Islami Bank Bangladesh Limited Khulna Zone organized Agent Banking Business Development conference and workshop in Khulna on Sunday.
The conference titled ‘Prevention of Money Laundering and Terrorist Financing’ was held at a hall in the city.
Mohammed Monirul Moula, additional managing director of the bank addressed the program as chief guest.
Abu Reza Md Yeahia, deputy managing director addressed the program as special guest with Md Abdus Salam, head of Khulna Zone in the chair.
Managers of 22 branches and proprietors of 101 Agent outlets of the Bank attended the conference.
Two companies of PRAN-RFL Group on Monday received the awards of highest VAT payer at 25th Dhaka International Trade Fair (DITF)-2020.
Choudhury Atiur Rasul, director (accounts) of PRAN-RFL Group received the awards on behalf of the two companies from Masud Sadiq, Member (Vat Policy) of Customs Excise and Vat Commissionerate and Dr Moinul Khan, Commissioner of Customs, Excise & VAT Commissionerate, Dhaka (West) at Customs office, Excise & VAT Commissionerate, Dhaka (West) in Mirpur.
This year, 10 companies received the highest VAT payers awards for DITF-2020 while Banga Bakers Limited and Multi Line Industries Limited of PRAN-RFL Group got the award.
Atiur Rasul said, “It’s a matter of pride that we received the awards. This recognition will play stronger role to move PRAN-RFL Group forward in future.”
The #1 network of friends, Airtel, has come up for the very first time with a cashback offer on purchase of bundle packs from the My Airtel App. Airtel subscribers can avail up to 40-taka cash back on purchasing bundle packs at a cost of 148 to 448 taka.
The 448-taka bundle pack offers 500 minutes talk time and 22GB internet with 40-taka cashback. The 248-taka bundle pack offers 300 minutes talk time and 7GB internet with 25-taka cashback. The 148-taka bundle pack offers 200 minutes talk time and 3GB internet with 15-taka cashback. All the packs are valid for 30 days, said a press release
The cashback amount will be added to the main account balance of the customers. After purchasing any one of the selected bundle packs, an SMS will be sent to the customer where it will be communicated to dial a specific USSD code. All Airtel prepaid customers can enjoy the offer.
Dhaka Chamber of Commerce & Industry (DCCI) and Policy Research Institute of Bangladesh (PRI) signed a Memorandum of Understanding (MoU) on Sunday to facilitate research.
Dr Zaidi Sattar, chairman, PRI and Shams Mahmud, president, DCCI signed the MoU on behalf of their respective organizations at the PRI premises, said a press release.
According to the MoU, both the parties aim to establish a formal professional network, enable exchange of information, strengthen cooperation and conduct research between the two organizations.
Dr Ahsan H Mansur, executive director, PRI, Dr G M Khurshid Alam, operations director, PRI, Dr Ashikur Rahman, senior economist, PRI and N K A Mobin FCA, FCS, senior vice president, DCCI were also present at the event.
Bangladesh’s mobile phone market returned to growth in 2019 with a 4.1 percent annual growth, shipping 29.6 million units during the year, said a new report released from New Delhi on Monday.
Feature phones continued to dominate with 76.6 percent share and 22.7 million units shipment with a 4.9 percent annual growth, according to the International Data Corporation’s (IDC) Worldwide Quarterly Mobile Phone Tracker, 4Q19.
In the smartphone category, a total of 6.9 million smartphones were shipped in 2019 with a 1.4 percent year-over-year (YoY) growth.
The last quarter of the year (4Q19) saw the healthy growth in the overall mobile phone shipments as the category grew 19.5 percent YoY and 16.2 percent from the previous quarter, contributing 8.8 million shipments to the year.
In June 2019, the government of Bangladesh increased the customs duty on the import of completely built units (CBU) of the smartphone to 25 percent from 10 percent earlier, resulting in a 4.1 percent decline YoY in 2H19.
However, as feature phones were left outside of this increased duty structure, it saw a strong recovery with 20.1percent YoY growth in 2H19.
The China-based vendors continued to launch higher-priced smartphone models with better specifications.
This helped the average selling price (ASP) of smartphones to reach $99 with a 5.7 percent YoY growth in 2019.
The share of 4G-enabled smartphones reached 69 percent with 50.4 percent annual growth in 2019.
However, 3G smartphones still hold 31 percent category share, primarily because these smartphones were selling at less than half of the price of a 4G smartphone. Also, due to limited coverage and poor quality of the 4G network, users are still reluctant to upgrade.
“Despite modest growth, the country saw a shift in local manufacturing as three out of four smartphones shipped in 4Q19 were locally assembled from just one-fourth smartphones assembled in 1Q19,” says Ekta Mittal, Market Analyst, Client Devices, IDC India.
“Walton was the leading vendor in local production as it assembles all its devices in the country. Among the global vendors, Samsung assembles almost all of its smartphones in the country but still depends on import of feature phones. Also, OPPO and vivo had started their local production from 2H19 and a few more vendors are expected to set up their local production in the coming months,” said Mittal.
Commenting on the recent growth of local assembly, Jaipal Singh, Associate Research Manager, Client Devices, IDC India said as the local governments continue to discourage the CBU (Completely Built Units) import across countries, it is putting immense pressure on global vendors to diversify their production plants in key geographies to meet the local demand.
Singh said this provides an opportunity to reduce the dependency on China.
“At the same time, it also brings a lot of challenges, starting from managing the overall cost, inventory, and production, especially when the domestic demand is limited, and manufacturing is largely restricted to assembling of devices locally and all the components still have to be imported.”
“As vendors settle their production challenges, we expect a gradual shift to smartphones in the coming years. However, the 4G network coverage and data pricing will play a critical role in this transition,” Singh said.
Top 5 Company Highlights: 2019
Samsung surpassed Symphony to become the market leader in 2019. It shipped 1.1 million units with an 87.1 percent annual growth, mainly contributed by its expansion in tier-2 and tier-3 cities. Galaxy A2 core was the top-selling model for the company comprising one-fifth volumes, followed by Galaxy A10.
Symphony slipped to the second slot as its shipments declined 29.5 percent from the same time a year ago. The vendor attempted to correct the pricing of its existing models and introduced new models in ultra-low-end price bands with better specifications. However, it struggled to compete against the new competition from China-based vendors and Samsung’s expansion.
Transsion displaced Huawei for the third position as its shipments grew 14.3 percent in 2019. Its effective channel management, continuous focus on the ultra-low-end segment, and strong retailer connect helped it to gain a quick share in the market. Also, its sub-brand “Tecno” saw an impressive 75.5 percent YoY growth in 2019 due to the increased market visibility.
Walton climbed to the fourth position as its shipments saw 23.6 percent annual growth in 2019. Walton was able to strengthen its position in the entry-level segment as its share had increased to 15.4 percent in 2019 from 11.0 percent a year ago in the sub $100 segment. Brand’s EMI scheme is also playing a role in onboarding first-time users.
Xiaomi made it to the top 5 for the first time as the brand almost doubled its shipments from a year ago. Xiaomi had been aggressive throughout the year and launched 14 new models in 2019.
Xiaomi’s Redmi Go and Redmi 6A contributed almost one-fourth to its total volumes and helped it to further cement its position in the entry-level segment.
IDC is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets.