Monday, October 26, 2026

Creating Another Draconian Entity?

Empowering BCC without vital reform,
A draconian entity is in making without uniform.

Bangladesh Competition Commission (BCC) presses hard the govt to make amendment to the Competition Commission Act 2012 that will allow it to break into offices,servers of the companies not willing to share information. If the new amendment makes its way, the BCC will be able to search companies, seize documents and digital device of the companies [accused for] market malpractices and [being] noncooperative to BCC demands.

BCC remains inactive for quite some time while imperfections in various markets conspicuously observed in recent times. So far it has failed to implement the act that clearly spelt out its role in case of clear violation in creating a congenial atmosphere for a competitive market. This matter has been discussed by me at length in the piece titled "Wake Up BCC", published here on September 15,2026(see https://hoquestake.blogspot.com/2026/09/wake-up-bcc.html?m=1). Consumers were appalled to notice inaction from BCC's part when packed pilaf rice market went volatile, daily market witnessed price hike, less competition observed in the MFS market and energy division introduced a biased private sector fuel import and distribution policy. Existing competition law is enough to make corrective intervention and to hold a public audition. Yet that thing did not happen.

Dissemination of the news of its intervention and transcript/ live broadcast of its auditioning will send a convincing signal to the market and consumer. Instead it is reported that BCC seeks amendment to the law to break into a company and seize its documents.

This step is objectionable for couple of reasons. First, BCC must have capability and means to retrieve information from elsewhere when a company decides not to cooperate. BCC should have clear framework of agreements with other organizations like NBR, customs, utility companies, joint register of stock, market research firms,law firms and universities to get information on certain market and stakeholders of that market. If this happens, noncooperation of alleged company will not be a big deal.

Second, BCC is asking for role similar to NBR officials who can look into the matter of tax evasion by a company and get hold of its documents for further scrutiny. Though objectives of NBR and BCC are different, their roles are similar. It is needless to say that NBR data is more than enough to get things done for the BCC. Then why does allow BCC to perform similar role? There is a global trend that homogeneous organizations should function together. In this backdrop, Bangladesh merged Bangladesh Investment Development Authority (BIDA) and Bangladesh Export Processing Zone Authority (BEZA) into Invest Bangladesh to facilitate foreign direct investment. Since market share and market dominance reflected in tax return, VAT return and custom duties, it will be redundant and waste of taxpayers' money to assign similar NBR roles to BCC. What is needed is greater cooperation and coordination between two organizations and BCC's access to NBR data in times of need.

Third, BCC is mostly staffed by govt officials of various educational background. It appears that staffs like them may make BCC a police organization. And proposed amendment may turn it into a draconian organization as they swoop into a company's servers,documents in whimsical pretext, violating the company's business secrecy. For a company, its business secrets are vital to protect it from other competitors. If its vital [business] detail,monthly sales,forecast,technology used etc fall into wrong hands, then its business may incur serious losses. Interestingly, income tax act protects a taxpayer/entity by not allowing NBR or any other person disclosing his/its tax details into public domain unless the taxpayer is a public figure or the company belongs to a public figure. Income tax act also proposes punishment if there is any breach to the law. In contrast, the Competition Commission Act 2012 does not offer any protection to a company to safeguard its business secrets.

Fourth, integrity and professionalism of BCC staffs are important. Since we live in a corrupt environment, integrity and competency of the govt officials are always questioned. BCC will be well managed and headed by barristers or former judges who are well versed in company laws and dealt extensively with company disputes, chartered accountants, market researchers, investment bankers, economists and former NBR officials. It is interesting that govt is splitting the NBR into two departments --- a policy department led by NBR experts and a management department led by govt officials. It is being done so that policy making and implementation will be done by two distinct entities, reducing harassment of the taxpayers. This is not the case with the BCC, which is largely managed by govt officials and there is a lack of specialized workforce. Prevailing situation increases the likelihood of harassment of the companies if BCC manages to implement the proposed amendment to the Competition Commission Act.

The existing competition act has provided enough ammunitions to BCC to go after the market malpractitioners. Yet it remained dead silent in the time of crisis. It indicates BCC is not up to the task and it has yet to prove its mettle. In this backdrop, the proposed amendment will make BCC a draconian organization and an instrument of harassment. What is needed is greater coordination between BCC and other organizations. Laws and amendments are needed first to decide who will be eligible to manage and head BCC, ensure privacy and secrecy of the companies, split BCC into two distinct bodies like the NBR and hold accountable BCC officials in case of failure to comply with the law. Before addressing these issues, empowering BCC with the proposed amendment will hurt both the companies and consumers alike.

