Hasina’s government fell on August 5 due to the violent movement of students. Dr. An interim government was formed under the leadership of Muhammad Yunus on August 8. Mid-July to the first two weeks of August were spent in agitation and reorganization. In the changed situation, many big businessmen are also disorganized. At the moment of turning back from the political unrest, a terrible flood struck again. All in all, stability is not coming in the business of the country.
Even before the start of the movement, there was a gas crisis. Factories have returned to production after overcoming these crises. However, several new problems have been added to the previous traditional problems. Still raw material procurement and nationwide product delivery is not completely normal. Sales did not increase much. In the wholesale market, however, sales decreased.
Traders of various sectors supplying products dependent on the domestic market of the country say that even though factory production has started, the arrival of imported raw materials is not yet completely normal. There is a shortage of raw materials. Besides, they are facing major challenges due to declining sales, shortage of dollar, gas and electricity crisis, instability in banking and lack of credit in the current situation.
Businessmen are talking about various problems in the ongoing situation. Some businessmen said that due to the change in the political context, the factories of several industrial groups in the country are now closed. Products of those companies are not being delivered. Which affects the market.
Also, the companies that are continuing their business activities as normal, as the owners of many distributors who supply their products are also political beneficiaries of the previous government, have not been able to return to business yet. As a result, some companies are disrupting the supply of products across the country. Subsidiaries and their distributors are worried. They are also unable to run their business activities normally.
Political reasons did not affect the business of Beximco LPG. We keep the same supply as all the other companies in the market are supplying. Although now the overall business situation in the country is not good. – Beximco LPG Chief Marketing Officer Mehdi Hasan
After Sheikh Hasina left the post of Prime Minister and fled to India, houses and businesses of government ministers, members of parliament and Awami League activists were torched, vandalized and looted across the country. A businessman who is a distributor of LPG gas of several other companies including Beximco in Dhaka told Jago News on the condition of anonymity, “I am worried that there is such a situation in the country that some companies will exist and some will not.” Not daring any big transaction. I am doing what I can to sustain the business. But I am very worried about the future of some companies, with whom I have big investments.
Various equations have started with several companies of Beximco Group owned by Salman F Rahman, the Prime Minister’s adviser on private industry and investment of the ousted Awami League government. Salman F Rahman was recently arrested.
Then spoke with Mehdi Hasan, Chief Marketing Officer of Beximco LPG. He told Jago News about the current situation, “Political reasons have not affected the business of Beximco LPG.” We keep the same supply as all the other companies in the market are supplying. Although now the overall business situation of the country is not good.
He said, “Beximco has also supplied gas on August 5. while other companies did not. As a result, no distributors or traders have any reason to worry about it. In fact, business is at the place of business, politics is at the place of politics.
S Alam Group is a major company in the consumer goods market. The changing political landscape has had a major negative impact on S Alam’s business operations. There is no supply of their products in the market.
In response to the question of what is the condition of the consumer goods market, Moulvibazar Wholesale Edible Oil Traders Association Vice President Md. Ali Bhutto told Jago News, ‘S Alam is not in the market. It’s a supply chain problem now. They had a large share in the wholesale market of several consumer goods including oil and sugar. It has had an impact.’
Status did not come in business
He said, “This may be a problem for a month. But in between other companies will cover with more products. However, S Alam’s business policy was widely criticized during the previous government. As a result, this crisis seems to be a problem, but it is a good thing. Various equations have started with several companies of the Beximco Group owned by Salman F. Rahman, the private industry and investment advisor to the Prime Minister of the ousted Awami League government. Salman F Rahman was recently arrested.
Then spoke with Mehdi Hasan, Chief Marketing Officer of Beximco LPG. He told Jago News about the current situation, “Political reasons have not affected the business of Beximco LPG.” We keep the same supply as all the other companies in the market are supplying. Although now the overall business situation of the country is not good.
He said, “Beximco has also supplied gas on August 5. while other companies did not. As a result, no distributors or traders have any reason to worry about it. In fact, business is at the place of business, politics is at the place of politics.
S Alam Group is a major company in the consumer goods market. The changing political landscape has had a major negative impact on S Alam’s business operations. There is no supply of their products in the market.
In response to the question of what is the condition of the consumer goods market, Moulvibazar Wholesale Edible Oil Traders Association Vice President Md. Ali Bhutto told Jago News, ‘S Alam is not in the market. It’s a supply chain problem now. They had a large share in the wholesale market of several consumer goods including oil and sugar. It has had an impact.’
He said, “This may be a problem for a month. But in between other companies will cover with more products. However, S Alam’s business policy was widely criticized during the previous government. As a result, this crisis seems to be a problem but it is a good thing.
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