Dhaka, Jan 28 (UNB)- Grameenphone Ltd. registered a 3.4 percent annual growth after reporting a total of tk 132.8 billion as revenue in 2018.
Data revenue grew by 21 percent along with voice revenue growth of 6.6 percent in 2018. During the 4th quarter, total revenue grew by 7.7 percent.
Grameenphone Ltd. acquired 7.4 million new subscribers in 2018, registering 11.3 percent growth. The company also added 5.9 million internet subscribers; 51 percent of total subscribers of Grameenphone Ltd. are using internet services.
“In 2018, we delivered a strong business performance driven by excellent execution in the market. We launched 4G in Bangladesh in February and faced many challenges this year with a tough competitive environment and regulatory directives. We witnessed healthy growth in voice and data revenue” said Michael Patrick Foley, CEO of Grameenphone Ltd.
“Grameenphone Ltd. completed 2018 with a strong performance with efficiency and profitability. We recorded a healthy growth in subscriber base and corresponding usage. Throughout the year there was aggressive competition affecting data pricing, along with the implementation of unified tariff for voice”, said Karl Erik Broten, CFO of Grameenphone Ltd.
He added “With the growth potential of the market and our focus on operational efficiency, simplification, and driving value for our customers, we are optimistic in delivering profitable growth going forward.”
The Board of Directors of Grameenphone Ltd. have recommended 28 BDT per share for the full year 2018 dividend based on the decision taken at the Board Meeting held on 27 January 2019.
With this, the total cash dividend stands at 155% of paid up capital which represents 108% of Profit After Tax for the year 2018 (including 125% interim cash dividend).
The Shareholders as of the record date of 17 February 2019 will be entitled for this final dividend, which is subject to the Shareholders’ approval at the 22nd AGM to be held on 23 April 2019.
“There are many regulatory initiatives of significance currently in discussion phase for implementation during 2019. Some initiatives of note are the anticipated regulations on SMP (significant market power), Tower Sharing Licensing and Quality of Service.
We would like to reiterate our commitment towards meaningful consultations between industry and government that can enrich the industry service propositions further, which in-effect will facilitate the current economic growth momentum of the country,” said Michael Patrick Foley, CEO of Grameenphone Ltd.
Dhaka, Jan 27 (UNB)- Dhaka Central Zone of Islami Bank Bangladesh Limited (IBBL) organised an annual get-together and picnic with participation of the bank’s executives, employees and their family members at Nandan Park of Savar recently.
Md Mahbub ul Alam, Managing Director and CEO of the Bank attended the program as chief guest while Mohammed Monirul Moula, Additional Managing Director of the Bank addressed the program as special guest.
Presided over by Md Shafiqur Rahman, Senior Executive Vice President and Head of Dhaka Central Zone, JQM Habibullah FCS, Deputy Managing Director and Company Secretary, Md Obaidul Haque, Senior Executive Vice President, Mohammod Ullah, Executive Vice President and Head of Dhaka East Zone, Mohammad Jamal Uddin Mazumder, Executive Vice President, Md Aminur Rahman, President of Islami Bank Officers' Kolyan Samity and Senior Vice President, Md Shah Jahan, Senior Vice President of the Bank along with Head of Branches under Dhaka Central Zone were present on the occasion.
Dhaka, Jan 27 (UNB) - Regent Airways, one of the country’s private sector airlines, has launched its Mobile App, enabling customers to use their mobile devices to book flights and have their tickets issued.
Regent Airways Mobile App can be downloaded from iTunes or Google Play Store.
Salman Habib, deputy managing director, Regent Airways, formally launched the Mobile App at a press conference held at a city hotel on Sunday.
Hanif Zakaria, chief commercial officer, Sohail Majid, director marketing and sales of the airline were, among others, present.
“As a customer-focused Airline, we’re constantly working on offering user-friendly solutions to enhance overall experience of our customers and meet their ever-growing demands,” said Salman Habib. “I’m confident that our valued customers will find this newly introduced Mobile App with multiple features very user-friendly and useful.”
Using the App, the customers will be able to book their flights and have their tickets issued using their IOS or Android mobile devices.
The passengers will receive their tickets through their e-mails. Besides, they will be provided with updated flight schedule and various offers from the Airline.
Regent Airways started its journey on November 10, 2010.
