06-06-2022

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Recently United Commercial Bank Ltd has started a 10 days Banking Foundation Course at Learning &Development Center, Head Office. The program was inaugurated by N. Mustafa Tarek, DeputyManaging Director. Masud Rayhan, Head of Learning & Development Center along with other L&DOfficials of UCB were also present during the inauguration".Photo : CourtesyNagad Holds Distributors Meet-2022The Postal Department'smobile financial serviceNagad organized 'NagadTycoons Meet' or'Distributors Meet 2022'.Distributors, regionalmanagers, and marketdirectors of Nagad fromacross the countryparticipated in the eventunder the slogan 'The Winnerof Change'.The 'Tycoons Meet 2022'was held at the capital's fivestarhotel Le Meridienrecently. 164 distributors,regional managers andmarket directors fromthroughout the countryattended the one-day event.The occasion was alsoattended by Tanvir A.Mishuk, Founder andManaging Director of Nagad,Rahel Ahmed, ChiefExecutive Officer (CEO) ofNagad, Executive Directors,and many other departmentheads and higher officials ofthe organization.The 'Nagad Tycoons Meet2022 event started in themorning and continued tillnight. In addition toconducting severalworkshops, distributors,regional managers andmarket directors from variousregions were recognized fortheir accomplishments basedon goals or performancesduring the day-long event.Distributors from around thenation were thrilled to receivethe crest and exclusiverewards from Nagad inrecognition of theiroutstanding performance.In addition, the popularmobile financial serviceNagad has arranged a culturalprogram to enhance theappeal of 'Nagad TycoonsMeet 2022'. The audiencewas captivated by the standupcomedy of popular actor SajuKhadem, the danceperformance of Bengali filmactress Nusrat Faria andfinally popular songsperformed by legendarysinger Kumar Biswajit.Addressing the distributor,Regional Managers andMarket Directors, Tanvir AMishuk, Founder andManaging Director of Nagadstated, "Since its inception,Nagad has been the world'sfastest-growing MFS, withover 6 crore valued customerswith nearly BDT 1,000average daily transactions.This has only been madepossible due to yourcollaborationandpartnership. "When I wantedto introduce Nagad, manypeople advised against it" hestated. The negative factsconcerning monopolisticdomination and the MFSindustry were the primaryfactors. However, you werethe first one to believe in meat that time. Thank you verymuch. I would not be heretoday if it weren't for you.""We were far behind interms of financial inclusion inthe country," stated RahelAhmed, CEO of Nagad.Appropriate digitalinnovation was required topull the ordinary people of thecountry into this financialinclusion. At that time, like ameteor, Nagad came into playas a change-maker. Theservice has extendedthroughout Bangladesh andyou are the driving forcebehind this. Furthermore, byutilizing e-KYC and Nagad D-KYC, many people have beenbrought under financialinclusion through you."National Housing Finance and InvestmentsLtd declared 15.00pc Cash DividendMercedes recallsone million oldercars: GermanauthorityBERLIN : German carmakerMercedes-Benz is recallingnearly one million oldervehicles worldwide due to apotential problem with thebraking system, the federaltransport authority (KBA)said.The KBA said in a statementdated June 1 and reported lateSaturday in German mediathat the recall affected carsbuilt between 2004 and 2015,of the SUV series ML and GLand the R-Class luxuryminivan."Corrosion on the brakebooster can in the worst caselead to the connectionbetween the brake pedal andthe braking system beinginterrupted," the KBA said."As a consequence, theservice brake can stopfunctioning."The KBA said thatworldwide 993,407 vehicleswere being recalled, includingaround 70,000 in Germany.Mercedes-Benz confirmedthe recall later in a statementsent to AFP, saying the movewas based on "analysis ofisolated reports for certainvehicles"."In rare cases of very severecorrosion, it might be possiblefor a particularly strong orhard braking manoeuvre tocause mechanical damage tothe brake booster, wherebythe connection between brakepedal and brake system wouldfail," Mercedes said."In such a very rare case, itwould not be possible todecelerate the vehicle via theservice brake. Thus, the risk ofa crash or injury would beincreased."The company said it would"start with the recallimmediately" and contact theowners