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.
Qingdao, Jun 10 (AP/UNB) — Chinese President Xi Jinping extolled free trade and criticized "selfish, short-sighted" policies during a closely orchestrated gathering of a Beijing-led bloc Sunday, standing in stark contrast with the G-7 summit that ended in disarray over trade tensions.
"We should reject selfish, short-sighted, narrow and closed-off policies. We must maintain the rules of the World Trade Organization, support the multilateral trade system and build an open global economy," Xi said. Though his remarks did not mention President Donald Trump, Beijing has sought to portray itself as a defender of free trade in response to the American leader's support for import controls. This is despite China's status as the most-closed major economy.
Xi also hailed the entry of new members of the Shanghai Cooperation Organization, calling the presence of Indian Prime Minister Narendra Modi and Pakistani President Mamnoon Hussain "of great historic significance" in opening remarks at this weekend's summit of in the northern Chinese port of Qingdao. Their two South Asian nations joined the bloc as full members last year.
With tight security, closed roads and restricted press access, the summit's choreographed show of unity was a striking contrast to the tumultuous Group of Seven summit of leading industrialized nations that concluded Saturday in Quebec and saw the U.S. and its allies divided by escalating trade tensions.
Trump lashed out at Canadian Prime Minister Justin Trudeau in an extraordinary set of tweets from Air Force One, calling him "dishonest & weak" and retracting the U.S. endorsement of the G-7 summit's communique.
The Beijing-led bloc, which experts see as seeking to challenge the Western-led order, is dominated by China and Russia and also includes Kazakhstan, Uzbekistan, Kyrgyzstan, and Tajikistan. Founded in 2001, it was originally conceived as a vehicle for resolving border issues, fighting terrorism, and — more implicitly — to counter American influence in Central Asia following its invasion of Afghanistan.
The summit comes as Russia and China have boosted ties in response to the U.S. national security strategy that describes them as America's top adversaries.
"We should reject the Cold War mentality and confrontation between blocks," Xi said, adding that the countries should "oppose the practices of seeking absolute security of oneself at the expense of the security of other countries."
In recent years, the Shanghai bloc's economic component has grown more prominent, embodied in Xi's signature, trillion-dollar foreign policy and infrastructure drive known as the Belt and Road Initiative.
Xi announced that China would offer 30 billion yuan ($4.7 billion) in loans through the bloc, highlighting its economic aspect.
Beijing's infrastructure projects in Central Asia make some in the bloc uncomfortable — particularly India, which alone among members has refused to endorse the program. Russia, too, is wary of China's expanding influence, and though it has somewhat reluctantly embraced the Belt and Road, it is also seeking to expand its own economic and political leverage in the region through a customs union it dominates known as the Eurasian Economic Union.
China has sought to downplay concerns that the Shanghai grouping is a way for Beijing to project its strategic influence abroad. The Global Times, a Communist Party newspaper, said Sunday in a commentary that unlike Western organizations like NATO and the G-7, which seek to "consolidate the global economic order that is favorable to the Western world," the Shanghai Cooperation Organization is inclusive.
It is "is not a tool for geopolitical games, seeking hegemony or engaging in international confrontation," the paper said.
As trade tensions simmered between China and the U.S. in recent months, Beijing has drawn closer to Moscow and New Delhi.
On Friday, Xi presented Russian President Vladimir Putin China's first Friendship Medal at an elaborate ceremony in Beijing.
On Saturday, Xi met Modi for the second time in two months, signing deals on the export of non-basmati rice and sharing information on the waters of the Brahmaputra River, which runs between China and India, according to tweets by spokesperson of the Indian Ministry of External Affairs Raveesh Kumar.
Xi and Modi also found common ground on security. On Sunday, Xi urged closer cooperation on joint counterterrorism exercises and law enforcement, while Modi called security "our top priority" and said India would play "an active and constructive role" in the bloc to work against extremism in Afghanistan.
Beijing sees the bloc as a force for stability in a poor, unstable neighborhood bordering on its volatile region of Xinjiang, where attacks in recent years by radicals among its native Muslim population killed hundreds and prompted a massive security crackdown, while New Delhi is interested in striking Islamic militant groups targeting India