Dhaka, Mar 12 (UNB)-The inaugural session of a three-day long Walton conference started at Chandra of Gazipur on Tuesday.
During the programme, SM Ashraful Alam, managing director of Walton Hi-Tech Industries Limited (WHIL) said the local electronics giant Walton is going to produce global five best models of smart refrigerators in terms of the innovative design, quality, capacity, reasonable rates and advanced features with the target of grabbing a remarkable portion of the potential electronics markets of the world.
“We (Walton) set a target of becoming the world’s leading electronics company within the next 10 years. To make this target successful, we will manufacture world’s best five models of smart fridges, which capacity would be 500 to 700 liters,” he said.
This year, Walton targeted to sell out two million units of fridges in the local market. Already, the sales of our fridges in the first two months surpassed the target of the respective months, saying it he called upon all the stakeholders to provide their great effort for achieving the target before the end of the year.
The three-day long conference was inaugurated with the slogan of ‘Together we can change the world.”
The event was also attended by Walton Group’s Executive Directors Eva Rezwana, Amdadul Haque Sarker, Alamgir Hossain Sarker, Yusuf Ali, Mohammad Rayhan, SM Zahid Hasan, Humayun Kabir, Golam Morshed, Amin Khan, President of International Business Unit Edward Kim and Chief Technical Officer Md. Yan among others.
More than six thousand businessmen from all over the country are taking part in the three-day long business conference of the local brand.
The inaugural session of the conference was moderated by film actor Amin Khan where nearly two thousand distributors and area managers were present.
Dhaka, Mar 12 (UNB) - Islami Bank Bangladesh Limited has signed an agreement with Dhaka Electric Supply Company Limited (DESCO) on Monday, at a hotel in the city.
Abu Reza Md Yeahia, Deputy Managing Director of the Bank and SM Zamil Hussain, Company Secretary of DESCO signed the agreement on behalf of respective organisations.
Mohammed Monirul Moula, Additional Managing Director of the Bank and Brigadier General (Retd) Md Shahid Sarwar, Managing Director of DESCO, were present on the occassion.
Aminur Rahman, Head of Dhaka North Zone, Mizanur Rahman Bhuiyan and Zubayer Azam Helali, Senior Vice Presidents and Nazrul Islam, Senior Assistant Vice President of the Bank, Saiful Islam, Masud Chowdhury, Engineer Mostafa Kamal, Engineer Noor Mohammad and Jagadish Chandra Mandal, Directors of DESCO along with top executive and officials of both organisations were present there
Beijing, Mar 12 (AP/UNB) — Asian stocks followed Wall Street higher on Tuesday as investors awaited Britain's vote on a plan to leave the European Union.
The Shanghai Composite Index rose 2.2 percent to 3,092.99 points and Tokyo's Nikkei 225 gained 1.9 percent to 21,530.17. Hong Kong's Hang Seng added 1.5 percent to 28,912.55 and Seoul's Kospi was 0.8 percent higher at 2,155.80.
Sydney's S&P-ASX 200 advanced 0.1 percent to 6,186.00 and markets in New Zealand, Taiwan and Southeast Asia also rose.
Tech stocks drove the benchmark Standard & Poor's 500 index to its biggest daily gain since January, snapping a five-day losing streak for the S&P, which was coming off its worst weekly stumble this year.
The S&P 500 gained 1.5 percent to 2,783.30. The Dow Jones industrial average rose 0.8 percent to 25,650.88. The Nasdaq composite jumped 2 percent to 7,558.06.
Nvidia rose after agreeing to buy chipmaker Mellanox. Apple benefited from an analyst upgrade.
Boeing Co.'s stock slumped 5.3 percent after the second fatal crash involving the newest version of its popular 737 jetliner. An Ethiopian Airlines jetliner went down Sunday, killing 157 people. That followed the crash of another 737 Max 8 crashed in Indonesia on Oct. 29 that killed 189 people.
Authorities in Ethiopia, China, Singapore and Indonesia have grounded all Boeing 737 Max 8 aircraft. At one point Monday, Boeing shares slid more than 13 percent.
British lawmakers were due to vote Tuesday on a plan to leave the European Union following negotiations in Strasbourg over details including Britain's border with the Irish Republic.
Britain is due to pull out of the EU in less than three weeks, on March 29, but Prime Minister Theresa May's government has not been able to win parliamentary approval for its agreement. The impasse has raised fears of a chaotic "no-deal" Brexit that could disrupt businesses in Britain and the 27 remaining EU countries. May said the latest changes should overcome lawmakers' qualms about a mechanism to keep an open border between Britain's Northern Ireland and EU member Ireland.
"Investors will likely favor risk-taking on positive Brexit news and a strong showing on Wall Street overnight," said Nicholas Mapa and Prakash Sakpal of ING in a report. "Technology and energy shares are seen to drive the rally in Asia but market players remain wary ahead of China retail sales data later in the week."
ENERGY: Benchmark U.S. crude rose 19 cents to $56.98 per barrel in electronic trading on the New York Mercantile Exchange. The contract jumped 72 cents on Monday to close at $56.79. Brent crude, used to price international oils, added 12 cents to $66.70 per barrel in London. It gained 84 cents the previous session to $66.58.
CURRENCY: The dollar gained to 111.35 yen from Monday's 111.21 yen. The euro advanced to $1.1254 from $1.1245.
Dhaka, Mar 11 (UNB) – Bangladeshi officials and representatives of Seychelles met on Monday to discuss manpower export to the archipelago.
Official sources said there was a “fruitful discussion” on sending workers in all sectors of Seychelles in a fair, systematic and responsible way.
Both sides agreed to sign a Memorandum of Understanding (MoU) at the meeting held at the Ministry of Expatriates’ Welfare and Overseas Employment.
State Minister for Expatriates’ Welfare and Overseas Employment Imran Ahmed assured Seychelles representatives of taking necessary steps for safe and regulated labour migration.
Participants of the meeting hoped that both sides would benefit if Bangladesh’s labour market expands.
Employment Department principal of Seychelles Government Jules Baker, Foreign Affairs Principal Dr Marina Confait and Chief Immigration Officer Michel Elizabeth were among the Seychelles representatives.
Dhaka, Mar 10 (UNB)- Bogura, Rangpur and Rajshahi zones of Islami Bank Bangladesh Limited (IBBL) held workshop on “Prevention of Money Laundering and Combating Financing of Terrorism” and Business Development Conference of Agent Banking on Saturday at Momo Inn Hotel of Bogura.
Md Mahbubul Alam, Managing Director and CEO of the Bank addressed the function as Chief Guest where Muhammad Qaisar Ali, Deputy Managing Director was present as special guest.
Presided over by Md Kawsarul Alam, Executive Vice President (EVP) and Head of Rajshahi zone, the program was addressed by Md Motiar Rahman, EVP and head of Bogura zone, AKM Payer Ahammed, Senior Vice President and head of Rangpur zone, Mohammad Jamal Uddin Mazumder, EVP and head of Software Division, Md Mahboob Alam, EVP and head of Agent Banking Division along with executives from Agent Banking Division.