Business
Vegetables and egg prices decline a bit, but not enough to calm consumers: UNB market survey
Though prices of vegetables, eggs, boiler chicken and rice are slightly down compared to the previous week, the consumers still find the rates higher.
They said the per dozen egg price jumped to Tk 165 gradually from Tk 70, now the egg price decreased slightly and stablilised at Tk150 per dozen. It's same with the prices of onion, garlic, ginger, cumin seeds, green chili, and some other kitchen items.
Alauddin Dewan, a government employee, told UNB at Karwan Bazar on Friday that he cut down by half the purchase of these essential items due to higher prices.
The low-salaried man struggles with the family expenditure and so he has to reduce the consumption of eggs, fish, meat, and other higher price items.
Alamgir Hossain, an executive of a private company, had a similar experience as he went to market on Friday.
“I have to drop many items from regular consumption basket as my two children’s education expense, parents medicine cost, house rent, and utility bills are higher from the previous, while income is the same,” he told this reporter.
However, prices of vegetables decreased slightly on Friday at Karwan Bazar. The prices of vegetables and fish are different based on quality and areas of the market.
At Karwan Bazar on Friday brinjal was selling at Tk 50 to 80 per kg, okra at Tk 40 to 50, pointed gourd at Tk40 to 50, bitter gourd at Tk80 to 100, bean at Tk200 to 220, Spiny gourd at Tk60 to 70, Arum at Tk80 to 90, tomato at Tk 140 to 180, the carrot at Tk120 to 150, potato at Tk40, green chili at Tk180 to 200 per kg.
Read: Eggs to be imported if required : Minister
Of fish, two pieces of hilsha weighing about 700 grams to 750 grams were selling at Tk 800 per kg at Karwan Bazar fish. Of the other fish, Puti was selling at Tk 300 per kg, puti (live) at Tk 400, cultivated koi at Tk 200 to 220 per kg, koi river at Tk 700. Fali Chanda (Rupchada) at Tk 1200 kg, Chanda small at Tk 600 kg, walking fish (Shoal) at Tk 500 kg, Eel at Tk 700 to 800 kg, Meni at Tk 500 kg, Sheat (boal) at Tk 550 to 700 kg, Ek-thota (Kaitta fish) at Tk 600 to Tk 700, Baila at Tk 600 to 700 kg, Coral Fish at 550 kg, river Pangas at Tk 500 kg, cultivated Pangas at Tk 180 to 220 kg, Rajputi at Tk300 kg, Tilapia at Tk 200 to Tk 220 kg, Ruhit at Tk 320 to Tk 400 kg, medium size carp (katol) at Tk 300 to 400 kg, local variety of Cat fish (Shing) at Tk 400-500 a kg, barbel at Tk 700 kg, lobster at Tk 500 to 700 kg, and shrimp (River) at Tk 700-800 kg.
The local onion was selling at Tk 95 to 100 per kg, while the imported onion at Tk 70 to 75 per kg. Imported garlic was selling at Tk 240 to 260 kg and local garlic at Tk 220 kg. Imported ginger was selling at Tk 180 to 240 per kg. The locally produced ginger was selling at Tk 300 kg based on quality.
Beef is selling for Tk 780 to 800 per kg the mutton at Tk 1150 to 1180. A medium size local cock was selling at Tk 450 to 500 per piece and hen at Tk 400 to 450. The boiler chickens' price stands at Tk 170 to 190 per kg. The egg (farm) was selling at Tk 50 per hali (4 pieces), egg (local) at Tk 70 and egg (duck) at Tk 70 to Tk 75. Pigeon per pair was selling at Tk300 to Tk 350.
Read: At Tk 150 per dozen in Dhaka markets, eggs not an affordable protein source any more
The red lentil was selling at Tk 130 per kg while the imported item (coarse variety) at Tk 115 kg over the week. Five liters of Rupchanda brand canned soybean oil selling at Tk 860, loose super palm oil at Tk 160 per liter, sugar price at Tk 130 to 140 per kg and molasses at Tk 170 to 200 and flattened rice at Tk 120 to 160 per kg.
