Dhaka, Feb 24 (UNB) - Huawei won the ‘Market Development Award’ at the GTI Awards Ceremony in Barcelona GTI for its outstanding performance in the 5G commercial market.
In 2018, 5G technical testing and pre-commercial verification were launched worldwide. With long-term investment and deep accumulation in 5G technology and standards, Huawei has kept up closely with the 3GPP standards pace and has released its 5G end-to-end pre-commercial solutions including core network, transport network, wireless network, 5G LampSite and 5G CPE.
In the cities of Hangzhou, Shenzhen, Seoul, Milan, and Berlin, Huawei has launched trial networks and continuous outfields, showing that Huawei's technology is 12 to 18 months ahead of other companies in the industry.
Up to now, Huawei has cooperated with more than 50 business partners worldwide in 5G commercial use, ranking first in the number of partners that it works with. The company has also obtained the largest number of 5G commercial contracts (30+) in the world. In addition, Huawei has delivered over 40,000 5G base stations for commercial use globally.
In cities such as Hangzhou in China and Seoul in South Korea, Huawei is deploying thousands of sites to comprise continuous 5G massive MIMO coverage, with an average experience rate over 1 Gbps, which lays the foundation for abundant large bandwidth and low latency services.
In 2019, more intensive 5G pre-commercial testing and commercial deployments will occur around the globe. Together with GTI, Huawei will work with global partners to promote and accelerate the maturity of the 5G end-to-end industry and promote 5G scale commercialization, so that the excellent experience brought by 5G will benefit more consumers and industries.
Washington, Feb 23 (AP/UNB)— U.S. and Chinese negotiators agreed Friday to extend high-level trade talks through the weekend, and President Donald Trump said he hoped to meet next month at his Florida resort with President Xi Jinping to try to finalize an agreement.
The news followed two days of negotiations in Washington aimed at resolving a trade war that has rattled financial markets and threatened global economic growth.
"We're making a lot of progress," Trump told reporters at the White House. "I think there's a very good chance that a deal can be made."
Treasury Secretary Steven Mnuchin said the negotiations, which had been scheduled to conclude Friday afternoon, would continue through Sunday. The Chinese delegation is led by Xi's special envoy, Vice Premier Liu He, the American team by Trade Representative Robert Lighthizer.
Trump had originally warned that he would escalate the tariffs he has imposed on $200 billion in Chinese imports, from 10 to 25 percent, if the two sides failed to reach a deal by March 2. But in recent days, and again on Friday, he raised the possibility of extending that deadline if negotiators were nearing an agreement.
The world's two biggest economies are sparring over U.S. allegations that Beijing uses predatory tactics in a drive to make Chinese companies world leaders in such advanced industries as robotics and driverless cars.
Those tactics, the Trump administration argues, include cyber-theft, unfair subsidies for state-owned Chinese companies, the use of regulations to hobble China's foreign competitors and pressure on American companies to hand over technology in exchange for access to the Chinese market.
The administration contends that Beijing has repeatedly failed to live up to its past commitments to open its markets and to treat foreign companies more fairly.
The president has imposed 25 percent tariffs on $50 billion in Chinese imports and 10 percent tariffs on $200 billion worth. The latter grouping would face the 25 percent tariffs, too, if no agreement is reached.
Beijing has lashed back with import taxes of its own on $110 billion in U.S. goods. These tariffs are heavily aimed at soybeans and other agricultural products in an effort to pressure Trump supporters in the U.S. farm belt.
On Friday, the president and his advisers provided few details on this week's negotiations. Trump did say the two sides had reached some agreement on currency manipulation but offered no specifics. The administration has worried that Beijing would blunt the impact of Trump's sanctions by manipulating its currency down to give Chinese companies a competitive edge in international markets.
Trump said both sides want to "make this a real deal."
"We want to make it a meaningful deal," the president said, "not a deal that's done and doesn't mean anything. We want to make this a deal that's going to last for many, many years and a deal that's going to be good for both countries."
Trump raised the possibility that the U.S. will drop criminal charges against Chinese telecommunications giant Huawei, saying the issue would be discussed with Attorney General Bill Barr and U.S. attorneys.
The U.S. has charged Huawei with lying about violating sanctions against Iran and with stealing trade secrets.
Asked about Huawei before the Oval Office meeting with Liu, Trump said that a decision on Huawei is pending, but "right now, it's not something we're discussing."
After Trump appeared with Liu, Agriculture Secretary Sonny Perdue announced that Beijing had agreed to buy 10 million metric tons of American soybeans, tweeting: "Hats off to @POTUS for bringing China to the table."
China's soybean tariffs have squeezed many American farmers. In the first 10 months of 2018, U.S. soybean exports to China dropped to 8.2 million metric tons from 21.4 million metric tons a year earlier — a 62 percent freefall, according to the Agriculture Department.
In front of Liu and the press corps, Trump ridiculed members of his own trade team for using the term "memoranda of understanding," or MOU, to describe the agreements they were working out with the Chinese.
"You either make a deal or you're not," Trump said. "To have these other agreements doesn't mean anything because they're not that meaningful in my opinion." Lighthizer at first defended the acronym, describing MOUs as binding contracts, then made light of the rebuke and vowed never to use the term again.
The U.S.-China conflict has rattled markets. It has also fanned uncertainty among businesses that must decide where to invest and whether Trump's tariffs — which raise the cost of imports on the target list — will last long enough to justify replacing Chinese suppliers with those from countries not subject to the tariffs.