Saturday, October 24, 2026

La Semaine Dernière A Mes Yeux



(17 octobre --- 23 octobre)

Cliquez pour voir/cacher
Ma Semaine Gastronomique
Date Petit déjeuner Déjeuner Dîner Snacks,Sucreries,Boissons et Fritures
17 Pain,Œuf Riz,Épinard d'eau,Poulet,Citrouille Pain,Poulet Goyave,Prune à cochon,Banane, Lait,Sweets
18 Pain,Poulet,Œuf Riz, Taro,Poulet,Soupe aux lentilles Pitha Pomme,Prune à cochon, Banane
19 Pain,Gourde bouteille,Œuf Riz,Poulet,Œuf Pitha,Riz,Soupe au poulet Pomme,Prune à cochon, Banane
20 Pain,Œuf Riz, Kajari poisson,Meni poisson,Soupe au vigna mungo Pitha Pomme,Prune à cochon,Banane
21 Pain,Papaye-Lentilles,Œuf Riz,Papaye-Lentilles,Kajari poisson Puri Goyave,Lait, Banane
22 Pain,Papaye-Lentilles,Œuf Riz, Yard long beans,Épinard malabar,Soupe aux lentilles Pois chiches,Riz gonflé Goyave,Yaourt sucré
23 Pain,Yard long beans,Œuf Riz,Purée de cumin noir,Feuilles de citrouille, Yard long beans,Soupe aux lentilles Pois chiches, Riz gonflé, Pianju Goyave

Tuesday, October 20, 2026

A Recipe To Keep Economy On Steroids

A recipe to keep economy on steroids,
Policies contradict as inflation deteriorates.

Bangladesh Bank has decided to publish Monetary Policy Statement (MPS) quarterly. It is indeed a good move. It will allow govt to correct monetary policy measures quickly instead of half yearly. It will also help to monitor the impact of its monetary policies quarterly, facilitating corrective decisions at the earliest possible time.

The latest MPS (Oct-Dec 2027) keeps the policy rate same at 9.50%. It is due to inflation easing at 8.26% in August. However, inflation soared to 8.34% in September. And the fuel price hike and pay hike in general cause pressure on inflation. MPS acknowledges that the recent pay hike, which will annually cost govt additional $8.5 billion, is likely to worsen inflation. In its latest world economic outlook, the IMF projects that inflation in Bangladesh will hover around 10.9% in 2027. This provides strong context for increasing the policy rate and pursuing a tight monetary policy in the Jan-Mar 2027 period.

The MPS reveals that in the first two months of FY 27, there was deficit in overall balance due to deficit in financial account. This highlights that govt did not manage enough foreign credit and aid to finance budget deficit. If this trend continues, then govt has to borrow more from the banking sector to finance budget deficit. This will further curtail credit to private sector, which registered 4.75% growth in August.

Weak revenue generation also makes borrowing from the banks inevitable. Banking sector on the other hand is overwhelmed by swelling of Non Performing Loans(NPLs), which is more than 34% of total outstanding loan.

Meanwhile, the central bank governor Mostaqur Rahman said the govt would require Tk 60000 crore for at least 5 years(see "Banking sector recovery requires Tk 60000 crore for 5-8 years: Governor", The Business Standard, October 10,2026 ,https://www.tbsnews.net/economy/banking/banking-sector-recovery-requires-tk60000cr-annually-5-8-years-governor-1568051). The govt said the money would come from the budget. For a moment, think a bunch of thugs plundered Tk 100 from your banking system and got away with the money. The govt could not recover the money but inject Tk 100 more into the banking system. This money either would come from the taxpayers or from govt's money printing machine. This literally means taxpayers are paying for the crime of bank plunderers. If money stems from printing the required sum, then this means more money is in circulation in the system and govt is literally paying for the crime. In this situation, inflation will deteriorate, further complicating the economic recovery.

If you look at the total figure govt intends to inject into the banking system, you will be stunned as the figure stands at Tk 3 trillion ($ 24.39 billion). If govt is really serious about this, I do not think it will solely depend on taxpayers' money. Why? The revenue mobilization is weak and downgraded growth forecast and subdued economic activity do not provide room for optimism that govt will generate enough revenue to meet its expenses. This means support to the banks will partly come from the taxpayers' money and partly come from printing money. Money printing will account for a large part of this banking support. This means Bangladesh's economy will largely be on steroids! And both the taxpayers and govt are likely to pay for the crimes of bank looters if govt really goes ahead with its banking support plan.

This line of thinking also lays bare contradictory policies govt is pursuing. The pay hike will require additional $8.5 billion every year. The bank support will require further $4.8 billion annually. Together the two will make the additional cost $13.3 billion per year. Even if the one-third ($4.3 billion)of this extra cost comes from the taxpayers' money, the rest will either come from printing money or from foreign borrowing. Since commitment of foreign assistance is drying up, there is greater likelihood of money printing to finance the rest ($8.86 billion) of the additional cost.

