Dhaka, Oct 21 (UNB)-  The 329th meeting of the board of directors of Al-Arafah Islami Bank Ltd (AIBL) was held at Al-Arafah Tower in Purana  Paltan area of the city on Sunday.

Abdus Samad Labu, Chairman of Board of Directors of the bank presided over the meeting, which reviewed overall business performance of the Bank, said a press release. 

Vice-Chairman, Md Abdus Salam, members of the Board  Md Enayetullah,  Md Liakat Ali Chowdhury, Md Amir Uddin, Nazmul Ahsan Khaled, Abdul Malek Mollah, Md Harun-Ar-Rashid Khan,  Md Anowar Hossain, Engr. Kh. Mesbahuddin Ahmed, Ahamedul Hoque, Niaz Ahmed, Khalid Rahim, M. Kamaluddin Chowdhury, Managing Director and CEO Farman R Chowdhury attended the meeting. 

Deputy Managing Directors, Executive Vice President and Company Secretary Md Mahmudur Rahman and other related executives of the Bank were also present there.
 

Dhaka, Oct 21 (UNB) – After securing the top place in local market of electronic products, Walton, the country’s leading vertically integrated manufacturer, targets to strengthen its position in international market.

To achieve the target, the Bangladeshi brand is exporting its electronic products to more than twenty countries of Asia, Middle-East and African territory.

However, Walton now eyes to expand its market in European countries for which it has taken massive initiatives. The local company opened its offices in various countries including Germany and United Kingdom along with showcasing its products and service in international trade fairs.

In its latest initiative of targeting the European market expansion, Walton took part in Chillventa International Trade Fair in Germany held from 16 to 18 October at Nuremberg Exhibition Centre where manufacturers of refrigerator, air conditioner, ventilation and heat pumps around the world showcased their products and services.

First organized under the name of ‘Chillventa’ in 2008, the fair is now one of the most important events and is held in every two years. 981 exhibitors showcased their products in the last season the event in 2016. 63% of the exhibition visitors came from European Union, 17% from the rest of Europe, 15% from Australia, Asia and Africa, and 6% from America. 93% of the exhibitors made new business connections. Walton is the first and sole Bangladeshi company to join the fair.

According to Walton authorities, they were allocated a stall at hall number 7 in Chillventa Fair where various types of refrigerators, AC parts and industrial solutions including compressors, PET belt, Magnetic Stripes, Door Switch, LED lights, Power Cable, Fin type Evaporator, Wire type Evaporator, Lock & key, Accumulator, MS Tube, Filter Drier, Self-tapping Screw, Machine Screw, Bolt, Hexagonal Nut, Metal Casting etc. were showcased.

Many entrepreneurs from European Union and other countries visited Walton stall. 

Imtiaz Ahmed, Bangladesh’s ambassador to Germany and Dr. Syed Masum Ahmed Choudhury, Commercial Counsellor, Bangladesh Embassy in Germany visited Walton stall in Chillventa Fair on its opening day. They welcomed Walton in European market and praised the Bangladeshi company for manufacturing and exporting high standard technology products and parts.  

Abdur Rouf, Business Head (Developed Countries) of Walton International Business Unit, said, refrigeration and air conditioner parts have huge demand in European market as most of the European brands do not manufacture any parts but assemble them after buying bulk amount from different OEMs across the globe. To grab this huge market of spare parts, Walton took part in Chillventa Fair.

He also said that Walton is now manufacturing raw materials and chemicals of various electronic products. International standard eco-friendly energy efficient compressors are being manufactured at Walton Compressor Plant in Chandra of Gazipur. These compressors and spare parts are being exported to different countries after meeting local demand.

Ashraful Ambia, Chief Executive Office of Walton Refrigerator, Air-conditioner and Compressor, said “Walton Compressors are being manufactured maintaining hundred percent European standard as European machineries and technology are used in Walton factory. As a result, Walton compressors and their parts have huge demand in European market and to capture that demand Walton has taken various initiatives”.