According to TCB, the coarse rice was selling in retail at Tk 54 per kg, Pyjam at Tk 58 kg, Nazirshail brand of rice at Tk 80 kg, Minicate at Tk 65 to 70 per kg, Kattari bhog at Tk 95, Pillau rice (Badsha bhog) at Tk 130 to 140 kg and Kalijira at Tk 130 to 140 kg. Coarse flour (loose) was selling at Tk55 per kg, packet flour (Moida) at Tk70 while Ata packet was selling at Tk 60 per kg.
Read more: Ministry to sell meat, eggs at lower prices in Dhaka during Ramadan
Islami Bank remittance clients to get 43 washing machines
Islami Bank Bangladesh PLC’s clients will get 43 washing machines through a digital draw on 43 banking days for sending cash remittances.
This offer will continue from August 20 to October 19 this year.
Read: Walton receives Tk 250cr orders from 'ATS Expo'
Mohammed Monirul Moula, Managing Director & CEO of the Bank inaugurated Islami Bank- Instant Cash Remittance Fiesta as chief guest at Islami Bank Tower on Thursday.
The offer includes a mega prize for a three-member family round trip of Dhaka-Cox's Bazar air ticket and two nights of hotel accommodation.
Read: US-Bangla announces holiday packages for the Maldives
Anjali Menon, Chief Business Officer of Instant Cash FZE, Miftah Uddin, Deputy Managing Directors of Islami Bank, Mohammad Qaisar Ali, J Q M Habibullah FCS, and Md. Altaf Hossain, Additional Managing Directors, and Mohammad Faridul Islam, Country Manager of Instant Cash FZE attended the function, a press release said.
Walton receives Tk 250cr orders from 'ATS Expo'
The recently concluded 'International Advanced Components and Technology (ATS) Expo-2023', organized by Walton and claimed as the country's first-ever sole-company's industrial fair, received a huge response from domestic and foreign companies.
During the expo from 10 to 12 August, Walton received huge orders worth around Tk 250 crore from various local and foreign companies.
Walton Hi-Tech Industries PLC Managing Director and CEO Golam Murshed disclosed it at a post press meet of the 'ATS Expo-2023' held at Walton Corporate Office in the capital's Bashundhara Residential Area on Thursday.
Walton Hi-Tech Industries' Chief Marketing Officer Didarul Alam Khan, Senior Executive Directors Md. Tanvir Rahman, Tofail Ahmed and Mohammad Shahjada Salim and Senior Deputy Executive Director Rabiul Islam Milton among others were present at the conference.
Addressing the event, Golam Murshed said, "Walton is the first company in Bangladesh to host an industrial expo to showcase more than 50,000 industrial materials, components, solutions and advanced technology. At the ATS Expo, we received huge responses beyond our expectations.
He said the ministers for Commerce and Planning, Commerce Secretary, Philippines Ambassador to Dhaka, important personalities of different local and foreign companies, representatives from government and private sectors visited the Walton's industrial fair which made them very happy.
Read: Walton is industrial icon of Bangladesh: Tipu Munshi
CEO Murshed said Walton received about $ 13 million worth export orders for refrigerators and components from an authorized licensee of the global brand Hyundai in India and a well-known electronics product marketing company in West Bengal.
Moreover, the ATS expo also recorded Tk50 crore worth orders for home appliances and components; Tk5.50 crore orders for PCB, PCBA or motherboard, mobile, laptop and accessories; Tk5 crore orders for lifts and accessories; Tk6 crore orders for fans, LED lights, switch-sockets, DB boxes etc; Tk7 crore orders for shipping and logistics services; Tk2 crore worth for chemical components, Tk2.26 crore orders for VRF and air conditioner; and Tk1.1 crore orders for compressors and metal casting.
Murshed said, "The trust, we have seen, on the Walton brand and products at the first 'ATS Expo' will motivate us to organize such industrial fairs in future. We will organize this industrial fair every year so that the domestic industrialists would no longer have to go abroad for their industrial raw materials, components and testing solutions. Now, Bangladesh is quite self-sufficient in manufacturing world-class industrial materials and components.”
Read: Walton to host int’l industrial fair 'ATS Expo' on August 10
The CEO also said that the main objective to organize the ATS Expo was to increase the empowerment of the domestic industry by reducing the country's import dependency by providing quality components, industrial materials and testing solutions to the domestic industries. In this case, Walton's international industrial fair can be said as very successful.
