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Walton adds 4 latest models of refrigerators

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Walton recently announced 4 new models of its premium series refrigerators with conceptual designs and advanced technologies.

The features and technologies of the refrigerators include Syntho-Fresh and UV-C technology, intelligent germ terminator (IGT), smart control, ceramic-coated premium glass and elegant door handle.

Syntho-Fresh technology is used to keep fruits and vegetables fresh by simulating the natural lights at specific wavelengths.

Also, the UV-C technology used in these new models protects refrigerated food from airborne viruses and bacteria. Intelligent germ terminator technology destroys airborne germs and eliminates unwanted odors.

The 244 to 268-liter refrigerators to be available in the domestic market from October for Tk40,590 to Tk46,990, according to a media statement.

Golam Murshed, managing director of Walton Hi-Tech Industries, unveiled the new products at Walton in Dhaka Sunday.

 

Read More: Walton Smart TV receiving great response in Ireland

 

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Bangladesh Finance Wins Sustainable and Green Financing Award

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Bangladesh Finance has been awarded the ‘Best Climate-Focused Financial Institution in Bangladesh Award’ for its strong commitment to sustainable and green financing. The award ceremony took place on Thursday, May 23, at the Nawab Ali Chowdhury Senate Building of Dhaka University.

The award was presented during the 24th session of the National Renewable Energy Conference and Green Expo, jointly organized by the Dhaka University Institute of Energy and the GreenTech Foundation. The award was handed over by Achim Troster, the German Ambassador to Bangladesh, and Alex Berg von Linde, the Swedish Ambassador to Bangladesh, to Mohammad Kaiser Hamid, Managing Director and CEO of Bangladesh Finance.

The event was also supported by USAID, SREDA, IDCOL, and BSREA.

Notable attendees included Charles Whiteley, the Ambassador and Head of the EU Delegation to Bangladesh, former Governor of Bangladesh Bank Dr. Atiur Rahman, Dhaka University’s Pro Vice-Chancellor (Education) Sithech Chandra Bacher, and other senior officials from Bangladesh Bank. This award highlights Bangladesh Finance’s commitment to promoting a sustainable and green economy and strengthening green financing initiatives.

Mohammad Kaiser Hamid, Managing Director and CEO of Bangladesh Finance, stated, “Our business model is driven by a commitment to transparency and ethical practices, which has facilitated our significant achievements in green financing and sustainable investments. To contribute to the development of a sustainable and green Bangladesh, we have created a specialized product called Bangladesh Finance Green Deposit. Additionally, we are firmly committed to implementing the United Nations’ Sustainable Development Goals.”

It is noteworthy that Bangladesh Finance has twice been recognized by Bangladesh Bank as the top sustainable financial institution in the past two consecutive years.

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Emerging Economies Offer Great Opportunities, Say Experts

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Emerging Economies Offer Great Opportunities, Say Experts

JCI North organized a seminar titled “Development Opportunities in Emerging Economies and Roadmap for Scholarship and Funding” on 25 May 2024 at the EMK Center, Gulshan, Dhaka. The event featured Dr. Laura E. Kodres, former IMF Assistant Director and Associate at the Global Center for Finance and Policy, as the main presenter.

The seminar also included insights from several distinguished discussants: Prof. Dr. Abdul Hannan Chowdhury, former dean of the School of Business and Economics (SBE) at North South University (NSU); Ifty Islam, Chairman of Asian Tiger Capital Partners; M. Shaifur Rahman Mazumdar, FCA, FCMA, Managing Director of Chittagong Stock Exchange PLC (CSE); M.S. Siddiqui, Chief Executive Officer of Bangla Chemicals and Legal Economist; and Md. Nazmul Hasan, Associate Professor at the University of Dhaka. Md. Minhaz Bin Salim, a member of the Board of Directors of JCI Dhaka North, moderated the event.

Dr. Kodres highlighted the crucial role of central banks in maintaining investor trust through prudent monetary policies. She emphasized that central banks ensure financial stability by overseeing commercial banks, safeguarding depositors’ funds, and facilitating productive lending. In a globalized world, the central bank’s mandate extends to maintaining the value of money, thus fostering financial stability when depositors receive their funds back with interest. She also touched on topics such as inflation, infrastructure, stock markets, and the private sector, noting the high potential in emerging economies if opportunities are understood and utilized effectively.

Prof. Dr. Abdul Hannan Chowdhury stressed the importance of creating a supportive environment for entrepreneurs, stating, “The country has yet to create an atmosphere where entrepreneurs can easily start their businesses. Ease of doing business is crucial for Bangladesh to support entrepreneurs.”

Ifty Islam discussed the potential of financial technology to attract more investors with diverse products at low costs, leading to significant returns. He envisioned a future where digital wallets could transform ordinary citizens into active investors in the stock market, thus increasing the number of trading accounts.

M. Shaifur Rahman Mazumdar emphasized the need for comprehensive policy support in the capital market. He pointed out that policymakers need to address tax GDP issues and provide targeted policies for sectoral development, specifically in the capital market, to ensure robust regulatory structures.

M.S. Siddiqui addressed market manipulation issues, noting that many companies fail to pay dividends, which manipulators exploit. He highlighted the need for regulatory vigilance to prevent sudden, unjustified increases in share prices. He also critiqued the regressive policies affecting the SME sector despite its potential.

The seminar also featured a panel discussion moderated by Md. Minhaz Bin Salim, who presented a brief on the “Roadmap of Scholarship and Funding” to the guests. Experts underscored the impact of technology on Bangladesh’s financial sector, noting that proper technology use could enhance customer trust and increase investments.

The event attracted participants from reputed universities and organizations, with over 100 attendees joining via Zoom and in person. The seminar aimed to impart expert knowledge to newcomers, shaping the next generation of economic experts. The program concluded with a vote of thanks from JCI National President Imran Kadir.

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GP, bKash Unite to Transform Customer Convenience

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Grameenphone (GP) and bKash Partner to Simplify Financial Inclusion

Grameenphone, a leading smart connectivity provider in Bangladesh, has teamed up with bKash, the country’s largest Mobile Financial Service (MFS) provider, to enable seamless bKash account openings directly through the MyGP app. This innovative feature sets a new standard for accessibility and ease of use in mobile financial services.

The integration within the MyGP app marks a pioneering initiative, being the first of its kind in Bangladesh. This collaboration reinforces Grameenphone and bKash as major innovators in their respective industries. According to a press release, this partnership allows customers to register for bKash accounts by simply clicking on a dedicated section within the MyGP app.

With user consent and a few verifications, customers are swiftly directed to the bKash registration platform, where they can complete the eKYC (electronic Know Your Customer) process. This streamlined procedure enables customers to quickly access a wide range of financial services offered by bKash. Initially, this service is available to Android users through the MyGP app.

New customers who open a bKash account via the MyGP app will receive a bonus of up to Taka 125, encouraging them to explore the diverse features and services provided by the bKash platform.

Expressing his enthusiasm for the partnership, Yasir Azman, CEO of Grameenphone, stated, “At Grameenphone, our customers are at the heart of everything we do. Our collaboration with bKash reflects our customer-centric approach and our commitment to promoting financial inclusion and digital empowerment to create a Smart Bangladesh.”

Kamal Quadir, Founder and CEO of bKash, echoed this sentiment, adding, “Financial inclusion and inclusive services have been part of bKash’s DNA since its inception. This innovative joint initiative with Grameenphone will allow customers to instantly access various financial services, contributing to the digital ecosystem. This increased accessibility will enable more customers to embark on Bangladesh’s cashless journey.”

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