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Economy

Chattogram Port, Customs Active During Eid Holidays

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Chattogram port and customs are set to remain operational during the upcoming Eid-ul-Fitr holidays to facilitate a smooth supply chain, including import and export activities. Private depots and other related stakeholder organizations will also continue their operations from 10th to 14th April.

Institutions have already issued instructions to deploy manpower across various departments to ensure seamless operations. The Chattogram Port Authority (CPA) issued instructions on 3rd April, directing Chattogram Port, Pangaon Inland Container Terminal (ICT), and Dhaka Kamalapur Inland Container Depot (ICD) to operate throughout the Eid holidays. They also instructed the deployment of manpower at booths of several banks within the port premises.

CPA Secretary Md Omar Farooq stated that all necessary preparations have been made to ensure uninterrupted port operations during Eid. He mentioned that while delivery activities will be temporarily suspended on Eid day, they will resume in the afternoon, allowing product collections. Shipments will continue as usual.

Chattogram Customs has also instructed the continuation of activities during Eid. Mohammad Ruhul Amin, the Additional Commissioner of Chittagong Custom House, directed relevant customs units to ensure the continuation of export activities in Chattogram EPZ.

Ruhul Amin Shikder, the secretary-general of the Bangladesh Inland Container Depots Association, highlighted that private container depots have been operational during Eid holidays for the past decade. However, there is usually a noticeable decrease in container deliveries before and after Eid, leading to backlogs at ports and depots, which occurs annually.

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Economy

Remittances Top $2bn in First 28 Days of September

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Expatriate Bangladeshis sent approximately US$ 2.11 billion in remittances during the first 28 days of September in the fiscal year 2024-25, according to data released by Bangladesh Bank on 29 September.

Of this total, state-owned and specialised banks handled $679.10 million, while private banks received $1.43 billion in remittances.

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Yunus Pledges Swift Reforms and Election in Bangladesh’s Interim Govt

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Chief Adviser to Bangladesh’s interim government, Professor Muhammad Yunus, has vowed to expedite reforms and hold elections swiftly. Yunus, who recently assumed the role after the collapse of Prime Minister Sheikh Hasina’s 15-year administration, expressed his commitment during an interview with Tokyo-based news outlet NHK WORLD in New York on Sunday. He was attending the United Nations General Assembly at the time.

Following mass student-led protests that ended Hasina’s long-standing rule in August, Yunus stepped in as the leader of the caretaker government. Known for founding Grameen Bank, an institution providing microloans to the underprivileged, Yunus, along with the bank, earned the Nobel Peace Prize in 2006 for his efforts in poverty alleviation.

During the interview, Yunus emphasized that the interim government’s primary mission is to implement reforms promptly and ensure elections are held as soon as the groundwork is complete. He underscored the importance of success, stating, “Failure is not something that we can accept.”

Addressing the pivotal role of students in the ousting of the Hasina administration, Yunus acknowledged the sacrifices made by young people, referring to their involvement as part of a “revolution.” He highlighted his intention to engage the younger generation in shaping policy.

Furthermore, Yunus called for continued support from Japan, Bangladesh’s largest donor, during this crucial transition period. He stressed that Japan’s assistance is vital to stabilizing Bangladesh’s economy and fostering a democratic foundation in the nation.

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Polythene Bags to Be Phased Out, Says Environment Adviser Rizwana Hasan

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Syeda Rizwana Hasan, the Adviser for Environment, Forests, and Climate Change, announced today that steps will be taken to restrict the use of polythene shopping bags to safeguard future generations.

Starting from October 1, polythene bags will be banned in shopping malls, followed by a ban in kitchen markets from November 1.

“Everyone must take responsibility and stop using polythene voluntarily. Action against polythene producers will begin from November 1,” Rizwana Hasan stated during a seminar.

The Department of Environment (DoE) organized the seminar to raise public awareness about alternatives to banned polythene bags.

Rizwana Hasan highlighted that the restriction on polythene will be executed in phases according to legal provisions, and discussions with shopping centers and store owners are ongoing to ensure a smooth transition.

She also announced plans to make the government secretariat a plastic-free zone by December.

Other speakers at the seminar included Environment Secretary Dr. Farhina Ahmed, DoE Director General Dr. Abdul Hamid, Director Rajinara Begum, President of the Shop Owners Association Muhammad Helal Uddin, and Md. Arifur Rahman Bhuiyan, Assistant Professor of Environmental Science at BUP. They discussed the harmful effects of polythene and the need for alternative products.

Earlier, Rizwana Hasan inaugurated a fair showcasing eco-friendly alternatives to polythene bags and visited 24 stalls. The fair featured products from government and private entrepreneurs, including reusable bags, jute bags, paper bags, and items made from bamboo and cane.

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