At the expo, over 50,000 industrial materials, components, services and testing facilities manufactured by Walton have been showcased at a total of 21 stalls in 4 categories.
Read more: Walton Mobile opens smart point at Shyamoli
Most of them are used as main raw materials and components in various stages of almost all types of industrial establishments. Along with meeting its own internal demands, Walton may contribute to save billions of foreign currency and empower the domestic industry by providing import substitute quality industrial materials, components and testing solutions to other industries of the country.
Banks, asset management companies to raise investment in capital market: BSEC
Banks and asset management companies will raise investment in the stock market for stabilising the market after a drastic fall of share prices.
Their commitment came after a meeting of the representatives of merchant banks and asset management companies with the Bangladesh Securities and Exchange Commission (BSEC) on Thursday.
The meeting also discussed raising the confidence of investors in the capital market and bond market for the sake of the development of the stock market.
Read: BSEC sits with stock market stakeholders Thursday after drastic fall of share prices
With BSEC Commissioner Dr Sheikh Shamsuddin Ahmed in the chair, BRAC Bank CEO and Managing Director Salim RF Hussain, Shanta Asset Management Vice Chairman Arif Khan, EBL Securities Managing Director Sayedur Rahman, Standard Chartered Bank Managing Director Muhit Rahman, City Bank AMD and CFO Mahbubur Rahman and representatives of other related institutions attended the event.
BSEC Commissioner Shamsuddin explained the global situation and termed the bond market as an important source of long-term financing.
He emphasized making the bond market more sustainable for the development of the country's capital market and utilizing the possibility of long-term financing through bonds.
He also said that the government is playing a supporting role in the development of the bond market and the activities are ongoing in coordination with the IMF, World Bank, and other international organisations.
Read: Al-Arafah Islami Bank approves 15% dividend
Another special meeting of BSEC with asset managers and fund managers was held on the same day. They discussed the current market situation and the development of existing mutual funds in the capital market.
BSEC Commissioner Dr. Mizanur Rahman instructed the present fund managers and asset management companies to protect the interests of the investors and conduct their activities as fair procedures.
YouTube Scriptwriter Career Guide: Essential Skills and Free Online Courses
In the digital age, YouTube reigns as a content creation powerhouse, captivating viewers with its diverse array of videos – from vlogs and tutorials to documentaries and skits. As this dynamic platform evolves, creators strive for innovation to captivate their audience. At the heart of a triumphant YouTube video lies its script – the bedrock of engaging storytelling that effectively communicates a video's essence. In today's swiftly shifting landscape, scriptwriting has emerged as a vital skill for YouTube creators aiming to make a lasting impression.
What is Scriptwriting?
Scriptwriting is the process of creating a written document that outlines the dialogue, actions, and directions for a video, film, or any other type of visual production. It serves as a blueprint for the production team, including actors, directors, camera operators, and editors, to follow during the filming or creation process.
Scriptwriting is necessary to make an effective video because it provides a structured and organised framework for storytelling. A well-written script helps ensure that the video's message, plot, and characters are clearly communicated to the audience. It guides the visual and auditory elements, ensuring a cohesive and engaging final product. Without a script, a video might lack direction, coherence, and impact, making it challenging to convey the intended story or message effectively.
Read more: YouTube Video Script Writing: Some Effective Tips and Tricks
Essential Skills to Develop a Career as a YouTube Video Scriptwriter
To become really good at writing scripts for YouTube videos, there are some important skills you should have. These skills are crucial for making videos that are interesting, informative, and fun. Even though skills like being creative and communicating well are important, let's focus on the specific skills you need.
Writing Skills
Being great at writing is very important for a YouTube Video Scriptwriter. You need to know how to use words correctly, like grammar, punctuation, and sentences. This helps you develop scripts that are polished and meaningful, so people enjoy watching your videos.
Editing Skills
A good scriptwriter knows how to make their work better through editing. This means going back over what you wrote and improving it. You check if it makes sense, if it's not too long, and if the ideas flow well. Doing this helps make the script and video more interesting.
