IDLC & Prothom Alo Trust Continues Scholarship for 10 More Students of Asian University of Women
On 29th October 2019, 10 students of Asian University. For Women received scholarship from a collaborated initiation of IDLC & Prothom Alo Trust. IDLC Finance Limited, Asian University of Women and Prothom AloTrust has been sponsoring education of 10 students every year as per a contract signed on 10th September2018. 6 students from 2017 batch and 10 students from2018 batch were felicitated & given scholarship under the banner of “Oditiya” last year at Asian University of Women Campus.
This year, 10 new students of 2019 batch were felicitated& given scholarship under Odditiya’s banner. CEO and MD of IDLC Finance Limited Arif Khan, Editor of Prothom Alo, Matiur Rahman were present at the event. Students from Bangladesh, India, Bhutanand Pakistan performed in the cultural part of the evening.
CEO and MD of IDLC Finance Limited Arif Khan said, “Being the largest & most responsible financial institution we always try to contribute to the socioeconomic development of our country. We took this initiative from that feeling of responsibility & to help women evolve economically with the help of education.”
Editor of Prothom Alo, Matiur Rahman said “AUW started with 130 students from 6 different countries, now it has almost 900 students from 19 countries.
There is a cultural exchange happening in the campus of the university. That itself is a very big achievement.”
Students who received scholarship from “Odditiya” Reception are all from lower income family & they are first from their family to get higher education.
Monthly Business Review - November 2019
In 2018 alone, total consumption of steel in Bangladesh was 7.5 million metric tons, recording 37.5% growth y-o-y. Per capita steel consumption almost doubled in five years, amounted to 45 kg in 2017. Steel production capacity soared to BDT 30 lakh tonnes in FY 15-16, from BDT 10 lakh tonnes in the preceding fiscal. Thanks to these mega infrastructural projects, Bangladesh is now self-sufficient in billet production, when even five years ago, the country had to import half of the total billet requirement to feed the domestic market. On the other hand, the sale of cement, another prime construction material, registered 12% growth in 2018 y-o-y. Cement consumption in Bangladesh is mostly rooted in individual homemaking (40%), followed by mega projects (35%) and real estate sector (25%). The cement industry, however faces far more significant challenges in the import area, with countries (especially Vietnam) racking up the price of raw materials such as clinker. The market price of cement rose in the past 2 years, this coupled with the fact that there are 32 cement manufacturers in the country and the existence of intense competition among them, makes pricing a significant challenge.
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