This approach is clearly monetary expansion while the central bank is pursuing a contractionary monetary policy. This is where policy credibility of the central bank is called into question. Central bank's monetary policy focuses on fighting inflation, tilting towards tight monetary policy. Meanwhile, the governor hints at an annual bank support program, lacking clear financing policy and indicating money printing measures. What signal does the market get? Govt should focus on containing inflation and discard the bank support program. Bailing out some others' mistakes/ crimes is not job of taxpayers and govt. Inflation penalizes people and govt, raises borrowing cost and subdues the economy. It is not the interest rate that is to blame. So inflation-fuelling measures should be stopped and efforts should be doubled to contain the inflation.

Thursday, October 15, 2026

La Semaine Dernière A Mes Yeux



(10 octobre --- 16 octobre )

Cliquez pour voir/cacher
Ma Semaine Gastronomique
Date Petit déjeuner Déjeuner Dîner Snacks,Sucreries,Boissons et Fritures
10 Pain,Poulet,Œuf Riz,Petit poisson Pain,Soupe au poulet,Pita Pomme,Saboo
11 Pain,Œuf,Soupe au poulet Riz, Poulet Pain,Lait Pomme,Saboo
12 Pain,Soupe aux lentilles,Œuf Riz,Ruhi,Purée de banane verte,Soupe aux lentilles Pain,Soupe aux lentilles Pomme,Payesh
13 Pain,Œuf,Soupe aux lentilles Riz, Poulet,Soupe aux lentilles Pain,Poulet Pomme
14 Paratha,Pomme de terre,Œuf Riz,Ruhi,Aïr,Épinard d'eau,Soupe aux lentilles Riz,Ruhi,Soupe aux lentilles Pomme,Hog plum
15 Pain,Œuf,Pomme de terre Riz, Poulet,Soupe aux lentilles,Citrouille Sticky rice,Lait,Banane Pomme,Sweets,Banane,Hog plum
16 Pain,Yard long beans,Œuf Riz,Bata poisson,Pomme d'éléphant, Épinard d'eau,Yard long beans Sticky rice,Bata poisson,Radis Goyave,Hog plum,Banane

Tuesday, October 13, 2026

Consider Greater Good

Import of eggs in summer season,
Consider it for welfare reason.

Rising prices of egg give a good amount of trouble to the consumers. Being cheapest source of protein, any price hike in egg causes serous trouble in protein consumption of urban consumers. A dozen is being traded at Tk 165. Such exorbitant prices of egg evidently slash the consumption of egg.

It is pretty common that egg prices soar during summer season. Big poultry farmers claim that Chickens drink lots of water and eat less feed in this time. It results in drop in egg production, causing rise in egg prices. Prices of eggs stabilize in the winter season. Despite this recurrent phenomenon, we see little intervention from the government.

Govt could easily allow import of eggs in the summer season, when egg production dips. Imported eggs could meet up the shortfall in production, stabilizing the price in egg market. Allowing more people to import egg in this 4/5 months greatly address the crisis in the egg market. For some reasons, govt is not in favor of widespread import of eggs. If govt limits import of eggs to urban areas, that will do a great help bringing down the prices of eggs in the summer season.

Since diesel price increased by Tk 20/liter, there is widespread apprehension that prices of essentials will go up,worsening inflation. In this backdrop, eggs and poultry products may witness elevated price in winter season too. Furthermore, Bangladesh imports key ingredients of poultry feed. Corn and soya account for 85% of poultry feed. And poultry feed accounts for 70% of the cost. Any external shock has the potential to increase the import cost of key ingredients of poultry feed, leading to hike the prices of poultry products.

It is reported that chick production is concentrated into the hands of big private Breeders and Hatchers. Govt can intervene here by setting up hatcheries and facilities for poultry feed across the country. Marginalized poultry farmers will avail chicks and poultry feeds at affordable prices. This ,in the end,will help maintain a stable price for poultry products.

Keeping prices of egg and poultry products low is crucial for continuing protein consumption and keeping inflation in check. This is why addressing the soaring egg prices during the summer season is important. Greater welfare is achieved by serving a wide range of consumers. For this reason, widespread import of eggs for 4/5 months of a given year should be considered for greater welfare.

