BB dismisses news of scrapping Tk 1000 red notes as rumour



News Desk, Barta24.com  
Photo: Collected

Photo: Collected

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Bangladesh Bank (BB) has brushed aside as simply a rumour the news that the Tk 1,000 bank red note or any other note has been scrapped.

"Bangladesh Bank has not declared red note of Taka 1000 or any other note as obsolete. Accordingly, the public is being requested not to be taken into account of such rumours or misleading information," as per a BB press release issued today.

GIORDANO Brand premium quality clothing will now be available at Daraz



News Desk, Barta24.com
GIORDANO Brand premium quality clothing will now be available at Daraz

GIORDANO Brand premium quality clothing will now be available at Daraz

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Hong Kong-based global lifestyle brand GIORDANO premium quality apparel will be available on Daraz, the country's popular e-commerce platform. GIORDANO Bangladesh (NEERA International) Exclusive Rights Owner in Bangladesh and Daraz Bangladesh Ltd. have agreed on this.

A joint meeting was held on Sunday (January 29) at the capital's Banani Ashfia Tower DARAZ corporate office to market Giordano's products and deliver them to buyers in remote areas of the country at affordable prices.

Shah Eskander Ali, CEO of Giordano Bangladesh and Kamrul Hasan, Commercial Director of Daraz Bangladesh Ltd. led the meeting on behalf of their respective organizations.

GIORDANO Bangladesh and DARAZ Bangladesh Ltd decided in the meeting that by signing an agreement between themselves, Daraz will soon start distributing GIORDANO premium quality merchandise across the country and provide better customer service.

Giordano's premium merchandise including men's, women's, children's clothes, watches, glasses, shoes, belts, bags, umbrellas and daily necessities are known, appreciated and popular in almost all countries of the world.

Giordano Bangladesh CEO,Shah Eskandar Ali said that at the beginning of this initiative to market these premium quality products at low profit, Giordano customers will be given attractive discount offers.

GIORDANO, is one of the leading international retailers of men’s women’s and children’s apparel and accessories,established in Hong Kong in 1981. The main slogan of the organization is (World Without Strangers). Giordano is recognized as one of the world's most popular lifestyle brands with superior quality products and customer service.

Giordano's success story is taught as a case study to the students at Harvard University in America.

Recently, Giordano Middle East Managing Director Ishwar Chugani was awarded the Dubai based Retail M.E. Award for successful business expansion in 12 countries of South Asia including Middle East and Bangladesh.

The joint meeting was attended by Daraz Bangladesh Head of Acquisition Operations- Commercial Simon Sanjid Chowdhury, Head of Acquisition Performance- Commercial Mohammad Shahadat Hossain, Chief Commercial Officer Sabbir Hossain, Assistant Manager Acquisition- Commercial Aftaf Ahmed, Executive Commercial Ahmed Al Mohaimin. And Giordano Bangladesh's Sales Development Manager Mohammad Mamun Ahmed and Online Sales Manager Engineer Abu Saeed Al Saqib.

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Amari Dhaka has won 2022 resort and retreat awards



News Desk, Barta24.com
Amari Dhaka has won 2022 resort and retreat awards

Amari Dhaka has won 2022 resort and retreat awards

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Located at the center of the business and diplomat districts of Dhaka; Amari Dhaka has received the "Resort and Retreat Awards 2022" from LUX Life Magazine.

LUX life launched the Resorts & Retreats Awards almost a decade ago to recognize those who have dedicated themselves to offering the finest experiences, products and services all over the globe. From established stalwarts, to up and coming newcomers, we endeavor to seek out the paragons who lead the pack and set the pace for all others to follow.

