Dhaka, Jan 22 (UNB)- The electrical and electronics giant ‘Walton’ has congratulated the Prime Minister Sheikh Hasina on her unprecedented victory for third consecutive term in the last parliamentary election.
On behalf of Walton family, Directors of Walton Hi-Tech Industries Limited (WHIL) Tahmina Afrose Tanna and Raisa Sigma Hima greeted the PM with flowers at Ganabhaban in the capital on Monday.
The Prime Minister thanked Walton for its remarkable contribution in flourishing the electronics and electrical manufacturing industry, expediting the country’s industrialisation process, creating employment and above all improving the socio-economic condition.
Among others, WHIL’s chairman SM Nurul Alam Rezvi, Vice-Chairman SM Shamsul Alam, Director SM Rezaul Alam and Operative Director Sharif Harunur Rashid were also present there.
United Nations, Jan 22 (AP/UNB) — The global economy will grow around 3 percent annually in 2019 and 2020, but waning support for multilateralism, escalating trade disputes, increasing debt and rising climate risks are clouding prospects, the United Nations said Monday.
The U.N.'s report, the World Economic Situation and Prospects 2019, said signs suggest that the economic growth spurt "has peaked," forecasting that global growth will remain steady at just below the 3.1 percent expansion of 2018.
But the report also stressed that economic growth is uneven and often doesn't reach poorer nations. Per capita income is expected to stagnate or see only marginal growth this year in parts of Africa, western Asia, Latin America and the Caribbean, it said.
While economic indicators remain "largely favorable," U.N. Secretary-General Antonio Guterres said the report "raises concerns over the sustainability of global economic growth in the face of rising financial, social and environmental challenges."
"Global levels of public and private debt continue to rise," the U.N. chief said in the foreword. "Economic growth is often failing to reach the people who need it most. The essential transition towards environmentally sustainable production and consumption is not happening fast enough, and the impacts of climate change are growing more widespread and severe."
Guterres said one overarching message is clear: While short-term challenges need to be addressed it's critical to advance long-term U.N. goals including combatting poverty and preserving the environment. This requires nations working together to tackle climate change, mobilize funds to promote development and redress inequality, he said.
The 218-page report was produced by the U.N. Department of Economic and Social Affairs, the U.N. Conference on Trade and Development and the U.N.'s five regional economic commissions.
The report was issued on the same day that the International Monetary Fund cut its growth forecast for 2019 to 3.5 percent from a prediction of 3.7 percent in October, citing heightened trade tensions and rising interest rates. And China, the world's second-largest economy, said its economic growth slowed to 6.6 percent in 2018, the weakest since 1990.
Explaining the higher IMF forecast, Dawn Holland, chief of the U.N.'s Global Economic Monitoring Branch, said the U.N. and the IMF use different methodologies. The IMF gives more weight to rapidly growing countries like China and India and to developed economies, "which means that the average is about 0.5 percent higher" than the U.N. average, she said.
The U.N. forecasts that China's economic growth will slip to 6.3 percent in 2019. Holland said this largely reflects China's longer-term shift "towards a more sustainable path which includes an increase in domestic demand, in consumption, offsetting slower growth in investment and export-driven growth."
For the United States, the world's largest economy, the U.N. is forecasting that economic growth will decrease from 2.8 percent in 2018 to 2.5 percent in 2019 and 2 percent in 2020. For the European Union, it projects growth will remain steady at the current annual rate of 2 percent through 2020.
According to the report, several major commodity-producing countries are expected to see a moderate pick-up in economic growth in the next two years, from relatively low bases.
Growth in Russia, a major oil exporter, is predicted to drop from 1.5 percent in 2018 to 1.4 percent in 2019 but then rise to 2.1 percent in 2020. Brazil, which exports soybeans, iron ore, sugar and oil, is forecast to see 2018 growth of 1.4 percent rise to 2.1 percent in 2019 and 2.5 percent in 2020. Nigeria, also an oil exporter, is forecast to increase economic growth from 1.9 percent in 2018 to 2.1 percent in 2019 and 2.7 percent in 2020.
Dhaka, Jan 21 (UNB) – After national flag carrier Biman Bangladesh Airlines, Novoair has been included in the world’s safe airlines list, the first by any private airlines of Bangladesh making its way into it.
Quoting airlineratings.com, Australia-based International Aviation Safety Rating Agency, Novoair on Monday said it received three-star ratings for ensuring passengers' safe travel.
Biman, from the same rating agency, achieved five stars out of seven in terms of air safety as it has been able to meet most of the major parameters regarding safety concern.
The rating agency prepared the safety ratings following data analysis of 405 airlines authorities’ with 12 categories.
The airlines said it is also the only private sector airlines from Bangladesh which has both European safety agency-EASA and Federal Aviation Authority (FAA) of USA endorsement.
In a statement, Novoair said it has always given priority to its customers’ safety, security, comfort and on time departure.
“By ensuring Safety and on time service, Novoair has earned trust and satisfaction of its passenger and become the Airline of choice in Bangladesh,” it reads.
Currently, Novoair operates daily flights from Dhaka to Chattogram, Cox's Bazar, Jashore, Sylhet, Saidpur, Barishal, Rajshahi and Kolkata with six ATR 72-500 aircraft.
Dhaka, Jan 21 (UNB)- Islami Bank Bngladesh Limited (IBBL) inaugurated its new branch at Kashipur area of Madhabdi upazila in Narsingdi district on Sunday.
Md Mosharraf Hossain Pradhan, Mayor of Madhabdi Municipality inaugurated the branch as chief guest.
Abu Reza Md Yeahia, Deputy Managing Director of the Bank addressed the program as chief discussant.
Presided over by Mohammod Ullah, Executive Vice President and Head of Dhaka East Zone, Md Golam Mostafa, Vice President and Head of Madhabdi Branch addressed welcome speech on the occasion.
Md Moniruzzaman Bhuiyan and Chandan Kumar Saha, business persons, Jashim Uddin Bhuiyan, President of Madhabdi Press Club, Noor Mohammad, former chairman of Kathalia Union Parishad addressed the program.
Dhaka, Jan 20 (UNB) - A five-member delegation representing Bangladesh business sector led by FBCCI Senior Vice President Sheikh F. Fahim attended this year’s ‘Vibrant Gujarat Global Summit 2019’, a highly successful annual showcase meant chiefly to attract investment to the prosperous North Indian state.
Organized by the Gujarat Provincial Government, the three day summit concluded on January 20, 2019. Indian Prime Narendra Modi, who initiated the Vibrant Gujarat series during his 13-year stint as the state’s chief minister, returned to inaugurate this year’s summit on Friday.
Prime Ministers from five countries and cabinet members from 15 different countries took part in the inaugural ceremony. Some 20 national chambers of commerce, spanning countries from Saarc, Asean, EU, Australia and Africa sent delegations.
Sheikh Fahim made a presentation on ‘Political -Economic Development of Bangladesh 2009-2018 and Vision 2041 of FBCCI’ during a session on the third day.
Fahim, managing director of Obsidian Bangladesh Ltd, also highlighted the significant transformation of Bangladesh into a technology and knowledge based economy with over 7.68% GDP growth.
The FBCCI leader also briefed about the private sector’s role in the fast growing development process of Bangladesh. Plus of course, the FBCCI’s Vision 2041was held up as well.