Prime Bank Limited and Grameenphone recently partnered to enable Small and medium-sized enterprises (SMEs) with financial and connectivity solutions with an ambition to empower and provide support to accelerate its growth.
The partnership declaration came at a webinar, organised by Prime Bank Ltd where Md Zahid Ahsan Russel, State Minister for Youth and Sports, was present as the chief guest, said a press release.
Addressing the programme, State Minister said that government has sets up a virtual training center, arranging training, generating employment in the rural areas for returnee migrant workers to stand beside the youth amid the pandemic.
“We appreciate the worthwhile initiative of Grameenphone and Prime Bank to assist the SMEs through financing and connectivity solutions.”, he said.
With a strong network of Grameenphone and financing solutions of Prime Bank, this partnership will help the SMEs make a comeback from losses due to Coronavirus, Russel said.
Under the arrangement, the Grameenphone SME customers will get working capital (CC, OD and Demand Loan), Term Loans for Fixed Asset Purchase and Capital expenditures, International Trade solution- LC, LATR, IDBP etc., Bank Guarantee, Work Order etc.
They can also avail a wide range of deposit products and free Internet Banking – ALTITUDE - for conducting broad range of e-transaction.
The SME customers of Grameenphone can apply for loan from the comfort of their office or home as Prime Bank has assigned dedicated Relationship Manager.
The MSME customers of Prime Bank will also enjoy exclusive benefits for Grameenphone connection and value-added services.
Rahel Ahmed, Managing Director and CEO of Prime Bank; Yasir Azman, CEO Grameenphone; Syed M Omar Tayub, Head of MSME Banking, Prime Bank; and Kazi Mahboob Hassan, Chief Business Officer of Grameenphone, were also present at the programme.
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The COVID-19 crisis has had at least some impact on the livelihoods of 82 percent garment workers in Bangladesh, according to a survey released on Monday.
The survey conducted by South Asian Network on Economic Modeling (SANEM) and Microfinance Opportunities (MFO) found that most of the respondents migrated from their place of birth for work.
In response to the survey’s questions on the impact of the ongoing pandemic, only 18 percent reported that the Covid-19 crisis has had no impact on their livelihoods while the remaining respondents reported at least some impact.
There is also a sizable minority that has migrated more than once. Around 1,269 workers who are employed in factories in Chittagong, Dhaka City, Gazipur, Narayanganj, and Savar have been participating in the survey.
Over three-quarters of the working respondents are women, which is roughly the representative of gender distribution in the sector as a whole.
The survey asked its respondents about the workers’ control over the earnings they send to their households and found that among those who were able to respond, 58 percent said that it was some other family member while 42 percent said they themselves were the decision makers.
To assess the impact of the ongoing Covid-19 Pandemic on the overall working and living conditions of garment workers in Bangladesh, SANEM in partnership with MFO have been conducting a series of surveys, with new questions and among slightly changed number of respondents each week.
Some of the questions of this survey were questions supplied to by the International Labour Organization (ILO), a blog report on the survey, published on the website Garment Worker Diaries, noted.
The latest survey explored the dynamics of the workers’ earnings, including who controls how they are spent, and the impact of Covid-19 on their size and frequency, the blog on the survey findings said.
‘Garment Worker Diaries’
The survey found that – 89 percent of respondents reported that they have migrated at least once, for any reason, 91 percent of women reported they had migrated compared to 83 percent of men, 81 percent of migrants said they had migrated for a work-related purpose, 64 percent of those respondents who had migrated for a work-related purpose said they had migrated just once.
Assessing the impact of the Covid-19 on the respondents, the survey found out that 51 percent of respondents said that prior to Covid-19 they had sent money to family members, with 47 percent of women saying they had done so compared to 66 percent of men, 58 percent of those who had sent money to family prior to Covid-19 did so regularly, 33 percent of those who had sent money to family prior to Covid-19 did so occasionally, 69 percent of those transfers were sent to a family member.
The surveys being conducted by SANEM and MFO are part of a project titled “Garment Worker Diaries”. The Garment Worker Diaries collect regular, credible data on the work hours, income, expenses, and financial tool use of workers in the global apparel and textile supply chain in producing countries.
