto Odhidoptor Niyog Biggopti . Application in Department of Public Works (PWD) Recruitment Circular 2022 has to be completed in 2 steps. In order to apply, first you have to fill the online form and collect the application form. In the 2nd step, you have to deposit TK. 224 / - through the online application fee through the payment gateway using the application code mentioned in the application form.
Let's see (rpcl.gov.bd) application process
1st step: Online Apply
2nd Step: Payment of Application Fees.
Read How to ace a Job Interview?
Online Application Procedure (PWD Job Online Apply)
· First enter the website http://recruitment.pwd.gov.bd.
· Then you have to select the terms and fill the form correctly.
· No inaccurate or misleading information can be provided in the form.
· At one stage of filling up the Parthi form in the online application form, you have to upload the photo and signature of the correct size, see the size below.
· Image 300 × 300 pixels, maximum 100kb and JPG format.
· Signature 300 × 80 pixels, maximum 60kb and JPG format.
· A copy of the certificate of education, experience, skills etc. of the applicant should be uploaded with the application.
· At the end of the day you need to save the color pintcopy of the application form filled online.
Read: BBC Media Action Job Circular: bbcmediaaction.org
Charge Payment Method - PWD Job Payment of Application Fees
· Candidates who have completed the application form correctly will get an application code, photo and signed Applicant’s Copy.
· The candidate will download the applicant's copy and save it by color pint.
· Fill the form and submit the online application fee through the payment gateway.
· A total of Tk. 104 / - including TK. 04 / - for examination fee and TK. 104 / - for service charge has to be submitted online.
Application Deadline (PWD Govt Circular Application Deadline)
Department of Public Works (PWD) Recruitment Circular 2022 Online Application Deadline is 17th April from 10.00 am to 31st April 2022 at 5.00 pm and application fee can be paid up to 72 hours after applying online.
Official Circular (PWD Govt. Job Circular 2022)
The Public Works Department (PWD) Recruitment 2022 must apply after seeing the official Circular. Public Works Department (PWD) Job Circular 2022 Official Circular PDF Download link is below:
Written and Oral Examination of PWD Job
Candidates can also get all the information about the written and oral examination through the official web site of the Department of Public Works (PWD) www.pwd.gov.bd.
Read Best Job Searching Websites in Bangladesh
63 percent of Americans rate U.S. economy as bad: poll
A whopping 63 percent of Americans rated the U.S. economy as bad, with 86 percent saying it was because of inflation, closely followed by gas prices at 82 percent, showed a new CBS News poll released on Sunday.
In terms of lowering gas prices, the majority of the respondents, at 65 percent, believed that the government "can do more."
Also Read: Global shares mixed with eyes on inflation, US economy
In addition, "pocketbook issues -- the economy and inflation -- rank as top priorities for Americans," said the survey, noting that " (Joe) Biden continues to get low marks on handling them."
Also Read: Trump addresses coronavirus' heavy impact on the US economy
Nagad training workshop with Postal officials held
Postal Department's Mobile Financial Service 'Nagad' organised “Workshop 2022“ with the objective of providing guidance to BPO officials in conducting operations of the Bangladesh Postal Department and Nagad.
The training workshop was held on Monday in the auditorium of the Directorate of the Posts in the capital’s Agargaon.
Mustafa Jabbar, Minister for Posts and Telecommunications, was present as the Chief Guest of the training workshop, while Md. Khalilur Rahman, Secretary of Posts and Telecommunications Division was present as a special guest, along with other senior officials from the Postal Department.
Also read: Nagad Islamic brings zakat calculator
Md. Siraz Uddin, Director-General of the Postal Department, presided over the workshop which was also attended by Md. Shafayet Alam, Executive Director of Nagad, Lt. Col Md. Kousar Soukat Ali (retd), Chief External Affairs Officer of Nagad and Md. Mahbub Alam, PPM, DIG (retd) among others, says a press release.
Speaking as the chief guest on the occasion, Mustafa Jabbar said, “Nowadays, Nagad has taken the position of the postal department's money order. Nagad has gone a long way today, thanks to the hard work. I was surprised when Nagad first approached me with the concept of registering an account in a minute.”
“Many organizations have tried to compete with bKash, but none have succeeded. However, Nagad has gone far more than 'bKash' by bringing innovations. Tanvir and Shafayet deserve credit for this,”he added.
Read Healthcare payments: Nagad offers discounts of up to Tk2,350
Khalilur Rahman said, “Nagad conducts everyday transactions of Tk 750 crore. The consumer base has grown to six crores in a very short period of time.”
Through the workshop, local BPO officials were informed about the journey and activities of Nagad from the beginning of the journey to the present, as well as detailed operations of each department and subdivision of the organization (sales, customer service, finance and accounting, innovation and technology, legal, and external affairs) and steps taken by Nagad so far to prevent fraud.
