Most markets under Dhaka's two city corporations are at fire risk — major reasons being breaching the Rajdhani Unnayan Kartripakkha (Rajuk) plan and not maintaining fire service standards. More fire incidents can occur if Rajuk and other relevant authorities do not respond promptly. Mouchak and Anarkali markets in Dhaka’s Malibagh, Siddheshwari areas are adjacent to each other. Almost every floor of the Mouchak market has more shops than the original plan accommodates. The shops’ designs have also been altered. Shops have even been set up in spaces that were marked as passageways within the market. From the bottom of these two markets to the four sides, there is no room in the corner. Furthermore, the entry and exit points are quite small, making these two markets prone to fire incidents. Also Read: Fire Service’s recommendations for markets to be implemented with priority: State Minister Meanwhile, Chandni Chawk market near New Market is also at fire risk. Condition at Chandni Chawk is similar to Mouchak’s. The Rajuk plan and requirements were not implemented at this market either. It should be mentioned that a fire at New Supermarket — next to New Market and opposite Chandni Chawk — was devastated by a fire on April 15. In Sayedabad Supermarket, Phulbaria Sundarban market, Nagar Plaza, City Plaza, and other markets and shopping centres, there are many more shops than the original Rajuk-approved plans allow. Fires are also likely to occur in crowded markets with no fire extinguishing system. Also Read: Taposh urges long-term initiative to free markets of fire risk Similarly, Rajuk Uttara Shopping Complex has significantly more shops than the market is meant to accommodate, according to the development authority's plan. There are illegal structures everywhere, including the basement, as well as the market's entrance. A fire service team recently visited Gausia Market and found that Rajuk rules were not followed. If a fire occurs as a result of breaching the plans, not enough people will be able to come down the stairs. Electrical wires were also seen unconcealed everywhere in the market. There is no fire alarm system either. Except for shopping malls like Bashundhara City Shopping Complex and Jamuna Future Park, almost all markets in Dhaka city are at fire risk. Local influential people, according to the fire department, have set up marketplaces and allotted shops at their discretion. Also Read: 58 markets in Dhaka at risk of fire; 9 marked 'extremely risky' These markets, according to city planner Adil Mohammad Khan, were constructed without regard to any standard or regulation. The tin-shed markets are also quite risky. If not closely monitored, there will be more fire incidents in the future, he warned.

Fire hazards and explosions may occur unexpectedly and lead to devastating losses of human lives and structures. In recent years, such mishaps have increased significantly. It is crucial to understand the general causes of fire hazards, to reduce the risk and take preventive measures. Let’s explore some of the most common causes of explosions and fires in residential, commercial, and industrial spaces.  5 Major Sources of Indoor Explosions and Fires Hazards  Gas leaks  Gas leaks are one of the most common causes of explosions in Bangladesh. This can happen due to faulty gas pipelines, poorly maintained gas appliances, or improper gas connections.  Electrical faults  Electrical faults such as short circuits, overloaded circuits, or faulty wiring can lead to explosions. This can happen when electrical appliances are used improperly or when they are not maintained properly.  Read More: Gas explosion at residential, commercial buildings: Common causes and ways to prevent them Chemical explosions  Chemical explosions can occur in commercial spaces where chemicals are stored or used. This can happen due to improper storage or handling of chemicals, or when incompatible chemicals are stored together. Pressure vessel explosions  Pressure vessel explosions can occur in industrial settings where high-pressure vessels are used. This can happen due to improper maintenance, overpressure, or corrosion. 

Hongkong and Shanghai Banking Corporation (HSBC) has been voted "Market Leader' in Bangladesh in the Euromoney Trade Finance Survey 2023. The survey also announced HSBC's global leadership in trade finance and top regional positions across Asia Pacific, Latin America, North America and the Middle East. Euromoney Trade Finance Survey findings are based on a poll conducted among the businesses engaged in international trade, asking them to rank the top providers of trade finance. Md Mahbub ur Rahman, chief executive officer of HSBC Bangladesh, said: "This Euromoney award is a testament to our customers' confidence in us and our ability to provide them with appropriate solutions. We aspire to continue to be the leading trade bank and meet the expectations of our customers for their evolving needs and connect them to a world of opportunities." Gerard Haughey, country head of HSBC wholesale banking, said: "We are proud to be named market leader in trade finance. This achievement reflects our team's commitment to delivering exceptional services to our clients."  

