Leading ICT infrastructure provider Huawei has ranked 6th in the Boston Consulting Group’s recently released list of the 50 Most Innovative Companies in 2020, moving up by 42 places.
According to the report, Apple, Alphabet, Amazon, Microsoft, and Huawei occupy the top 6 spots in the new ranking, followed by Alibaba, IBM, Sony and Facebook, said a press release.
The ranking is based on a survey of 2,500 global innovation executives and assesses
companies’ performance on four dimensions of Global “Mindshare”, Industry Disruption, Industry Peer View and Value Creation.
This year, BCG also added a new scoring dimension that captures each company’s variety and intensity of boundary-breaking, by assessing its ability to breach established industry entry barriers and play in an array of markets outside its own.
As the world’s largest supplier of telecommunications equipment, Huawei has continuously invested over 10percent of its annual revenue back into R&D.
In 2019, the company’s R& D expenditure totaled CNY131, 659 million (Chinese Yuan, $1 = CNY7 approx.) accounting for 15.3% of its total revenue.
In terms of 5G, Huawei invested 4 billion USD in the past decade, which makes it the global leader in this next-generation technology. To further commercial adoption and promote new innovation in 5G applications, the company has established 5G joint innovation centers together with carriers worldwide.
Unilever Bangladesh Limited (UBL) on Thursday announced the next step in the evolution of its skincare portfolio, with the rebranding of its flagship brand Fair & Lovely.
Taking forward the brand’s journey towards a more inclusive vision of beauty, the company will stop using the word ‘Fair’ in the brand name ‘Fair & Lovely’.
The new name is awaiting approvals and expected to change the name in the next two months, according to a press release.
Over the last decade, Fair & Lovely’s advertising has evolved to communicate a message of women’s empowerment. The brand’s vision is to adopt a holistic approach to beauty that cares for people, that must be inclusive and diverse - for everyone, everywhere. The brand is committed to celebrating all skin tones.
In early 2019, the brand’s communication moved away from the benefits of fairness, whitening and skin lightening, towards glow, even tone, skin clarity and radiance, which are holistic measures of healthy skin.
The cameo with two faces showing shade transformation, as well as the shade guides were removed from almost all the packs.
The Company will continue to evolve its advertising, to feature women of different skin tones, representative of the variety of beauty across Bangladesh.
Managing Director and CEO of UBL Kedar Lele said, “We are making our skin care portfolio more inclusive and want to lead the celebration of a more diverse portrayal of beauty."
He said that In 2019, UBL has progressed the brand communication from fairness to glow which is a more holistic and inclusive measure of healthy skin. These changes were very well received by our consumers.
"We now announce that we will remove the word ‘Fair’ from our brand name Fair & Lovely. The new name is awaiting, and the pack with the revised name will be available in the market in the next few months.”
Fair & Lovely is a pioneering technology that has made multiple skin health benefits available to millions of consumers at an affordable price.
Fair & Lovely has a combination of vitamin B3, B6, C & E, glycerine, UVA and UVB sunscreens and allantoin, which are known to improve skin health and protect the skin from external aggressors and environmental pollution.
The product works to improve skin barrier function, boost the skin’s microbiome, improve skin firmness and smoothen skin texture to enhance radiance and glow holistically. The brand has never been and is not a bleaching product.
Also Read: Unilever donates COVID-19 testing kits to SAJIDA Foundation
"In addition to the changes to Fair & Lovely, the rest of our skincare portfolio will also reflect the new vision of positive beauty."
As with the rebrand of Fair & Lovely, UBL will be also announcing the new name for the Fair & Lovely Foundation.
With the Brand purpose of inspiring women to challenge the low expectations of society Fair and Lovely Foundation was established in 2003 in Bangladesh, completely dedicated to the empowerment and progress of women.
Since then, Fair & Lovely Foundation has been helping Bangladeshi women fulfil their dreams in the form of scholarships, vocational training, and business capital.
In 2019, Fair & Lovely Foundation launched a mobile-friendly career and education platform www.fairandlovelyfoundation.com.bd as a holistic solution that offers Career guidance and High-quality education in the form of curated selection of courses.
Till date, over 45,000 individuals had registered to access training and skills through the platform, including 30,000 women, with more than 6,000 career tests already completed.
