Dhaka, Dec 20 (UNB)- The Bangladesh’s multinational electronics brand, Walton fridges have been getting sound response in the Lebanese market for its world-class quality, lucrative design and affordable rates.
The local brand shipped out two shipments of power efficient inverter fridges to the Middle Eastern country Lebanon under the ‘OEM (Original Equipment Manufacturer).
Walton authorities said they were exporting Walton’s ‘Made in Bangladesh’ labeled products to different nations of Asia, Middle East and Africa regions. Now, they were initiating to export Bangladesh made electronics and electrical appliances to the markets of developed countries like Australia, America and Europe.
To this extent, they are going to manufacture the world’s latest technologies global models fridges at Walton Hi-Tech Industries Limited at Chandra in Gazipur. They added advanced technologies machineries and equipment to various departments like production, quality control, research and development department.
In addition, they are preparing a road map with long-term working plans to be one of the best global players in the international electronics markets.
Edward Kim, President of Walton’s International Business Unit (IBU) said “We greatly focusing on making a strong foot in the global market through setting up a target of bagging US$ 1 billion earnings from the export of various sorts of electronics and electrical appliances and spare parts.”
To meet this target, he said that they are trying to nurture brand presence in the international market through sustainable partnership with customers while focusing on OEM (Original Equipment Manufacturer) business to drive the business volume and also to enhance product quality management which is an assurance to the customers.
Dhaka, Dec 19 (UNB)- A workshop on ‘Effective Audit Conduction and Compliance in Islami Bank Bangladesh Limited’ was held recently at IBTRA Hall room in the city.
Islami Bank Training and Research Academy (IBTRA) organised the workshop.
Dr Md Zillur Rahman, Chairman of Audit Committee of the Bank addressed the program as chief guest while Helal Ahmed Chowdhury, Director was special guest.
Presided over by Taher Ahmed, Senior Executive Vice President, the program was also attended by Md Habibur Rahman and Md Raja Miah, Senior Vice Presidents and Habibur Rahman, Vice President of the Bank.
Executives and officials of internal control and compliance wing of the bank are attended the week-long workshop.
Dhaka, Dec 19 (UNB)- Al-Arafah Islami Bank Ltd (AIBL) has opened its 166th branch at Sarankhola upazila in Bagerhat district on Wednesday.
Former Chairman and current Director of the Bank Md Anowar Hossain formally inaugurated the branch as chief guest at a function chaired by its Managing Director and CEO, Farman R Chowdhury.
Sarankhola Upazila Chairman, Kamal Uddin Akand, Rayenda Union Parisad Chairman Asaduzzaman Milon, General Secretary of Rayenda Bazar Management Committee Mohammad Anowar Hossain, Principal of Rayenda Bazar Fazil Madrasa Maolana Abdul Jalil Anowari, Principal of Sarankhola Govt College Md Nurul Alam Fakir and Imam of Panchrasta Jame Mosque Mawlana Anowarul Karim were present there among others.
Tokyo, Dec 19 (AP/UNB) — SoftBank Group Corp.'s Japanese mobile subsidiary began trading on the Tokyo Stock Exchange on Wednesday in one of the world's biggest share offerings.
Five executives each rang a bell with a wooden hammer to celebrate the IPO that seeks to raise more than 2 trillion yen ($18 billion). They didn't speak at the ceremony but are expected to announce the first-day results at a news conference after the market closes.
Softbank shares fetched an initial price of 1,463 yen ($13.03) and by midmorning, slid further to 1,392 yen ($12), down 7 percent from the IPO price of 1,500 yen announced earlier this month.
The listing came just weeks after massive service outage attributed to a software problem, affecting a large number of customers. They were unable to text messages or make payments during the outage.
SoftBank is listing 1.6 shares, or about one third held by its parent company.
The IPO compares with some of the world's biggest. China's Alibaba Group raised about $20 billion when it went public in 2014, and Facebook raised $16 billion in 2012.
SoftBank Group's chief, Masayoshi Son, has also drawn investor concerns for his relations with Saudi Arabian Crown Prince Mohammed bin Salman after the killing of Saudi journalist Jamal Khashoggi.
About half of SoftBank Group's $100 billion Vision Fund investment money comes from the kingdom. The fund has been investing in solar projects and artificial intelligence.
The parent SoftBank wants to add cash for its investments not linked to Saudi Arabia.
It has invested in a range of companies globally, such as U.S. wireless company Sprint, British IoT company ARM and Chinese e-commerce Alibaba.
Softbank, which created the Pepper companion robot, was founded in 1986, as a software, broadband and fixed-line telecommunications company. It was the first mobile carrier to offer the Apple iPhone in Japan.
Dhaka, Dec 18 (UNB) – The current year’s annual financial accounting of the country’s scheduled banks will be closed on December 27 instead of December 30.
Bangladesh Bank took the decision following the general election scheduled for December 30, said a circular issued by the central bank’s its Offsite Supervision Department (OSD) on Tuesday.
However, the bank holiday will remain as usual on December 31, it said.