Read more: YouTube Explainer Videos: Ways to Make Money While Sharing Knowledge
Creativity and Storytelling
A special skill of a great scriptwriter is being creative. This helps you tell stories that grab people's attention. You can make videos that are captivating and leave a strong impression. Your stories should be engaging and memorable.
Video Making Skills
Even though you might not make videos yourself, it's good to know how videos are made. This helps you write scripts that work well when they're turned into videos. Knowing about filming, editing, and how videos are put together helps your scripts become great videos.
Research Skills
Excellent scriptwriters do thorough research. They find accurate information and facts to make the script better. Adding good research makes the content more interesting and reliable for the viewers.
Read more: How to Protect Your YouTube Channel from Getting Hacked
Knowing the Audience
A smart scriptwriter thinks about the people who will watch the video. This helps you write scripts that people will enjoy. When you know what your audience likes, you can make videos that really connect with them.
Being Able to Adapt
The world of YouTube changes a lot, so a good scriptwriter can change too. You keep up with new trends and what people like. You can write about different things and adjust to what's happening on YouTube. This helps you stay successful over time.
How to Learn Scriptwriting
Learning to write scripts can be a fulfilling creative pursuit. Here's a step-by-step guide with five detailed subheadings to help you get started.
Learning the Basics of Scriptwriting
Introduction to Scriptwriting: Familiarise yourself with the concept of scriptwriting. Understand that scripts are blueprints for films, TV shows, plays, and more.
Read more: YouTube Affiliate Marketing: Tips to build a successful channel
Script Formats: Learn the standard industry formats for different types of scripts, such as screenplays, teleplays, and stage plays. Study the layout, formatting, and conventions used in each format.
Exploring Storytelling and Structure
Story Elements: Gain a grasp of fundamental storytelling elements like plot, characters, conflict, and theme. Learn how these components work together to create engaging narratives.
Three-Act Structure: Study the three-act structure commonly used in screenwriting. Understand the setup, confrontation, and resolution phases of a story, and how they contribute to pacing and tension.
Character Development: Learn how to create well-rounded characters with distinct personalities, motivations, and arcs. Understand their role in driving the plot forward.
Read more: How to Increase YouTube subscribers for free?
US-Bangla announces holiday packages for the Maldives
US-Bangla Airlines has announced various holiday packages to explore the beauty of the island nation of the Maldives.
US-Bangla Airlines announced a two-night, three-day travel package starting at Tk 49,790 per person to enjoy the vastness of white sand and blue waters, according to a press release.
Also read: US-Bangla will be the first international flight to use new terminal of Chennai Airport
The airline operates flights on the Dhaka-Male route four days a week. Every Sunday, Tuesday, Wednesday, and Friday, a flight departs from Dhaka to Male, the capital of the Maldives, at 9:05 am and returns from Male to Dhaka at 1:25 pm, it said.
US-Bangla is offering various holiday packages with attractive facilities in different islands of the Maldives, especially the popular islands of Hulhumale, Maafushi, Paradise Island, Sun Island, Fihalhohi Island, and Huruvalhi Island with attractive facilities.
Also read: US-Bangla offers attractive Sylhet tour package
Travel packages are usually valid for two people. The package includes a Dhaka-Maldives-Dhaka return air ticket, including all taxes. Airport-Hotel-Airport transfer facility by speedboat. There are various facilities, including breakfast, said the release.
In addition to various islands, the minimum Tk 52,690 package at Unima Grand Hotel in Male, includes all the benefits of the package including Dhaka-Male return air ticket and airport transfer.
Full board packages are available at Villa Nautica in Paradise Island, including at Icom Marina Sea View, Hotel Arena Beach, Triton Prestige Hotel, Kani Grand, Kani Palm, and Triton Beach Hotel in Maafushi Island. Full Board Package at Villa Park in Sun Island including Domestic Flight with Hotel Transfer, and Full Board Package at Fihalhohi Island Resort, it also said.
Among the various packages, the fullboard package at The Standard Resort on Huruvalhi Island includes a transfer from Male to the island by seaplane. The minimum cost of the package is Tk. 214,090 per person, the release added.
Also read: US-Bangla resumes Dhaka-Bangkok flights September 1
Maldives packages will be valid from September 1 to October 28. There are package facilities for children, it said.
