The 17th China-ASEAN Expo and China-ASEAN Business and Investment Summit kicked off Friday in Nanning, capital of south China's Guangxi Zhuang Autonomous Region.
Themed "Building the Belt and Road, Strengthening digital economy cooperation," this year's expo aims to deepen cooperation in trade, digital economy, science and technology, health and other fields to foster a closer China-ASEAN community with a shared future.
With a planned exhibition area of 104,000 square meters, the expo has set up 5,400 booths in the venue. In addition, more than 1,500 enterprises from home and abroad will participate virtually in the four-day event, according to the organizers.
The expo will also host 11 high-level forums and more than 160 economic and trade promotion activities.
Initiated in 2004, the annual expo is an important platform for promoting trade and bilateral relations between China and the Association of Southeast Asian Nations (ASEAN).
The fourth edition of Banglalink Ennovators, a digital ideation competition for innovative youngsters, ended on Thursday with the announcement of the top three teams.
The announcement came at the grand finale of the program, which was held virtually.
Around 16,000 youngsters participated in this year's competition.
Five teams presented their ideas at the grand finale, and the jury board picked the top three from them.
Team Decode clinched the top spot for its innovative idea on a skill development platform.
And Team White Collar Crew became the first-runner up and Team Blink the second runner-up for their ideas on gaming platforms.
Banglalink Chief Executive Officer Erik Aas said, "If such innovative youngsters are given the right opportunities, they can unleash their true potentials and come up with innovative digital strategies to tackle many socio-economic challenges."
All the top three teams will get a direct entry to Banglalink's "Assessment Center of the Strategic Assistant Program" along with attractive prizes.
Also, the top five teams will qualify for Banglalink's "Advanced Internship Program" and will participate in "Learn from Startups" and "Campus to Corporate."
Banglalink's Chief Human Resources and Administration Officer Monzula Morshed said, "Our digital mindset, innovation, and collaborative efforts enabled us to organize Ennovators under challenging circumstances during the pandemic."
The telecom operator has been organizing Ennovators since 2017.
Banglalink is a subsidiary of VEON Limited – a Nasdaq and Euronext listed connectivity provider headquartered in the Netherlands.
The country's second-largest mobile operator Robi ended the third quarter of this year with Tk38.9 crore in profit after taxes, on the back of a 9.7% revenue growth.
The operator posted Tk1,934 crore in revenue for the quarter, it said on Thursday.
The company's profit after taxes stood at Tk116 crore in the first nine months of the current year, up 1.9% year-on-year.
However, Mahtab Uddin Ahmed, Robi's managing director and chief executive officer, said: "The excessively high taxation regime continues to undermine our performance, with a minimum 2% turnover tax casting the darkest spell on our business."
During the third quarter, Robi's active subscriber base grew 4.5% to 5.1 crore – 30% of the market share.
And nearly 3.5 crore of these subscribers are internet users, who brought Tk684 crore in revenue for the company, up 22% year-on-year.
Robi's voice revenue saw double-digit growth of 12.1% compared to the previous quarter, reaching Tk972 crore in the July-September quarter. However, it dropped 8.2% year-on-year.
The company paid Tk875.1 crore to the government exchequer in the third quarter this year – 45.3% of its total revenue for the period.
Mahtab said: "On the backdrop of our imminent entry into the country's stock markets, we are very happy to maintain profitability in Q3'20 supported by enviable revenue growth."
Read Also: Robi reaches 5 cr subscribers milestone
3DOM Inc., a Japan-based smart energy solutions provider, has signed a Memorandum of Understanding (MoU) with Cosmos Global Resources Pte Ltd (Cosmos), to launch a joint venture company (JVC) to set up an electric vehicle assembly plant in Bangladesh.
In addition to the assembly of micro mobility electric vehicles in Bangladesh, the JVC between 3DOM and Cosmos also aims to own and operate a company to lease the electric vehicles for a ride-hailing service.