The International Monetary Fund, the World Bank and the Organization for Economic Cooperation and Development have all downgraded their forecasts for the global economy, citing the heightened trade tensions.
The Chinese economy, in particular, is decelerating: The IMF expects China to record 6.2 percent growth this year, down from 6.6 percent in 2018.
"The Chinese economy is definitely hurting right now," said Timothy Keeler, partner at the law firm Mayer Brown and former chief of staff for the Office of the U.S. Trade Representative. "There's a lot of leverage for the U.S."
Myron Brilliant, head of international affairs at the U.S. Chamber of Commerce, said the two countries have yet to bridge their differences over nettlesome issues such as the forced technology transfer. He said the chamber wants to see an end to the tariffs between Washington and Beijing. But he also said American businesses are demanding a deal that would produce lasting improvement in Chinese trade practices.
"We simply can't go back to business as it was before," Brilliant said. Beijing, he said, has "got to deliver the goods."
Dhaka, Feb 22 (UNB) - Dhaka Chamber of Commerce and Industry (DCCI) President Osama Taseer on Friday urged the government to investigate the catastrophic Chawkbazar fire incident immediately and take necessary measures.
“This kind of catastrophic fire incident is not new to us. We also experienced the same incident back in 2010 at Nimtoli of Old Dhaka. But adequate measures were not taken after that tragic fire incident,” he said on behalf of the DCCI Board of Directors.
The DCCI chief expressed deep shock and condolence at the unexpected loss of 67 lives in the devastating fire incident in historic traditional business hub Chawkbazar area on Wednesday.
Osama Taseer said if they fail to come to a specific solution acceptable to all stakeholders through discussions, this type of unpleasant happening may occur again.
He paid a visit to the affected area in person to express his deep solidarity with the injured and members of the bereaved families.
DCCI Senior Vice President Waqar Ahmad Chodhury, Vice President Imran Ahmed, Directors Alhaj Deen Mohammed and Hossain A Sider were present during the visit, said a DCCI press release.
The DCCI chief said mere government’s effort is not enough but awareness among the businessmen and mass people of that region is mostly important to bring about a permanent solution.
“Since, chemical and its allied products are seriously combustible substances, therefore its handling, business and warehousing system should be maintained in a planned manner,” he said.
Dhaka, Feb 20 (UNB)- Islami Bank Bangladesh Limited (IBBL) held a business development conference for agent banking at a hotel in the city on Wednesday.
Professor Md Nazmul Hassan, PhD, chairman of the bank inaugurated the daylong conference as chief guest while Md Shamsuzzaman, additional managing director presided over it.
Mohammad Ali, Abu Reza Md Yeahia and Hasne Alam, Deputy Managing Directors, Taher Ahmed and Md Obaidul Haque, Senior Executive Vice Presidents of the bank addressed in the program.
Md Mahboob Alam, Executive Vice President and Head of Agent Banking Division addressed welcome speech.
Md Yeanur Rahman, Head of Dhaka South Zone, Mohammod Ullah, Head of Dhaka East Zone, Mohammad Jamal Uddin Mazumder and Abul Faiz Muhammad Kamaluddin, Executive Vice Presidents, Md Abdus Salam, Head of Barishal Zone and Dr Muhammad Solaiman, Head of Mymensingh Zone were present in the program.
Head office executives and proprietors of agent banking outlets under Dhaka South, Dhaka East, Barishal and Mymensingh Zones of the Bank attended the conference.
Dhaka, Feb 20 (UNB) - Walton is offering 100 percent cash back on all models of its LED and smart televisions in February to mark the ‘Month of Language.’
The offer will be continued till the end of this month.
Under this offer, a large number of customers got 100 percent cash back through purchasing the local brand’s televisions in this month.
Besides, customers of Walton televisions are getting cash vouchers of different values while registering their televisions just after the purchase from any Walton plazas or distributors outlets all over the country.
In addition, customers are enjoying free home delivery and 5 to 10 percent discounts on the online purchase of Walton televisions from E-Plaza.
Meanwhile, the local brand also reduced the prices of some models of LED and smart televisions. Prices of Walton 32-inch LED and smart televisions were reduced by Tk 300 to Tk 17,500 and Tk 23,500 respectively.
Walton reduced the prices of its 39-inch and 43-inch smart televisions by Tk 1,000 to Tk 33,900 and Tk 36,900 respectively. Now, prices of Walton 49-inch and 55-inch smart TVs were set at Tk 65,900 and Tk 69,900 respectively.
This year, Walton released two new models of 43-inch televisions. Price of the one of the new models, featured with metal cashing, dolby digital sound, high contrast ratio and slim design, was set at Tk 44,900 while the price of the another new model, featured with next generation quantum dot plus technology’s Spectra QTV set at Tk 65,900.
Walton brand’s smart television is featured with ‘Android 7’ operating system, 1GB RAM and 8GB Built-in memory.
The online customers are enjoying 8 percent discounts on 55 and 49-inch smart TVs and 5 percent discounts on 43,39 and 32-inch smart TVs.
After reducing the prices of LED TVs, Walton set the new prices of 20-inch at Tk 11,900; 24-inch at Tk 12,990; 28-inch at Tk 16,900; 39-inch at Tk 28,900; 43-inch at Tk 33,900; 49-inch at 49,900 and 55-inch at Tk 59,900.
Walton is now offering 6-month replacement warranty for television panel, and two years warranty for panel and spare parts as well as free after sales of services for five years.