24-10-2022

MONDAY, OCTOBER 24, 2022
8
First Security Islami Bank Ltd. inaugurated Oxygen Branch as its 200th Branchat Compact Square
(Mayer Doa), Oxygen-Quaish Road, Bangabandhu Avenue, Ward # 3, Chattogram City Corporation,
Bayezid Bostami, Chattogramon 23 October 2022 with a view to providing shariah based banking services
to its clients. Syed Waseque Md Ali, Managing Directorof the Bank inaugurated the branch. Among
others, Muhammad Mustafa Khair, Additional Managing Director, Md. Masudur Rahman Shah,Deputy
Managing Director, Mohammed Hafizur Rahman, Zonal Head of Chattogram North, Mohammed
Kamal Uddin, Zonal Head of Chattogram South, Divisional Heads of Head Office, Mohammad
MafijulAlam, Manager of Oxygen Branch, Khurshed Alam, Chairman, Compact Properties Ltd., Md.
Jasim Uddin, President, Shital-Jharna Star Housing Welfare Samity along with other officials were
present in the occasion. A Doa Mahfil was organized in this regard.
Photo : Courtesy
Colombians
protest
against tax
reform bill
BOGOTÁ : Thousands of
Colombians rallied
nationwide Saturday
against a proposed reform
that would raise taxes on
the upper classes to pay for
social programs.
The legislation is being
pushed by President
Gustavo Petro, the South
American country's first
elected leftist president.
"Today, we ask the
government to take into
account the productive
sector of the country, to
understand that tax reform
is not needed in the way
they are doing it,"
businessman Alvaro
Aparicio, 58, told AFP in
Bogota.
Wearing white and
waving the national flag,
people also took to the
streets in Cali,
Barranquilla, Medellin and
other cities against the bill
pushed by Petro, who took
office in August.
Congress is debating the
reform, which would raise
taxes on the upper classes
to finance programs to
fight poverty and
inequality.
Meanwhile, Colombia
like other countries around
the world is enduring high
inflation, as well as an
historic devaluation of the
peso against the dollar.
Unemployment stands at
10.6 percent.
Petro campaigned on a
platform of raising taxes on
the rich, stopping oil
exploration and
distributing fertile land
among landless farmers.
Former right-wing
president Ivan Duque
(2018-2022) faced massive
protests in 2019, 2020 and
2021.
The bloodiest occurred
last year, when the then
president tried to tax the
middle class to deal with
the ravages of the
pandemic.
This sparked violent
demonstrations that lasted
two months and left 46
dead, including civilians
and police, according to the
UN.
Union Bank Limited has signed an agreement with Karnaphuli Gas
Distribution Company Limited. Under this agreement clients shall be able
to pay the Karnaphuli Gas bill through all Branch, Sub-Branch and
iBanking of Union Bank. In presence of A. B. M. MokammelHoque
Chowdhury,Managing Director& CEO of Union Bank and M A Majed,
Managing Directorof Karnaphuli Gas Distribution Company Limited,Md.
Nazrul Islam, Deputy Managing Director of Union Bank and Mohd. Firoz
Khan, Company Secretary of Karnaphuli Gas Distribution Company
Limitedexchange the agreement on behalf of their respective organizations.
Besides,high officials of the both organizations were also present at
the ceremony.
Photo : Courtesy
OPPO holds 2-month carnival
to celebrate 2nd anniversary
of OPPO Service Day
In order to celebrate the
2nd anniversary of OPPO
Service Day and express
gratitude for the support
and companionship of
users, OPPO is holding a 2-
month carnival from
October 01 to November
30, 2022. During this
event, users can enjoy 3
kinds of services - with
discounts of up to 50% for
mainboard replacement,
up to 15% for screen
replacement, and up to
30% discount for back
cove, says a press releae.
Moving back to October
10, 2020, OPPO Service
Day was initially launched
in 8 countries/regions.
After that, OPPO held a
Super Service Day special
event last June and
officially extended its
Service Day from 1 day to 3
days, that is 10-12th of each
month. And October 10,
2022, marked the 2nd
anniversary of OPPO
Service Day, which
represents a new milestone
to it. So far, OPPO users
can enjoy 8 major exclusive
benefits on Service Day at
more than 900 service
centers in 24
countries/regions all over
the world.
