One of the USITC commissioners asked whether the average work efficiency and production power of Bangladeshi workers was higher than that of Cambodia. He asked whether workers could produce comparatively more products despite having lower wages than Cambodian workers. Farooq Hasan replied, “It is not possible for me to say whether Bangladeshi workers are more […]
Mentioning that the National Board of Revenue (NBR) has reduced edible oil duty by Rs 5 per litre, the Minister of State for Commerce requested traders, “The government has given a rebate of Rs 5 (per litre). Please leave Tk 5 discount as Ramzan is knocking on the door. Mill owners and oil refiners who […]
The responsibility of finding and addressing the perpetrators responsible for increasing prices through conspiracy falls under the jurisdiction of law enforcement agencies, regulatory bodies and relevant government authorities. These entities are tasked with investigating and taking appropriate legal action against any individual or group involved in price manipulation or activities that contribute to inflation. Prime […]
Businessmen who attended the meeting said that currently, trade union registration requires signatures of 20 per cent of workers, and an initiative has been taken to reduce this requirement. Under the proposed amendment to the Bangladesh Labor (Amendment) Bill-2023, if the total number of workers in an organization is up to 3,000, 20 percent should […]
The question arises that when new potatoes will come in the market after a month, how realistic is the decision to import? It is noteworthy that the government had earlier decided to import eggs and even after one and a half months, not a single egg has been imported. As a result, there is no […]
Vendors told Prothom Alo that there is a crisis in the supply of potatoes. Apart from this, demand for potatoes has also increased due to rising prices of other vegetables. Many sellers believe that the price has increased because of this also. The government had initially given permission to import 40 million (4 crore) eggs […]
The DNCRP also made several observations based on the experiences of the agency officials during raids on various markets and cold storages. These observations were obtained from data obtained specifically after inspecting cold storages in four major potato producing districts: Munsiganj, Bogura, Rangpur and Nilphamari and discussing with the local administration. DNCRP comments that genuine […]
However, Egg Traders Association President Mohammad Amanat Ullah claimed that egg prices are now stable and said, “There is little possibility of further increase in egg prices.” The market is stable now. There is not much fluctuation in the price either. I don’t see any situation that could create a major crisis.” Meanwhile, businesses that […]
There is a huge disparity between the current prices of various daily essential commodities in the global market and their prices in the local market of Bangladesh. Data prepared by the Commerce Ministry shows that some daily necessities in Bangladesh are being sold at much higher prices than in international markets. The overall price difference […]
According to UNB report, the Commerce Ministry on Thursday fixed the price of eggs at retail level at Tk 12 per piece. The ministry has fixed the prices of onion at Tk 64-65 per kg, potato at Tk 35-36 per kg, bottled soybean oil at Tk 169 per liter, loose soybean oil at Tk 149 […]
He further said that when prices of essential commodities increase, the government tries to control the prices through the National Directorate of Consumer Rights Protection. But he said they do not have enough people in the workforce and hence it is not possible to ensure 100 per cent surveillance. The minister cited the example of […]
Jubok was registered with the Registrar of Joint Stock Companies and Firms (RJSC) in 2006. And in the 2006 Bangladesh Bank Investigation Report, it was revealed that Jubok was involved in illegal banking and other scams. In 2010, two commissions were formed under the chairmanship of Mohammad Farashuddin, former governor of Bangladesh Bank, and Mohammad […]