The objective of the project is to have the data inform government policy decisions, collective bargaining, and factory and brand initiatives related to improving the lives of garment workers.
The project began in 2016 when Microfinance Opportunities, a global non-profit, in collaboration with local research firms in Bangladesh, India, and Cambodia, collected data from 180 women in each country every week for a period of a year.
The goal of the project is to collect and disseminate Diaries data in five producing countries by 2021. It is expected that the data will result in a major improvement in the transparency of global supply chains.
Beximco LPG has tied up with Padma Oil to expand its autogas distribution network across the country.
Beximco LPG Unit – 1 Ltd., a concern of Beximco, has entered into the agreement with Padma Oil Company Limited (POCL), a subsidiary of Bangladesh Petroleum Corporation (BPC), to set up LPG pumps and sell the auto-gas through filling stations.
According to the deal signed on Sunday, it will enable the Beximco to setup LPG pumps and commence sales of auto-gas through the registered filling stations of Padma Oil Company Limited
The signing ceremony took place at the office of Padma Oil Company at BTMC Bhaban, Kawran Bazar.
Liquefied petroleum gas (LPG) is called auto-gas when it is used for motor vehicles as fuel. Such auto-gas is considered to be energy efficient and environmentally friendly for motor vehicles.
As per the agreement, the POCL and the BPC both will receive a royalty of Tk 0.50 per liter of LPG that is sold by Beximco LPG through their established AutoLPG pumps.
Currently, POCL has a network of 695 filling stations while Beximco LPG was granted 500 franchise licenses for AutoLPG stations earlier in 2016 from the Ministry of Energy and Mineral Resources Division.
The agreement was signed by Mr. Md Masudur Rahman (Managing Director, POCL) and Mr. Mrinal Roy (Chief Executive Officer, Beximco LPG) and attended by Mr. Sohel Abdullah (Deputy General Manager, Sales, POCL), Mr. Numon Ahmed Taffader (Deputy General Manager, Dhaka), Md. Ahammadullah (Deputy Manager & PS to Chairman, BPC), M Muntasir Alam (Chief Commercial Officer, Beximco LPG), and Ms Tasnuva Choudhury (Head of Business Development, Beximco LPG).
Beximco LPG has been operating in the LPG sector since 2018, is the first-ever company in the country to provide composite fiberglass cylinders for household LPG consumption.
Country’s popular mango fruit drinks brand PRAN Frooto has introduced new pack in the market.
The new pack titled ‘My Pack’ will be available across the country in a 200ml PET bottle at Tk 20.
Eleash Mridha, managing director of PRAN Group, inaugurated the product through a program held at head office in the capital’s Badda on Tuesday.
PRAN Frooto has made two TVC marking the launch of the new pack where popular actor
Mukit Zakaria, FS Naim and actress Faria Shahrin worked.
They shared their working experiences with the brand in the inauguration program. Anyone can be able to see the TVC on PRAN Frooto facebook and youtube channel.
Atikur Rahman, General Manager (Marketing) and Ashfaqur Rahman, Brand Manager of
PRAN Frooto and Bappa Mahmud, scriptwriter of the TVC were also present, among others, at the program.
Singapore Airlines has operated the second flight to Dhaka in partnership with Temasek Foundation to support World Food Programme and the global Covid-19 response.
Singapore Airlines (SIA) and the Temasek Foundation are partnering with the World Food Programme (WFP) to support the global Covid-19 response to help transport essential medical supplies and other health and humanitarian items to points of need around the world, said a press release on Monday.
As a part of this partnership, SIA operated its second flight to Bangladesh on Sunday.
Flight SQ446 arrived at Hazrat Shahjalal International Airport at 10:40pm from Singapore carrying over 20 tonnes of PPE including surgical gowns, goggles and nasal oxygen cannula.
Providing the logistics backbone for global Covid-19 efforts, WFP operates a network of hubs and passenger and cargo airlinks to ensure a steady flow of supplies and support to the frontlines of the pandemic.
Since these services commenced in May, WFP has managed more than 800 humanitarian flights to 159 countries.
Under this agreement, SIA is making ad-hoc charter flights and freight space in its scheduled services available on a cost-recovery basis, with flight costs being covered by a contribution of up to US$6.5 million from the Temasek Foundation.
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