As part of Cosmos Dialogue, a webinar titled “Impact of COVID-19 on Bangladesh: Prognosis for Recovery" will be held on Friday connecting experts from home and abroad virtually.
The webinar will begin at 8pm (BST) at www.facebook.com/unbnewsroom which will be the first-ever webinar as part of Cosmos Dialogue.
Cosmos Foundation, the philanthropic arm of Cosmos Group, will organise the webinar.
Chairman of Cosmos Foundation Enayetullah Khan will deliver the welcome speech at the webinar to be chaired by Dr Iftekhar Ahmed Chowdhury, the Principal Research Fellow at the Institute of South Asian Studies, National University of Singapore, and former Foreign Affairs Adviser to Bangladesh’s previous caretaker government.
Prominent economist and Chairman of Policy Research Institute (PRI) Dr Zaidi Sattar will talk about the macroeconomic impact of COVID-19 on Bangladesh and prognosis for recovery.
Prof Haider Khan, John Evans Distinguished Professor of Economics at the University of Denver, will highlight the geopolitical implications of COVID-19 and challenges for Bangladesh.
Muhammed Aziz Khan, founder and Chairman of Summit Power International Limited, Summit Holdings Ltd and IPCO Developments (Bangladesh) Limited, will talk about the impact of COVID-19 on infrastructures in Bangladesh.
Executive Director, Campaign for Popular Education (CAMPE) and former adviser to a previous caretaker government, Rasheda K Choudhury will make a presentation with a focus on the impact of COVID-19 on women and education in Bangladesh and its recovery plans.
President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Dr Rubana Huq will discuss the impact of COVID-19 on the readymade garment sector in Bangladesh.
Cosmos Foundation Executive Director Nahar Khan will deliver the concluding remarks.
Dhaka Courier is the knowledge partner of the event.
Prime Bank and e-Commerce Association of Bangladesh (e-CAB) on Wednesday have joined hands to facilitate financing for e-commerce entrepreneurs.
The partnership titled “Prime Bank-e-CAB Alliance for e-Commerce-MSME Financing Solution” will enable easy access to finance to e-commerce companies as they strive for market expansion locally and globally, according to a press release.
The e-CAB members can now avail collateral free loan up to Tk 50 lakh and other tailor-made financing solutions.
Under the arrangement, the e-commerce firms 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. They will need two-year business experience and introduction letter from e-CAB.
The companies can apply for loan from the comfort of their office or home as Prime Bank has assigned dedicated Relationship Manager for exclusive service for valued e-CAB members.
Minister for Post and Telecommunications Mustafa Jabbar formally launched the alliance through a virtual press meet as the Chief Guest. Prime Bank Managing Director & CEO Rahel Ahmed and e-CAB President Shomi Kaiser were present.
Minister for Post and Telecommunications Mustafa Jabbar said that with this financing initiative of Prime Bank, the earlier distance between banking and ecommerce sector has been reduced significantly.
"Like immovable property in other business, the knowledge and intellectual property of an ecommerce entreprener are valuable asset. Young and creative entrepreneurs are bringing in new innovation in ecommerce industry and injecting dynamism in the economy. If we do not understand their business, we will fall behind. I think after this initiative of Prime Bank, a lot of understanding gap about ecommerce industrty will be dispelled.”
Commenting on the alliance, Managing Director and CEO, Prime Bank Rahel Ahmed, said,“Prime Bank is fully aligned with the government’s vision of making a Digital Bangladesh as the country sets sight to become a middle income country."
Prime Bank’s Head of MSME Banking Syed M Omar Tayub and Head of Brand and Communications Nazmul Karim Chowdhury were also present.
A meeting of the board of directors of Islami Bank Capital Management Limited (IBCML) was held virtually on Wednesday.
Presided over by Professor Md. Kamal Uddin, Ph.D, director of IBBL and chairman of IBCML, the meeting was attended by Md. Joynal Abedin and Md. Zakir Hossain, directors of the bank and IBCML, Muhammad Qaisar Ali and Md. Omar Faruk Khan, additional managing directors of IBBL and directors of IBCML, Md. Ashraful Haque, FCA, CFO of IBBL and director of IBCML, Mohammad Abdur Rahim, FCA, managing director and CEO of IBCML and Abu Syed Md. Nahid, ACS, company secretary, of IBCML.
The meeting took some important business decision.