Sunday, October 11, 2026

La Semaine Dernière A Mes Yeux



(03 octobre --- 09 octobre)

Cliquez pour voir/cacher
Ma Semaine Gastronomique
Date Petit déjeuner Déjeuner Dîner Snacks,Sucreries,Boissons et Fritures
03 Pain,Banane,Datte Riz,Poulet,Taro,Gombo Sticky rice,Banane Lait Pomme,Goyave,Hog plum
04 Pain, Pomme de terre, Œuf Riz,Poulet Banane Goyave,Hog plum
05 Pain,Banane,Riz gonflé,Œuf Riz,Purée de Banane verte,Pomme d'éléphant Lait,Pois chiches Goyave,Hog plume,Jambura
06 Pain, Raisin, Œuf Riz,Soupe au Poulet Pain,Banane Goyave,Lait, Payesh
07 Pain,Soupe au poulet Riz,Soupe au poulet,Radis Saboo,Mangue Goyave,Lait,Pomme
08 Paratha,Lait, Œuf Khichudi, Poulet Khichudi, Poulet Goyave,Lait, Pomme,Saboo
09 Pain,Œuf, poulet Riz,Petit poisson Soupe au poulet,Pitha Pomme

Tuesday, October 6, 2026

La Semaine Dernière A Mes Yeux



(26 septembre --- 02 octobre)

Cliquez pour voir/cacher
Ma Semaine Gastronomique
Date Petit déjeuner Déjeuner Dîner Snacks,Sucreries,Boissons et Fritures
26 Pain,Œuf Riz,Ruhi,Yardlong beans,Soupe aux lentilles Riz gonflé, Yaourt ---
27 Sticky rice,Yaourt,Banane Riz, Ruhi,Courge amère avec haricot rouge,Purée de pomme de terre Riz gonflé Tang,Kalojam
28 Pain,Papaye,Œuf Riz,Piranha,Taro Riz gonflé, Pois chiches --
29 Pain,Yardlong jeans,Egg,Courge amère Riz, Ruhi, Taro,Purée de pomme de terre Riz gonflé,Pois chiches --
30 Pain,Pomme de terre,Banane Riz,Poulet,Gombo,Taro Sticky rice,Banane,Lait --
01 Bread,Yardlong beans Riz, Ruhi,Gombo,Soupe aux lentilles, Yardlong beans,Feuilles de citrouille Sticky rice,Banane, Lait ---
02 Pain,Banane, Lait Sticky rice,Poulet, Pois blanc Sticky rice,Banane, Lait --

Tuesday, September 29, 2026

Address Market Imperfections

Few firms with dominant market position,
Consumers need regular BCC intervention.

For some strange reasons, we seem more concerned about monopoly as main source of market imperfections. Other more pressing market imperfections issues like price fixing, bid-rigging, tie-in sales,market allocation, creating entry barriers etc often go unnoticed. Two or more firms fixing prices, firms in collusion [letting] a firm win a bid, firm selling different product with its main product and firms dividing the market among themselves deeply influence competition and profitability. Reduced competition, in turn,let few firms gain more market share.

Regulatory intervention is therefore needed to stem concentration of market share into the hands of few firms. True reporting of the sales figure by firms in their annual report often leads to determine market share of a firm in a particular industry. Unfortunately this information is not available as many firms do not publish regularly annual report or audit report. However, regulatory bodies have means to determine size of a market in a particular industry and market share of each individual firm in that industry. If this is the case, then they know the way to eradicate the market imperfections that are detrimental to both consumer welfare and competition.

Determining true market share of a firm is important for another reason. Nowadays, revenue shortfall has become a recurring phenomenon for the govt. This year govt revenue collection target is Tk 7 trillion, which many believe quite impossible to achieve. Extra revenue may come from unearthing the true market share of a firm. Often significant market share allows a firm to abuse its dominant position in an industry. This is when intervention of regulatory body is needed. We have examples too in this country.

Bangladesh Telecom Regulatory Commission (BTRC) introduced significant market player clause that allows it to impose restrictive measures to curb influence of a dominant market player. The matter created widespread debate when BTRC slapped punitive tariffs on two leading mobile operators for hiding information on new subscribers.

Drawing this lesson from BTRC, Bangladesh Competition Commission (BCC) may introduce and apply significant market player clause for other markets too.Firms having significant market share caught abusing their dominant position in the market through malpractices like price fixing, collusive bidding, market allocation can be subject to punitive/corrective tariffs.

Determining true market share of a firm in an industry can lead to potential new investment in that industry. Removing the entry barrier is a precondition to attain that reality. In some markets even 50% market share of a firm may not be a significant market share if entry is free and arrival of new entrants drive price lower to competitive market. So prevailing markets have new business opportunities due to concentration of market share into the hands of few firms. This is particularly true for kitchen market.

So determining the market share of a firm has become vital from the point of view of competition, revenue, consumer welfare and investment.

