17-11-2021

WEDNESDAY, NOVEMBER 17, 2021
8
‘Walton going to become top
global electronics brand’
"Bangladesh is now a vital
market for electronics and
computer products.
Consumers have more trust
to domestic made products
than the foreign ones.
Besides, the popularity and
demand of electronics and
IT products with the 'Made
in Bangladesh' tag are
increasing all over the world.
Bangladeshi company
Walton is exporting its
various products to more
than 40 countries. Now the
goal of Walton is to become
one of the world's top
electronics brands by 2030.
The company has taken
various initiatives to achieve
the target. We believe
Walton is going to be one of
the top global electronics
brands very soon."
Engineer Md. Liakat Ali,
Deputy Managing Director
(DMD) of Walton Digi-Tech
Industries Ltd., made the
remarks at an international
conference titled 'World
Congress on Information
Technology 2021' (WCIT
2021). The conference, held
from November 11 to 14 at
the Bangabandhu
International Conference
Center in the capital, was
organized by the ICT
Ministry. The congress was
attended by government
representatives as well as
local and foreign IT
entrepreneurs and experts.
Engineer Md. Liakat Ali
was the panel speaker at a
seminar titled 'Bangladesh
Going Global' held on the
congress. The program was
conducted by the Dhaka
University's Institute of
Business Administration
Director Professor. Dr. Syed
Ferhat Anwar. The
discussion highlighted
sustainable digital
partnerships, efficient
human
resource
development, investment
opportunities
in
Bangladesh, challenges and
prospects of domestic
companies in the IT sector,
opportunities for
Bangladeshi companies to
compete in the global
market and preparations for
the Fourth Industrial
Revolution.
In his speech, Walton
Digi-Tech's DMD Engineer
Md. Liakat Ali, on behalf of
IT product manufacturers,
highlighted the huge
potentials in the production
of electronics and IT
products and Walton's
success in this sector. He
said Walton is the only
Bangladeshi company in the
country that is currently
showing significant success
in manufacturing,
marketing and exporting
various IT products
including laptops, desktops,
computer accessories and
printed circuit boards.
Walton is working centering
the Fourth Industrial
Revolution.
Replying to a question on
efficient human resource
management in the country,
he said Walton has its own
initiatives for efficient
human
resource
development and
management and is working
closely with various
government initiatives in the
sector.
Managing Director of
Bangladesh Hi-Tech Park
Authority Dr. Bikarna
Kumar Ghosh, Managing
Director of Digicon
Technologies Ltd. Wahid
Sharif, Sales Director of
Southtech Ltd. Syeda
Wedad Quader and Founder
& CEO of Ulka Games Ltd.
Jamilur Rashid were among
others present on the
seminar.
Walton was the platinum
sponsor of the 'World
Congress on IT 2021'.
Walton DG-Tech Industries Limited's DMD Engineer Md. Liakat Ali is
speaking at the panel discussion of the seminar titled 'Bangladesh Going
Global' at the International Conference on 'World Congress on IT 2021'.
The Meeting with Mangers of ChattogramNorth and Chattogram South Zone
of First Security Islami Bank Limited recently held at Radisson
BluChattogram Bay View. The program was presided over by Syed Waseque
Md. Ali, Managing Director of the bank. Among others, Abdul Aziz,
Additional Managing Director, Md. Masudur Rahman Shah, Deputy
Managing Director,Mr. Mohammed Hafizur Rahman, Head of Chattogram
North Zone, Mr. Mohammed Kamal Uddin, Head of Chattogram South
Zone, K. B. M. Ismail Chowdhury, Head of General Services Divisionand
Branch Managers of the Chattogram North and South zones were participated
in the Conference. The program reviewed the operational performance of
individual branches for the period of July-2021 and onward and delivered
directions to attain targets set for next periods of the year. Photo : Courtesy
40 years of RFL Tubewell
Promise to provide pure drinking water to 40 villages
RFL tubewell, the first
product of country's leading
business conglomerate RFL
Group, has completed 40
years. On this occasion, the
group will provide pure
drinking water to 40 villages
in different parts of the
country. RFL Group
Managing Director RN Paul
made the announcement at a
function to mark the 40th
anniversary held at a hotel in
the capital's Badda on
Tuesday.