Enayetullah Khan, Group President & CEO of Cosmos Global Resources, Singapore, and Andrew William Khine,CEO of 3DOM Singapore, inked the MoU on behalf of their respective organisations.
The JVC marks a major milestone in cooperation between companies from Japan and Bangladesh in the area of sustainability and renewable energy, and will help Bangladesh achieve the goal of eliminating CO2 emissions by replacing combustion engine vehicles with electric vehicles. 3DOM’s battery technology will help make electric vehicles more affordable.
“3DOM is delighted to have the opportunity to enter into this agreement with Cosmos,” said 3DOM’s President & Group CEO Masataka Matsumura. “Using 3DOM’s unique Lithium Ion Battery Technology for these electric vehicles will play an important role in helping Bangladesh move towards its goal of zero carbon emissions.”
"CGR is proud to partner with 3DOM in this sustainable venture, fulfilling our dream to a greener and cleaner Bangladesh,” said Enayetullah Khan, Group President & CEO of Cosmos Global Resources, Singapore.
Established in 2014, Yokohama, Japan-based 3DOM Inc. innovates and develops cutting-edge Lithium Rechargeable Battery Tech that puts it at the centre of energy as it aims to power everything, everywhere, for everyone. With its advanced battery technology, 3DOM strives to resolve energy issues and build sustainable societies by researching, developing, and designing next-generation batteries, and by deploying on global scale businesses that use these technologies.
Through innovation in battery manufacturing, reuse and recycling, and the development and deployment of applications across aerospace, aviation, marine, mobile and storage, 3DOM is digitally transforming every aspect of the battery’s lifecycle, providing a social platform for the mobility of energy, people and things and allowing for the innovative business model of “Battery as a Service.”
About Cosmos Global Resources
Cosmos Global Resources Singapore is part of a Bangladeshi multinational conglomerate headquartered in Dhaka. The Group’s diverse businesses include Energy, Technology, Media, Resources, Logistics, Water and Defence.
Three customers in Dhaka and Brahmanbaria got 500 percent cash vouchers after purchasing Walton fridges under its nationwide ongoing ‘Digital Campaign Season-8.
They winners are Kabir Ahmed of Brahmanbaria’s Sadar Upazila, Akram Uddin Siddique and Faisal Kabir of the capital’s Khilgaon and Maghbazar areas respectively, said a press release.
From October 1 this year, customer are enjoying either cash vouchers or free appliances such as refrigerator, air conditioner, television etc. upon the purchase of a Walton refrigerator, washing machine or microwave oven from any Walton Plaza or distributor outlet under the nationwide ongoing Digital Campaign Season-8,
On November 2, Akram Uddin Siddique, sales manager of a private company, purchased a Tk 64,900 worth digital display’s side by side door model of non-frost refrigerator from Walton Plaza Kilgaon branch.
On the same day, a government’s official named Faisal Kabir purchased a refrigerator at cost of Tk 28,900 from Walton Plaza Bangla Motor Branch in the capital on the same date.
Last month, Kabir Ahmed purchased a Walton brand refrigerator at cost of Tk 26,500 from M/S Amin Electronics, a distributors’ showrooms of Walton at Budhal Bazar in Brahmanbaria Sadar Upazila.
Each of them was awarded 500 percent cash vouchers upon their respective purchases of Walton fridge under the campaigns Season -8 benefits.
On November 19 last, Walton authorities officially handed over the 500 percent cash vouchers to both Akram Uddin Siddique and Faisal Kabir at two seperate programmes held at Walton Plaza Khilgaon and Bangla Motor branches in the capital respectively.
At present, Walton is manufacturing and marketing more than 100 models of fridge, including frost and non-frost refrigerator, freezer and beverage cooler. Prices of these Walton fridge are between Tk 10,990 and Tk 80,900. Walton is giving one-year replacement guaranty as well as 12 years compressor’s guaranty.