Economy
PM Sheikh Hasina Awards National Export Trophy to Top Exporters
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Prime Minister Sheikh Hasina today presented the National Export Trophy to 77 top exporters for the fiscal year 2021-22, aimed at fostering competition and boosting export earnings.
She handed out the trophies in 32 categories, recognizing outstanding contributions to the country’s export earnings and overall economy, during a ceremony at the Osmani Memorial Auditorium.
Rifat Garments Ltd received the highest honor, the Bangabandhu Sheikh Mujib Export Trophy, for achieving the highest export earnings in the readymade garment (RMG) woven category for the fiscal year 2021-22.
The award-winning exporters were presented with gold, silver, and bronze awards: 28 firms received gold awards, 27 silver, and 21 bronze.
State Minister for Commerce Ahasanul Islam Titu, Parliamentary Standing Committee Chairman on Commerce Tipu Munshi, Commerce Secretary Md Selim Uddin, Export Promotion Bureau (EPB) Vice Chairman Md Anwar Hossain, and Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Mahbubul Alam spoke at the event.
Sajid Azad, Director of Rifat Garments Ltd, expressed his gratitude for winning the highest recognition, the Bangabandhu Sheikh Mujib Export Trophy. Additionally, Amrita Makin Islam, Deputy Managing Director of Picard Bangladesh, shared her joy in winning the gold medal for highest export earnings in the leather and leather goods category.
A documentary on the export business was also screened during the function.
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Economy
CA pays tribute at Armed Forces Division
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Chief Adviser Prof Muhammad Yunus on Thursday paid tribute to the Armed Forces Division by placing a floral wreath at its headquarters.
Prof Yunus, who visited the division as part of his official duties, laid the wreath to honor the sacrifices and dedication of the members of the Armed Forces.
Following the wreath-laying ceremony, he signed the visitor’s book.
Economy
CEC, Four Election Commissioners Resign Amid Political Tensions
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Chief Election Commissioner (CEC) Kazi Habibul Awal, along with four other election commissioners, announced their resignation during a press conference today at the Election Commission (EC) building. The resignation follows growing speculation and pressure.
CEC Awal stated, “In this changed situation, I and other commissioners have decided to step down. We’re handing over our resignation letters to the EC Secretary to send it to the President.” After submitting the letters, the CEC and some commissioners quickly left the premises, with no clear explanation for the absence of two election commissioners.
The resignations come amid increasing unrest tied to the registration of political parties such as Nagarik Oikya and Gono Odhikar Parishad. Sources revealed the CEC felt unsafe due to aggressive behavior from activists, prompting the decision to step down.
Protesters outside the EC building hurled shoes at vehicles carrying Election Commissioners Rashida Sultana, Md Alamgir, and Anisur Rahman as they left. Meanwhile, preparations for their exit had already been underway, with the commissioners reportedly relocating personal belongings from their offices.
The commission, appointed in February 2022 for a five-year term, had previously expressed confusion over demands for their resignation, maintaining they had conducted fair elections. However, internal discussions led to the collective decision to resign earlier than expected.
Economy
Govt to purchase LNG from 23 listed companies in int’l spot market through open tender
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The government will now purchase LNG from the international spot market through open tender instead of negotiation.
Cabinet Committee on Economic Affairs (CCEA) in a meeting on Wednesday in principle approved a proposal in this regard.
Adviser of the interim government for Finance Dr. Salehuddin Ahmed, who presided over the meeting, said that the government will procure LNG through open tender.
The Energy and Mineral Division of the Ministry of Power, Energy and Mineral Resources placed the proposal where it sought approval to import LNG from 23 listed companies in the international spot market.
The adviser said that though such 23 companies were enlisted by the previous Awami League government and signed Master Sales and Purchase Agreement, they will remain unchanged.
He said that instead of applying the Speedy Increase of Energy and Power Supply (Special) Act 2010, the interim government will follow the Public Procurement Rules 2008 to ensure the competitive bidding process.
“We don’t want to change them as we wanted to import LNG quickly, ensuring proper competition among the suppliers,” he told reporters.
Committee also approved another proposal in principle to sign a contract to import urea fertiliser for the 2024-25 fiscal year from Fertiglobe Distribution Limited, UAE, on a G-to-G basis.
Meanwhile, the Cabinet Committee on Government Procurement (CCGP) in a meeting, presided over by the Adviser for Finance, approved 3 proposals for import of lentil and fertiliser.
As per the proposal, the Trading Corporation of Bangladesh will procure 10,000 metric tons (MT) of lentil from local firm Sahara Enterprise at a cost of Tk 98.20 crore with each kg priced at Tk 98.20.
The Commerce Ministry which moved the proposal on behalf of the TCB in the meeting mentioned in the proposal that the supplier firm was selected through open tender.
The CCGP approved two separate proposals of the Industries Ministry under which Bangladesh Chemical Industries Corporation will import 30,000 MT of bulk granular urea fertiliser from Fertiglobe Distribution Limited, UAE, under state to state contract at a cost of Tk 121.48 crore.
Each metric ton of fertiliser will cost $343.17.
Another 30,000 MT of bagged granular urea fertiliser will be procured from the local Karnaphuli Fertilizer Company Limited (Kafco) at a cost of Tk 116.99 crore with each metric ton costing $330.50.