Dhaka, Dec 11 (UNB)- Al-Arafah Islami Bank Ltd (AIBL) on Monday opened its 165th branch at Elenga of Tangail district.
Chairman of Audit Committee of the Bank Amir Uddin formally inaugurated the new branch as Chief Guest at a function chaired by Managing Director and CEO Farman R Chowdhury.
Vice President and Head of Public Relations Jalal Ahmed moderated the programme, said a press release.
Executive Vice President and Zonal Head of Dhaka North Zone Md Monjurul Alam delivered the welcome speech in the programme where, Executive Vice President of the Bank Engr. Md Habib Ullah, prominent businessmen Manjurul Kader Babu and Abdul Halim Sarkar also addressed the function.
Md Amir Uddin said the AIBL was established not for making profit by doing business but for the welfare of society.
Managing Director and CEO of the Bank Farman R Chowdhury explained various statistics of the Bank.
Tokyo, Dec 11 (AP/UNB) — A Tokyo court ruled Tuesday that Nissan Motor Co.'s former chairman, Carlos Ghosn, and another executive will remain in custody through Dec. 20, more than a month after their arrest. Their detention could continue for months more under the Japanese legal system.
Ghosn's lawyer filed a protest with the court against the prolonged detention, the Tokyo District Court said.
The court decision comes a day after Ghosn, fellow Nissan executive Greg Kelly and Nissan Motor were charged with violating financial laws by underreporting Ghosn's pay by about 5 billion yen ($44 million) in 2011-2015. They were arrested on Nov. 19 and are being held at a Tokyo detention center.
The extension of their detention is to allow time for investigation into additional allegations prosecutors issued Monday, against Ghosn and Kelly, of underreporting another 4 billion yen ($36 million) in 2016-2018.
The arrest of the man credited with saving Nissan when it was on the verge of bankruptcy two decades ago has stunned many and has raised concerns over the Japanese automaker and the future of its alliance with Renault SA of France.
No trial date has been set, as is routine in Japan. Prosecutors can add more allegations to extend detention, and it remains unclear when Ghosn and Kelly might be released.
The prosecutors say they consider Ghosn and Kelly flight risks.
Ghosn's legal team has not issued an official statement, but those close to him have said he is asserting innocence. The office of Motonari Ohtsuru, one of the lawyers, declined comment, saying he was not there.
The U.S. lawyer for Kelly, Aubrey Harwell, has said his client insists he is innocent and that Nissan insiders and outside experts had advised him that their financial reporting was proper.
The maximum penalty for violating Japan's financial laws is 10 years in prison, a 10 million yen ($89,000) fine, or both. The conviction rate in Japan is over 99 percent.
Nissan has said an internal investigation found three types of misconduct: underreporting income to financial authorities, using investment funds for personal gain and illicit use of company expenses.
Nissan, as a legal entity, was also charged Monday. Nissan is not under supervision or being monitored, although it is cooperating with the prosecutors' investigation, according to company spokesman Nicholas Maxfield. Nissan said in a statement that it takes the indictment "extremely seriously." It promised to strengthen its governance.
Helsinki, Dec 10 (AP/UNB) — A Swedish think tank said Monday that Russia has emerged as the world's second-largest arms producer after the United States. Russia surpassed Britain, which had held that spot since 2002 and remains Western Europe's No. 1 arms maker.
The Stockholm International Peace Research Institute said in its annual report on the world's 100 biggest armaments groups that the combined arms sales of Russian companies amounted to $37.7 billion in 2017, an 8.5 percent rise from a year earlier. Russia's sales accounted for 9.5 percent of a worldwide total of $398.2 billion.
The report includes both domestic and foreign sales around the globe, but doesn't include Chinese companies because of unreliable statistics, the institute said.
Siemon Wezeman, a senior researcher at the institute, said Russian producers of arms and weapon systems have been on a significant growth path since 2011.
"This is in line with Russia's increased spending on arms procurement to modernize its armed forces," Wezeman said.
For the first time in the report's history, a Russian company — the Moscow-based and state-owned Almaz-Antey that makes advanced air defense systems among other things — was listed among the world's top 10 weapons companies.
The report noted Russia started an initiative to consolidate its arms industry in 2007, a process that is expected to be completed soon.
Overall, the U.S. continued to dominate the list with 42 companies accounting for 57 percent of total sales, including the world's largest arms producer, Lockheed Martin Corp.
As a notable development, the report highlighted a 24 percent rise in sales by Turkish arms companies in 2017 from the preceding year. That reflected "Turkey's ambitions to develop its arms industry to fulfill its growing demand for weapons and become less dependent on foreign suppliers," senior researcher Pieter Wezeman said.
