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Shakib’s signature S#75 color coming soon on OPPO F21s Pro
Allrounder Shakib Al Hasan has launched his signature S#75 color only available on OPPO F21s Pro which will be released in market on October5.
S#75 color combination is an embodiment of Shakib’s personality traits. The color mélange S#75 by Shakib Al Hasan tells the story of a man who not only talk the walk, but also walk the talk.
Each color of the S#75 represents a typical moment that inspires Shakib - the shade of green from the training ground, the shade of gold from the trophy, the shade of pink from the love of his fans, all of which together form a complete his story.
Read Shakib Al Hasan shines in Caribbean Premier League
The color combination in the OPPO F21s Pro was brought to life using OPPO’s signature OPPO Glow Design technology – the brand’s own specialized production method that renovates a piece of ordinary glass to the glossy back case.
Shakib Al Hasan said, “Different people have different way of getting inspired. This new design of the OPPO F21s Pro recognizes that difference and will inspire the smartphone users in Bangladesh to explore the multiverse of possibilities within them.”
Damon Yang, Managing Director of OPPO Bangladesh Exclusive Distributor, said, “Shakib Al Hasan is an inspiration to the people of Bangladesh, because of his multiverse of cricketing talents. Just like Shakib, OPPO believes that people need something that will inspire them and help them customize their inspiration so that they can achieve their dreams”.
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Eggs, meat can be sold at lower prices if govt provides policy support: FBCCI
Leaders of the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) today said that eggs and meat can be provided at lower prices if the government extends policy support.
The apex trade body leaders said, “Entrepreneurs demand policy support to the livestock, poultry and fish farmers like the agriculture sector enjoys.”
The demand came in the first meeting of the FBCCI Standing Committee on Livestock, Poultry and Fisheries, held in the federation building in Dhaka on Saturday.
“Poultry, cattle farms, fish and shrimp farms have to pay electricity bills at commercial rates pushing up the production and operating costs. With policy support equal to the agricultural sector, it will be possible to meet the protein needs at affordable prices,” they pointed out.
Speaking as the chief guest, FBCCI President Md. Jashim Uddin said the government should provide utilities at a special rate to livestock farms.
Ease of doing business: 5-year trade licence proposal gets commerce ministry nod
The commerce ministry has accepted the proposal of Business Initiative Leading Development (BUILD) for issuing trade licences for at least five years instead of one year to improve the ease of doing business.
The think-tank came up with the proposal at its ninth Trade and Investment Working Committee meeting in Dhaka Wednesday, according to a media statement.
Tapan Kanti Ghosh, senior secretary at the commerce ministry, and Md Saiful Islam, President of the Metropolitan Chamber of Commerce and Industry co-chaired the meeting.
Build CEO Ferdaus Ara Begum said they had studied the City Corporation Ideal Tax Schedule 2016 and Municipal Taxation Rules and found no legal bar for issuance of trade licences for five years.
Mohammed Nora Alam Siddique, joint secretary at the Local Government Division, said it could be implemented for municipalities and city corporations. "However, we need to review if union parishads can issue it under its present status."
Saiful called for introducing NID as the singular document for trade licence issuance following global practices.
Referring to Build's study "Improved Business Environment and Simplification of Company Registration Process, the think-tank's Chairperson Nihad Kabir suggested formulating a policy for availing certified copies from the Registrar of Joint Stock Companies and Firms.
The fill-up process of model articles of association (AoA) and memorandum of association (MoA) can be simplified to make the company registration process business-friendly, she added.
‘World investor week’ to be observed to raise awareness about investors’ protection
Bangladesh Securities and Exchange Commission (BSEC) will observe the 'World Investor Week' from October 3-13 for raising awareness about investors’ education and protection.
BSEC, as a member of IOSCO (The International Organization of Securities Commissions (IOSCO), an association of organizations that regulate the world's securities and futures market, will observe the week through befitting programs, said BSEC executive director and spokesperson Mohammad Rezaul Karim on Thursday.
The inaugural function of the week will be held at the BSEC Multipurpose Hall on October 3, 2022.
Bangladesh Bank’s Governor Abdur Rouf Talukder will be present as the chief guest at the opening ceremony.
Read: Takes 6-12 months to identify a share market manipulator in existing system: BSEC Chairman
Besides, Sheikh Mohammad Salim Ullah, Secretary of the Financial Institutions Division (FID), will be present as a special guest. BSEC Chairman Professor Shibli Rubayat Ul Islam will preside over the event.
The closing ceremony will be held at La Meridien Hotel in the capital.
The program will be organized by Central Depository Bangladesh Limited (CDBL) and Central Counterparty Bangladesh Limited (CCBL), both are concerns of BSEC.
Walton Hi-Tech holds 16th AGM
Walton Hi-Tech Industries Wednesday held its 16th annual general meeting (AGM) online.
The company's Vice-Chairman SM Shamsul Alam presided over the meeting.
At the meeting, the shareholders of Walton approved the company's audited financial statements for the financial year 2021-2022, according to a media statement.
They also approved a 250 percent cash dividend for the general shareholders and a 150 percent cash dividend for sponsors and directors for the financial year 2021-2022.
Walton Hi-Tech's basic earnings per share (BEPS) stood at Tk40.16 in the financial year 2021-2022, which were Tk54.21 in the financial year 2020-2021.
The company's net asset value per share (NAVPS) with revaluation stood at Tk334.68 and Tk231.34 without revaluation in the financial year 2021-2022 compared to NAVPS with revaluation Tk311.59 and Tk208.16 without revaluation in the financial year 2020-2021.