Share of the market is an indirect measure of market power, which is the ability of the firm to set price above market level. So it is the job of BCC to determine what should be called the dominant market power in an industry, scrutinizing nature of that industry. For some industry, 25% or 30% market share can be considered dominant if huge capital investment is not required.

Concentration of market share is not bad when quality output is produced efficiently at a much lower price and consumer can get it cheaply than before. If the opposite happens, then regulatory body should step in for the sake of consumer welfare and competition.

Antitrust issues are least concerned matters from the perspective of our policymakers. That is why market imperfections are so prevalent here. In various markets,we see markets are dominated by few firms. There are rooms for new entrants in these markets. What is missing is the regular intervention of BCC. As we have laws and institutions to check market imperfections, it will be a good thing to make good use of them.

Tuesday, September 22, 2026

Alternate Financing For Future Liability?

Hike in public spending tests NBR's ability,
Issue of foreign bonds increases govt liability.

Govt seems determined to issue sovereign dollar bond by December this year. The size of the debt will be between $500 million and $1 billion. Government's alternative financing committee is working on the size and terms of the issuance. The initiative to explore foreign capital market for raising funds will come into reality within two to three months.The govt also has plans to issue Panda bond in China. The size of the Panda Bond will be initially $50 million. In addition, govt is also contemplating samurai,sukuk,infrastructure and diaspora bond as alternative financing means.

Leaning towards issuing foreign currency bonds underscores govt's desire to diversify financing sources to meet the budget deficits. Growing non performing loans (NPLs) in the banking sector, low private sector credit due to high public borrowing from banks and less access to soft credit after LDC graduation induce govt to explore foreign capital market.

Meanwhile, Moody's latest revision of credit rating outlook for Bangladesh from "Negative" to "Stable" may help Bangladesh in the endeavor of exploring the foreign capital market. The consistent growth of foreign exchange reserve and remittances inflow contributed to this revision. However, Moody's credit rating for Bangladesh remains B2, which was downgraded from B1 in 2025.

Earlier, S&P Global Ratings had revised Bangladesh's outlook on long-term sovereign credit rating from stable to negative. The agency attributed reasons for the revision to weak banking sector, poor revenue collection, external factors and high likelihood of delayed recovery.

The agency observed that non performing loan in the banking sector reached about 40% of total loans, govt revenue collection accounts for 8%-9% of GDP and interest payments represent 30% of govt revenue.

That means revenue collection is still inadequate and more than a quarter of that revenue goes for paying up the the interest of government debt. In this backdrop, the government is pondering to draw money from foreign debt market.

Government is not increasing the pace of domestic revenue collection to meet the existing debt servicing obligation but embarking on issuing bonds that will require more revenue money to pay the interest/ coupon.

Moody's revision for Bangladesh's credit outlook will have a positive impact on future revision of outlook by other credit rating agencies. But fiscal and governance challenges remain and have the risks to worsen economy.

Foreign investors are often more [concerned] about the fiscal policy, monetary policy and how the money raised through bonds is being spent. I highlighted the issue in the piece "Foreign Currency Bond: The Cart Before The Horse" published here on July 28,2026 (see https://hoquestake.blogspot.com/2026/07/la-semaine-derniere-mes-yeux_01602077096.html?m=1).

Govt recently implemented wage hike for public officials. The decision will cost the govt Tk 1.05 trillion annually. This is a permanent increase in govt spending. Besides, the decision will also hike the minimum urban wage for the private sector. Together the wage hikes will increase the inflationary pressure.

In addition, govt has to increase its revenue collection, which fails to meet the desired target, to finance the added increase in public spending. Is it realistic to expect that NBR will add $8.53 billion worth of extra revenue to govt coffer in the next couple of years? This indicates that govt will borrow more from domestic and foreign sources.

Moreover, recent fuel price hike may further aggravate the inflationary pressure. Particularly increase in diesel price by Tk 20 will push up the prices everywhere. But good thing is that it will either slash the subsidy on fuel prices or remain it same.

If inflation deteriorates due to wage hike and fuel price hike , then central bank will augment the policy rate. As a consequence, government spending on interest will rise. Instead of tight fiscal discipline, what we are seeing is [rising public spending and govt borrowing]. At the same time interest spending is rising with growing govt borrowing. And future increase in revenue collection will go for meeting such spending.

Foreign investors prefer that budget deficits remain at a low level so that it will not have impact on their return on investment.Many countries legally keep budget deficits low. Indonesia after the 1997 financial disaster passed a law requiring govt keep budget deficits below 3% of GDP. Such fiscal prudence made foreign investors confident in investing in Indonesia, including its foreign bonds.