Chain of Command in Workplace and Business: Features, Advantages, Disadvantages
In the dynamic world of business and the ever-evolving workplace, maintaining structure and order is crucial. This is where the concept of chain of command comes into play. When discussing the concept of chain of command, we are essentially focusing on the hierarchical structure that outlines reporting relationships and communication channels within an organization. The organizational hierarchy is the backbone of the chain of command. This structure ensures that each employee knows their role, responsibilities, and who they report to.
What is the Chain of Command?
The chain of command signifies the hierarchical arrangement that governs the flow of authority and communication across an organization. It outlines the formal relationships between employees, from top-level management down to the frontline workers.
Each individual in the chain of command has a clear superior to report to. For example at the peak of the diagram, one would find the founder, owner, or CEO (Chief Executive Officer), with those who provide information to them situated directly under them. It creates a structured framework for decision-making and task delegation.
Read more: How to Make Money with AI for Beginners and Professionals
Features of Chain of Command
Hierarchical Structure
The chain of command plays a pivotal role in establishing a hierarchical structure. It fosters both order and clarity. This meticulously designed system outlines distinct levels of authority. It facilitates seamless communication and streamlined task allocation. Through this framework, responsibilities are clearly defined, leading to efficient workflow and effective collaboration.
Clarity
In a chain of command, roles, and responsibilities are intricately delineated. It leaves no room for ambiguity. This outlining ensures that each individual comprehends their exact position and contributions. The clarity empowers decision-makers with well-defined authority. It fosters alignment and cohesion across the organization through clear lines of command.
Decision-making
The chain of command accelerates the decision-making process by aligning decision authority with hierarchy. This approach curbs confusion and empowers leaders to make well-informed decisions.
This heightens the organization's agility and capacity to respond promptly to challenges and changes. The hierarchical structure ensures decisions are entrusted to individuals with the appropriate expertise, streamlining the decision-making procedure.
Read more: Career Networking Tips for Introverts
Accountability
The chain of command inherently improves a culture of accountability. Every member comprehends their role and recognizes their responsibility to those in higher positions.
This sense of ownership nurtures a dedication to excellence and performance. It becomes a driving force behind the organization's achievements. The hierarchical structure instills a shared commitment to maintaining high standards and contributing to the organization's success.
Feedback
The chain of command encourages a bottom-to-top flow of feedback. Junior members are provided a platform to communicate insights, express concerns, and present innovative ideas to their superiors. This exchange fosters a collaborative atmosphere. This nurtures a culture of ongoing enhancement and expansion. The organization benefits from a collective effort to improve and evolve.
Read more: Recession-Proof Your Career With Tech Skills
Advantages of Chain of Command in the Workplace
Efficient Communication
The chain of command optimizes communication pathways, guaranteeing the uninterrupted flow of information. Employees know their reporting superiors and know where to seek guidance. It facilitates efficient information exchange and eliminates potential bottlenecks.
This structure ensures that relevant information reaches the right individuals promptly. It enhances collaboration, decision-making, and operational efficiency.
Specialization
In the chain of command, employees direct their attention to specific tasks. This specialization cultivates a deeper level of expertise, resulting in specialized productivity. This proficiency drives operational efficiency and plays a vital role in the organization's expansion. A pool of specialized talents collectively contributes to its sustained growth and success.
Read more: Career Counseling: 10 Reasons you need a Career Coach
Clear Direction
Employees have directives within the chain of command. This eradicates any vagueness, serving as a compass for actions. The chain of command provides a clear roadmap that empowers individuals to execute tasks effectively. This guidance ensures seamless task performance and contributes to streamlined operations.
Stability
Stability contributes to a sound workplace atmosphere. It grants employees a clear understanding of both the organization's trajectory and their own roles within it. This sense of predictability nurtures a conducive environment for productivity. Also, employees navigate their responsibilities with a firm grasp of the organization's direction.
Productivity
Within a hierarchy, supervisors and managers cultivate intimate collaborations with their subordinates. It ensures an understanding of their roles. This involvement enables them to stay informed about ongoing tasks, enhancing accountability. As employees receive guidance toward achievement, their enthusiasm, and efficiency surge. This behavior yields heightened motivation and productivity levels.
