Dhaka, Nov 27 (UNB) – The government is incurring a direct loss of around Tk 1000 crore every year due to unchecked volumes of handset shipments into the country through unauthorized channels, said Bangladeshi Mobile Phone Importers Association (BMPIA) on Tuesday.
Approximately around 2.5 million handsets are coming through illegal channels annually and the market value of those devices is around Tk 3 billion, said BMPIA president Ruhul Alam Al Mahbub while talking to reporters at a city hotel.
He also said the country's mobile market is of around Tk 10,000 crore and 30 percent of which is in the grip of importers who are bringing those here through improper channels evading taxes and other due process.
If the situation continues, the legitimate importers will gradually lose their enthusiasm and will be bound to shrink their business activities that ultimately will incur huge loss to the government’s revenues generation,” said the speakers.
Over the last nine months of this year, around 2.30 crores mobile phone sets were imported to the country, among which 50 lakhs were smartphones, they said.
Moreover, only 10 percent iPhones are being imported to the country in valid means while 90 percent of those devices come through illegal paths, they added.
BMPIA Vice President Rezwanul Haque, General Secretary Jakaria Shahid and Joint Secretary Mesbah Uddin, among others, spoke on the occasion.
Dhaka, Nov 27 (UNB) - WorldRemit, a leading global money transfer firm, has tied up with bKash and Brac Bank to remit money from abroad through online channel to Bangladesh.
“We’ve partnered with local mobile money transfer window bKash and also Brac Bank to offer our service to remittance receivers in Bangladesh,” said Tamer El-Emary, Chief Commercial Officer of the WorldRemit, the UK-based firm having operation in more than 50 countries.
While talking to a group of journalists at a city hotel on Tuesday, he claimed that their firm’s online money transfer service will be faster, easier and more convenient compared to that of others.
Tamer El-Emary said WorldRemit is the global leader in cross-continental mobile money transfer which currently processes 52 percent of all cross-continental transfers into mobile money accounts.
WorldRemit is now connected to one-fifth of all mobile money accounts across the globe (130 million, he said.
Tamer El-Emary said Bangladeshi expatriates living abroad can send money through WorldRemit just using a downloaded app.
However, the user must have a bank account or a credit or debit card to use the app and send money, he said.
WorldRemit official said their agency has no operation in the Middle-East countries from where most of remittance is coming to Bangladesh. “We’re in our efforts to launch our operation in the Middle-East countries. But it’s a long procedure to secure permission from the banking authorities,” he said.
He said WorldRemit has already obtained necessary permission from the central bank and other agencies to operate its system.
As part of its expansion plan, the company has now tied up with bKash and Brac Bank to operate its system in Bangladesh, Tamer El-Emary.
He said the WorldRemit has been operating its system in Bangladesh since 2012. But through the partnership with bKash and Brac Bank, it will move for its branding in the country.
In future, it has a plan to make partnership with other mobile money transfer windows like Ucash and Rocket, he added.
“A rapid growth of online remittance inflow has prompted the WorldRemit to take up the expansion plan in Bangladesh,” said Tamer El-Emary.
He pointed out that the company will mainly put its focus on the remittance sending from the USA, Australia, the UK, Canada, Africa and the countries in Europe where its service is available. “Malaysia and Singapore could be our major potential area of operation as well,” he said, adding that the WorldRemit attained a 30 percent growth in its business in Bangladesh.
Dhaka, Nov 27 (UNB) - The British Business Group, Bangladesh (BBG) has arranged a workshop for its members on how they can contribute to the group’s goal and actively play their role in achieving it.
The event, organised by BBG and supported by HSBC Bangladesh was held at the BBG chairman’s residence in Dhaka on Monday.
BBG Chairman Francois de Maricourt hosted the event while British High Commissioner Alison Blake attended the event as the Chief Guest and delivered a keynote speech.
Participants discussed on the role of the British entities in Bangladesh and how through BBG it can enhance their values, said a press release issued on Tuesday.
The workshop provided an opportunity where members shared their valuable insights on how BBG can formulate its way.
In her speech, Alison Blake said “I very much welcome and support the commitment by the BBG to be a strong and forward looking partner for the UK Government and British businesses and investors in Bangladesh. By engaging with the Government to improve the business environment the BBG will encourage more British firms to export and invest to Bangladesh”.
Welcoming all, BBG Chairman and CEO of HSBC Bangladesh Francois de Maricourt said, “The British Business Group is committed to supporting initiatives from its members contributing to the Bangladesh economy. We seek ways and means of improving the business environment for the British companies operating in Bangladesh.”
Amongst the guests at the event were members of the British Business Group representing prominent British Businesses operating in Bangladesh. Also present at the event were representatives from the Department of International Trade (DFID) and others from the British High Commission.
Dhaka, Nov 27 (UNB) - US-Bangla Airlines has announced attractive holiday packages for tourists to Singapore and Malaysia.
Credit card users will be able to avail the packages through payment in six equal monthly installments (EMIs), said the airlines in a press release issued Tuesday.
To avail its Kuala Lumpur package, holidaymakers will have to pay Tk 29,990 for two days and three nights tour packages. For Singapore, it will be Tk 40,990 for three nights and four days.
The packages are inclusive of all taxes, hotel accommodation, breakfast and hotel-airport-hotel transfers.
For these attractive packages, US-Bangla Airlines has signed agreements with banks and financial institutions and the interested can receive every further detail by calling to 01777777881, it said.
Dhaka, Nov 26 (UNB)- Walton Hi-Tech Industries Limited, a sister concern of Bangladeshi electronic giant Walton, is going to enter the stock market.
Moreover, Walton has been targeting to expand its international market and flourish as a multi-national brand though exporting high quality ‘Made in Bangladesh’ products.
The authorized capital of the company has been shown Tk 600 crore. And the paid-up capital is Tk 300 crore. Walton is not giving any private placements in the stock market. The company will float IPO (initial public offering) in the stock market through book building system. AAA Finance & Investment Ltd. acts as the issue manager of Walton in the capital market while Prime Bank Investment Limited is its registrar to issue.
Walton's Additional Operative Director Md Yaqub Ali FCA said “The technological excellence of Bangladesh is now an example for other countries in the world. Walton is now the country's number one brand of electronics products. The main objective is to involve our people with the development of Walton.”
He said Walton High-tech Industries Limited has achieved admiration in home and abroad for producing world-class refrigerators, freezers and air conditioners.
Walton launched the country's first and only compressor manufacturing plant last year which resulted in the emergence of Bangladesh as the eighth compressor producing country in Asia and 15th in the world.
The 'Made in Bangladesh' labeled compressors, its parts, refrigerators and various products are exported to different countries in the world. Now aiming the world market, Walton is planning to increase its production of refrigerators and air conditioners with latest technology and design.
Edward Kim, head of Walton's International Business Unit (IBU) said the company has set a target of earning $1 billion by 2028 through the export of technology products and spare parts.
Abul Bashar Hawlader, Executive Director and CFO of Walton, said the company follows the Corporate Governance Code-2018.