In our [country], transparency of our institutions and projects is not impressive. Newspapers are replete with reports on how infrastructure projects are marred with corruption, inflated costs and cost overrun. Question remains about return on such spending. Apart from that nitty-gritty of the activities (like earning, spending) [is] not regularly published in annual report. Many institutions do not publish regularly annual report or audit report. For instance, few years ago an NBR investigation revealed that BPC made huge profits by depositing money meant to pay as VAT into several bank accounts while leaving NBR in [the] dark. Had there been regular annual reports of BPC ,this thing would never have happened.

Regular reporting of projects,institutions gives investors an idea about the projects, risks and future returns. It also exposes management and return issues. And to make regular reporting credible ,independent and objective auditing is a must.

Issuing of foreign currency bond is being considered. But true foreign investors will observe alignment of fiscal and monetary [policies],reform in the banking sector, transparency in public institutions and projects, regular reporting on performances, independent auditing, distinct role for distinct entities and well defined investment policies from govt while buying those bonds. Without improving governance, without checking the public spending, issuing foreign currency bond will not attract genuine foreign investor and will only increase liability of the govt.

Sunday, September 20, 2026

La Semaine Dernière A Mes Yeux



(19 septembre --- 25 septembre)

Cliquez pour voir/cacher
Ma Semaine Gastronomique
Date Petit déjeuner Déjeuner Dîner Snacks,Sucreries,Boissons et Fritures
19 Paratha,Pomme de terre,Œuf Riz,Pigeon,Piranha,Yard long beans, Soupe aux lentilles «Payesh»,Riz gonflé ---
20 Pain,Pigeon,Œuf Riz, Pigeon,Petit poisson,Feuilles de citrouille, Soupe aux lentilles --- Gâteau à palme dattier
21 Pain,Œuf,Lentilles Riz,Petit poisson,Purée de sec latya «Payesh»,Riz gonflé ---
22 Paratha,Pomme de terre Riz,Pomme de terre,Gombo,Petit poisson,Purée de citrouille, Soupe aux lentilles Riz,Petit poisson,Gombo,Soupe aux lentilles ---
23 Pain,Œuf,Papaye-Citrouille Riz,Petit poisson,Épinard d'eau ,Purée de citrouille, Soupe aux lentilles Pois chiches,Riz gonflé Goyave
24 Pain,Papaye-Citrouille,Œuf Riz, Piranha,Épinard d'eau,Yard long beans, Soupe aux lentilles Pois chiches,Riz gonflé,«Sticky rice»,Mangue,Yaourt Goyave
25 Pain,Œuf,Yard long beans Riz, Piranha,Épinard d'eau,Yard long beans, Soupe aux lentilles Pois chiches,Riz gonflé Goyave,Mqngue

Friday, September 18, 2026

La Semaine Dernière A Mes Yeux



(12 septembre --- 18 septembre)

Cliquez pour voir/cacher
Ma Semaine Gastronomique
Date Petit déjeuner Déjeuner Dîner Snacks,Sucreries,Boissons et Fritures
12 Khichudi,Œuf Khichuri,Gombo,Petit poisso Pain,Banane --
13 Pain,Pomme de terre Riz, Tengra,Gombo,Pomme d'éléphant Riz gonflé, Pois chiches ---
14 Gâteau à palme dattier Riz,Tengra,Gombo --- --
15 Pain,Pomme de terre ,Œuf Riz, Poulet,Gombo,Purée de crevette, Purée de sésame, Soupe aux lentilles Riz gonflé, Pois chiches Goyave
16 Pain,Œuf,Pomme de terre Riz,Pomme de terre,Soupe aux lentilles, Yard long beans,Purée de crevette,Purée de sésame «Payesh»,Riz gonflé Goyave, Gâteau à palme dattier,«Singara»
17 Pain,«Payesh»,Œuf Riz, Feuilles de jute, Piranha,Tige de taro Riz gonflé, Pois chiches Goyave
18 Pain,Œuf Riz,Soupe aux lentilles, Piranha,Tige de taro,Banane Pois chiches,Riz gonflé Goyave

Tuesday, September 15, 2026

Wake Up BCC

Anti competition practices are on the rise,
BCC should wake up and listen to the cries.

Despite having so many imperfections in various markets, few regulatory interventions have been taken by the govt. Consumers are paying a hefty price, emptying their pockets in daily transactions. It is indeed interesting that there are laws and institutions to address market imperfections and erosion in competition. Yet regular functioning of those institutions has not been noticed since the new govt took office.

Bangladesh in 2012 passed Competition Act 2012, which aims "to make provisions to promote,ensure and sustain congenial atmosphere for the competition in the trade, and to prevent, control and eradicate collusion, monopoly, oligopoly, combination or abuse of dominant position or activities adverse to the competition". It also entailed creation of Bangladesh Competition Commission (Source: Bangladesh Competition Commission,Wikipedia).

