Tuesday, September 17, 2024

70pc TCB dealers not taking products on low market price

Most of the dealers of the Trading Corporation of Bangladesh across the country are not interested in taking commodities from the TCB as its margin of
the prices in compare with the market are very low.
The corporation is supplying four products — soybean oil, chickpeas, sugar and red lentil — on the eve of Ramadan and the dealers have been asked to take their allotments in two phases.
More than 70 per cent of the dealers did not take their allotments of the first phase of the deadline ended on July 8, officials concerned said.
TCB chairman Sarwar Jahan Talukdar told New Age that out of 2,984 dealers, about 30 per cent had taken their allotment in the first phase.
‘It’s an achievement for the TCB that the market prices of the commodities have decreased after starting of the open market sale,’ he said.
‘This is the important thing that the TCB is intervening in the market successfully. So, the number of TCB dealers and quantity of their taking goods are not important,’ Sarwar said.
He also said that the corporation had decided to decrease the price of chickpea by Tk 2 a kg and the commodity would be selling at Tk 58 a kg from Tuesday (today).
The TCB started selling essential commodities through its open market operation and dealers across the country since June 23 in a bid to keep their prices under control during Ramadan, the fasting month of the Muslims.
The TCB is selling bottled soybean oil at Tk 121 per litre, unpacked at Tk 105 while palm oil at Tk 75 a litre. The corporation is also selling chickpea at Tk 60 a kg, red lentil at Tk 70 a kg and sugar at Tk 44 a kg.
Chandpur General Store at city’s Karwanbazar, also a TCB dealer, has not taken TCB products due to the low prices on the market.
Borhan Uddin, who runs the store, said it would not be possible to gain profit through TCB products as the market prices are sometimes lower than the TCB products.
Another dealer, Aminur Rahman Amin, said the customers, in most of the cases, would not like to buy TCB products while there were goods of fine quality at reasonable prices available on the market.
New Age Staff Correspondent in Khulna reports that only 35 out of 535 TCB dealers of 10 districts of the Khulna Division filled their quotas in taking the corporation goods till Monday.
TCB Khulna regional office senior officer Bazlur Rashid said he had written official letters on June 20 to all dealers to fill their quotas within the deadline and sell it at fair prices in their respective areas.
‘But I am getting cold responses from them,’ he said.
Action would be taken if they do not comply with the terms and conditions of the agreement in getting dealership licence, he added.

-With New Age input

Related News

NBR scraps black money whitening scheme

Business Desk : dhakamirror.com The National Board of Revenue has cancelled the provision to whiten black money without scrutiny by paying a 15 percent tax. The tax administration issued a notification in this regard today. The development comes a few days after the interim government said it had decided to scrap the provision. The exemption ... Read more

BRAC Bank introduces VISA Platinum Flexi Card

Business Desk : dhakamirror.com BRAC Bank has introduced a new ‘VISA Platinum Flexi Credit Card’, exclusively designed for the youth and young professionals aspiring to elevate their lifestyle. The new credit card comes with a wide range of lifestyle, travel, hotel stay, and dine-in benefits for cardholders at a competitive annual fee, according to a ... Read more

Biswas Imports: Leading the way in Bangladesh’s car market

Business Desk : dhakamirror.com Biswas Imports has become a standout in Bangladesh’s car industry since starting as a Facebook page in 2015 by Mr Musa Biswas. The name “Biswas” means “Trust” in Bengali, reflecting their commitment to integrity and reliability. Specialising in importing and selling high-quality new and reconditioned cars from Japan, Europe, and the ... Read more

Bangladesh set to launch direct flights with Switzerland

Business Desk : dhakamirror.com Bangladesh is set to launch direct flights with Switzerland with at least 14 flights operating between the countries per week. The Government of Bangladesh and the Swiss Federal Council in Bern inked an agreement to this end on 4 June, marking significant progress in expanding the country’s air travel network, reads ... Read more

Emirates eliminates online payment limit for flights in BDT

Business Desk : dhakamirror.com Emirates has made online payment more convenient for customers purchasing tickets in Bangladesh. Now, customers can use locally issued debit and credit cards to complete payment transactions online for flight tickets and enjoy the convenience of unlimited transactions in BDT. Customers can enjoy the ease of paying for tickets on emirates.com, ... Read more

Aziz Khan next chair of Unicef Int’l Council

Business Desk : dhakamirror.com Unicef has announced Muhammed Aziz Khan as the incoming chair of the Unicef International Council, succeeding the inaugural chair, Maria Ahlstrom-Bondestam. He will assume the position in November this year, a press release issued by Unicef said yesterday. The Unicef International Council is a unique community of approximately 150 private philanthropists ... Read more

NJ Diamonds brings vibrant luxury jewelry to Bangladesh

Business Desk : dhakamirror.com NJ Diamonds, a new luxury jewelry brand, has officially launched in the capital at Banani road 11. The event was a glittering affair, attended by top influencers and industry elites, marking a significant milestone for the Bangladesh jewelry market. NJ Diamonds, founded by Noorjahan Abdullah & Labiba Abdullah, are set to ... Read more

NCC Bank celebrates 31 years of operations

Business Desk : dhakamirror.com NCC Bank celebrated its 31 years of operations at the bank’s head office in Dhaka on Friday. Md Abul Bashar, chairman of the bank, inaugurated the 31st anniversary programme, said a press release. NCC Bank started its journey on May 17, 1993. “During the 31 year-long-journey, the bank played a remarkable ... Read more

