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Eid sales expected to hit Tk 2 lakh crore reinforcing its economic might
The city of Dhaka awakens to the spirit of Eid, as its streets come alive with the dazzling glow of shopfronts, the rhythmic chatter of eager shoppers and the festive anticipation that grips the nation.
An estimated Tk 2 lakh crore in sales is projected across various sectors this time, solidifying Eid’s status as an economic juggernaut, according to Bangladesh Dokan Malik Samity (BDMS).
The economic pulse of Bangladesh quickens, as the nation dives into its largest retail season, fuelled by a surge of remittances and generous Eid bonuses.
Shopping malls, fashion boutiques and makeshift street stalls come alive as consumers flood the markets, seeking the perfect attire, the finest jewellery, and the most delectable sweets to adorn their Eid celebrations.
Traders, their faces alight with anticipation, report a spectacular 30 to 50 per cent surge in sales, painting an economic picture as dazzling as the fairy lights that adorn shop-fronts.
“Eid is not just a festival; it is a grand celebration of commerce and culture,” said BDMS President Helal Uddin. “From clothes to shoes, from groceries to luxury items, every corner of the market witnesses a flourish. The sheer enthusiasm of shoppers is infectious.”
On the bustling avenues of Gulistan, Baitul Mukarram, New Market, Gausia, Mouchak, and Bashundhara City, an unceasing tide of buyers’ ebbs and flows, their excited chatter merging with the rhythmic calls of vendors.
Eid shopping in Faridpur starts picking up
The glow of shop windows reflects in the eager eyes of families selecting their Eid ensembles. Beyond the heart of Dhaka, shopping fervour spills into Paltan, Shantinagar, Motijheel, Uttara and Mirpur, where dazzling displays lure in countless customers.
While no official records quantify Eid sales, traders and economists unanimously agree that this festival eclipses all others in consumer spending.
The ripples of this economic surge reach deep into both urban and rural landscapes, spinning a web of employment opportunities and financial prosperity.
In the world of fashion and footwear, the numbers tell an enchanting tale. Bangladesh sells approximately 180 million pairs of shoes annually, with the local market valued at Tk 6,000 crore.
A staggering 30 per cent of this is sold in the lead-up to Eid, amounting to nearly Tk 2,000 crore in footwear alone. Cosmetics and jewellery also experience a meteoric rise in demand, as brides-to-be and festive revelers secure their adornments for the season of splendour.
Vice-President of the Bangladesh Jewellers’ Association (Bajus) Joynal Abedin Khokon describes this time as a golden period, “Eid ushers in a tide of weddings and festivities. Our orders peak as families prepare for grand celebrations stretching until Eid-ul-Adha.”
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Bangladesh Bank records over 24.25 lakh businesses engaged in economic activities, all of which experience a marked boost during Eid. Even industries beyond traditional retail flourish. The automobile sector, for instance, shifts gears into high demand.
According to the Bangladesh Reconditioned Vehicles Importers and Dealers Association (Barvida), around 20 per cent of annual car sales take place around Eid, as Ramadan triggers a surge in bookings.
Gastronomy, too, is an integral part of the Eid economy. Vermicelli (semai), an essential Eid delicacy, sees a staggering consumption of 10 million kilogrammes during this time. Beyond Bangladesh’s borders, semai finds its way to 40 countries, its delicate strands binding together cultures and celebrations.
“A significant portion of our semai exports revolve around Eid,” says Debashish Singh, Head of Business at Danish Food. “Seventy per cent of our yearly exports are centred around this festival, transforming Bangladeshi semai into an international festive staple.”
The demand for sugar, cooking oil and other essentials surges by 20 to 30 per cent. Taslim Shahriar, Deputy General Manager of Meghna Group of Industries, observes: “Consumer spending peaks during Eid, not just on essentials but also on entertainment and leisure.”
Yet, even amid this dazzling economic spectacle, shadows of concern linger. Inflation, a silent spectre, casts its weight on household budgets.
Professor Mustafizur Rahman, a Distinguished Fellow at the Centre for Policy Dialogue (CPD), warns, “The economic situation remains precarious. Inflation is squeezing household incomes, forcing many to prioritise essentials over extravagance.”
Balancing this, M Masrur Reaz, former World Bank economist and Chairman of Policy Exchange Bangladesh, offers a glimmer of optimism. “The recent monetary policies have increased liquidity, stabilising inflation to an extent. Domestic production and imports have risen, ensuring a steady supply of goods. The economic engine remains resilient.”