Lack of competition can be conspicuously traced in the kitchen market. Consumers feel the heat. Take for instance, the pilaf rice market. The price of packed pilaf rice soared. Some shop owners alleged that big brands elevated the price in unison. Govt intervened by curbing the export quota of the pilaf rice so that price at the domestic market stabilized. The measure has yet to bring any fruit. BCC's intervention is required here to investigate whether any unholy collusion is taking place among the pilaf brands. Unfortunately, no such action is visible from this regulatory body , which was in fact a little bit more active during the interim govt.

Dairy market is another area where the market is concentrated into the hands of few brands. In a bit of surprise, one brand raised the price of milk by Tk 10 per litre last month. Other brands followed suit. Had there been too many brands in the dairy market, this price hike would not have happened. BCC may probe the matter and look into how much market share each brand possesses. In case of mobile operators,we notice how significant market share clause was applied to them by BTRC to curb their influence in the market. Such clause may also apply to the dairy market and a level playing field should be created for new entrants. Unless huge capital investment is required in entering a particular industry, a 25% or 30% market share by a company should set off the alarm bell for BCC. Based on the type of the industry, significant market share may be different for different industry. It is up to the BCC to determine the exact level of significant market share for a given industry.

Mobile Financial Service (MFS) is another market which is dominated by only two operators. MFS has been playing a key role in financial inclusion at the grassroot level. However, lack of competition in the sector clips the benefits and possibilities of new opportunities. BCC can initiate a study on what hinders new MFS operators to expand their operation. Based on the findings of that study, BCC can take steps to remove the obstacles. Since MFS spread to remote areas,ensuring fairer competition and welcoming new operators are major tasks that the BCC must take onus.

Another crucial area that created storm in the press is the oil refining business. Bangladesh Petroleum Corporation (BPC) usually imports,refines, stores and markets petroleum products in the country. Recently two conglomerates step in oil refining business. BPC under the instruction of Energy and Mineral Resource Division of the govt drafted a framework titled "Private-Sector Refined Fuel Import,Storage, Transportation, Distribution and Marketing Policy 2026" in haste. In that framework firms are required to have at least 1.5 million tonnes refining capacity and turnover of at least Tk 50 billion in each of the last three years. Critics allege that such requirements in the draft framework are deliberately customized to provide opportunity to only few big companies, shutting the door for smaller firms. This is a serious allegation that the BCC should pay heed and it should probe whether such arrangement allows participation of few. It is evident from this allegation that such arrangement violates "congenial atmosphere for competition" and allows "abuse of dominant position adverse to competition". So far BCC remains dead silent.

Duties laid out for BCC clearly spell that BCC can initiate probe on competition-killing practices and activities on its own without waiting for any formal complaint. However, BCC [has] not played any active role in addressing adverse policy to competition in the incidents mentioned so far.

Eradicating market imperfections is important for two reasons. First, fairer competition addresses supply side constraints,checks unusual price hike and insulates consumers from the inflation. Consumer welfare is best ensured in a competitive market that is justly watched by bodies like BCC.

Second, govt revenue collection target [is] best attained when there is perfect competition. Revenue shortfall is becoming recurrent incident while govt spending is on the rise. Imperfection and collusion in the market contribute to revenue loss. A fairer market may alter the situation by filling the govt coffer to the desired level. A level playing field for all the firms can attain that goal.

We have institutions and budget for them to function. Yet they fail to act when their action is needed most. When various institutions inside the country function to address people's woes, people get some platforms to make their concerns fall to the right ears. People want to see equal opportunities are created for all. This is common in a democratic society. People witness competition-killing incidents on the trot. BCC should wake up and act to make the markets more fairer.

Wednesday, September 9, 2026

Nano Loan For Fighting Inflation

Nano loan is used to pay bills and fees,
Longer duration could make life at ease.

Bangladesh Bank launched an initiative to provide a maximum of Tk 10000 credit to interested [people] in order to pay utility bills, various fees, mobile recharge and to make bank deposit payment. The loan can be disbursed through apps of commercial banks. It can only be used [for] these selected services through mobile phone. No cash withdrawal of the loan is available for the moment. Banks' clients can take loan starting from Tk 50 to a maximum of Tk 10000. There will be 7-day,15-day and 30-day duration loans for now.

This latest initiative highlights the popularity of nano digital loan as well as govt's keen interest to make a cashless society. In recent weeks, govt took various campaigns to make popular the Bangla QR, a unique QR system that renders useless having multiple QRs. The idea is to make more and more people interested in digital payment method while doing the retail transaction. As the society becomes cashless, the digital economy offers more digital documentation and record of daily transaction. It will make future policy decision more realistic and give an idea on true impact of a policy at the ground level.

