Meghna Group of Industries (MGI) and TK Group, two major commodity processors in Bangladesh, are set to enter into the milling and marketing of rice, a move that may intensify competition but drive small operators out of the market.
Amidst a fall in the letters of credit (LCs) for key essential commodities, the commerce ministry yesterday said it would request banks to retain some dollars to facilitate the import to meet Ramadan’s usual increase in demand.
Unilever Bangladesh has compromised with its profit margins despite increasing prices of soap, shampoo and other products owing to soaring costs of raw materials in the global market and freight charges and a strong dollar, its lawyer claimed on Tuesday. Barrister Mustafizur Rahman Khan, counsel for the multinational company, made the claim at a hearing arranged by the
The Bangladesh Competition Commission has filed 44 cases against 36 firms and individual businesses including corporate giants like Unilever, Pran, Square, ACI, Akiz, Bashundhara and S Alam Group, on charge of destabilising the commodity market by hiking prices unusually. Although the commission filed the suo moto cases on Thursday, the full list of the