Dhaka’s shopping malls dazzle well ahead of Eid shopping frenzy
Regardless of these nuances, the spirit of Eid shopping remains unwavering. With every exchanged note, every wrapped gift, and every shared feast, the festival breathes life into Bangladesh’s economy, ensuring that celebration and commerce continue their harmonious dance.
8 months ago
Manikchhari College buckling under pressure as exam chaos grows
A crumbling infrastructure and a growing sense of frustration are now the grim reality at Manikchhari Girimaithri Government Degree College in Khagrachhari’s Manikchhari upazila.
With every passing year, the institution finds itself drowning under the weight of an ever-rising number of examinees, yet no help seems to be coming.
The college, established in 1990 and nationalised in 2018, is now at breaking point.
What was once a modest institution serving local students has become an overstretched exam centre, catering not only to its own students but also to the ones from neighbouring colleges in Guimara and Lakshmichhari.
Even Ideal College from the same upazila has recently joined the list, further aggravating the crisis.
A Crumbling Institution
Manikchhari College is running on borrowed time. The campus consists of just two main structures—a fragile two-storey building and a tin-roofed extension—both in dire need of repair.
Exams and regular classes are often held in an open room on the rooftop, where students sit vulnerable to the elements.
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When it rains, the roof leaks, forcing examinees to huddle under whatever shelter they can find.
With nearly 1,400 students expected to take their upcoming HSC exams here, including 600 from neighbouring institutions, the college is struggling to make space.
More students mean more invigilators, but with only 12 teachers out of 17 sanctioned posts, the college is already short-staffed.
To fill the gaps, teachers from local schools and madrasas are drafted in—a move that has drawn sharp criticism.
‘It’s a Nightmare’
For nearby institutions, the crisis at Manikchhari College is spilling over into their own classrooms.
"Using my school as a venue for college examinees severely hampers teaching, as teachers are occupied with exam duties," said Mongshepru Marma, headmaster of Collegiate High School.
Maulana Belal Uddin, superintendent of South Chenguchara Nesaria Islamia Dakhil Madrasa, echoed his frustration.
“Our class activities were disrupted as we had to provide both teachers and furniture for the college exam centre,” he said.
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Despite repeated appeals since 2023 for separate exam centres in Guimara and Lakshmichhari, the authorities have remained silent.
A Desperate Call for Action
Acting Principal SM Shah Alam paints a bleak picture. “We are drowning under the pressure. The infrastructure simply cannot handle this many students, and we don’t have enough teachers. We’ve been pleading for help, but nothing changes.”
The situation is spiralling out of control. With no immediate intervention from education authorities, students and teachers alike are being forced to endure impossible conditions.
Without additional exam centres and urgent infrastructure upgrades, Manikchhari College may soon collapse—both literally and figuratively—under the sheer weight of expectation.
8 months ago
Munshiganj’s potato farmers grapple with low prices despite bumper harvest
Despite achieving a bumper potato harvest this year, farmers in Srinagar upazila of Munshiganj district are facing severe financial losses due to low market prices.
The situation has left many growers worried, particularly as storage constraints and transportation issues add to their woes.
Abundant Yield, Financial Struggles
This season, potato cultivation in Srinagar upazila has covered 1,950 hectares of land, with an estimated production of 58,500 metric tonnes.
While the yield has been satisfactory, farmers are struggling to secure fair prices for their produce in the wholesale market.
Wholesale potato prices currently range between Tk 15-17 per kg, while retail prices vary from Tk 22-25 per kg.
But, with the production cost per maund (approximately 37.32 kg) standing at Tk 800-900, many farmers find it difficult to sell their harvest without incurring losses.
One of the primary concerns among farmers is the unavailability of sufficient cold storage facilities.
With only three operational cold storage units in the upazila, offering a combined storage capacity of 14,000 metric tonnes, many growers have been left with no option but to store their produce under the open sky.
The looming threat of rain has further heightened their anxiety, as exposure to moisture could lead to spoilage.
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Market Syndicates and Rising Costs
Farmers have alleged that market syndicates are exploiting the situation.
They claim that while they were compelled to buy seeds and other agricultural inputs at inflated prices, the same syndicates are now driving down the market value of potatoes.
The cultivation cost for 140 decimals (approximately 1.4 acres) of land is estimated to be around Tk 3,75,000.
