Wednesday, June 24, 2015

bKash offers up to 20% cash back at 381 outlets on Eid shopping

bKash Limited, the leading mobile financial service provider in the country offers up to 20 percent cash back to its customers if they pay through bKash at 381 outlets of country’s leading brands in fashion, food and e-commerce. 
The major participating brands include Aarong, Yellow, Lotto, Fakhruddin Biryani and Shwapno. Beginning on the first day of the Ramadan, the offer will remain valid till Eid-ul- Fitr day.
The name of the participating brands and their outlets is available in bKash’s website www.bkash.com and Facebook page www.facebook.com/bkashlimited.
There is no additional charge for bKash payment. Upon valid transaction, customer will receive the cash back amount in his or her bKash account on the next working day.
Payment through bKash is being widely accepted at more than 5,000 merchant shops across the country. A bKash customer can make wide range of payment from hospitals bills to taxi fare to plane ticket through bKash.  They can also top up mobile balance of four operators- Grameenphone, Banglalink, Robi and Airtel.

Launched in 2011, bKash, which provides complete mobile financial services to common people is a joint venture of BRAC Bank, US based Money in Motion, World Bank’s private sector investment arm IFC and Bill and Melinda Gates Foundation. (Source: Press Release)

Walton extends installment facility up to 3 years

Walton
The country’s electronics giant Walton has increased the number of installment payment for its products for the customers, especially for those who could not buy Walton brand’s products mainly due to shortage of money in their hands.
From now, consumers can buy Walton brand’s various products by paying nominal down payment at maximum 3-year installment which was previously 30 months.
This new offer is announced by the Walton authority at a press conference on “Offer Delaration Programme” held at the conference room of Walton Office in the city on Sunday.
The press conference was attended by Walton Plaza Sales and Development’s Executive Director Eva Rezwana, First Senior Additional Director Kamal Hossain, Deputy Director Mir Golam Faruk, First Senior Assistant Directors Shafiullah Liton and Al Mahufuz Khan, Assistant Director Obaydul Morshed and other senior officials of the company.
Eva Rezwana said, “We had received good response from the customers after providing 30 months installment facility for purchasing Walton brand products.”
“Now, we have extended the number of payment installment for its products up to 3 years or 36 months so that the people especially the lower income group could buy the technology based products more easily,” she added.
By reducing the country’s import dependency, Rezwana said Walton brand products has already win the customers’ faith and thus strongly committed to bring the technology based products at the people’s doorstep.
Kamal Hossain said this offer will enable the consumers to buy world class standard Walton brand’s television, refrigerator, air conditioner, generator and all other electronics, home and kitchen appliances by paying a little bit money as monthly installment at maximum 3 years installment facility.
All Walton Plazas across the country are providing this latest installment facility as per the compnay’s installment policy, he said adding, the plan is applicable for all Walton products, except for mobile handsets, that cost at least Tk 8,500. This offer will be continued until further notice.
“In addition, if the consumers buy the Walton brand’s products by paying nominal down payment at maximum 6 months installment, they will have to pay the product’s MRP value only,” he said.
During the press conference, they claimed that Walton has captured a lion portion of the country’s refrigerator market. Specially, the consumers are showing keen interest in the large deep based refrigerators of Walton brand. 
The demand for Walton brand refrigerators is increasing day by day across the country due to mainly several reasons, including cheap price, world class quality, service network across the country and production of local weather based refrigerators.
Following the sweltering summer heat and upcoming Eid, the refrigerator’s sales have been increased across the country, they said adding, thus, they have cut the prices of Walton brand’s refrigerators.
In addition, they have extended the number of installments by more 6 months up to 3 years considering the ever-growing demands and buying power capacity of the people. (Source: Press Release)

Republic Insurance Company elects new chairman, vice-chairman

Mr. Mohd. Hanif Chowdhury and Mrs. Hasina Gazi have been elected as Chairman and Vice Chairman of the Board of Directors of Republic Insurance Company Limited respectively in its 93rd Meeting of Board of Directors and Mr. Hamdan Hossain Chowdhury has also been elected as Chairman of Executive Committee of the Company. Mr. Mohd. Hanif Chowdhury is the Chairman of Unitex Group of Companies, Mrs. Hasina Gazi is the Vice Chairman of Gazi Group of Companies and Mr. Hamdan Hossain Chowdhury is the Group Coordinator of Karnaphuli Group of Companies.

The meeting was held on 16th June, 2015 at ANAND Bower & Cuisine, Southern Gate of BAF Shaheen Shopping Complex, Dhaka Cantonment, Dhaka-1206. (Source: Press Release)

Reckitt Benckiser (Bangladesh) declares 550% Cash Dividend for 2014

Reckitt Benckiser Bangladesh
Reckitt Benckiser (Bangladesh) Ltd held its 54th AGM at the Trust Milonayoton, Dhaka on June 21, 2015, Said a press release.
The company had a growth of 9.78% during 2014. The growth has primarily resulted from its power brands – Harpic and Dettol.
The 54th AGM has approved 550% cash dividend for the year 2014.
A good number of shareholders attended the AGM. Among others, Chairman Mr. Nitish Kapoor, Managing Director Mr. Raghu Krishnan; Directors Mr. Nayan Ranjan Mukhopadhyay, Mr.Sushen Chandra Das, Mr. M. Jahangir Kabir, Mr. Mahmud Hasan Khan and Company Secretary Md. Nazmul Arefin were present at the meeting. (Source: Press Release)

Northern General Insurance re-elects chairman, vice chairman

Mr. S. M. Ayub Ali Chowdhury and Mr. Md. Sarwar Salim have been re-elected as Chairman and Vice Chairman respectively of Northern General Insurance Co. Ltd. recently. They were re-elected unanimously in the 163rd meeting of the Board of Directors held on Saturday, June 13, 2015.
Mr. S. M. Ayub Ali Chowdhury is one of the Sponsor Director of Northern General Insurance Co. Ltd.  As a prominent businessman of the country, he is involved in the business of Manufacturing, Pharmaceuticals and Trading Business. He is the Managing Director of City Pharmaceuticals Ltd. and Chairman of Hi-Fashion Limited, K-B Knit Fashion Ltd., Fortune Fashion Ltd. & Proprietor of Chowdhury Construction.