of the "potentiallyaffected vehicles".MONDAY, JUNE 6, 2022Baby formula plantlinked to US shortageresumes productionWASHINGTON : Production resumed Saturday at an AbbottNutrition baby formula plant in the US whose closure helpedfuel a crippling nationwide shortage.The facility in Sturges, Michigan has met initial governmentsanitary requirements for reopening, the company said in astatement.The plant, a major producer of formula, shut down and issueda product recall in February after the death of two babies raisedconcerns over contamination.Subsequent shortages were particularly worrying to parentsof infants with allergies or with certain metabolic conditions.They desperately scoured stores and online sources for thespecialized formulas.Their concerns became so acute that President Joe Biden metvirtually this week with infant-food executives and insisted hisadministration was doing everything it could to help.The crisis, coming at a time when soaring inflation andsupply-chain delays have fanned a growing sense of uneaseamong many ordinary Americans, has been seized on by Bidencritics to question the competence of his administration.Abbott, which controls about 40 percent of the US baby foodmarket, said Saturday that it was restarting production of itshypoallergenic EleCare formula and that the product should beback on store shelves around June 20."We're also working hard to fulfill the steps necessary torestart production of Similac and other formulas," Abbott said."We will ramp production as quickly as we can while meetingall requirements."The formula shortages, initially caused by supply chainblockages and a lack of workers due to the pandemic, wereexacerbated when Abbott closed its Sturges plant.The plant was shut down amid complaints the plant lackedadequate protections against contamination from bacteriacomplaintsechoed after a six-week inspection by US Food andDrug Administration agents."Frankly, the inspection results were shocking," FDA chiefRobert Califf told members of a House subcommittee lastmonth.There was standing water in key equipment that presented"the potential for bacterial contamination," plus leaks in theroof and a lack of basic hygiene facilities, he said.But Abbott officials, while apologizing for the formulashortage, have said there is no conclusive evidence linking theformula to infant illnesses or deaths.For Biden, the issue had blown up into a political maelstrom.He told reporters Wednesday that he was only informedabout the looming problem in early April and that he had pulledall the levers of government to resolve shortages ever since."I don't think anyone anticipated the impact of the shutdownof one facility," Biden said at a virtual meeting with theexecutives from five companies helping to take up the slackcaused by Abbott's problems."Once we learned the extent of it and how broad it was, itkicked everything into gear," Biden said.8Managing inventoriesa pandemic headachefor US businessesNEW YORK : More than twoyears into the Covid-19pandemic, Americanbusinesses are still strugglingto manage their inventories ina feast-or-famine cycle causedby fickle consumer demand."We have way too muchinventory right now," saidGinny Pasqualone, chiefexecutive of Sparkledots, achildren's clothingmanufacturer."It's important that we havea large selection ofmerchandise that our clientscan choose from," she said,but store traffic has been hitby inflation concerns, withsome customers "very scaredthat they're not going tosurvive another recession."For now, Sparkledots isholding more goods ininventory, but that ties upcompany capital and limits itsability to add to its 18-workerstaff."It sucks our growth for thefuture," Pasqualone said.Such is the dilemmaaffecting businesses of allsizes.Large store chains likeWalmart, Target and Macy'shave acknowledged in recentweeks that they misreadconsumer patterns, leavingthem with excess supplies ofappliances, casual clothingand bicycles.Bicycles were a hotcommodity early in thepandemic, promptingsurprisingly large orders, saidWayne Sosin, owner ofWorksman Cycles, a NewYork manufacturer bestknown for its tricycles."Retailers bought whateverthey could as if bike saleswould continue to haveunprecedented demand,"Sosin said. "It was so obviousto me that (this) would notlast."Still, Sosin said demandremains strong in some partsof the business, placing stresson supplies of some keybicycle parts.The 23rd Annual General Meeting(AGM) of National