Though farmers had hoped to produce at least 400 maunds per 140 decimals, the actual yield has been closer to 350 maunds on average, making it even more difficult to achieve profitability.
Adding to their concerns, storage space in local cold storage facilities is being occupied by potatoes brought in from other districts.
According to farmers, only a small portion of Atpara Cold Storage has been reserved for local growers, exacerbating the storage crisis.
Storage and Transportation Challenges
Among the three cold storages in Srinagar upazila, AN Khan Cold Storage in Sondharadia of Tantor has a capacity of 3,000 metric tonnes, Al-Amin Ice and Cold Storage in Chawkbazar has a capacity of 5,000 metric tonnes, and Srinagar Cold Storage in Atpara can store 6,000 metric tonnes of potatoes.
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Despite these facilities, a large number of farmers from eastern Srinagar, including Kukutia and Tantor, have been compelled to store their produce in cold storage units at Naopara Bazar in neighbouring Lohajang upazila.
Meanwhile, labour shortages during Ramadan and ahead of Eid-ul-Fitr have added to farmers’ struggles, as hiring workers has become increasingly difficult and expensive.
Besides, the scarcity of bicycles and trolleys for transportation has made it even harder to move potatoes from remote areas to markets.
Transporting potatoes to cold storage facilities via battery-operated easy bikes now costs Tk 50-70 per sack, depending on the distance.
This year, local cold storage authorities have set a storage charge of Tk 300 per 50-kg sack.
Official Response
Srinagar Upazila Agriculture Officer, Mohsina Jahan Toron, acknowledged the challenges but emphasised the positive side of the season’s harvest.
"Favourable weather conditions have led to a promising potato yield this year," she said.
She also said the upazila’s three operational cold storages have a combined capacity of 14,000 metric tonnes, with approximately 7,000 metric tonnes of potatoes stored so far.
A Season of Uncertainty
For potato farmers in Srinagar, this season has been a mix of success and struggle.
While the bumper harvest should have been a cause for celebration, low prices, storage limitations, and transportation difficulties have turned it into a season of uncertainty.
Potato farmers in Thakurgaon protest against increased rent for cold storage
Many growers now face the difficult decision of whether to sell at a loss or risk their produce going to waste.
As the holy month of Ramadan progresses and Eid approaches, the demand for potatoes is expected to rise.
But, unless market conditions improve and farmers receive better prices for their crops, the long-term sustainability of potato cultivation in the region remains in question.
8 months ago
DSE faced decline throughout week in all indices, CSE no exception
The Dhaka stock market had an unfavorable week, with all indices consistently declining and the majority of company shares following a downward trend.
A review of the Dhaka Stock Exchange's (DSE) weekly trading reveals that, over the course of five working days, the main index DSEX fell by 23 points. Starting at 5,225 points, the index ended the week at 5,201 points.
Among the other two indices, the Shariah-based DSES dropped by 13 points and the blue-chip company index, DS-30, saw a decrease of 7 points.
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The situation was particularly dire for small and medium-sized companies. The SME index of DSE fell by 16 points, with the sector losing 1.63% of its index over the week.
Throughout the week, most company shares showed a downward trend. While 149 companies saw price increases, 207 companies saw declines in their share prices.
The prices of 38 companies remained unchanged, and 18 companies did not participate in the trading.
From the start of the week, as the prices of most shares fell, a rush of share selling ensued among investors. This led to increased trading volume, but it did not result in a rise in the overall share prices.
The average daily turnover on DSE during the five trading days was Tk 478 crore, which was nearly 22% higher than the previous week. Despite the increased trading volume, the total market capitalisation decreased.
According to data from brokerage houses, many investors have left the market, causing investor confidence to plummet.
As per the DSE's weekly report, the market capitalisation decreased by USD 333 million over the week.
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Throughout the week, sectors such as banking, IT, life insurance, textiles, general insurance, tannery, telecom, and jute saw a significant decrease in returns.
On the other hand, mutual funds, ceramics, real estate, paper industry, financial institutions, corporate bonds, engineering, energy, and pharmaceuticals witnessed good returns. Among these, mutual funds showed the highest return of 5.14%.
The most traded stock of the week was Shinepukur Ceramics, with a total transaction of Tk 16.19 crore over the five working days. Square Pharmaceuticals PLC was second, with a total of Tk 14.5 crore in transactions for the week.
