Local-Business
US-Bangla resumes Chattogram-Kolkata flights September 1
Private carrier US-Bangla Airlines will resume its flights on the Chattogram-Kolkata-Chattogram route on September 1.
The airline will operate flights on this route seven days a week, Md Kamrul Islam, general manager (public relations) of the US-Bangla, said Sunday.
The flights will leave Shah Amanat International Airport at 11:10am and will land at Kolkata's Netaji Subhas Chandra Bose International Airport at 11:40pm (local time).
Read Triplover, US-Bangla sponsor Dhaka Travel Mart 2022
The return flights will leave Kolkata at 12:40pm (local time) on the same day and arrive in Chattogram at 2:10pm.
Apart from operating flights on all domestic routes, US-Bangla now runs flights to Singapore, Chennai, Male, Guangzhou, Kuala Lumpur, Doha, Sharjah, Dubai, Muscat and Kolkata.
Read US-Bangla offers holiday package to Maldives' Maafushi Island
Walton brings 3-in-1 converter AC with Bluetooth, air plasma technology
Walton has launched a three-in-one converter air conditioner with Bluetooth and air plasma technology.
The company released the latest model of 1.5 ton AC under its Krystaline Preto series that can be converted to a 1 or 0.75 ton AC according to room size.
Read: Nagad recognises winners of 'Aurjon O Bijoyullash' campaign
Along with a remote controller, customers can also operate this energy-saving AC through a smartphone via Bluetooth.
Walton Hi-Tech MD and CEO Golam Murshed unveiled the AC at a launching programme in Dhaka Sunday, said a media statement.
Read 47 individuals, enterprises get Walton 'Branding Heroes Award'
Nagad recognises winners of 'Aurjon O Bijoyullash' campaign
Mobile financial services (MFS) provider Nagad has recognised its top 28 distributor sales officers (DSOs) for their achievements during a two-month campaign.
The "Aurjon O Bijoyullash" was launched in February 2022 to encourage sustainable growth by boosting the engagement of Nagad entrepreneurs.
Nagad recognised DSOs from different regions during a recent event at a city hotel, a media statement said Sunday. Nagad Managing Director Tanvir A Mishuk handed over the awards and crests to them.
Read: Islami Bank recognised for digital services
Tanvir said: "In just three years, Nagad has acquired 6.5 crore customers and the individuals who have contributed the most to this achievement are our regional employees."
"Today, Nagad has established itself as one of the best MFS providers in the country – as a result of their unwavering efforts. I am honoured to recognise their work."
Nagad executive directors Niaz Morshed Elite, Md Shafayet Alam, Maruful Islam Jhalak and Mohammad Aminul Haque were also present at the "Aurjon O Bijoyullash" campaign's award-giving ceremony.
Read BURO partners with Nagad for easier savings, instalment payments
Importers press for soybean price hike by Tk 20 per litre
The Bangladesh Vegetable Oil Refiners and Vegetable Manufacturers Association (BVORVMA), an association of owners of edible oil refining and marketing companies, has urged the government to hike prices of soybean oil by Tk 20 per litre.
The BVORVMA gave this proposal to the Bangladesh Trade and Tariff Commission (BTTC) on August 3.
The proposal stated that the price of open (loose) soybean oil be raised to Tk 180 a litre, Tk 205 a litre of bottled soybean and Tk 960 for five-litre bottle.
Mustafa Abid Khan, a former member of the Tariff Commission, told UNB that when the price of edible oil was earlier adjusted, the dollar price was taken into consideration. As much of the price in the world market fell, the price in the country did not fall accordingly.
Read: Soybean oil price cut by Tk14 per litre
He said, now the proposal can be reviewed. However, it should be kept in mind that people are under pressure due to the increase in the prices of commodities. The increase in fuel prices will further increase the pressure, he said.
Along with the price hike proposal, the BVORVMA has also provided a breakdown of the cost.
NBR supports Made in Bangladesh brand: Chairman
The National Board of Revenue is supporting growth of local industries to promote economic development and create more jobs, said its chairman Abu Hena Md Rahmatul Muneem on Sunday.
He was speaking at a press conference at the NBR Bhaban, to highlight the contribution of the revenue board to the national development.
Through policy measures and tax incentives, NBR is encouraging ‘Made in Bangladesh’ along with the expansion of domestic industries and employment, he said.
This will be continued even if some particular sectors are getting 10 years tax holiday facility, he said.
Also read: NBR dreams to cross revenue Tk3.0 lakh crore in FY 22
Now, the revenue board earns 33 per cent of revenue from income tax, 38 per cent from Value Added Tax (VAT), and 28 per cent from import duty excise duty.
“We are planning to extent tax net and VAT collection areas along with monitoring its submission to the treasury,” Muneem said.
The NBR is achieveing 7 per cent growth in revenue collection. The country’s GDP size has become Tk4,449,919 crore in FY2022-23, a rise by 556 per cent compared to Tk 797,538 crore in FY2009-10, he said.
The NBR Chairman said that NBR achieved satisfactory growth in the revenue collection in FY 22, with collection of Tk3.16 lakh crore.
Also read: NBR to install 10,000 EFD to prevent VAT evasion
In FY-11 (2010-11) the NBR’s revenue collection was Tk79403 crore which now stands at Tk 3.16 lakh crore. This jump in revenue earning contributed to implementing the annual development program (ADP). At the same time it helped cut dependency on foreign loans, Muneem said.
At present, NBR is supporting 85 per cent of the budget from internal resources. Both the ADP size and foreign dependency on ADP implementation came down over the years as the impact of people's contribution to revenue, he said.
In FY2010-11 the size of ADP was Tk35,880 crore which now climbed to Tk 217175 crore in FY 2021-22. Similarly, the contribution of revenue increased in ADP implementation and the ratio of foreign loans in the ADP implementation decreased, the NBR chief said.