Housing Financeand Investments Limited was held onThursday, 2nd June, 2022 at 12.00noon through virtual platform. Theshareholders approved 15.00% CashDividend for the year 2021. I may benoted that National Housing alsodeclared 15% cash dividend in theyear 2020, a press release said.The Meeting was presided over byMahbubur Rahman, Chairman of theCompany. In the AGM Syed M. AltafHussain, Vice-Chairman, Abdul-Muyeed Chowdhury, ChairmanAudit Committee, all other Directors,Promoters, and a large number ofShareholders along withMohammad Shamsul Islam,Managing Director and Md. SarwarKamal FCS, Company Secretary werepresent. The shareholdersappreciated and thanked to the Boardof Directors and management for thecontinuous success of the Company.National Housing is one of thelargest Financial Institution in thecountry incorporated by 3 Banks, 7Insurance Companies and &country's renowned corporate bodyengaged mainly with Home Loan.Total shareholders' equity of thecompany is Tk. 2,182.23 million as onDecember 31, 2021. The Net profitafter Tax of the company is Tk.261.28 million, EPS Tk. 2.23 and NetAsset Value per Share (NAV) Tk.18.65.Al-Arafah Islami Bank Ltd. has opened 'Hajj Booth' to provide services of Hajj pilgrims at Ashkona HajjCamp, on 5 Jun, 2022. Managing Director and CEO of the Bank Farman R. Chowdhury inaugurated thebooth as Chief Guest. Presided by Deputy Managing Director Md. Shafiqur Rahman Deputy ManagingDirectors SM Jaffar, Abdullah Al Mamun, Senior Vice President Md. Mujibul Kader, Engr. MohammadHabib Ullah, SM Abu Jaffar, Senior Vice President Jalal Ahmed and Nazmul Huda were also present on theoccasion. After the inauguration Managing Director and CEO Farman R Chowdhury handed over gift itemsto the pilgrims. The Bank will provide the pilgrims free passport endorsement, foreign currency exchange,information and various other services from the newly opened booth.Photo : CourtesySocial Islami Bank Limited (SIBL) arranged Employees Get Together at Brac Learning Center inSreemangal with the employees of branches and sub-branches of Sylhet region recently. Dr. Md. MahbubUl Alam, Chairman of the Bank, was present as chief guest while Zafar Alam, Managing Director and CEOof the Bank, presided over the ceremony. Abu Reza Md. Yeahia, Additional Managing Director, was presentas special guest in the program. Abu RushdIftekharulHaque, Head of Trade Finance Division, and Md.Moniruzzaman, Head of Marketing & Brand Communication of the Bank, were also present on the occasion.Photo : CourtesyRFL launches new generation cooker hoodRangpur Metal IndustriesLimited, a concern ofcountry's leading businessconglomerate RFL, hasbrought new cooker hoodusing latest technology to themarket. Rangpur MetalIndustries Ltd Director Md.Moniruzzaman has unveiledthe product at an event heldat RFL Group's head office inBadda recently, a pressrelease said.Addressing the occasion,Md. Moniruzzaman said,"People's live have changed alot. That's why, we havebrought a new featuredcooker hood to the market tomake people's lives easier andmore comfortable. Thiscooker hood has variousfeatures including automaticmotion sensor, touch controlswitch, auto heat cleantechnology, tempered glasspanel, stainless steel filter and750m3/h enriched airsuction, which ensures thehighest quality."He added that theautomatic motion sensor canbe used without touching thehand. In addition, a 2-wattLED light has been added tothe hood to work safely in lowlight and a powerful 150-wattmotor with two speeds hasbeen used, capable of blowing180 cubic meters of air perhour. As a result, lowering thetemperature will bring reliefto the kitchen.Shariful Islam, Head ofMarketing, Rangpur MetalIndustries Limited, said, "Hotsteam escapes from thekitchen for using the kitchenhood. This is why cookingbecomes comfortable."At present, RFL has a totalof 8 different types of cookerhoods of different sizes. Theprice ranges of cooker hoodsare between Tk7,060 and Tk31,765. Buyers will be able topurchase the product fromRFL's Best Buy and EasyBuild. There is also a freehome delivery and freeinstallation facilities within amaximum of three days whenordering from the popular e-commercesitewww.othoba.com.Md.NazmulHaque,Assistant GeneralManager (Operations) ofRangpur Metal IndustriesLimited, Finance ControllerMd. Zahir Uddin, DeputyManager (Accounts)BinodKumer Sarker and Sub-Assistant Brand Manager Md.Ashrafuzzaman and othersenior officials of thecompanywere present.