He said Walton has set up its office in Stuttgart of Germany along with offices in other countries including United Kingdom, China and Thailand.

Uday Hakim, Deputy Executive Director of Walton, said, ‘Made in Bangladesh’ in electronic products was a dream which Walton has successfully made true. Various Walton products and their spare parts are being exported to many countries which earn huge foreign currency along with branding Bangladesh in international arena.

“Now our target is to expand market in developed countries including Europe and America,” he said. According to him, Bangladesh will soon become the hub of technology products and Chillventa Fair will play vital role in this regard.

Dhaka, Oct 21 (UNB) - The 9th edition of Bangladesh Denim Expo is going to be held on 7th and 8th November at the International Convention City Bashundhara here with a special theme focusing on ‘Simplicity in Supply Chain’.

Bangladesh Denim Expo is an international exposition dedicated for promoting Bangladesh’s denim and to showcase Bangladesh’s strength and capacity in denim manufacturing, said a press release.

The two-day mega exposition is going to be held to display latest trend of denim products to the global brands and retailers as well as Bangladeshi manufacturers.

A total of 62 Exhibitors from all over the world are participating in the Expo which is expected to attract the highest number of international visitors in an apparel event in Bangladesh.

The theme of this edition ‘Simplicity’ is aimed at defining a much simpler, much easier definition to understand sustainability and ecology in denim.

The expo will also focus on how to make things simpler to understand demand of buyers, how to prepare for and negotiate them, and how the denim industry of Bangladesh can profit from more simplicity.
 

Dhaka, Oct 18 (UNB)- The 617th Executive Committee Meeting of the Board of Directors of Al-Arafah Islami Bank Limited was held at the Board Room of the Bank on its Purana Paltan head office in the city on Thursday.

Md. Enayet Ullah, chairman of the Committee, presided over the meeting where overall business performance of the bank was reviewed and it also took various investment related decisions, said a press release.

Members of the Committee Nazmul Ahsan Khaled, Md. Harun-Ar-Rashid Khan, Engr. Kh. Mesbahuddin Ahmed, Ahamedul Hoque,  A.N.M. Yahia, Managing Director and CEO Farman R Chowdhury, Deputy Managing Directors-- Md. Fazlul Karim, Muhammad Mahmoodul Haque, S. M. Jaffar, Mohammed Zubair Wafa, Executive Vice President and Company Secretary Md. Mahmudur Rahman and other executives were present in the meeting.

Dhaka, Oct 17 (UNB)- A school banking conference has been held at Bagerhat Zila Parishad auditorium under auspices of Islami Bank Bangladesh Limited (IBBL) as part of Bangladesh Bank's financial inclusion program.

On this occasion, a procession led by Ashim Kumar Majumder, General Manager of Bangladesh Bank, Khulna Office, also the chief guest of the conference and Abu Reza Md. Yeahia, Deputy Managing Director of IBBL paraded the town. 

Md. Maksudur Rahman, Senior Vice President and Head of Khulna Zone, IBBL, Mahatab Uddin, Officer In-charge of Bagerhat Model Police Station and Rabiul Islam, Assistant Inspector of District Education Officer, Bagerhat attended the conference as special guests. 

A H M Rafiqul Islam, Joint Director and Mohammed Atiqul Alam, Deputy Director of Bangladesh Bank conducted session on financial education and school banking activities.

 Md. Nazrul Islam, Deputy General Manager of Krishi Bank, Md. Mahmud Uddin, Assistant General Manager of Sonali Bank, Manosh Kumar Pal, Assistant General Manager of Agrani Bank addressed welcome speech. 

Md. Sadeque Ali, Head of Bagerhat Branch of IBBL, managers & representatives of all scheduled banks in Bagerhat were present on the occasion. 

Students, teachers and guardians from different schools and colleges of Bagerhat attended the conference.