Dhaka, Dec 9 (UNB) - Local handset brand ‘Walton’ has launched its new smartphone Primo EF8 which will be the most affordable full-view display 4G handset.
The regular price of the smartphone is Tk 4,999. However, Walton provides Tk 300 cashback on the ‘Made in Bangladesh’ smartphone which means customers will get it at Tk 4,699 only, said a press release on Sunday.
The 4G network-supported dual SIM smartphone comes in three attractive colours of Marine Blue, Black and Golden and is available at all Walton Plaza, brand and retail outlets across the country.
It sports a 4.95-inch display with 18:9 aspect ratio and bears BSI 5MP cameras on both sides with LED flashes and a set of attractive camera features, including Face detection, Face beauty, Digital zoom, Self-timer, Time lapse, Slow motion, Night mode, HDR and Panorama.
Powered by a 1.40 GHz Quad Core processor, 1GB DDR3 RAM and Mali-T820 as GPU, the handset features 8GB internal storage that is expandable up to 32 GB via SD card.
The phone runs on Android Oreo 8.1 (Go Edition) and features a 2050 mAh li-ion battery for sufficient power backup.
Asifur Rahman Khan, Chief of Walton Cellular Phone Sales Department, said the handset has been manufactured at their own plant in Chandra of Gazipur.
Dhaka, Dec 8 (UNB) – Terming Walton as a pride of Bangladesh, notable speakers said
Walton products are available in many countries around the world as well as the company has set up an example of awesome success.
They made the remarks at the unveiling ceremony of the first ‘Made in Bangladesh’ labeled flagship smart phone of Walton at its corporate headquarters in the capital on Wednesday.
Tying up a marketing collaboration with the country’s leading telecom service provider Grameen Phone (GP), Walton opened the pre-booking option for its newly produced flagship smart phone ‘Primo X5.’
The interested buyers can make a pre-order in the outlets of both the companies.
At the event, Grameen Phone offered that their subscribers will enjoy free 6GB internet on the purchase of Primo X5.
Along with GP, Walton also offered a gift vouchers worth of Tk 3,000 and some other benefits.
Addressing the event, GP’s Deputy CEO Yasir Azman said that he witnessed the presence of Walton in every corner of the country.
“I am lucky to visit various sorts of factories in abroad. But, I was impressed on Walton Walton Hi-Tech Park while I visited there last month. It was beyond my imagination that there is a giant IoT devices and electronics appliances manufacturing unit like Walton in Bangladesh.
Walton’s factory is more advanced and bigger than those overseas factory, which I visited,” he said.
“Walton is our pride in Bangladesh,” he noted.
GP’s Head of Device Sarder Showkat Ali said, today will be a historical day in Bangladesh as Primo X5 like flagship smart phone is generally produced by the overseas brand. But, Bangladeshi brand Walton is now manufacturing and marketing international standard and high-configured flagship smart phones.
Along with the GP’s official, Walton Group’s Directors SM Ashraful Alam, SM Mahbubul Alam and Tahmina Afrose Tanna, Walton Digi-Tech Industries Limited Managing Director SM Monjurul Alam and Head of Walton Cellular Phone S M Rejoan Alam unveiled the flagship smartphone.
Priced at only Tk 24,999, the Primo X5 is opened for pre-order. Customers can pre-book the handset depositing only Tk 2,500 from all Walton Plaza, brand outlets, Grameenphone sales channel My GP and online shop Wowbox and will get gift vouchers worth of Tk 3,000 by which they can purchase products from Walton outlets. In addition, Grameenphone subscribers who will buy and insert their SIM card on the handset will immediately get 6 GB data free. They can also buy additional 4 GB internet at 99 BDT only for maximum 30 times in next 3 months.
Customers will enjoy instant replacement warranty for 30 days along with 1.5-year service warranty for the pre-bookers which they can avail from home.
The premium metal frame designed smartphone features a 5.99-inch full-view IPS display with the screen regulations of 2160X1080 pixels. It sports 64-bit 2GHz Octa-core processor, Mali-G-71 GPU, 6 GB LPDDR4X RAM, 64 GB internal storage with expandable memory up to 256 GB.
The Blue color handset features 13 and 5 mega pixel dual rear cameras along with another 16 MP front camera with LED flash on both sides. Operated by Android 8.1 Oreo, it sports 3450 mAh battery for whole day power back-up.
The 8.4mm thin dual SIM 4G network supported smartphone has face unlock, fingerprint scanner, OTG, separate SD card slot features.