Crackdown on illegal money changers, mobile financial services to continue
Bangladesh Financial Intelligence Unit (BFIU) and Criminal Investigation Department (CID) have decided to continue its ongoing driv against illegal money changers and mobile financial services in the capital.
The decision was taken at a meeting between the BFIU, a government agency responsible for investigating money laundering, suspicious transactions, and cash transaction reports, and the CID, a specialized unit of Bangladesh Police, held at the CID headquarters in the city on Wednesday.
The meeting was organised as part of its initiative to control the hike in the US dollars’ price that has already created an artificial crisis of dollars in the open market.
During the meeting both the BFIU and the CID firmly expressed to work jointly.
Read: BFIU sought illegal money information from Swiss banks repeatedly: BB
Chaired by CID chief Additional IGP Muhammad Ali Mia, the meeting discussed controlling the present rise in dollar price, increasing remittance flow and various issues of money laundering.
Meeting sources said discussions were held for speedy settlement of money laundering cases, prevention of sending remittances illegally from abroad, prevention of hundi or money laundering from the country.
Head of the BFIU Masud Biswas, its Additional Director Masud Rana and senior officials of CID were present at the view exchange meeting.
NBFIs for lifting of 7% interest-rate caps on deposits
The non-bank financial institutions (NBFIs) have demanded the withdrawal of the 7 percent interest-rate caps on deposits.
They made the demand at the first meeting of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Standing Committee on Non-Banking Financial Institutions held in Dhaka Wednesday.
According to the instruction of the Bangladesh Bank, NBFIs cannot offer more than 7 percent interest on deposits, lower than what the banks offer to their clients, the committee said. "The central bank's loan moratorium facilities apply only to banks, making these policies discriminatory to the country's NBFIs."
Also, the committee urged the central bank to increase the size of the refinancing scheme for the NBFIs.
FBCCI President Md Jashim Uddin said: "There should not be any policy of discrimination between the banks and NBFIs. The FBCCI will soon take the issue of interest-rate caps on deposits to the central bank."
Chinese Company to invest US$ 12 million at Ishwardi EPZ
Chinese company Qinda Outdoor (BD) Limited is going to set up a tent, sleeping bag, and bag manufacturing industry at Ishwardi Export Processing Zone (IEPZ).
The company will invest USD $ 12 million and produce 2 million pieces of tent, canopy, bags, sleeping bags, back Pack, tarpaulins, awnings, sunblinds, Mosquito Net, Portable Folding Chair, Recycle Bin, and Umbrella.
The company will create employment opportunities for 2973 Bangladeshi nationals.
An agreement to this effect was signed between Bangladesh Export Processing Zones Authority (BEPZA) and Qinda Outdoor (BD) Co. Ltd at BEPZA Complex, in the capital on Tuesday, said a BEPZA press release on Wednesday.
Read: BEPZA gives highest priority to workers’ safety, welfare: Law Minister
Ali Reza Mazid, Member (Investment Promotion) of BEPZA, and Zhang Yan, representative of Qinda Outdoor signed the agreement on behalf of their respective organizations.
Executive Chairman of BEPZA Major General Abul Kalam Mohammad Ziaur Rahman witnessed the signing ceremony.
Among others, BEPZA Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Directors Md. Zakir Hossain Chowdhury, Nazma Binte Alamgir, Md. Tanvir Hossain and Md. Khorshid Alam was present during the signing ceremony
NRBC gets nod to raise Tk500 crore through bonds
The Bangladesh Securities and Exchange Commission (BSEC) Wednesday approved bonds of NRBC Bank worth Tk500 crore.
The decision came at 840th meeting of the commission held in Dhaka, BSEC Executive Director and spokesperson Mohammad Rezaul Karim told UNB.
NRBC would raise Tk500 crore by issuing non-convertible, unsecured, fully redeemable, floating rate subordinated bonds. The bonds would be issued through private placement.
Read: NRBC Bank conferred with Krishi Padak
The face value of each bond is Tk1 crore, and the coupon rate is 7 to 9 percent.
With the bond proceeds, the lender would strengthen its Tier-2 capital base.
The trustee of the bonds is City Bank Capital Resources, and UCB Investment is the lead arranger, Rezaul said.
Bangladesh has one of the lowest debt-to-GDP ratios: Finance Minister tells ADB
Finance Minister AHM Mustafa Kamal has said that Bangladesh has one of the lowest debt-to-GDP ratios in the world.
He said Bangladesh has never failed to pay domestic and foreign debt.
Kamal said this while attending the annual meeting at the Asian Development Bank (ADB) headquarters in Manila on Tuesday, according to a press release of the finance ministry.
Read: Market-based foreign exchange rate may be introduced soon: Finance Minister
The finance minister also attended a bilateral meeting with president of ADB, Masatsugu Asakawa.
The finance minister said that currently, the cumulative financing of ADB in Bangladesh stands at $27.6 billion. Out of this, total outstanding amount is $11.69 billion.
Kamal thanked ADB's assistance in developing member countries, including Bangladesh, in recovering from economic and health crises in Asia and the Pacific region by providing quick support for procuring Covid-19 vaccine.
Read: No IMF proposal received to raise power, petroleum prices: Finance Minister
It is very important that the Bangladesh-ADB Country Partnership Strategy (2021-2025) is aligned with Bangladesh's national development goals.
The finance minister expected $12-15 billion in loan support from ADB over the next five years, which is crucial for Bangladesh’s achieving development milestones.