Page 2 - Tk Group News Today

The market for corrugated iron (CI) sheets is expanding in Bangladesh thanks to the availability of more durable and coloured versions of the product, according to industry insiders.

Bangladesh Economic Zones Authority (Beza) Executive Chairman Shaikh Yusuf Harun said on Wednesday that the allocation of lands in special economic zones would be cancelled if entrepreneurs fail to set up factories in time. "At first, we will give them notice. After that, their land allotment will be cancelled.

Chattogram rawhide traders want bank loans on easy terms to recover loses after the area’s 50 percent of tanneries have been closed due to the absence of a competitive market in the port city.

Global commodity prices are falling.

Although soybean oil prices have dropped in the international market, consumers in Bangladesh are yet to reap the benefit of this reduction as domestic prices remain the same.

CHATTOGRAM, Feb 24, 2023 (BSS) - The country would not face any shortage of essential commodities in the coming fasting

LC opening for a number of Ramadan items plunged significantly in December, January

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.

The Bangladesh Bank is yet to take any visible measure in line with a commerce ministry directive aimed at asking banks to earmark a portion of their foreign currency holdings to open letters of credit to import essentials ahead of Ramadan.

Bangladesh has sought quota assurance from India to import a fixed amount of onion, lentil, sugar, garlic and ginger along with 65 lakh tonnes of rice and wheat each year to stabilise the market price of daily commodities in the country. Ministry officials believe India will agree to the proposal and the announcement will be made on Tuesday. The quota issue was discussed