Central bank's latest utility bill loan has to be seen in this perspective. Digital nano loan is nothing new to Bangladesh. Earlier mobile financial service (MFS) providers had offered such loan with a ceiling of Tk 50000 in association of commercial banks. MFS apps on the mobile phone led the way to popularize the nano loan. Later commercial banks offer the loan through their own apps too. More than 95% of the disbursed loan is recovered while a tiny percent remains defaulted. A leading bank distributed Tk 50 billion among 1.5 million clients through the app.

However, popularity of such nano digital loan also invites fraudulent activities. Bangladesh Bank in one of its circular cautioned people about 31 nano loan apps which do not follow rules and regulations for operating such financial services. Such illegal nano loan apps charge exorbitant rate of interest and impoverished many innocent users who fell victims to their lure.

Now there are individual apps for nano loans offered by commercial banks. The MFS apps remain exception. If there is one dedicated app for digital nano loan where information of all nano loans will be available , then more people will get clear information about it and will have easy access to such loans. Bangladesh Bank can take the initiative.

Such nano loan can be thought of as providing extended credit to inflation-battered consumer. Problem with such loan is its smaller duration. Nano loan as an instrument against inflation requires longer duration. Say an individual can take a nano loan of Tk 10000 in a high inflation year to purchase food items or protein. He must at least have 1 or 2 years to repay the loan. Repayment period of 4 or 5 years will be even better. It will help him to cushion the adverse effects of inflation. It will not create extra burden on private employee with limited income during inflation. People seek such inflation assistance can get such loan against a registered id.

We have seen increasing use of nano loan for various purposes, from paying utility bills to paying children's educational expenses. However, shorter duration of such loan [makes] it an ineffective tool to fight inflation. Bangladesh Bank can alter this situation by making the duration longer for inflation-battered lower income group. This kind of digital nano loan should be viewed as a mean to regaining the lost purchasing power during high inflation.

Sunday, September 6, 2026

La Semaine Dernière A Mes Yeux



(05 septembre --- 11 septembre)

Cliquez pour voir/cacher
Ma Semaine Gastronomique
Date Petit déjeuner Déjeuner Dîner Snacks,Sucreries,Boissons et Fritures
05 Pain,Pomme de terre,Œuf Riz,Petit taro chinois avec sec latya,Aïr poisson Riz,Poulet,Sec latya,Latya,Ruhi,Poulet,Crevettes, Courge amère,Prunier tchuney Gâteau, Laccha semai,Banane,Kalojamun, Sondesh,Yaourt
06 Pain,Pomme de terre, Œuf Riz, Petit taro chinois avec sec latya,Aïr poisson Paratha,Banane,Lait ---
07 Pain,Lentilles avec citrouille Riz,Anguille en zigzag,Soupe aux lentilles,Pomme d'éléphant Riz gonflé,Pois chiches --
08 Pain,Citrouille, Œuf Riz,Taro ,Citrouille,Anguille en zigzag,Soupe aux lentilles Riz gonflé, Pois chiches ---
09 Pain,Pomme de terre,Œuf Riz,Petit poisson,Courge amère avec haricot rouge Pain,Courge amère avec haricot rouge --
10 Pain,Pomme de terre Pilaf,Petit poisson, Épinard Pilaf, Épinard ---
11 Pain,Œuf Riz,Tengra,Aïr,Courge amère Paratha,Banane,Lait --

Friday, September 4, 2026

La Semaine Dernière A Mes Yeux



(29 août --- 04 septembre)

Cliquez pour voir/cacher
Ma Semaine Gastronomique
Date Petit déjeuner Déjeuner Dîner Snacks,Sucreries,Boissons et Fritures
29 Khichuri,Œuf Riz,Petit poisson,Petit taro chinois avec prunier à cochon Riz gonflé,Pois chiches,Tchira Banane, Lait
30 Pain,Pomme de terre Riz,Épinard Malabar ,Petit taro chinois avec prunier à cochon, Soupe aux lentilles Riz gonflé, Banane ---
31 Pain,Pomme de terre Riz,Épinard Malabar,Tengra Paratha, Banane --
01 Pain,Œuf,Banane Khichuri,Tengra Tchira,Banane ---
02 Pain,Banane Riz,Gombo,Tengra,Soupe aux lentilles Pain,Banane --
03 Pain,Œuf,Pomme de terre Riz,Petit poisson,Gombo,Sec latya avec tige d'arum,Soupe aux lentilles Riz gonflé, Pois chiches ---
04 Pain,Banane,Œuf Riz,Purée de Banane verte,Œuf,Soupe aux lentilles Tehari rice --