In the block market, the highest volume of shares was sold from Marico. Express Insurance Limited, Bank Asia, Beach Hatchery, and Khan Brothers followed in terms of highest sales.
In the list of companies that saw the highest price increase over the week, Progressive Life Insurance Limited topped the list, with a 30% increase in its share price. The company’s shares, which started at Tk 47, ended the week at Tk 62.
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Conversely, the worst-performing company in terms of price drop was Alif Industries Limited, whose share price decreased by 13.57%. Starting at Tk 65, the share price fell to Tk 56 by the end of the week.
In a bid to improve the dire state of the stock market, the government formed a four-member committee on Monday (17 March) for the development of the market.
The committee’s purpose, as stated, is to further strengthen the Bangladesh Securities and Exchange Commission (BSEC) and, ultimately, to work on the overall development of the country's stock market.
The first meeting of this committee was held on the last working day of the week, chaired by the Special Assistant to the Chief Adviser, Anisulzaman Chowdhury.
Market participants are saying that both the task force and the committee must take effective measures, as mere meetings will not solve the ongoing problems in the market.
On the other hand, the downtrend of the index continued at the Chittagong Stock Exchange (CSE). The overall index at CSE fell by 17 points. Although trading began at 14,576 points, by the end of the week, the index stood at 14,559 points.
Throughout the week, 302 companies participated in the CSE's trading, with the share prices of 154 companies rising, 124 companies' prices falling, and 24 companies maintaining unchanged prices.
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During the five trading days, the highest trading volume was recorded for shares of United Commercial Bank. Other companies among the top traded included Uttara Bank, Fine Foods, Robi, Fu-Wan Ceramics, and Shinepukur Ceramics.
The top performer in terms of price increase at CSE was Paramount Insurance Company, with the share price increasing by Tk 10 within a week.
Other companies in strong positions include Shinepukur Ceramics, DBH First Mutual, Semi Lecture Equity Management, and S Alam Cold Rolled Steels.
On the other hand, the highest price decrease was seen in Suhrid Industries Limited, with a fall of Tk 15 in its share price within the week. Like the DSE, a sharp decline was also observed in Alif Industries at CSE, with its share price falling by Tk 14 during the five trading days.
8 months ago
Ashulia’s Jebunnesa Mosque featured in TIME magazine’s list
Every year, the globally influential magazine TIME announces a list of "The World’s Greatest Places," highlighting 100 remarkable destinations. For the first time, Jebunnesa Mosque, located in Dorgar Par, Jamgora, under Ashulia Police Station in Savar Upazila, has made it to this prestigious list.
In its report published on March 13, TIME stated that while Bangladeshi architects have long been designing modern mosques, this pink-hued structure on the outskirts of Dhaka stands out as a striking artistic landmark.
The report also mentions that the owner of one of the many textile factories in the area took the initiative to build Jebunnesa Mosque in honor of his late mother. The mosque serves as a place of prayer and a peaceful retreat for 6,500 garment workers.
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Located within IDS Group’s Fashion Forum Ltd. factory in Ashulia, the visually stunning mosque features a quadrilateral structure with a large dome at its center. The walls are adorned with numerous perforations, allowing natural light and air to flow freely, enhancing its beauty. In front of the mosque, a narrow glass-enclosed lake cools the air naturally before it enters the mosque, eliminating the need for air conditioning or electric fans.
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Saika Iqbal Meghna, co-founder and director of Studio Morphogenesis, stated, "The idea for this structure came from its dedication to a woman. I envisioned it as a soft shelter for garment workers."
She added, "This place should belong to all garment workers. As an architect, this recognition is a major achievement."
Local worshippers say that there is no other mosque in Bangladesh with such a unique design. They expressed gratitude to the factory authorities for constructing such a beautiful mosque for workers and residents. Even in hot weather, they can pray comfortably in the cool environment without needing fans.
The ablution area (Wudu Khana) is adorned with turquoise-colored tiles, symbolizing purity. Women garment workers are also pleased with the well-maintained, serene environment of the mosque.
The mosque’s Imam, Hafiz Mufti Md. Shafiqul Islam, remarked, "After a long day inside the factory, workers feel refreshed when they pray in this peaceful mosque. The owners have set a remarkable example by building such a beautiful mosque for their workers."
8 months ago
Violence against Bangladeshis along border shows no sign of slowing
The Bangladesh-India border continues to witness alarming incidents of violence, with an increasing number of Bangladeshi nationals falling victim to border-related fatalities.