"Inspiring" is one of the
keywords of OPPO's
service motto. The purpose
of the Service Day event is
not only about phone
repair, but also providing
users with friendly service.
And the process of
providing service for users
is not only to solve their
phone problems, but also
to help them gain new
skills and expand new
knowledge. At the same
time, it is also a process for
OPPO to listen to users'
voices and feedback,
constantly optimize and
develop its products and
service, and grow together
with users.
In the future, OPPO will
strive to provide more
friendly and professional
services, and look forward
to the next 2 years together
with all users! On the next
Service Day, 10-12th
November, OPPO hopes to
meet you again! For more
details, click -
ONE Bank Limited signed an Agreement with Bangladesh Land Port to set up a Bank's Collection
Booth at Bhomra Land Port on October 22, 2022 at Hotel Pan Pacific Sonargaon, Dhaka. Md. Monzur
Mofiz, Managing Director of ONE Bank Limited and Md. Alamgir, Chairman (Grade-1) of Bangladesh
Land Port signed the Agreement on behalf of their respective organizations. Under this Agreement,
all users of Bhomra Land Prot will get all kinds of banking facilities from this collection booth.
Fahmida Akhtar, ndc, Additional Secretary, Member (Development), D M Atiqur Rahman, Deputy
Secretary, Director (Admin) of Bangladesh Land Port, Abu Zafore Md Saleh, Additional Managing
Director, John Sarkar, Deputy Managing Director of ONE Bank Limited along with other high officials
of both the organizations were also present in the Ceremony.
Photo : Courtesy
US budget deficit
drops by half in
2022 on pandemic
recovery
WASHINGTON : The US
budget deficit fell by half in
the past year to $1.4 trillion
on the back of a pandemic
recovery and as relief
spending eased, the
government said Friday.
Covid-related spending
on things like
unemployment insurance
and other programs have
declined following a
recovery in the world's
biggest economy from the
virus outbreak, with
businesses returning to
normal.
The drop in the budget
deficit marks the "largest
one-year decrease," said
the Treasury Department
and White House budget
office on Friday.
This was helped by
higher individual and
corporation tax collections,
bolstered by employment
growth, with tax revenues
for the fiscal year ended
September 30 surging a
record $850 billion from
2021.
President Joe Biden
hailed the big drop as
evidence of a resurgent
economy just three weeks
ahead of November's
crucial midterm elections
to decide control of
Congress.
Hailing the "largest ever
decline in the federal
deficit," Biden called the
development "further
proof that we're rebuilding
the economy."
The development, he
said, was part of "the good
news on the economy" that
he predicted would help
Democrats climb back in
the polls, which currently
show Republicans poised
for victory.
Treasury Secretary Janet
Yellen, in a statement
citing the American Rescue
Plan stimulus package,
said "today's joint budget
statement provides further
evidence of our historic
economic recovery."
In a statement, officials
also added that the US has
"more than recovered all of
the jobs lost during the
pandemic".
The economy added
more than 10 million jobs
since early 2021, while
unemployment returned to
its pre-pandemic level.
The figures for the latest
fiscal year showed
government outlays
dipped $550 billion to $6.3
trillion, in part reflecting
reductions in Covid-19
related spending.
But spending for
categories such as student
loans increased, the report
added.
This was the first fall in
outlays since 2013,
Treasury officials told
reporters.
Nagad announces up to 22pc cashback
for electronics, restaurants, and lifestyle
products purchase during WC
Nagad has come up with an instant cashback
offer for the purchase of electronic goods,
restaurants, and lifestyle productsduring the
World Cup.Nagad customers can avail of 22
percent cashback or discount facilities from
different 50 brands in the three mentioned
categories all across the country on the
occasion of the world cup, a press release said.
The offer under the campaign 'Payment
Cholbe, Bishwa Cup Jombe' (Payment will
continue as the world cup turns exciting) will
be applicable for purchases from 20
merchants of electronic goods.
The merchants include Xiaomi
Bangladesh, Butterfly Limited, Ryans
Computers, Best Electronics, Vision
Emporium, Transcom Digital, MK
Electronics, Vision, Minister, Vista
Electronics, Electro Mart, Electra
International, Jamuna Electronics, Excl E-
Store, Techland, Dasel, Computer Kitchen,
Next Communication, Esquire, and Khan
Electronics.
