Dhaka, Sep 4 (UNB) - Bangladesh is likely to receive another funding from newly established Asian Infrastructure Investment Bank (AIIB) for improvement of drinking water supply and sanitation facilities in the rural municipal areas.
According to official sources in the China-led multilateral financial institution, AIIB and World Bank will jointly implement a scheme titled `Bangladesh Municipal Water Supply and Sanitation Project` at a total cost of $270 million.
Of the total cost, AIIB and World Bank will invest $130 million each while Bangladesh government will have $10 million investment, said Laurel Ostfield, head of communication and development of the Beijing-based AIIB while talking to reporters during the visit of a high profile delegation of her bank to Dhamrai of Manikganj on Monday.
The 5-member AIIB delegation led by its UK Director Emil Levendoglu visited the area to see the implementation progress of the new bank`s $165 million funding for the Rural Electrification Board (REB).
The project titled `Distribution System Upgrade and Expansion` is a part of a greater scheme of $274 million in power and energy sector which will benefit $12.5 million people through providing $2.5 million new power connections in the rural area across the country.
During the visit, the delegation members had interactions with the beneficiaries of the project where they said that now they have been benefited a lot by getting electricity connection as it improved their quality and standard of living.
“In addition to use of different electric appliances, now I can easily recharge our mobile phones and communicate with my husband working abroad. My children can study at night taking benefit of electricity” said Hasna Begum.
However, some of the villagers alleged that they had to spend up to Tk 7000 to get an electricity connection although official cost is about Tk 600.
“We had to pay the extra amount to some middlemen to get electricity connections”, alleged Osman Mia.
The villagers suggested strong monitoring of the project implementation to ensure transparency in every stages of the project.
Talking to reporters Emil Levendoglu said the AIIB is considering more funding for Bangladesh to improve its infrastructure and livelihood of the rural people.
“As part of the AIIB objective, the new project on water supply and sanitation was designed to bring more benefits to the people of Bangladesh”, he said.
Laurel Ostfield informed that the AIIB will consider the new fund for Bangladesh in a meeting in April next year.
She said that by providing sustainable access to water supply and sanitation to selected small to medium pourashavas, the new project will contribute to the government`s key objectives of improved urban environment and health in Bangladesh.
Dhaka, Sep 4 (UNB)- Bangladesh Financial Intelligence Unit (BFIU) held its first town hall meeting through lead bank system at Parjatan Hotel Ne Taung in Teknaf on Saturday.
The meeting was participated by all employees and managers from all banks working in Teknaf on “Money Laundering and Combating Financing of Terrorism”.
Abu Hena Mohd. Razee Hassan, Deputy Governor of Bangladesh Bank, Co-Chair, Asia Pacific Group on Money Laundering (APG) and Head of BFIU addressed the programme as chief guest.
Presided over by Md Zakir Hossain Chowdhury, General Manager and Operational Head of BFIU, the program was addressed as special guests by Abu Reza Md Yeahia, Deputy Managing Director and CAMLCO of Islami Bank Bangladesh Limited, Mohammed Zubair Wafa, Deputy Managing Director and CAMLCO of Al Arafah Islami Bank and Md Mustafa Khair, Deputy Managing Director and CAMLCO of First Security Islami Bank, while Md Sawkatul Alam, Deputy General Manager of BFIU delivered the welcome speech.
Mohammad Abdur Rab, Joint Director of BFIU presented paper on `combating the financing of terrorism and other financial crimes: Role of Bank’ in the meeting.
Dhaka, Sep 4 (UNB) – Moshiur Rahman, an entrepreneur of computer parts recycling trade in capital Dhaka, got a brand new car after buying ceiling fan made by Walton.
The car was given to Moshiur under Walton’s ongoing ‘digital campaign’, which is being conducted to encourage customers to provide its after sales activities through online, said a press release on Tuesday.
The lucky customer said he bought four pieces of ceiling fans from Walton Plaza, a sales outlet in Kazipara, on August 31. He then registered the products through SMS from his mobile number. Within a few minutes, he received a message from Walton that stated he got a brand-new car for one of the purchased ceiling fans.
Moshiur is the first lucky customer who received a car buying Walton fan after the local brand, on July 1, started nationwide ‘digital campaign’ for its produced wide ranges of electrical fans like ceiling, table, wall, rechargeable and pedestal fans with the aim of delivering swift post sales services through online.
The new car was handed over to Moshiur on Monday at a function at the Walton Corporate Office in city.
Eva Rezwana, Executive Director and Chief Coordinator of Walton Marketing, handed over the key to him. Executive Directors to Walton Group Amdadul Hoque Sarker, Humayun Kabir, Md. Rayhan and Operative Director Sakhawat Hossain were among other prominent guests present on the function hosted by First Senior Additional Director Firoj Alam.
Thanking Walton for conducting such campaign, Moshiur Rahman said, “I have never heard of receiving new car buying small products like electric fan. Any reward is a joy and there can be no comparison of getting a new car after buying a fan. We are really happy and thankful to Walton.”