A recent review of casualties over the past two years underscores the ongoing tensions and challenges that persist along the frontier.
In 2023 alone, a total of 25 Bangladeshi nationals lost their lives in separate incidents along the border.
Among these, 19 were shot dead by India’s Border Security Force (BSF), while the remaining six were killed by Indian civilians, according to statistics from the Border Guard Bangladesh (BGB) Headquarters.
These incidents have sparked growing concerns over the use of lethal force by BSF personnel and sporadic violence involving local Indian residents.
Despite repeated assurances over the years from BSF’s Director General to reduce border casualties to zero, the use of deadly weapons by the BSF persists, leading to further fatalities of Bangladeshi nationals.
The trend showed no signs of abating in 2024. Data from the BGB Headquarters reveals that between 1 January and 31 December, another 19 Bangladeshi nationals were killed by BSF, exhibiting the previous year’s pattern of violence.
Besides, five more deaths occurred at the hands of Indian civilians, further fuelling outrage and demands for accountability from both governments.
The bloodshed has already continued into 2025. In the first two months alone, from 1 January to 28 February, three more Bangladeshi nationals were killed—one by BSF personnel and two by Indian nationals.
These latest fatalities highlight the ongoing risks faced by individuals crossing the border, often in search of economic opportunities, migration, or trade.
The Bangladesh-India border has long been a flashpoint for human rights concerns, with frequent reports of violence, illegal crossings, and territorial disputes affecting the lives of those living in the region.
Human rights organisations have called on both nations to ease tensions, reinforce border security protocols, and ensure accountability for those responsible for the violence.
As of now, Indian authorities have not issued a formal statement regarding the recent fatalities. But, previous incidents have drawn condemnation from Bangladesh. Advocacy groups are also urging the international community to intervene and push for a peaceful resolution to the ongoing crisis at the border.
For the families of the victims, the violence has left behind an enduring sense of grief and unanswered questions. As the death toll continues to rise, pressure is mounting on both Bangladesh and India to address the situation and work towards a more secure and humane border policy.
When contacted for comments, Director (Operation) of BGB Headquarters, Lt Col SM Shafiqur Rahman, stated that in the past ten years, 220 Bangladeshi nationals have been killed by India’s BSF. Besides, 57 more have been killed by Indian nationals during the same period.
Lt Col Rahman emphasised that BGB personnel operate in strict adherence to international laws and human rights regulations. “If any Indian national illegally enters Bangladesh, we detain them and hand them over to Indian authorities or transfer them to local police stations for legal action. We never open fire, which is why there are no casualties of Indian nationals at the hands of the BGB along our border,” he said.
“Whenever we hold meetings with BSF, whether at the commander level or any other level, we repeatedly urge them not to open fire on our citizens if they cross the border illegally. Instead, they should apprehend them and bring them under the law,” Shafiqur Rahman added.
He also called upon international human rights organisations to take a stronger stance against BSF’s use of lethal force along the border.
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When asked how Bangladeshi nationals continue to cross the border despite BGB’s surveillance, he explained, “Around 99% of border incidents are related to smuggling. There are smuggling syndicates on both sides of the border. Those who cross from Bangladesh for smuggling purposes often end up in disputes with syndicate members on the Indian side. When they return, they face resistance from the BSF, leading to violent clashes where BSF personnel mostly use lethal weapons.”
“In contrast, when Indian nationals illegally enter Bangladesh, we follow human rights laws. Instead of opening fire, we detain them and hand them over to the appropriate authorities,” he added.
Shafiqur Rahman further noted that the distance between Border Outposts (BOPs) is quite extensive, with each BOP manned by 20 to 35 personnel. “Across Bangladesh, approximately 700 BGB teams conduct patrols along the border at any given time, but this is not sufficient. As a result, some Bangladeshi citizens unknowingly cross the border despite BGB's efforts to prevent it,” he said.
Regarding measures taken to prevent illegal crossings into India, he stated that BGB has been engaging with border communities in various ways to discourage illegal crossings and raise awareness about the risks involved.
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As diplomatic efforts continue, the urgency to address border-related fatalities remains high, with both nations facing mounting pressure to uphold human rights and ensure the safety of civilians along the frontier, officials here said.