During the workshop Md. Shafayet Alam, Executive Director of Nagad highlighted the various activities of 'Nagad' to the participants present and addressed various questions.
Also read: Nagad wins 'Best Innovative Digital Financial Services Brand' award
Besides, BPO officials shared their important views on the Nagad and Postal department’s current and future achievements during the workshop.
Previously, training workshops were held in Chattogram, Sylhet, Khulna, Barishal, and Bogra for all top officials from the Bangladesh Postal Department's Eastern, Northern, and Southern divisions who operate across the country. Following this, the training workshop on Mobile Financial Services Nagad was organized in Dhaka today. As of now, about 400 officials, including top officials from the Postal Department and the Post Directorate, have received an overview of Nagad through these workshops which also covered Nagad's journey to success in attaining financial inclusion, and local and international recognitions.
Read Eid: Nagad offers up to 35% cashback, discount on shopping
Banglalink's digital services marketplace AppLink launched
Telecom operator Banglalink has officially launched a digital services marketplace to connect its customers with local developers.
Along with providing the customers with convenient purchase facilities, AppLink will open up earning opportunities for the developers.
State Minister for ICT Zunaid Ahmed Palak was present at the launching ceremony of AppLink Sunday.
Also read: Ookla Speedtest Award: Banglalink ranked fastest mobile network for 4th time
Also present at the ceremony were Sami Ahmed, managing director of Startup Bangladesh; Erik Aas, chief executive officer, and Upanga Dutta, chief commercial Officer, of Banglalink.
Local developers can visit the AppLink website to register and get all the necessary tools and application programming interfaces (APIs) such as SMS, USSD, and billing connectivity on the platform to publish and monetise their digital services of different categories such as health, education, sports, agriculture, public service, entertainment, and business.
Banglalink customers will be able to buy their desired services using Banglalink's mobile airtime balance at https://applink.com.bd/.
Also read: Banglalink, Teletalk sign MoU on infrastructure sharing
Upanga said, "We have launched AppLink with a two-fold objective. Firstly, this new digital ecosystem is empowering local developers with a platform to showcase their talents with the opportunity to earn."
"Secondly, it enables our customers to easily purchase their desired services and apps with complete ease."
Walton sells Tk127 crore electrical appliances in March: New record for the company
Walton Hi-Tech Industries achieved a new milestone in the sales of its electrical appliances including, elevators, fans, LED lights, and switch sockets in March this year.
It recorded sales worth Tk127 crore under its brands Walton, Marcel and Safe – the highest for the company in a month.
Also, Walton registered 52 percent sales growth in electrical appliances in the fiscal year 2020-21 compared to the previous one, according to the company.
Also read: Walton brings new Printon printers
Walton Electrical Appliances CBO Sohel Rana said: "While maintaining growth its current momentum, Walton has set a target of selling electrical products worth Tk3,000 crore by 2026."
Walton Hi-Tech Industries Managing Director and chief executive officer, Golam Murshed said: "Electrical appliances have a huge market in Bangladesh."
"Our research and innovation and sales team are working relentlessly to supply products according to the demands of customers."
Also read:'Product quality, competitive price driving Walton's export success'
NBR may miss revenue target Tk 3.30 trillion this year too
The National Board of Revenue (NBR) may miss the fiscal revenue collection target as about half of the revenue collection is yet to be done with only four months left of the current financial year.
Latest NBR data shows that the revenue board has collected Tk1.76 lakh crore in eight months July-February period. It means that Tk 1.53 lakh crore of revenue collection still remaining and the board is far from FY2021-22 revenue collection target of Tk 3.30 lakh crore.
Also read: NBR works for win-win tax in upcoming budget: Finance Minister
The official documents showed that the revenue board has to collect Tk38,385 crore in each month in the remaining four months (March-June) which is quite impossible and not happened earlier, the NBR data shows.
The NBR has submitted a revised revenue collection plan with a target ofTk 3.05 lakh crore to reduce the gap between the target and achievement at the end of the fiscal year.
If the ministry of finance approves the revised revenue collection plan, the revenue board has to collect Tk 32,000 crore per month on an average in the remaining (March-June) period.
Despite 10.65 percent growth in revenue collection so far, the NBR may fail to reach the top of the target.
Also read: Consider maximum cut in import VAT on edible oil: Cabinet directs NBR
The revenue collection has jumped to Tk2.66 lakh crore in last FY2020-21) in place of the target of Tk3.30 crore that later was revised to Tk 3.0 lakh crore.
The NBR collects revenue in the form of income tax, travel tax, customs duty; value added tax, supplementary duty (SD) and excise duty.