This award annually recognizes the Best Contemporary Business Hotel – Dhaka "for proven expertise, customer service and commitment to promoting excellence in the sector". After an exhaustive evaluation during the seventh edition of the annual ‘Resort and Retreat Awards 2022’, the international jury of LUX Life Magazine has awarded the prize in the category ‘Best Luxury Hotel Resort’ to Amari Dhaka "for its merit and contribution to the luxury industry, now and more than ever, in a time of uncertainty". Christopher Baker, General Manager of Amari Dhaka, has declared that "We are very happy and proud of our team. In times as difficult as these, our staff has kept the enthusiasm and the service quality we offer our clients. This recognition from LUX Life Magazine is an incentive that encourages and inspires us to continue improving and innovating in our value offer".

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Akasa Air gets flying licence from DGCA



News Desk, Barta24.com, Dhaka
ছবি: সংগৃহীত

ছবি: সংগৃহীত

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Rakesh Jhunjhunwala-owned Akasa Airlines on Thursday received its flying permit from DGCA.

The Air Operator Certificate (AOC) from the country’s aviation regulator will make it the eighth domestic airline, not counting regional airlines.

The airline services tweeted, We are pleased to announce the receipt of our Air Operator Certificate (AOC). This is a significant milestone, enabling us to open our flights for sale and leading to the start of commercial operations.

It will start commercial operations later this month. The grant of the AOC marks the satisfactory completion of all regulatory and compliance requirements for the airline's operational readiness, Akasa Air said in a statement.

The process concluded with the airline having successfully conducted a number of proving flights under the supervision of the DGCA (Directorate General of Civil Aviation), it added.

We are thankful to the Civil Aviation Ministry and the DGCA for their constructive guidance, active support and the highest levels of efficiency throughout the AOC process. We now look forward to opening our flights for sale, leading to the start of commercial operations by late July, Vinay Dube, Founder-Chief Executive Officer of Akasa Air, said.

We now look forward to opening our flights for sale, leading to the start of commercial operations by late July. This will begin our journ

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City Bank avails USD 45 million Syndicated Loan from Bank Muscat



Staff Correspondent, Barta24.com
photo: collected

photo: collected

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The City Bank has successfully closed a USD 45 million syndicated loan, which was arranged by Bank Muscat, the leading financial services provider in the Sultanate of Oman. The transaction, which was initially launched for USD 25 million with a Greenshoe option, received strong participation from reputed international banks across different geographical locations including Europe, Middle East and Africa. It was subsequently scaled up by 80%, finally closing at USD 45 million. Bank Muscat is a leading Syndicated loan arranger in Emerging Markets. This is the third successful syndicated loan facility arranged by Bank Muscat for City Bank, and the first one, which is SOFR-linked. In addition to being the arranger, Bank Muscat also acted as the book runner for this transaction.

With the world still recovering from the pandemic and economies impacted heavily by the current geo-political tension, this loan facility will provide crucial support to City Bank’s foreign currency liquidity. City Bank, which is one of the top banks in the trade sector of the country, will be able to use the loan to finance its trade transactions. This will in turn assist the country’s trade activities in the current world scenario, and support the growth of the economy.

Sheikh Mohammad Maroof, Additional Managing Director & Chief Business Officer expressed delight on the closure of the syndicated loan and said, “We are extremely happy to see the overwhelming response from global banks to City Bank’s syndication loan. Being oversubscribed by 80% portrays City Bank’s strength and acceptance in global financial markets. In the current global scenario, we have taken multiple initiatives including this loan to ensure strong liquidity for the bank and cater to increasing trade requirements of our clients. I would like to thank Bank Muscat for the longstanding relationship with City Bank and for helping us close this deal.”

It must be noted that City Bank availed the first syndicated loan of EUR 20 million from Bank Muscat in 2019, which was the first such loan by a Bangladeshi bank that was arranged by an Omani bank. In 2020, City Bank followed up its initial loan with a USD 30 million syndicated loan.

With assets worth over US$ 33 billion, Bank Muscat is the leading bank in the Sultanate of Oman with the largest banking network and a 35 per cent market share. The bank has an extensive network of correspondent banking relationships across the world, which is instrumental in channelising trade business and raising funds on favorable financing terms from lenders across the GCC, Europe, USA, Asia and Africa.

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