Commerce Minister Tipu Munshi has suggested people not buy excessive amounts during Ramadan for the sake of keeping the markets stable. The minister said there is enough stock of essential goods to meet the demand during the holy month of Ramadan, so people should not worry and buy more goods, which will disrupt supply lines. The commerce minister said this while addressing a press briefing in the conference room of the Export Promotion Bureau (EPB) on Tuesday evening. The Directorate of National Consumer Rights Protection (DNCRP) organized the press conference on the occasion of World Consumer Rights Day-2023 on Wednesday (March 15). Also Read: If people don’t buy in excess, there will be no price hike of essentials ahead of Ramadan: Tipu Munshi The commerce minister said that strict legal action will be taken against the culprits if illegal stockpiling is attempted to artificially create a shortage of any product. Already, surveillance and monitoring have been strengthened in the market and the minister sought the media’s responsible role to maintain market monitoring. “Protecting consumer rights will be easier if we work together. The government is trying hard to keep the prices of the country's essential commodities at a reasonable level,” Munshi said. Tapan Kanti Ghosh, Senior Secretary of the Commerce Ministry, DG of DNCRP AHM Shafiquzzaman, and Additional Secretary (Export) of Abdur Rahim, among others, were present at the press conference. Tipu Munshi will be present as the chief guest in the event organized by the Commerce Ministry and DNCRP on the occasion of the celebration of "World Consumer Rights Day-2023" at the Bangabandhu International Conference Center on Wednesday.  

A fire broke out at a vegetable market in Pahartoli area of Chattogram on Saturday night. The blaze erupted in the market around 12:15 am. Read more: Chile wildfires spread amid heat wave as death toll rises Abdul Hamid, Chattogram Divisional Deputy Assistant Director of Fire Service, said five units of the fire department rushed there after the fire broke out and doused the fire at around 1:45 am.Primary cause of the fire has not been identified yet, the official added.  

A fire that broke out at a market in the capital’s Chawkbazar area on Saturday night has been doused. The fire started at a hardware market at Imamganj around 11:44 pm, said Anwarul Islam, warehouse inspector of fire service and civil defense headquarters (media cell). Read more: Fire at shoe warehouse in Old Dhaka under control On information, 10 firefighting units from Lalbagh, Sadarghat and Palashi Barak fire stations rushed to the spot and brought the fire under control around 1:05am today (Sunday). However, what caused the fire could not be known yet. No injuries or causalities have been reported.

Edotco Group Director and Group Chief Executive Officer (CEO) Mohamed Adlan Ahmad Tajudin has said Bangladesh is one of the key markets for the regional and integrated telecommunications infrastructure services company. "We also recognise our talent in Bangladesh and have established a Centre for Design Excellence here, serving as an innovation research centre for our clients in the country and the rest of our footprint markets across the Group," Adlan said during a discussion with the Telecom and Technology Reporters' Network Bangladesh Thursday. The edotco Group CEO arrived in Dhaka from Kuala Lumpur for his first official visit to Bangladesh earlier this week. Read: edotco wins multiple awards at the Global Best Employer Awards 2022 The core agenda of Adlan's visit was to get a first-hand perspective of the fastest-growing markets in Asia and to gain insight into how Bangladesh contributes to Asia's resilience, dynamism, and growth. As part of his work visit to Dhaka, Adlan had meetings with the Bangladesh Telecommunication Regulatory Commission officials, telecom operators, edotco's clients, and other industry stakeholders. Adlan was appointed as Group CEO of edotco Group in November 2020, with over 17 years of experience in the telecommunications field. Before his current role, he served as the chief financial officer and director of PT XL Axiata Tbk (Indonesia). Over the years, edotco brought many unique and environment-friendly designs such as bamboo towers, carbon towers, low-cost structures, SPC towers, and hybrid solar wind towers to fulfil connectivity demands in Bangladesh. It has employed more than 400 people nationwide.

