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In the 506th meeting of its board of directors, NCC Bank re-elected three chairmen for three committees. They are SM Abu Mohsin for the executive committee, Md Nurun Newaz for the risk management committee and Md Obayed Ullah Al Masud for the audit committee of the board.
In 1998 when Electro Mart Ltd launched its Chinese-manufactured Konka colour television at almost half the prices of international brands, it took many by surprise.
As the mercury’s rise will presumably show no sign of letting up at least until mid-June in Bangladesh, many will be resorting to air conditioning units to beat the sweltering heat.
AC sales triple as temperature soars The sales of air conditioners have tripled year-on-year in April and May as people rushed to retailers to get rid of the scorching summer. Local assembly and manufacturing have also made ACs affordable for the bulging middle class as the price came down. April, May and June are the peak season for the outlets retailing ACs as the temperature rises from March. Nearly 90 per cent of the ACs are sold during the quarter. In recent weeks, the temperature has hovered around 39 degree Celsius, and it went past 42 on April 24 in Jessore. The annual demand for ACs ...