Read more: Interview Anxiety: How to calm your nerves and avoid stress
BSEC sits with stock market stakeholders Thursday after drastic fall of share prices
The Bangladesh Securities and Exchange Commission (BSEC) will hold a meeting with the stock market-related stakeholders on Thursday to discuss the way of stabilising the market after a drastic fall of share prices.
According to the sources, the BSEC will meet with asset management companies and fund managers on Thursday at 10 am. BSEC Commissioner Mizanur Rahman will preside over the meeting.
Read: Companies that have not paid dividends yet will be penalised: BSEC Chairman
On the same day, the commission will meet with some banks, merchant banks, and brokerage houses at 11 am. The meeting will be presided over by BSEC Commissioner Dr. Sheikh Shamsuddin Ahmed.
Both meetings will discuss the overall situation of the market, sources said.
Read more: UNDP, BSEC join hands to develop SDG thematic bonds
Al-Arafah Islami Bank approves 15% dividend
The 28th Annual General Meeting (AGM) of Al-Arafah Islami Bank Limited has approved a 12 percent cash dividend and a 3 percent stock dividend for the year 2022.The decision came from the Board of Directors of the Bank held on Wednesday.
Also read: Al-Arafah Islami Bank opens branch in Chattogram's BoalkhaliChairman of the board Salim Rahman presided over the virtual meeting. Vice Chairman of the Board Abu Naser Mohammad Yeahea, Executive Committee Chairman Abdus Samad Labu, Executive Committee Vice Chairman Md. Abdus Salam, Risk Management Committee Chairman Liakat Ali Chowdhury, Board Audit Committee Chairman Mahbubul Alam, Members Abdul Malek Mollah, Hafez Md. Enayetullah, Ahamedul Hoque, Engr. Kh. Mesbah Uddin Ahmed, Md. Anowar Hossain, Nasir Uddin, Md. Rafiqul Islam, Anowar Hossain, Mahbub Ahmed, Md. Abdul Hamid Miah, Managing Director and CEO Farman R. Chowdhury, and a large number of Shareholders were present in the meeting.
Also read: Al-Arafah Islami Bank holds discussion on hajj with HAABCompany Secretary Mohammed Nizam Uddin Bhuiyan proposed the agenda in the meeting.
Also read: AIBL gets top sustainable bank recognitionThe bank achieved growth of 16.40 percent in deposits and 20.51 percent in investment in 2022 compared to 2021. Earnings per share (EPS) of the Bank stood at Tk1.90 in 2022. The House considered and adopted the directors' report, and statement of accounts for the year 2022 along with the auditors' report and also appointed the auditors of the Company for the term until the next AGM.
Prime Bank will invest in subsidiaries: DSE
Prime Bank Limited, listed in the capital market, will invest in subsidiaries in order to expand and diversify business.
The bank will collect investment funds through bond and share from the capital market.
The board of the private commercial bank has approved the decision, it said in a disclosure on the Dhaka Stock Exchange on Wednesday.
According to DSE, Prime Bank will provide 10 percent of the proposed digital bank's paid-up capital comprising 10 listed banks. The amount of which will be Tk12.50 crore. This decision will be effective subject to the consent of the concerned regulatory bodies.
Read: Prime Bank receives $50m from IFC to support trade, forex liquidity needs in Bangladesh
The banks are – The City Bank, Mutual Trust Bank (MTB), National Credit and Commerce Bank (NCCB), Dutch-Bangla Bank Limited, Eastern Bank Limited (EBL), Trust Bank, Pubali Bank, Prime Bank, and Midland Bank Limited. These ten banks are entrepreneurs of digital banks.
Ten private sector banks have taken the initiative to establish DG10 Bank Plc to reduce the use of cash currency and make transactions easier. The paid-up capital of the bank will be a minimum of Tk 125 crore.
In addition, Prime Bank will establish a subsidiary company to operate Mobile Financial Services (MFS). The paid-up capital of this company will be Tk 45 crore.
Read: Prime Bank launches real-time remittance service for Singapore, UK subsidiaries
Prime Bank will establish an asset management company with a paid-up capital of Tk 10 crore. The bank will also set up an asset management company to manage mutual and alternative investment funds.
Read more: GP partners with Prime Bank to empower SMEs