Addressing the occasion,
RN Paul said, "RFL tubewell
started its journey in the
eighties of the last century
when people weresuffering
from various water borne
diseases due to lack of pure
drinking water. Since then,
RFL has been meeting the
needs of drinking
waterformajority in the
country. We are proud to be
able to provide safe drinking
water to nearly 30 million
families. "
French inflation
climbs in October
PARIS : French inflation
rose 2.6 percent year-onyear
in October, official
data showed Tuesday, as
energy prices soared.
"This rise in inflation is
due to an acceleration in
energy prices (+20.2
percent) and services (+1.8
percent)," the Insee
national statistics agency
said in a statement.
In September, consumer
prices rose by 2.2 percent.
Governments the world
over are eyeing inflation
with concern.
As economies recover
from the pandemic and
people return to a
semblance of normality,
inflation is surging to levels
not seen in decades owing
to a spike in demand and
supply chain snarls.
Solution to post-Brexit
N. Ireland trade row
'still possible': PM
LONDON : Britain's prime
minister said Monday that
finding a solution with the
European Union to Brexit
agreement problems
regarding Northern Ireland
"still seems possible", but
reiterated he was ready to
trigger a suspension clause in
the deal.
The Northern Ireland
Protocol, the part of the Brexit
deal that deals with the
British province, was
designed to keep an open
border between Northern
Ireland and Ireland-a key
requirement of the 1998
peace deal that ended three
decades of violence over
British rule.
It imposes checks on goods
heading to the province from
mainland Great Britain-
England, Wales and
Scotland-to prevent them
travelling via EU member
state Ireland into the rest of
the bloc unchecked.
Unionists in Northern
Ireland argue the checks
effectively create a border in
the Irish Sea, compromising
the province's place in the
wider UK.
Britain and the EU are at
loggerheads over the rules,
which London signed up to in
2019 but now says are
unworkable, and which
Brussels maintains are
needed to protect the
integrity of the EU single
market.
Speaking at the Lord
Mayor's Banquet in London,
Prime Minister Boris
Johnson insisted his
government "would rather
find a negotiated solution to
the problems created by the
Northern Ireland Protocol,
and that still seems possible".
The EU has warned of
"serious consequences" if the
suspension goes ahead.
Talks to resolve the
deadlock broke up without
agreement last week, but will
resume in Brussels this week.
He added, "We have been
able to come to the present
situation because consumers
were with us. So, we have
responsibility to the country
and its people. As part of this
responsibility, we have been
conducting various CSR
activities. In continuation of
this, on the occasion of the
40th anniversary, pure water
will be provided to 40 villages
through tube wells in remote
and char areas of
Bangladesh".
Abdul Kuddus Miah,
business In-charge of RFL
tubewell, said that the name
RFL tubewell comes to mind
when the name of
tubewellcomes to the fore.
RFL tubewell has become
one of the leading brands in
the country due to its wide
presence, affordable prices
and excellent quality. RFL
tubewell has been the source
of drinking water of the
peopleall over the country for
40 years.
A day-long Training Program on "Prevention of Money Laundering & Combating the Financing of
Terrorism" was held on November 13, 2021 in Madaripur for the officials of different scheduled
Banks operating in Madaripur & Shariatpur Districts. Mercantile Bank Ltd arranged the Training
Program as Lead Bank under the guidance of Bangladesh Financial Intelligence Unit (BFIU). Shamim
Ahmed, Deputy Managing Director & Chief Anti Money Laundering Compliance Officer (CAMLCO),
Mercantile Bank Limited chaired the program while Mohammad Mahbub Alam, Deputy General
Manager, BFIU was the chief guest. Besides, Md. Anwarul Haque, Joint Director, Mohammad Main
Uddin, Joint Director and Md. Faisal Kabir, Assistant Director of BFIU along with Md. Moshaddeque
Hossain, Head of AML & CFT Division & Deputy CAMLCO of MBL, Javed Tariq, Principal of MBTI also
attended the training program.