Walton has launched the first smartphone of its new series 'Orbit' in the market. Modeled as 'Orbit Y50', the newly released smartphone is equipped with many amazing specs including HD plus large screen, Triple back Cameras, powerful RAM-ROM and Battery. Habibur Rahman Tuhin, Marketing in-charge of Walton Mobile, said that the 'Orbit Y50' will give users the feel of orbiting around new revolutions. The device comes in three attractive colors of Metallic Gold, Baby Blue and Pine Green. Priced at Tk 12,999 without VAT, the new smartphone is available at all Walton Plaza, brand and retail outlets across the country. Customers can also purchase the phone from e-commerce platform Walton E-Plaza (https://cutt.ly/1VDbSsG) or Walcart (https://cutt.ly/FVSx7Mu). Rubayat Rahman Chowdhury, Marketing Coordinator of Walton Mobile, said the newly launched 'Orbit Y50' smartphone features a 6.82-inch IPS Full Lamination HD plus V-drop display with 1640X720 pixel screen resolutions. The 5 points multi touch display has IPS Incell Technology with 2.5D glass.  Runs on Android 12 operating system, the device sports a 2.0 GHz Helio A22 SoC ARM Cortex-A53 processor with PowerVR Rogue GE8300 GPU which will ensure higher speed and performance. The smartphone has a 4 GB RAM with 64 GB storage which is expandable up to 256 GB via Micro SD card. The phone comes with f/2.0 aperture AI Triple Cameras with PDAF Technology and LED flash. Its 13-megapixel main camera with 1/3.06 inch large sensor and 5P lens will ensure sharp and colorful photos. The device also sports 8MP Selfie Camera. It has many interesting features including Face Detection, Digital Zoom (4.0x), Touch Focus, Touch Shot, Smile Shutter, Self-Timer, Logo Watermark, Filters, Gridlines, Anti Flicker, Normal Mode, Beauty Mode, Panorama, Time-Lapse, PRO Mode (White Balance, ISO), QR Code, Portrait, AR Sticker Video etc. Read: Walton launches affordable new 4G phone The phone has a 4200 mAh High-Density battery for sufficient power backup. Connectivity options include Dual band Wi-Fi, Bluetooth V5.0, LAN Hotspot, OTA and OTG. Sensors include Proximity, Light (Brightness), Accelerometer (3D), Orientation (3D) GPS, A-GPS Navigation etc. Other features include Face Unlock, Fingerprint Sensor, Dual 4G VoLTE, FM Radio with recording facility, Full HD video recording and playback, Emergency SOS, Theme Engine, Smart wake up, Motion gesture etc. Customers will get  30 days instant replacement facility along with one-year service warranty for the ‘Made in Bangladesh’ smartphone.

At least 12 shops, mostly fruit and sweetmeat outlets, were gutted in a fire at Bhanga Upazila Sadar Bazar of Faridpur on Saturday morning. Officials said that the fire broke out at a shop at the bazar around 5.30am and it soon engulfed the adjoining shops. Several fire tenders were pressed into service and it took them over four hours to douse the flames. Abu Jafar, station officer of Bhanga Fire Station, said an electrical short-circuit at the first shop might have triggered the fire. READ: Fire guts Jatrabari carton factory The amount of loss caused by the fire could not be ascertained immediately, he said. The local traders, however, claimed that goods and properties worth several crores were damaged in the fire.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has called upon traders to sell products at prices fixed by the  government to keep the market stable ahead of Eid –Ul- Azha. FBCCI Senior Vice-president and convener of market monitoring committee Mostofa Azad Chowdhury made the call at a discussion meeting with Mohammadpur Town Hall, Dhaka North City Corporation Kitchen Market Traders Association  Saturday afternoon. During the meeting, Mostofa Azad urged to keep the domestic market stable and not to capitalize on the global market crisis. Read: Inflation, unstable forex rate major challenges: BB governor He instructed the market committee for monitoring the market to ensure that the products are sold at the prices fixed by the government. Ahead of Eid-ul-Azha, still there is no crisis of spices, he told reporters after the meeting. “FBCCI will recommend the names to the govt. agencies for punitive measures if it finds anyone responsible for creating an artificial crisis by stockpiling goods,” he said. Besides, he urged the mill owners to send the dealers list for sugar, salt, flour etc. to FBCCI. Read: OECD delegation interested in FBCCI's Innovation Centre President of Mohammadpur Townhall Dhaka North City Corporation Kitchen Market Merchant Association Md. Lutfar Rahman (Babul) informed that the association shut down the shops which were accused of stockpiling and selling goods at a higher price and this will continue in future. Among others, FBCCI Director Bijoy Kumar Kejriwal, Harun-Or Roshid, General Secretary of Mohammadpur Townhall Dhaka North City Corporation Kitchen Market Merchant Association Md. Muslim Uddin Shikder were also present at the meeting.