Dhaka, Jan 26 (UNB)- Around 1000 models of 100 sorts of appliances and accessories are available at the premier pavilion of the countries electronics giant ‘Walton’ in the ongoing month-long Dhaka International Trade Fair (DITF)- 2019.
Many of them like locally made compressors, smart phones, elevator or lift, plastic and chemical components, smart air conditioners with voice or echo controlled operation are newly added to the existing products list of Walton.
Along with the consumer electronics and electrical appliances, Walton is showcasing various sorts of industrial solutions like plastic mould, die, LGP, LDP, nut, bolts, screws, plastic and chemical components, electric components, mechanical components, hot melt adhesive etc.
These products are the basic raw materials of various sorts of electronics and electrical appliances. Walton is now manufacturing these products at its own factory to meet the requirement of basic raw materials for its produced fridges, televisions, air conditioners and other sorts of appliances and thus they are going to export industrial solutions after meeting their internal demands.
Md Humayun Kabir, executive director (PR & Media) of Walton Group, said such a large number of appliances and models have been displayed at Walton Pavilion so that the buyers can pick up their all desired products from one place.
This year, they are displaying and selling out LGP, LDP, master batch, aluminum foil tape, various sorts of plastic and still components as fresh products in this year’s DITF, he added.
Centering the beginning of DITF and New Year, Walton has brought a good number of new models of appliances, including IoT based smart fridges and air conditioners, ionizer technology’s air conditioners that will flow fresh air in the room, seventh generation laptop that is powered by core-i 5 processors.
Along with the existing products, the local brand is also displaying some upcoming models of its various products, including the quantum dot plus technology’s 43-inch SpectraQ TV with highest colour ratio, news models of 55, 65 and 98-inch big screen LED televisions, cassette and ceiling type air conditioners of 3.75 tons, surface panel lights, flood lights, smart lights, pedestal fans etc.
Md. Shafiqul Alam, in-charge of Walton Pavilion, said, they are displaying 103 models of frost and 23 models of non-frost refrigerators, 16 models of freezers and 2 models of beverage cooler; 78 models of LED and 26 models of Smart TV, 8 models of Washing machine, 22 models of rice cooker, 12 models of microwave and 3 models of electric ovens; 15 models of ceiling fans, 8 models of wall fans, 6 models of table fans, 12 models of pedestal fans; 8 models of electric kettle and several hundreds of models of various home, kitchen and electrical appliances at the ground floor of the pavilion.
At the first floor, 14 models of split AC, 2 models of cassette and ceiling AC, 2 models of diesel-run and 19 models of gasoline-run generators, 23 models of laptop, 13 models of desktop computer, 2 models of monitor, 20 models of smart phones, 19 models of feature phones and various accessories like keyboard, mouse, pen drive etc.
Dhaka, Jan 23 (UNB) – The four-day 15th Dhaka International Yarn & Fabric Show-2019 (Winter Edition) started on Wednesday at the International Convention City (ICCB) in the capital.
Commerce Minister Tipu Munshi inaugurated the event organised by CEMS Global and the Sub-Council of Textile Industry (CCPIT TEX), China.
Federation of Bangladesh Chambers of Commerce and Industry President Md Shafiul Islam, Bangladesh Garment Manufacturers and Exporters Association President Md Siddiqur Rahman, Bangladesh Knitwear Manufacturers and Exporters Association first Vice-President Mansoor Ahmed, among others, were present.
Tipu Munshi lauded the private sector for coming forward to help Bangladesh be hunger and poverty-free. He said Bangladesh had already been recognised as a lower middle income country in the World Bank assessment.
“The per capita income is now $1,754. The contribution of the industrial sector to the national growth has been increasing. Considering purchasing power, Bangladesh is now the world's 32nd largest economy,” he said.
Minister Tipu said 81.23% of the total revenue came from the garments sector in the last fiscal year. “The government is working relentlessly to generate more than $50 billion revenue annually from this sector by 2021,” he said.
A total of 370 international exhibitors from over 22 countries are presenting their up-to-date fabrics, which are ready-to-use for garment, accessories, industrial use and other various applications at the exhibition.
The expo is open for all from 10:30am to 7:30pm from January 23-26.
This year’s expo is taking place along with two concurrent exhibitions titled 3rd Dhaka International Denim Show 2019 – Winter Edition, and 35th Dye and Chem Bangladesh 2019 International Expo - Winter Edition from January 23 to 26.