Photo : Courtesy
Standard Bank's Additional Managing Director Md. Touhidul Alam Khan,
FCMA, delivering speech on "Journey towards Sustainable Banking and
Financial Inclusion in Bangladesh through Innovation" in '8th
International Sustainable Development Conference (SDC-2021)' held virtually
from November 12-14, 2021. He also participated in panel discussion on
"The Importance of Education for Sustainable Development" as panelist in
a session.
Photo : Courtesy
WASHINGTON : Pfizer, BioNTech and
Moderna are making combined profits of
$65,000 every minute from their highly
successful Covid-19 vaccines while the
world's poorest countries remain largely
unvaccinated, according to a new
analysis.
The companies have sold the vast
majority of their doses to rich countries,
leaving low-income nations in the lurch,
said the People's Vaccine Alliance (PVA),
a coalition campaigning for wider access
to Covid vaccines, which based its
calculations on the firms' own earning
reports. The Alliance estimates that the
trio will make pre-tax profits of $34
billion this year between them, which
works out to over $1,000 a second,
$65,000 a minute or $93.5 million a day.
"It is obscene that just a few companies
are making millions of dollars in profit
every single hour, while just two percent
of people in low-income countries have
been fully vaccinated against
coronavirus," Maaza Seyoum of the
African Alliance and People's Vaccine
Alliance Africa said.
"Pfizer, BioNTech and Moderna have
used their monopolies to prioritise the
most profitable contracts with the richest
governments, leaving low-income
countries out in the cold."
Pfizer and BioNTech have delivered
less than one percent of their total
supplies to low-income countries while
Moderna has delivered just 0.2 percent,
Tokyo stocks trade
lower with eyes on
US-China talks
TOKYO : Tokyo stocks
traded lower after opening
flat on Tuesday following a
choppy US session, with
investors shifting their focus
to a US-China summit.
The benchmark Nikkei
225 index was down 0.26
percent, or 78.87 points, at
29,697.93 about half an
hour after the opening bell,
while the broader Topix
index, which opened higher,
was down 0.05 percent, or
0.93 points, at 2,047.59.
The Japanese market is
starting with a weak appetite
"following falls in US shares,
with (investors) watching
the online US-China
summit," senior market
analyst Toshiyuki
Kanayama of Monex said in
a note.
US President Joe Biden
and China's Xi Jinping were
holding talks during Tokyo
trading hours at a virtual
summit aimed at calming
tensions over Taiwan and
other flashpoints.
The two leaders have
spoken by phone twice since
Biden's inauguration in
January but with Xi not
travelling abroad because of
the pandemic, an online
video meeting was the only
option short of an in-person
summit.
Pfizer, BioNTech, Moderna making $1,000 profit every second
the PVA said. Currently, 98 percent of
people in low-income countries have not
been fully vaccinated.
The three companies' actions are in
contrast to AstraZeneca and Johnson &
Johnson, which provided their vaccines
on a not-for-profit basis, though both
have announced they foresee ending this
arrangement in future as the pandemic
winds down. PVA said that despite
receiving public funding of more than $8
billion, Pfizer, BioNTech and Moderna
have refused calls to transfer vaccine
technology to producers in low- and
middle-income countries via the World
Health Organization, "a move that could
increase global supply, drive down prices
and save millions of lives."
ONE Bank Limited recently signed a partnership agreement with Modhumoti Bank Limited. Under
the agreement, both parties will work together towards removing cash friction and building digital
eco system. OK Wallet customers can avail Cash-In, Cash-Out, bill payment and other OK Wallet
services through by Modhumoti Bank Agent Banking Outlets. In addition, OK Wallet customers can
enjoy add money and fund transfer facility at Modhumoti Bank account and withdrawal cash from
Modhumoti Bank ATM under this agreement. Md Monzur Mofiz, Additional Managing Director of
ONE Bank Limited and Md. Shafiul Azam, Managing Director & CEO of Modhumoti Bank Limited
signed the agreement on behalf of their respective organizations. The high officials of both the
organizations were also present in the ceremony.
Photo : Courtesy