Any customer will be able to get the
cashback as per the offer for payment
through Nagad app or by dialing *167#
(USSD). However, this offer can be availed
for purchase from Excel E-Store via only
Nagad online payment.The policy of each
merchant will be applicable to the offer under
this campaign.
In the lifestyle category Nagad customers
can buy from Sailor, U-Turn, Qrius, Gentle
Park, MS Range Fashion, Smartex, Sports
World, Bell Outfitters, Isra Fashion, and
Duranta. In this category,Nagadcustomers
can get 20 percent instant cashback or
discount.
From the restaurant category, Nagad
customers can enjoy another exciting 20
percent cashback offer buying from
Shawrma House, Burger Express, Tasty
Treat, Chef's Table, BFC, North End,
Chapwala, Cafe Bayezid, Cafe Caf, and Grand
Mughal.Nagad customers can avail of the
offer from the restaurants' own offer policies
till 15 November. Nagad customers can enjoy
the offer multiple times.
Shahjalal Islami Bank Ltd. organized a workshop on "Buying & Selling of
Cash Foreign Currency"on 22nd October 2022 at Corporate Head Office for
its' officials of Non-AD Branches which recently obtained limited licence to
conduct such transactions. The Additional Managing Director & COO of the
Bank M. Akhter Hossain was present as the chief guest & inaugurated the
workshop. There were 29 Officials from different Non-AD Branches of the
Bank and Corporate Head Office attended in the program.Among others
the Head of International Division of the Bank Mohammad Abdul Majid,
the incharge of CPC-Dhaka Galib Mahmood, the Officials from
International Division of the Bank Md. Rashedul Islam and AMM
SarwarulAlam Chowdhury were also present the program. Photo :
Global Islami Bank has opened its Fatikchari Branch at Fatikchari,
Chattogram. Syed Habib Hasnat, Managing Director of the Bank has virtually
inaugurated the operation of the branch as the Chief Guest. Additional
Managing Directors Md. Golam Sarwar and Kazi Mashiur Rahman Jayhad,
Deputy Managing Directors Ataus Samad and Sami Karim, Divisional
Heads from Head Office, Branch Managers & distinguished clients were
present on the occasion. It was expected that through the latest technological
support, the bank will provide quality service to the customers & will
expand its network at home & abroad to provide "Banking with Faith" to its
stakeholders.
Photo : Courtesy
Pound sinks as UK economic
uncertainty rises
The pound fell against the
dollar on Friday as new
figures showed a gloomy
picture for the UK economy,
reports BBC.
Sterling slipped to $1.11,
after rallying on Thursday as
Prime Minister Liz Truss
resigned.
However, it clawed back
losses on Friday evening
and was back up to around
$1.12 against the dollar.
The volatility in the pound
came after official figures
showed government
borrowing rose to its second
highest September on
record.
Meanwhile, people are
shopping less than they did
before the coronavirus
pandemic, according to
figures from the Office For
National Statistics (ONS).
Retail sales fell by more
than expected last month,
dropping 1.4% and
continuing their slide from
August, the official figures
showed. The pound's latest
slide comes after a period of
volatile trading for the
currency.
It plunged to a record low
against the dollar last
month, while government
borrowing costs rose
sharply in the aftermath of
the mini-budget. Investors
were spooked after the
government promised huge
tax cuts without saying how
it would pay for them.
Government borrowing
costs also rose slightly on
Friday.
A fall in the US dollar
against a number of
currencies late Friday
helped the pound regain
some ground.
But Jane Foley, a currency
strategist at Rabobank, said
much of the pound's moves
are being driven by
investors reacting to
political and economic
uncertainty in the UK as
well as the negative
economic data.
"While sterling rallied
yesterday on Truss's
resignation, I think
investors have realised
today that it's not a
guarantee that we'll get a
market-friendly outcome
from the Conservative
leadership contest," she
said.
The Chancellor, Jeremy
Hunt is due to announce
plans for spending and tax
on 31 October in his
economic plan, which the
Treasury confirmed was set
to go ahead, although there
are reports it could be
delayed due to the
leadership race.
Ms Foley said this
uncertainty was also
weighing on the pound.
"The longer the
uncertainty continues, the
worse it's going to be for the
markets."