Walton authorities said they are manufacturing and marketing 54 models of rechargeable, ceiling, remote control celling, wall, table, pedestal and exhaust fans of various colours and attractive designs. The local made products are high in quality but affordable in prices.
Under the digital campaign, the Walton fans’ buyers are offered free cars, motorbikes, fridges, televisions and many others prizes or sure cash-back on the registration of their each fans, which are purchased from any Walton Plaza and distributor outlets across the country. The customers of Walton fans will enjoy the offer during the period of July 1 to September 30 of 2018.
Tokyo, Sep 3 (AP/UNB) — Asian shares were mostly lower Monday amid worries about escalating trade friction between the U.S. and Canada, who have been unable to agree to a revamped trade deal but will continue negotiating this week.
KEEPING SCORE: Japan's benchmark Nikkei 225 lost 0.5 percent in morning trading to 22,751.13. Australia's S&P/ASX 200 was virtually unchanged at 6,321.60. South Korea's Kospi shed 0.5 percent to 2,312.09. Hong Kong's Hang Seng fell 1.1 percent to 27,586.05, while the Shanghai Composite index was down 1.2 percent at 2,693.31.
WALL STREET: The S&P 500 index was down for most of the day Friday but inched up 0.39 points to close at 2,901.52. The Dow Jones Industrial Average fell 22.10 points, or 0.1 percent, to 25,964.82. The Nasdaq composite rose 21.17 points, or 0.3 percent, to 8,109.54. The Russell 2000 index of smaller-company stocks gained 8.40 points, or 0.5 percent, to a record high of 1,740.75.
TRADE WORRIES: Investors had hoped the U.S. and Canada would finish the outlines of a revamped NAFTA pact after the U.S. and Mexico announced a preliminary agreement. U.S. Trade Representative Robert Lighthizer said last week that talks will resume on Wednesday. President Donald Trump said he is willing to make a deal with just Mexico, excluding Canada, but Wall Street is confident the final deal will include all three.
ANALYST'S TAKE: "With Canada not reaching an agreement with the U.S. on the NAFTA talks that were rushed on Friday last week, focus has now shifted to the mid-week deadline for Canada to sign up for the revamped NAFTA structure," said Vishnu Varathan at Mizuho Bank in Singapore.
ENERGY: Benchmark U.S. crude lost 20 cents to $69.60 a barrel. It fell 0.6 percent to $69.80 a barrel in New York late Friday. Brent crude, used to price international oils, dipped 22 cents to $77.42 a barrel.
CURRENCIES: The dollar rose to 110.92 yen from 110.75. The euro fell to $ 1.1598 from $1.1685.
Dhaka, Sept 3 (UNB) - Bangladesh has urged Canadian investors and Bangladeshi Diaspora to bring in bigger investment here.
Commerce Secretary Shubhashish Bose made the call while addressing a ‘luncheon meeting’ for attracting Canadian Diaspora organized by Canada Bangladesh Chamber of Commerce and Industry or CanCham Bangladesh in the city recently.
Canadian High Commissioner in Dhaka Benoit Prefontaine and CanCham Bangladesh President also spoke.
Secretary Bose said Bangladesh needs huge Foreign Direct Investment (FDI) for achieving the Sustainable Development Goals (SDG).
He said bilateral trade has been growing at a faster rate than before due to duty free market access.
Export of Bangladesh reached US $ 1.61 billion in 2017-18, 95 percent of which are garment items, said the CanCham on Monday.
He also mentioned that lots of people are going to Canada in search of business and many students are going for quality education.
Bose said awarding honorary membership to Iqbal Roshd, a very successful Canadian entrepreneur of Bangladeshi origin, will be a great encouragement to Bangladeshi entrepreneurs.
Roshd was also appointed as a special representative of CanCham Bangladesh in the province of Ontario, Canada.
While handing over the membership certificate and the appointment letter, CanCham Bangladesh President Masud Rahman hoped that Roshd would take all possible steps to encourage Canadian entrepreneurs including Bangladeshi Diaspora for trade, investment and technology transfer from Canada to Bangladesh, particularly in organizing a Diaspora Meet-Up in Canada next year.
Canadian High Commissioner in Dhaka Benoit Prefontaine stressed the importance of bringing in Bangladeshi Diaspora from Canada to exploit the great opportunity existing in Bangladesh.
The envoy said his government is also attaching high priority to Bangladesh and taking a number of steps to facilitate business between the two countries adding that posting of a Senior Trade Commissioner in Bangladesh office for the first time is a proof of it.
He also mentioned that they have relaxed the travel advisory alert for Bangladesh and hoped that more Canadians would now visit to Bangladesh.
The envoy expressed his desire to work closely with the government of Bangladesh as well as CanCham Bangladesh and praised the strategic decision of CanCham Bangladesh to reach out to business person in Canada like Iqbal Roshd.
He also assured to provide full support in continuing this type of event.