Mr. Md. Sarwar Salim is one of the Sponsor Director of the company. He is a highly proficient personality in the field of Banking Sector having a long experience in Multinational Banks holding Senior Position. He is involved in diverse area of business like Manufacturing, International Trading, Properties Business. He is the Managing Director of Panwin Fashion Limited, Panwin Garments Limited, Panwin Design Limited , Pantax Accessories (Pvt.) Limited and Director of Western Developers Limited.  (Source: Press Release)

LankaBangla Finance signs deal with Wings Classic Tours & Travels Ltd

LankaBangla Finance Ltd
LankaBangla Finance Ltd. (LBFL) has recently signed an MOU with Wings Classic Tours & Travels Ltd. for its customer privilege.
Under this agreement, LankaBangla MasterCard & VISA Card members will enjoy installment facility @ 0% under “ezypay” scheme. Khurshed Alam - Head of Retail Finance of LBFL & Murshed Ahmed – Chief Operating Officer signed the MOU for their respective organizations. Mir Shafiqul Islam, Credit Card Head, Khandakar Shazzad Hossain, Relationship Sr. Officer of LBFL and other officials of both organizations were present at the signing ceremony. (Source: Press Release)

ICAB President Masih Malik Chowdhury attends Discussion on Post Budget Scenario 2015

ICAB
ICAB President Masih Malik Chowdhury FCA spoke at ‘Discussion on Post Budget Scenario 2015’ by the Institute at VIP Lounge, National Press Club on Thursday, 18 June 2015.
Among others, Vice President Kamrul Abedin FCA, Past President and Council Members Abbus Uddin Khan FCA, Md. Humayun Kabir FCA, Md. Syful Islam FCA and Md. Abdus Salam FCA also participated in the discussion. (Source: Press Release)

Green Delta Insurance CEO Farzana Chowdhury attends Bangladesh Garment Industry Conference at Harvard University

Green Delta Insurance Company Limited
Managing Director and CEO of Green Delta Insurance Company Limited, Ms. Farzana Chowdhury, ACII (UK) has recently presented a paper on Insurance at Harvard University, Boston.
She presented the paper on Bangladesh Garment Industry Conference 2015 held recently. The topic of the paper was: Insurance- an integral partner for RMG sector of Bangladesh.
The participants at this year’s conference discussed the progress the industry made since the tragedies happened two years earlier and they also identified the areas where the stakeholders needed to focus more to keep the momentum going.
Farzana Chowdhury, spoke at a panel discussion in the conference and highlighted the major reasons why insurance should be an integral part of the RMG sector. (Source: Press Release)

Delta Life Insurance holds 29th Annual General Meeting

Delta Life Insurance Co Ltd
The 29th Annual General Meeting of Delta Life Insurance Co Ltd was held on Sunday, the 21st June, 2015 at Delta Life Tower, 16-17 M.A. Bari Sarak with Mr. Monzurur Rahman, Chairman of the Board of Directors in the chair.
The meeting approved the Annual Accounts, Balance Sheet and dividend 20% Cash for each share of Tk.10.00 for the year 2014.
Welcoming the shareholders the Chairman in his address gave a brief description of the performances and achievement of the Company during the year 2014. He said “Despite all the political turmoil and formidable challenges Delta Life has completed another year of profitable operations. Delta Life had a premium income of TK.544.43 crore, investment and other income was TK.300.28 crore and life fund stands at Tk.3,052.92 crores in 2014 he added.
Mr. Swapan Kumar Sarkar, FCA (Chief Executive Officer), Ms. Adeeba Rahman, ACII (Additional Managing Director), Mr. Chowdhury Qamrul Ahsan (Executive Director and
In-charge, Board Affairs) was also present on the occasion.

Among others, Directors of the Company, Mr. Uttam Kumar Sadhu (Deputy Managing Director), other high officials and a large number of shareholders were present in the AGM. (Source: Press Release)

Apex Footwear, ZANALA Systems sign agreement for Smart Customer Interface Solution

Apex Footwear Limited
Apex Footwear Limited and ZANALA Systems Limited have recently signed an agreement for Smart Customer Interface Solution through 40” touch screen kiosk at their Bashundhara outlet.

Through this Apex Footwear’s walk-in customer can able to browse their products with prices without roaming around their 15,000sqft showroom and can order the product  accordingly. Besides, customer can provide feedback and can connect to their online purchase website  from this kiosk. AMD-Syed Gias Hussain, COO- Rajan Pillai, Head of Retail-Md. Taifur Rahman, Head of Wholesale-Ashrafuddin Ahmed, Head of HR-Md. Mizanur Rahman, Head of IT-Qazi Nazmul Hossain,Marketing Manager Zoheb Ahmed, Asst.Manager Shoaib Hasnien, Quazi Nazmul Hossain-Head of Information Technology/IT,  Apex Footwear Limited and Tamzid Siddiq Spondon-Managing Director/, Saiful Amin-Head of Sales & Customer Services, Sujayet Ekhlas, Senior Associate Manager-Business Development of ZANALA Systems Limited were present in this agreement ceremony/occasion. Apex Footwear Limited