Islami Bank Bangladesh Limited signed a Memorandum of Understanding (MoU) with Royal Tulip, Cox’s Bazar on Wednesday to offer discount for its clients.
The MoU was signed at Islami Bank Tower, IBBL said in a press release.
In presence of Mohammed Monirul Moula, Managing Director and CEO of the IBBL, Md Mosharraf Hossain, Deputy Managing Director of the bank and Quazi ASM Anisul Kabir, Chief Executive Officer of Royal Tulip signed the agreement on behalf of respective sides.
Under this agreement, Royal Tulip shall offer 50 percent discount for IBBL Credit Card holders and 45 percent for Debit Card holders on its rooms and other applicable services.
Muhammad Qaisar Ali and Md Omar Faruk Khan, Additional Managing Directors of the bank, Mohammad Ali, JQM Habibullah, FCS, Taher Ahmed Chowdhury, AAM Habibur Rahman and Md Siddiqur Rahman, Deputy Managing Directors, Mohammed Shabbir, Muhammad Sayed Ullah and Gias Uddin Quader, Senior Executive Vice Presidents, Md Mizanur Rahman Bhuiyan, Head of Business Promotion & Marketing Division of the Bank, Mahmud Russel, Director of Sales & Marketing of Royal Tulip along with top executive and officials of both organisations were present on the occasion.
Europe's push into electric cars is gathering speed — despite the pandemic.
Automaker Volkswagen tripled sales of battery-only cars in 2020 as its new electric compact ID.3 came on the market ahead of tough new European Union limits on auto emissions. And Germany, long a laggard in adopting electric vehicles, saw more people buy electrics in December than opted for previously dominant diesel vehicles.
Those are early signs of what will likely be an upcoming year of increasing market share for electric cars as EU regulations drive their adoption, despite the recession caused by the coronavirus pandemic that has caused the overall car market to shrink.
Volkswagen said Tuesday its namesake brand sold 134,000 battery-powered cars last year, up from 45,000 in 2019.
Including hybrids, which combine an internal combustion engine and an electric motor, sales of electrified cars reached 212,000, up from 82,000 in 2019.
Volkswagen's announcement comes as the auto industry association in Germany reports that one in four cars sold in the country in December had an electric motor, uptake that was supported by incentives as part of the government stimulus package during the COVID-19 recession.
Battery and hybrid cars took 26.6% of sales that month, running ahead of diesel cars, which had 26.2%. That is also a token of diesel's steep decline after Volkswagen's 2015 scandal involving diesel cars rigged to cheat on emissions tests.
Electric cars have so far been a small but rapidly growing slice of the European market. According to the European Automobile Manufacturers Association, in the July-September quarter of 2020 9.9% of cars sold were chargeable vehicles, up from 3.0% a year earlier. The association publishes full-year statistics on Feb. 4.
Automakers in the EU must sell more zero-emission cars in order to meet tougher fleet average limits on emissions of carbon dioxide, the primary greenhouse gas blamed for climate change. Those limits came fully into effect on Jan. 1. Failure to achieve a fleet average of less than 95 grams of carbon dioxide per kilometer driven can mean heavy fines.
Sales have been driven by government incentives, and by an increasing number of new models that — like the ID.3 — were designed purely as electric cars, rather than being converted from internal combustion models. Electric-only design can mean more interior space as a selling point. The compact ID.3 isn't coming to the U.S. market, where Volkswagen will offer the electric ID.4 sport-utility vehicle made on the same mechanical base.
Demand has been held back by lack of places to charge electric cars, including for people who live in apartment buildings and can't install a charging box at home. Germany's auto association, the VDA, said there's only one publicly available charging station for every 17 electric cars.
California-based Tesla has been a major factor in the electric upswing with its Model 3 and its proprietary network of fast-charging stations.
The government in China, the world's largest auto market, is also pressing carmakers to lower emissions.
The uptake of electric vehicles has been slower in the United States, where regulatory pressure has been weaker and where gasoline costs as little as $2 per gallon, depending on the region. That compares to 1.30 euros per liter of gas, or $6 per gallon in Germany, much of which is taxes.
Ecom Express, India’s leading technology enabled end-to-end e-commerce logistics solutions provider, has invested around Tk 100 crore in Paperfly, the largest home delivery service network in Bangladesh.
The investment was made to fasttrack Paperfly's vision of capturing a lion's share in Bangladesh's growing e-commerce industry, said a press release on Tuesday.
Founded in 2016 by Shahriar Hasan, Razibul Islam, Rahath Ahmed and Shamsuddin Ahmed, Paperfly is the first homegrown technology-enabled logistics company in Bangladesh and it has been able to scale up to the size that it is today in a very short span of time.
This investment marks Ecom Express’ first presence outside India after redefining e-commerce logistics in its home country driven by innovative technology-led solutions and an unparalleled network that reaches almost 1 million people daily through its 2,900 delivery points across India.
Pursuing the investment, Paperfly and Ecom Express, backed by Warburg Pincus and CDC Group, will work closely towards the transformation of Bangladesh's logistics industry through the use of intelligence-driven automation and data sciences, accelerating the implementation of advanced supply chain and logistics processes and adopting agile solutions in the delivery warehouse.
Speaking on the investment and partnership, Shahriar Hasan, Founder & CEO of Paperfly, said, “Bangladesh’s logistics industry must evolve in many folds to keep up with modern purchase behaviours from an increasingly digitised society."
He said, “We want to lead that evolution in both e-commerce and traditional logistics by integrating technology to deliver a superior experience to both our clients and customers. The partnership with Ecom Express will enhance our credibility and we look forward to consolidating Bangladesh’s logistics landscape further and for the better.”
TA Krishnan, CEO and Co-Founder, Ecom Express said Paperfly has established itself as a prominent enabler to online businesses through its strong logistics experience and entrepreneurial leadership team.
It said, “Our investment is an opportunity to partner with the company that is delivering rapid growth in the home delivery space while building a robust and sustainable operation for the long term. We look forward to unlocking Paperfly’s potential to provide superior customer experiences across its supply value chain by integrating e-commerce, logistics and technology ecosystem.’’
The Dhaka Chamber of Commerce and Industry (DCCI) has called on the government to formulate a comprehensive trade policy to promote export diversification and attract more foreign investments.
DCCI President Rizwan Rahman made the request on Monday as he met with Commerce Minister Tipu Munshi at the secretariat.
Rizwan Rahman requested the minister to allow the same fiscal and non-fiscal facilities to all export-oriented sectors keeping in mind the least developed country (LDC) graduation timeframe of Bangladesh.
He also urged the government to step forward to sign a free trade agreement (FTA) with the UK in the post-Brexit era.
“Also, the businesses will need extensions on both moratorium and repayment time for loans, disbursed under the stimulus package, for at least one year as most of them are reeling from pandemic fallout,” Rizwan said.
The nature of the global economy has changed a lot and to be more competitive in the export market, the government will support all the promising sectors, the minister said.
“We need to have more institutional research to survive in the international market with more diversified products.”
Also, the minister requested the DCCI president to put forward necessary recommendations of the business community to the ministry for the government’s consideration.
The International Monetary Fund (IMF) recently called on continuing investment in infrastructure and human capital, lowering barriers to new businesses and reviewing the existing tariff structure faced by the non-RMG sector in Bangladesh to promote export diversification.
“With limited diversification, exports remain concentrated in the RMG sector,” said the IMF.
The international lending agency said new products and growing sectors, such as footwear, leather, and pharmaceuticals were showing potential for diversification, but the share of the low-skilled apparel sector in total exports remained high at around 80%.
Global smartphone brand vivo wishes to do its business paying more importance to the local users.
Applying this policy, vivo won the heart of all class customers of local market of Bangladesh last year, said a press release.
vivo is marching forward maintaining its slogan ‘more local, more global.’ vivo aspires to expand its market globally through paying special attention on local market.
Also read:Vivo, Zeiss team up for mobile imaging
vivo started its immense journey in Bangladesh 3 years ago. Within a very short span of time, vivo has set up 1000+ brand stores across the country. Moreover, the brand has opened 3500+ retail stores around the country. Currently vivo has 14 service centers and 2 special service centers in Bangladesh.
In spite of being a youth centric brand, vivo manufactures variant-rich smartphones for customers from all class. For why vivo kept an eye on launching mid-range smartphones last year. Currently vivo Y91C, Y30, Y50, Y20 from Y series and V19, V20, V20SE from V series are available in the market.
Along with manufacturing of the finest-in-class smartphones, vivo achieved a lot in 5G networking. When other companies are very beginning of 5G technology but vivo already launched 5G smartphone in the market. vivo’s smartphones are unique as it handsomely combined 5G technology and artificial intelligence. Right now, vivo is working to develop 6G technology.
After a successful and fantastic journey in South Asia, vivo recently entered the markets of 6 countries of Europe. Now vivo smartphones are available in the market of France, Germany, Italy, Poland, Spain and United Kingdom. vivo also announced a long-term strategic partnership with ZEISS to jointly promote and develop breakthrough innovations in mobile imaging technology.
Also read:Sale of flagship phone Vivo V20 begins
As vivo sees Bangladesh market as important and strategic, it is so careful about after-sale services. vivo has recently announced free customer service at every Thursday of the 3rd week of each month under ‘vivo Service Day’ initiative to continue the customer-centric approach and elevate customer services to the next level. On service day, vivo users will get a 10% discount on the purchase of mobile accessories such as chargers, data cables, and earphones etc. The free services include free pasting of the protective film and free software upgrade that too without making any additional payment to the service provider.
Duke, Managing Director of vivo Bangladesh, said, “By 2020 vivo emphasizes on local market. We believe that through local market it is possible to play an important role in global market. vivo has become the official sponsor of Euro football championship.
Hopefully vivo customers will get something new in the new year.”