8 months ago
Why AL shouldn't be allowed to do politics under clean leadership? Questions Rizvi
BNP Senior Joint Secretary General Ruhul Kabir Rizvi on Friday questioned why the Awami League should not be allowed to do politics under the leadership of those who have a clean image.
“There is a lot of discussion about whether the Awami League will be able to do politics, but there is no talk about whether those responsible for the genocide will be brought to justice,” he said.
The BNP leader made the remarks while distributing Eid gifts to the poor and destitute in the capital’s Faidabad Uttara Khan area.
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Rizvi said if the criminals within the Awami League are prosecuted, and the people then decide to give the party a chance to engage in politics, no one should oppose it.
“If individuals who come to lead the Awami League have no involvement in crimes, the killing of students, looting, or laundering public money, then why can't such an Awami League engage in politics?” he said.
The BNP leader, however, said Awami League leaders and their associates involved in killings and oppression must be brought to justice.
“Didn't people see who committed the genocide? Which police officer, which OC, which AC, which DC played a role there? Which Awami League leader ordered the bloodshed during the mass movement? Which Awami League leader ordered the destruction and suppression of the movement? This trial must be ensured without delay,” he said.
The BNP leader expressed frustration that those who laundered money, as well as those responsible for killing children and teenagers, have not yet been tried. “Why have we not tried those who killed more than 200 children, teenagers, young students, workers, and rickshaw pullers? We must ensure exemplary punishment for them.”
Rizvi also cast doubt on whether Awami League chief Sheikh Hasina truly believes in Allah, suggesting her god was money. "A person whose god is money cannot do good work as they can only indulge in looting and siphoning off money," he said.
He said much of the looting and financial misappropriation has been carried out by Sheikh Hasina, her relatives, and her favoured businessmen and their associates.
“Let us all ensure that these murderers, who not only killed the democratic system but also destroyed all institutions, sold the independence of Bangladesh, and killed countless children, adolescents, youths, and workers to stay in power, are brought to justice,” the BNP leader said.
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In a democratic country, he said everyone’s right to engage in politics should be determined through democratic methods and practices.
Rizvi said those who were involved in fascism, as well as those who collaborated with it and took advantage of it, must face justice so that fascism will never rise again.
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8 months ago
Bangladesh’s wholesale markets: Hidden forces still controlling prices
Powerful syndicates are manipulating prices, controlling supply and influencing market trends, affecting both small businesses and consumers in the wholesale markets, and this is happening despite strict government actions, according to market insiders.
Authorities responsible for monitoring the wholesale market, which plays a crucial role in the supply chain, ensuring goods reach retailers and consumers, have failed to curb these practices, said retailers and consumers.
Wholesale markets act as intermediaries between producers—such as farmers or manufacturers—and retailers. Goods arrive in bulk and are distributed further down the supply chain. Ideally, these markets should function on the principles of supply and demand, but syndicates often disrupt this balance.
The players manipulating the market remain untouchable due to their political influence.
How Syndicates Operate
Syndicates, often comprising influential traders, large-scale wholesalers, and transporters, exploit market dynamics by creating artificial shortages, hoarding goods, and manipulating auctions to sustain high profit margins. Operating with minimal oversight, these networks wield significant control over prices and product availability.
Retailers claim that groups of wholesalers agree on fixed prices, preventing competition and ensuring higher profits. Besides, traders stockpile essential goods, causing artificial shortages that drive prices up.
With a few dominant players controlling the entire supply chain and sidelining smaller traders and new entrants, consumers say that regulatory bodies and enforcement agencies often turn a blind eye due to alleged bribes and political pressure.
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Retailers, especially small shop owners, are forced to buy at inflated prices, leading to increased costs for consumers. Essential commodities such as vegetables, grains, and fuel are often subject to syndicate control, making affordability a major concern.
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Authorities periodically launch crackdowns against market syndicates, but these efforts often fail due to deep-rooted corruption and lack of sustained enforcement. Price monitoring mechanisms exist, but enforcement remains weak.
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In Bangladesh, Krishak Oikyo Parishad has launched sales points in different areas of the country, including Dhaka, where farmers sell their products directly to consumers. Leaders of the organisation say their platform aims to ensure fair prices for farmers, who often struggle to receive equitable compensation for their produce.
Krishak Oikyo Parishad has also called on the government to implement measures that guarantee fair prices for farmers' products. They advocate for direct producer-to-consumer sales to eliminate middlemen’s excessive profits and raise their voices when agricultural prices drop in the market.
Who is Responsible?
