Tag Archives: hike

Gas price hike has to be accepted for development: PM


MNA National Desk: People will have to accept gas price hike for the sake of the country’s economic progress as the government has to import liquefied natural gas (LNG) at a higher cost, said Prime Minister Sheikh Hasina on Monday. “If you truly want economic development, it’ll [gas price hike] have to be accepted,” she said. The Prime Minister said it in reply to a question while briefing journalists at her official residence of Ganobhaban in the afternoon about the outcomes of her just-concluded visit to China, reports UNB. Bangladesh could have achieved 8.1 per cent GDP growth, said Sheikh ...

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Gas price hike comes as big shock


MNA Editorial Desk: The BERC announced the 22.7 percent average hike in gas prices on Thursday. It will be effective in two phases in March and June. The decision of the Bangladesh Energy Regulatory Commission (BERC) to hike gas prices has triggered discomfort among different sections of consumers. A nearly 23% increase in tariff will be made effective in two phases from the first day of the next month, in a situation where gas supplies are also constrained by disruptions at many places. The Consumers Association of Bangladesh (CAB) President Golam Rahman has said the organization is thinking about a ...

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Titas stimulated proposal for 95% gas price hike


MNA Business Desk: Titas Gas Transmission and Distribution Company stimulated a proposal pursuing an average 95% as gas price hike for its users. The company also intended to increase its revenue collection by more than double. Titas Gas have 62% market share with about 1.9 million consumers generally in Dhaka and Mymensingh areas. It moved the proposal to the Bangladesh Energy Regulatory Commission (BERC), which the watchdog disclosed in its website recently. The annual revenue collection of Titas Gas will go up to Tk. 21,379.89 crore from the existing Tk. 10,959.12 crore though the price hike. Though Titas Gas and ...

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Indian court ordered 30% pay hike for garment workers


MNA Business Desk: An Indian court has ordered a pay rise of up to 30% for hundreds of garment workers in the southern state of Tamil Nadu, the first minimum wage hike in more than 12 years. But the lawyers for 500 clothing producers and exporters, who supply many global brands, said the new wages would be ‘practically impossible’ to present given the tough international market environments. Under the governing, workers would see their pay rise from a monthly average of 4,500 rupees to 6,500 rupees ($67 to $97) – which activists say is similar to wages for textile jobs ...

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Government warned traders over hiking commodity prices


MNA Business Desk: The government has warned traders over hiking commodity prices during the month of Ramadan. Commerce Minister said the government strains negotiations with businesses to keep prices under control rather interpose in a market economy. “We don’t want you to incur losses but want to protect consumers’ interest at the same time,” Commerce Minister Tofail Ahmed told businessman on Thursday. Mentioning to the hitting of a huge fine on a sugar trader in Chittagong on Wednesday, Tofail said others trying to excerpt additional profits will face similar penalties. Tofail blamed some businessmen of generating an ‘artificial crisis’ in ...

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