NBR members and senior revenue officials were present at the press conference.
Jack scales up share in Bangladesh with 'high-quality machinery, competitive pricing'
Chinese sewing machine brand Jack Technology has become a "leading technology provider" in the Bangladesh readymade garment (RMG) industry with its "innovative machinery and total technology solutions."
In Bangladesh, the second largest garment exporter in the world, more local apparel manufacturers are now looking for the perfect solutions to intensify or maximise productivity.
So, the demand for state-of-the-art machinery and automation technology has increased, Jack said at a seminar organised by it in Dhaka Saturday.
The Chinese brand held the "Strategic Benchmarking" seminar for the local importers and marketing officials to improve its development strategy and expand brand influence.
In RMG, the right sewing machine can be the game changer with its impact on productivity, efficiency and quality. And Jack deals in machines that include automatic, energy-saving as well as labour-saving ones.
Jack Bangladesh has understood the needs of the country's apparel industry, which are automation, power saving, and high productivity. The Chinese brand has expanded its business here with its new line of machinery, automatic features, total technology solutions, competitive pricing; high-quality, and energy-saving machines.
Jack Technology was set up on August 7, 2003, in Taizhou, Zhejiang, China. It started the sewing machine business on July 18, 1995.
Read: RMG export growth to be affected by fuel price hike: BGMEA President
Since 2010, the company claimed to have had an absolute advantage in the lockstitch, overlock, and interlock sewing machine market.
Islami Bank recognised for digital services
The Bangladesh Bank has recognised the Islami Bank Bangladesh Limited (IBBL) for its digital services.
The IBBL operated a digital smart payment booth at Gabtoli cattle market under the "Smart Bangladesh Smart Haat" project of the Bangladesh Bank and Dhaka North City Corporation (DNCC).
Read: IBBL awarded as highest taxpayer
DNCC Mayor Atiqul Islam handed over a crest to AFM Kamaluddin, deputy managing director of the IBBL, Wednesday in Dhaka.
Md Khurshid Alam, executive director, Shah Zia Ul Haque, additional director of the Bangladesh Bank; Mohammad Manzurul Haque, senior vice-president of the IBBL, were also present.
IBBL organises orientation for RDS field officers
Islami Bank Bangladesh Limited (IBBL) recently organised an orientation programme in Dhaka for the new Rural Development Scheme (RDS) field officers.
Mohammed Monirul Moula, managing director and chief executive officer of the bank, was present at the programme as a chief guest. Muhammad Qaisar Ali, additional managing director, also spoke.
SM Rabiul Hassan, principal of Islami Bank Training and Research Academy, presided over the event.
Md Mostafizur Rahman Siddiquee, deputy managing director of IBBL; senior executive vice-presidents Md Mahboob Alam, KM Muniurl Alam Al-Mamoon; executive vice-presidents AKM Shahidul Hoque Khandaker, M Zubayer Azam Helali, Nazmus Sakib, and Md Rezaur Rahman also spoke at the programme.
No IMF proposal received to raise power, petroleum prices: Finance Minister
Finance Minister AHM Mustafa Kamal has said he did not get any proposal from International Monetary Fund (IMF) over hiking the prices of petroleum and power as precondition of providing loan.
“They (IMF) didn’t give any proposal over raising power and petroleum prices,” he said responding to a question from a reporter.
He was briefing reporters after the two consecutive meetings of the Cabinet Committee on Economic Affairs and Cabinet Committee on Government Purchase on Wednesday.
The finance minister was asked the question referring to a media report that IMF has proposed increasing the prices of power and petroleum as precondition to provide a $4.5 billion bailout loan.
Read: Nothing wrong in economy as Bangladesh seeks IMF loan: Finance Minister
He advised the reporters not to spread any misleading information for the sake of the interest of the country.
Quoting a Hadith, Kamal said without loving one’s own country, Muslim cannot be a good Muslim.
Responding to another question he said that everybody should encourage people who had laundered money to bring those back by paying a certain amount of tax.
Defending his position about such move of the government to allow whitening of black money he said money turns black due to the government system.
The finance minister said the country’s economy will return to stable position within months as everything is moving on right track.
He said not only Bangladesh, many countries in the world including the European ones have been experiencing high inflation.
Robi offers 15% discount in Toggi Fun World for ‘Elite’ customers
Robi’s customer loyalty and reward program ‘Robi Elite’ is offering 15% discount to its’ customers on all games and rides at the country’s largest amusement and virtual reality theme park, Toggi Fun World.
A memorandum of understanding (MoU) has been signed recently in this regard between two companies, according to a press release
To avail the exciting discount, Robi Elite users need to type REWTFW01 and send it to 1213. In reply, users will get a secret code which can be used to avail 15% discount at Toggi Fun World.
Read: Robi suffers loss of Tk12.16 crore during Apr-Jun
Toggi Fun World has a huge array of games and rides collection starting from trampoline, paintball to laser tag offering entertainment for kids, children, teenager and adults within a single premise. The main attraction of the theme park is its wide array of games and rides collection and pollution free, safe, friendly environment.
Robi’s Chief Commercial Officer, Shihab Ahmed and Toggi Fun World’s Chief Marketing Officer & Member of Bashundhara Group Chairman’s coordination team, Ziaul Hoque Sikder signed the MoU on behalf of their respective organisations.
Toggi Fun World’s Senior Executive, Marketing, Tuhidul Islam, Robi’s General Manager, Loyalty & Rewards, Md. Faisal Imam; Manager, Loyalty & Rewards, Tasnia Afrin; Specialist, Loyalty & Rewards, Sheikh Shahrukh Hossain played a vital role in establishing this partnership.
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