Visiting different wholesale markets in Dhaka, the UNB correspondent found that middlemen and commission agents, rather than direct producers or traders, control the distribution process.
Retailers claimed these middlemen take high commissions based on market conditions, raising prices for both retailers and consumers.
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Large-scale wholesalers and traders form cartels to control pricing, stockpile goods, create artificial shortages, fix prices, and often force smaller traders and retailers to buy at inflated rates. Some major retailers also contribute by negotiating deals with wholesalers that exclude small traders. This limits market competition and strengthens the syndicate’s grip.
Wholesale market committees and associations claim to regulate trade. But, some of these groups function as part of the syndicate, enforcing price manipulation and restricting new entrants.
Transport unions and logistics providers sometimes collaborate with syndicates by delaying shipments, increasing freight costs, or blocking direct supply from producers to retailers.
Corrupt government officials and inspectors allow syndicates to operate freely. Weak regulation and bribery enable hoarding and price manipulation in exchange for financial or political favours. Political figures with ties to wholesale markets benefit from syndicate operations, using their influence to protect these networks from legal action.
Who Suffers the Most?
Breaking these syndicates requires stronger regulations, digital market systems, and direct producer-to-consumer supply chains. But, without strict enforcement, these hidden forces will continue to dominate the wholesale market, small business owners said.
Small retailers cannot buy at competitive rates. Farmers and producers are forced to sell at low prices while end consumers pay high rates. As a result, consumers face inflated prices for basic goods.
A View of Dhaka’s Wholesale Markets
Dhaka, the capital of Bangladesh, is home to several major wholesale markets that play a vital role in the supply chain for food, clothing, electronics, and raw materials. Some of the most prominent wholesale markets include:
Kawran Bazar – One of Dhaka’s largest and busiest wholesale markets, serving as a major hub for vegetables, fruits, fish, meat, and groceries. Traders from across the country bring their products here for distribution.
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Shyambazar – Located in Old Dhaka, this is one of the city’s oldest wholesale markets, specialising in agricultural products such as rice, lentils, and spices. It is also a key trading centre for onions, garlic, and ginger.
Jatrabari Wholesale Market – A crucial hub for wholesale fruits and vegetables in southern Dhaka, supplying fresh produce to retailers across the city.
Chawk Bazar – A historic trading hub in Old Dhaka, known for wholesale spices, dried goods, and traditional Bangladeshi food ingredients.
Islampur Market – The largest wholesale market for textiles and clothing in Dhaka, popular among traders sourcing fabrics, sarees, and garments in bulk.
Gulistan Wholesale Market – A key centre for wholesale electronics, mobile accessories, and clothing, also well known for its footwear markets.
Each of these markets caters to different industries, but many are affected by syndicates that manipulate pricing and supply chains.
8 months ago
NBR reform committee not short on proposals, even as members doubt implementation
Members of the NBR (National Board of Revenue) Reform Committee are struggling to deal with a dilemma: whether their proposals would be implemented by the interim government, or remain unheeded and just gather dust, like the White Paper on the Economy produced by a committee led by Dr Debapriya Bhattacharya, or the work of the team tasked with "Re-strategising the economy and mobilising resources for equitable and sustainable development".
Talking to UNB, two members of the Advisory Committee on NBR Reform this week expressed concerns over the eventual implementation of their proposals.
“It is not about submitting our proposals, there should be a process in place to implement those proposals,” one of the committee members told UNB, on being granted anonymity to discuss potentially sensitive matters.
Another member of the Committee questioned the political commitment, authority and capability of the interim government when it comes to implementing the proposals they put forward.
“We will write down the bitter truth, whether the interim government accepts those or not,” he said.
Govt is working to establish fair, business-friendly tax structure: NBR Chairman
The reform committee members said that ultimately, the people of the country would make their own judgments on the basis of an array of factors, including the political commitment of the interim government.
The Reform committee, formed on October 9, 2024, comprises two former NBR chairmen—Muhammad Abdul Mazid and Dr. Nasiruddin Ahmed—and three former members: M Delowar Hossain, Farid Uddin, and Aminur Rahman.
It recently submitted its first draft proposal, which was on the separation of revenue collection and policy formulation within NBR.
The committee in its first report highlighted that Bangladesh’s current tax policy deviates significantly from international best practices, which typically feature low rates, minimal exemptions, a broad base, progressive income tax structures, and value-based taxation.
