Dhaka, July 25 (UNB) – Bangladesh has invited German manufacturers to invest more in the country taking the advantages its offers.
State Minister for Foreign Affairs M Shahriar Alam discussed the issue with outgoing German Ambassador in Dhaka Dr Thomas Prinz on Wednesday.
He mentioned that Bangladesh if not the best place, it is a better place to invest, said the Foreign Ministry here.
German Ambassador informed that Siemens is going to make a huge investment in Payra Port for production of LNG based electricity.
State Minister hoped that German company would not only produce goods but also enhance knowledge base and transfer technology to Bangladesh.
Shahriar thanked the outgoing Ambassador for his constructive role in developing the bilateral relations between Bangladesh and Germany from where they launched broad-based partnership ranging from trade and investment to the implementation of sustainable development goals (SDGs).
Ambassador Prinz praised the bold leadership of Prime Minister Sheikh Hasina and her government for giving shelter to the Rohingya people who escaped atrocities in Myanmar.
He also lauded the generous attitude of Bangladeshi people towards the Rohingya people.
In reply, State Minister briefed the present situation in Rohingya camps and initiatives taken by government to cope up the natural calamities during this rainy season.
He also thanked the German government for its continuous support in crisis management and in political process top insure sustainable return of the Rohingya people top their ancestral home in Rakhine state.
State Minister expressed satisfaction at the implementation of the commitment of the Prime Minister regarding engagement of Veridos GmbH in the e-passport project.
He wished the German diplomat success and good health; and requested him to act as goodwill ambassador of Bangladesh wherever he goes.
Dhaka, July 25 (UNB)- Samsung Electronics has launched its ‘Dura Cool Chest Freezers’ in Bangladesh. The unveiling of these refrigerators took place recently at the Transcom outlet, Uttara. At present, 3 variants of the chest freezers are available.
The capacity starts from 205L and the price starts from BDT 39,900.
Samsung Dura Cool freezer comes with cool packs which help to keep the food frozen for up to 9 hours during unexpected outages. A Cool Pack feature maintains an internal temperature below 0℃ to stop food from defrosting and going to waste. To ensure the better food organization inside the freezer, the cool pack is being placed vertically.
The freezer also handles electrical inconsistencies with ease. Even in the case of voltage fluctuations, the Voltage Control feature stabilizes power to protect the freezer and everything within. Even at a low 135 volts, the freezer will operate uninterrupted, ensuring food stays frozen.
Seungwon Youn, managing Director of Samsung Bangladesh and Shahriar Bin Lutfor, head of business (CE & IT) were present at the unveiling session along with the other officials of Samsung and Transcom, one of its distributors in Bangladesh.
Dhaka, Jul 19 (UNB) – Robi, second largest mobile network operator of the country, has inaugurated a water plant at Feni railway station on Thursday.
Including the fresh one in Feni, Robi has so far set-up water plants in 10 railway stations across the country.
This initiative was taken up under Robi’s Corporate Responsibility programme titled, “Nirapod Pani, Shustho Jibon”. Robi aims to contribute towards the national drive to meet the target of Sustainable Development Goal #6: Clean Water & Sanitation through this initiative.
Feni’s Deputy Commissioner, Manoj Kumar Roy inaugurated the water plant as the chief guest. Upazilla Chairman, Feni Sadar Upazilla, Abdur Rahman (B.Com), Feni’s UNO, Md Mamun, Station Master, Feni Railway Station, Md Mahbubur Rahman, and Water Aid Bangladesh’s Programme Officer- Engineer, Md Tawhidur Rahman were present at the programme as special guests.
Robi’s Head of Corporate and Regulatory Affairs, Shahed Alam, Vice President, Communication and Corporate Responsibility, Ekram Kabir, Vice President, Corporate Affairs, Raz Sharif Shah Jamal, Regional Manager, Mohammed Abu Bakar Siddique were also present on the occasion.
Dhaka, July 19 (UNB)- Islami Bank Bangladesh Limited (IBBL) inaugurated its 337th branch at Hossain Market of Link Road in Cox’s Bazar on Thursday.
Mohammed Monirul Moula, Additional Managing Director of the Bank was present in the program as chief guest.
Presided over by Abu Reza Md Yeahia, Deputy Managing Director, Md Nizamul Haque, Executive Vice President & Head of Chittagong South Zone and Mohammed Shabbir, Senior Vice President & Head of Khatunganj Corporate Branch addressed the program as special guests.
M. Zubayer Azam Helali, Senior Vice President of the Bank along with local businesspersons, clients and social elites attended the function.
Bangkok, Jul 16 (AP/UNB) — Shares edged lower in Asia early Monday after China reported lackluster growth data in line with expectations. Geopolitical and trade tensions were weighing on sentiment despite gains last week on Wall Street.
KEEPING SCORE: The Shanghai Composite index lost 0.4 percent to 2,820.52 and Hong Kong's Hang Seng edged less than 0.1 percent lower to 28,486.70. The Kospi in South Korea fell 0.2 percent to 2,307.06 and Australia's S&P ASX 200 gave up 0.3 percent to 6,246.80. Shares fell in Southeast Asia and Taiwan. Japan's market was closed for a holiday.
WALL STREET LAST WEEK: Stocks wrapped up another solid week Friday as industrial and energy companies ticked higher. Corporate earnings from several major U.S. banks failed to excite investors, while consumer-focused companies like Amazon set record highs. The S&P 500 index edged up 0.1 percent to 2,801.31. The Dow Jones Industrial Average added 0.4 percent to 25,019.41. The Nasdaq composite set another record, just barely, as it ticked up 2.06 points to 7,825.98, and The Russell 2000 index of smaller-company stocks fell 0.2 percent to 1,687.08.
CHINA ECONOMY GROWS: China's economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington. The world's second-largest economy expanded by 6.7 percent, down from the previous quarter's 6.8 percent, the government reported Monday. Even before the dispute with Washington erupted, forecasters expected growth to cool after Beijing started tightening controls on bank lending last year to rein in surging debt.
ANALYST VIEWPOINT: "The upshot is that the statistics bureau is now starting to more publicly acknowledge that the economy is losing steam. This should make it easier for officials to justify shifting to a more supportive policy stance," Julian Evans-Pritchard of Capital Economics said in a commentary. "The People's Bank has already been nudging down market interest rates since the beginning of the year but is likely to take the more high-profile step of cutting benchmark lending rates in the coming months."
EU-CHINA TRADE: European Council President Donald Tusk, while on a visit to Beijing, urged President Donald Trump, Russian President Vladimir Putin and China to work with Europe to avoid trade wars and prevent conflict and chaos. Tusk was speaking at the opening of a summit between China and the European Union, just hours ahead of a summit between Trump and Putin in Helsinki. Tusk said Europe, China, the U.S. and Russia had a "common duty" not to destroy the global order but to improve it by reforming international trade rules.
CURRENCY: The dollar rose to 112.47 yen from 112.39 yen late Friday while the euro edged lower to $1.1684 from $1.1688.
ENERGY: Benchmark U.S. crude rose fell 36 cents to $70.65 per barrel in electronic trading on the New York Mercantile Exchange. It rose 1 percent on Friday to $71.01 a barrel in New York. Brent crude, used to price international oils, lost 40 cents to $74.93 per barrel.