21 winners receive gifts from Nagad’s mega campaign

Business Desk : dhakamirror.com A total of 21 winners have received different gifts by taking part in the country’s biggest transactions campaign – initiated by Nagad, a popular mobile financial service provider. Recently, Nagad’s Senior Executive Vice-President and Chief Marketing Officer Sadat Adnan Ahmad and Executive Vice-President and Deputy Chief Marketing Officer Muhammad Solaiman handed ... Read more

Hatil Chairman Selim H Rahman honoured with CIP award

Business Desk : dhakamirror.com Selim H Rahman, the esteemed Chairman and Managing Director of HATIL, a leading name in the furniture industry, was conferred with the prestigious Commercially Important Person (CIP) award for his pioneering contributions to the export of the furniture sector. The ceremony held at the Radisson Blu Water Garden Hotel, Dhaka, on ... Read more

Emirates announces first destinations for A350 service

Business Desk : dhakamirror.com Emirates has announced the first set of destinations to be served by its A350 aircraft entering service in September 2024. The airline plans to deploy its latest aircraft type to 9 destinations in the coming months, offering customers its latest signature cabin experiences.10 new A350s are expected to join the Emirates ... Read more

Adidas nearly ready to open outlet in Dhaka

Business Desk : dhakamirror.com Adidas, the German athletic apparel and footwear giant, is set to open its first outlet in Bangladesh this month at Gulshan-1 in the capital. The three-stripes will partner up with leading local conglomerate DBL Group, which will facilitate its entry into the Bangladesh market. “We have planned a soft launch on ... Read more

Shwapno opens new outlet in Pabna

Business Desk : dhakamirror.com Popular retail chain shop “Shwapno” has opened a new outlet in Pabna’s Sujanagar at Molla Super Market. The inauguration took place at 5:30pm on 30 December, reads a press release. Present at the event were Ahmed Firoz Kabir, Member of Parliament for Pabna-2 (Sujanagar, Aminpur), Chairman Shahinujjaman Shahin of Sujanagar Upazila, ... Read more

Shwapno launches new outlet at Bashundhara

Business Desk : dhakamirror.com Shwapno, the largest retail chain in Bangladesh, launched an outlet in the Bashundhara area on Thursday offering a month-long discount with a home delivery facility. On behalf of Bashundhara Group, media advisor Mohammad Abu Tayeb inaugurated the outlet as guest of honour at the Rupayan shopping centre in the residential area, ... Read more

With ‘Face ID’ and ‘Fingerprint’ login bKash app is now more secure, user-friendly

Business Desk : dhakamirror.com bKash app introduces biometric ‘Face ID’ and ‘Fingerprint’ login features to make users’ daily transactions easier and safer. Alongside, exciting new features – ‘Group Send Money’, ‘Request Money’, ‘Savings Marketplace’ and selecting ‘Default Card’ to use the ‘Add money’ service from VISA card to bKash – are also included in the ... Read more

Grameenphone wins ‘Bangladesh Sustainability Excellence Awards 2023’ in Financial Inclusion

Business Desk : dhakamirror.com It was an evening to rejoice and remember for Grameenphone at the Bangladesh Sustainability Excellence Awards 2023, as the organization’s sincere efforts with flagship initiatives GP Accelerator and GP Academy received due recognition. Renowned media house The Daily Star, along with CSR Window, honored the winners at the Bangladesh Sustainability Excellence ... Read more

Banglalink wins the best sustainability award

Business Desk : dhakamirror.com Banglalink has won the ‘Best Sustainability Excellence Initiative’ award in the ‘Disaster Response’ category at the ‘Bangladesh Sustainability Excellence Awards 2023,’ jointly presented by The Daily Star and CSR Window Bangladesh. The award is in recognition of Banglalink’s contribution to societal welfare through the innovative integration of an Early Warning System ... Read more

StanChart wins Mastercard Excellence Awards

Business Desk : dhakamirror.com Standard Chartered Bangladesh has clinched awards in three categories at the “Mastercard Excellence Awards 2023”. The categories are “Excellence in Mastercard Contactless (Issuing)”, “Excellence in Mastercard Credit Business (International)”, and “Excellence in Mastercard Business (Innovation)”. Naser Ezaz Bijoy, chief executive officer of the multinational bank, received an award from Atiur Rahman, ... Read more

Nagad wins Mastercard Excellence Award 2023

Business Desk : dhakamirror.com Nagad, a popular mobile financial service provider in Bangladesh, has clinched “Mastercard Excellence Award” 2023 for its contribution to credit card bill payments. The mobile money carrier has been honoured with this prestigious award as the “Master Evolution”, reads a press release. On behalf of his company, Nagad’s Executive Director Maruful ... Read more

Prime Bank clinches Mastercard Excellence Awards 2023

Business Desk : dhakamirror.com Prime Bank PLC, a leading private commercial bank of the country, has won Mastercard Excellence Awards 2023 for Debit Business (Domestic) category. Nazeem A Choudhury, deputy managing director of the bank, and Masudul Haque Bhuiyan, head of Cards & Alternative Delivery Channel, received the award from Dr Atiur Rahman, former governor ... Read more