These deviations are seen as impediments to investment, revenue growth, and the establishment of economic and social justice.
“NBR itself does not like reform, reform means reducing power,” one member of the NBR reform committee told UNB.
A central recommendation of the report is to address the inefficiencies and conflict of interest arising from the dual role of the Secretary of the Internal Resources Division (IRD) and the NBR Chairman - currently both positions are held by the same individual.
The next draft proposal of the taskforce, which will be on automation, is likely to be submitted in the next month, according to a Committee member.
The 12-member taskforce, titled "Re-strategising the economy and mobilising resources for equitable and sustainable development", led by former director general of Bangladesh Institute of Development Studies (BIDS) Dr KAS Murshid.
Better governance in focus for boosting revenue in next budget: NBR Chairman
The committee submitted its report to the interim government on January 30, but recently the head of the taskforce expressed his frustration saying that some advisers did not even open the report once to read it.
On the other hand, members of the committee responsible for drafting the White Paper on the state of Bangladesh’s economy have recently voiced their dissatisfaction regarding the lack of governmental action following the submission of their comprehensive report.
The 12-member committee, led by Dr. Debapriya Bhattacharya, a distinguished fellow at the Centre for Policy Dialogue (CPD), was established in August 2024 to assess and document the nation’s economic challenges.
The White Paper unveiled significant irregularities across four major sectors, notably energy and physical infrastructure.
The report highlighted discrepancies in data accuracy, cost assessments, and information transparency.
Furthermore, it exposed a concerning nexus among politicians, bureaucrats, business figures, and certain civil society members, suggesting a systemic culture of financial misconduct and autocratic governance.
Despite the gravity of these findings, committee members have expressed frustration over the government’s inaction. Their concerns principally include:
• Lack of Acknowledgment: The government has not formally recognized the report’s findings, nor has it initiated public discussions or debates based on its content.
• Absence of Policy Response: There has been no indication of policy reforms or corrective measures addressing the issues highlighted in the report.
NBR launches Spot Assessment programme to increase tax net
• Transparency Concerns: The committee’s call for increased transparency and accountability appears to have been overlooked, undermining efforts to combat systemic corruption.
8 months ago
ICU ambulance meant for Chuadanga Sadar Hospital remains idle for years
Over 13 lakh people of the western district of Chuadanga are being deprived of modern ICU ambulance service for over three years as the lone facility remains idle due to lack of trained manpower, thanks to reluctance of the authorities concerned.
District’s Sadar Hospital is struggling to deal with the huge number of population with only two ambulances, indicating a poor ambulance service compared to the need.
The ICU ambulance, gifted by the Indian government for Chuadanga Sadar Hospital, has been left unused for years and turned into a symbol of neglect, apparently the ambulance is becoming sick itself instead of serving patients.
The state-of-the-art ICU ambulance, equipped with advanced medical facilities, was a part of India's donation to Bangladesh on the occasion of its Golden Jubilee of Independence.
It arrived at Chuadanga Sadar Hospital on November 26, 2021, and was handed over to hospital authorities the same day. However, more than three and a half years later, the ambulance remains inoperative due to a lack of trained medical personnel, nurses, and essential equipment.
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No ICU Services in Chuadanga
Surprisingly there is no ICU facility in any government or private hospital in the district, crippling the huge population. As a result, critically ill patients from Chuadanga Sadar Hospital are regularly referred to Dhaka, Rajshahi, and other medical college hospitals for better treatment.
A functioning ICU ambulance could have played a crucial role in ensuring safer patient transfers, but authorities appear indifferent to its activation.
Hospital Authorities Cite Manpower Shortage
Acknowledging the issue, Chuadanga Sadar Hospital Superintendent Dr. Bidyut Kumar Roy said, "Although we have a life-support ambulance, we are unable to operate it due to a lack of trained personnel. We have already communicated with higher authorities about establishing an ICU unit at the hospital. Once the ICU is operational, the ambulance can be put into service."
Chuadanga Civil Surgeon Dr. Hadi Zia Uddin Ahmed said, "The ICU ambulance is under the hospital superintendent's supervision. However, without trained medical staff and doctors, we cannot operate it. That is why it remains unused."
Severe shortages cripple healthcare at Bagerhat’s 250-bed hospital
As critically ill patients continue to suffer due to inadequate emergency transport, the idle ICU ambulance stands as a stark reminder of mismanagement and wasted resources.
8 months ago