MONDAY, JUNE 6, 20229Benzema-The Good,The Bad and the Uglyside of French footballPARIS: French football starKarim Benzema, whoprovokes passionateopinions-being adored ordisliked in equal measurehasmade a spectacularreturn to "Les Bleus" despitethe "sex tape" scandal inwhich he has finally waivedan appeal against his oneyearsuspended sentence,reports BSS.The 34-year-old's talent onthe pitch is indisputable. Hehas a swathe of league titleswith both Lyon and RealMadrid as well as fiveChampions League trophiesand is a serious contenderfor the next Ballon d'Or.Even seven-time laureateLionel Messi says hedeserves it. "There's nodoubt, it's very clear thatBenzema has had aspectacular year and hasended it by winning theChampions League," Messisaid. But on Friday, hisbrilliant opening goal wasnot enough to save Francefrom a 2-1 defeat againstDenmark in Paris.Australia's Minjee Lee fired a four-under-par 67 to set a 54-hole scoring recordand seize a three-stroke lead after Saturday's third round of the 77th USWomen's Open.Photo: BSSAussie Lee grabs lead with 54-hole record at US Women's OpenWASHINGTON : Australia'sMinjee Lee fired a fourunder-par67 to set a 54-holescoring record and seize athree-stroke lead afterSaturday's third round of the77th US Women's Open,reports BSS.The 26-year-old fromPerth answered a lone bogeywith five birdies, four in arow starting at the ninthhole, to stand on 13-under200 entering the final roundat Pine Needles in SouthernPines, North Carolina."I was pretty solid all day,"Lee said. "I was making parswhen I needed to. I made abogey but then made thosebirdies. It was nice to getthose going and finish withall pars. I'm looking forwardto tomorrow."Lee's total broke the old54-hole tournament markset by American Juli Inksterin 1999 at Old Waverly andmade her the player to catchon Sunday for the record$1.8 million top prize. "Athree-shot lead is a nicecushion but it's not enoughto let your heart calm down,"Lee said. "I'm going to bereally focused tomorrow, tryand stay calm andconcentrate on every shotI'm making."American Mina Harigaeshot 70 to stand second on203 with England's BronteLaw third on 206 after a 68.Booters hold firsttraining sessionin MalaysiaDHAKA : The nationalbooters had their firsttraining session today(Saturday) at Malaysiaunder the supervision ofhead coach Javier Cabrera,reports BSS.The national bootersparticipated in a teammeeting, gym andswimming session at TeamHotel in the morning. Theyalso held a one and half hourpractice session at the MiniShah Alam Stadium inMalaysia in the afternoon.All the players and officialsof the team are well and fitand there is no injuryproblem in the team,according to a messagereceived here fromBangladesh FootballFederation this afternoon.Earlier, Bangladeshnational football teamreached Malaysia fromIndonesia Thursday last toparticipate in the AFC AsianCup China 2023 qualifiersscheduled to be held fromJune 8-14 in Malaysia.Bangladesh which wasplaced at group E along withBahrain Turkmenistan andMalaysia in the AFC AsianCup, will play the first matchagainst Bahrain on June 8,face against Turkmenistanon June 11 and meet hostMalaysia on June 14.Nadal aims to be French Open's oldestchampion against pupil RuudPARIS:Rafael Nadal will become the oldestman to win the French Open title if hedefeats Casper Ruud, the Norwegian whoseclay court talents he has personally helpedfoster, reports BSS.Nadal will be playing in his 14th RolandGarros final on Sunday and 30th overall atthe Grand Slams.Victory will deliver a record-extending22nd major and 14th French Open, 17 yearsafter his title winning debut in Paris.The 36-year-od Nadal is, however, assurprised as anyone to have got this far.A chronic left foot injury which hasplagued him throughout his career flared upagain in Rome last month, putting a seriousquestion mark over him even making it tothe French capital. "Without a doubt, I'dprefer to lose the final and have a new foot,"admitted Nadal who has not hidden thebrutal reality that every match he plays atRoland Garros may be his last.Despite his fears, Nadal has impressivelybattled his way into Sunday's championshipmatch. He needed five sets and more thanfour hours to see off Felix Auger-Aliassime inthe last 16 and another four hours to get pastNovak Djokovic in the quarter-finals.Alexander Zverev then pushed him all theway for three hours in the semi-finals until asickening ankle injury forced the Germanworld number three to quit on crutches.Despite the German's bold all-or-nothingchallenge, Nadal still cut an impressivepresence on court, at one point coming outon top in a lung-busting 44-shot rally.Spain's Rafael Nadal will be playing in his 14th Roland Garros final onSunday and 30th overall at the Grand Slams.Photo: AP¯§viK bs : 1492/BMYcÖRvZš¿x evsjv‡`k miKvievsjv‡`k cywjkcywjk mycv‡ii Kvh©vjqcÂMo|`icÎ weÁwßgywRee‡l©i A½xKvicywjk n‡e RbZviZvwiL : 05/06/2022 wLª:GD-1081/22 (4 x 3)GD-1077/22 (9 x 3)GD-1082/22 (12x5)
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06-06-2022

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