CPD RMG Study Stitching a better future for Bangladesh
Every day, CPD RMG Study team reveals what’s on our economic and apparel radar and curates a selection of the best reports, opinion, and analysis you may have missed
DCCI opposes move to raise power tariff
The Dhaka Chamber of Commerce and Industry opposed the latest move of the government to increase the tariff of electricity saying that the proposed hike would slowdown country’s economic growth, New Age reported.
‘Against the claim of tariff hike to offset the loss incurred by the Bangladesh Power Development Board, the [electricity] prices at industrial level and commercial consumers’ level is around 180 per cent higher than the generation cost, which does not justify proposed tariff hike at consumers’ level,’ the report quoted the DCCI press release as saying.
LPG market booming without regulations
Consumption of liquefied petroleum gas in the country has been increasing at a faster pace since 2013 with growing allegations of charging higher prices and supplying the cooking gas without maintaining quality and quantity, New Age reported.
Ban on providing new gas connections to households since 2013, price fall and rise of consciousness among eligible people about hazardous arrangements of daily cooking are the major reasons for the booming market, the report quoted officials as saying.
ICCB delegates meet with Australian trade officials
A delegation of the International Chamber of Commerce Bangladesh met with officials from the Australian Trade and Investment Commission in Sydney and discussed about trade and investment promotion between the two countries, the Daily Star reported.
ICC Bangladesh President Mahbubur Rahman led the delegation during the meeting on September 20, said the chamber in a statement yesterday, the report added.
