Foundational institutions ‘systematically destroyed’ in 15 years: Adviser Bashir | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Friday
May 30, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
FRIDAY, MAY 30, 2025
Foundational institutions ‘systematically destroyed’ in 15 years: Adviser Bashir

Bangladesh

TBS Report
20 May, 2025, 07:25 pm
Last modified: 20 May, 2025, 10:27 pm

Related News

  • Eid-ul-Adha: Rawhide to get costlier as govt plans to export to China, price announcement tomorrow
  • Bangladesh-India trade to continue in consumers' interest: Commerce adviser
  • Canadian investors can benefit from investing in Mirsarai: Commerce adviser
  • Commerce Adviser SK Bashir given charge of civil aviation and tourism ministry
  • No possibility of deferring increased tariffs, commerce adviser says after meeting US envoy

Foundational institutions ‘systematically destroyed’ in 15 years: Adviser Bashir

TBS Report
20 May, 2025, 07:25 pm
Last modified: 20 May, 2025, 10:27 pm
Commerce Adviser Sk Bashir Uddin speaks at a seminar at a city hotel on 20 May 2025. Photo: PID
Commerce Adviser Sk Bashir Uddin speaks at a seminar at a city hotel on 20 May 2025. Photo: PID

Foundational capabilities of the country's institutions have been systematically destroyed over the past 15 years, both in the public and private sectors, said Commerce Adviser Sk Bashir Uddin today (20 May).

The consequences include failure of institutions like the Bangladesh Competition Commission in ensuring fair competition and the fair practices in business that cost consumers and benefited the cronies of the regime, he said while speaking as chief guest at a seminar titled "Competition Policy in Bangladesh: Prospects, Challenges and the Way Forward."

"Consumers were taxed heavily, the cronies kicking out smaller and fair competitors, without paying applicable taxes," he said, adding that "it almost had collapsed the Bangladesh economy, hindered development of the domestic industries."

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

After that period, the interim government faced immense challenges and following many effective measures now it shows improvement, said the adviser.

He emphasised a fair business environment to protect consumers, businesses by strengthening the Competition Commission to curb inequality.

Economist MA Razzaque, chairman of Research and Policy Integration for Development, in his keynote said the Competition Act 2012 did not ensure independence and accountability, effectiveness of the competition commission.

For instance, the commission has to bow down to government instructions and seek approval for its actions, he said. "The law itself needs changes to reform the structure and enhance the effectiveness of the commission."

A wide range of participants including diplomats, development partners, government officials, businessmen, academicians, and consumer rights groups spoke to outline how a weak competition commission hurt the consumers and fair businesses.

The seminar was jointly organised by the Bangladesh Competition Commission and the United Nations Development Programme.

Commerce Adviser Sheikh Bashir Uddin

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Deep depression over Bay of Bengal on 29 May. Photo: ANI
    Heavy rain, tidal surges trigger flood warnings as deep depression crosses coast
  • Powerful tidal surges from the Meghna River flooded more than 100 villages in four coastal upazilas of Lakshmipur on 29 May 2025. Photo: TBS
    Meghna tidal surge floods over 100 villages as incessant daylong rain batters Lakshmipur
  • Attackers vandalise the windows of the residence of Jatiyo Party (JaPa) Chairman GM Quader and set fire to a motorcycle in Rangpur on 29 May 2025. Photo: TBS
    Jatiyo Party chief GM Quader's Rangpur house attacked; NCP, SAD activists blamed

MOST VIEWED

  • Dhaka areas at a gridlock on Wednesday, 28 May 2025. Photo: Syed Zakir Hossain/TBS
    BNP, Jamaat rallies: Traffic clogs Dhaka roads, including Motijheel, Paltan, Dainik Bangla intersection
  • IFIC Bank receives Tk6,000 cr in new deposits in six months
    IFIC Bank receives Tk6,000 cr in new deposits in six months
  • Mohammad Abdul Mannan, chairman FSIB Ltd. Sketch: TBS
    FSIB to bounce back soon
  • Abdul Awal Mintoo, chairman of National Bank Limited. Sketch: TBS
    'Regulatory support must for National Bank to restore depositors' confidence'
  • Md Nazrul Islam Swapan, chairman of EXIM Bank. Sketch: TBS
    Exim Bank restored depositors’ confidence, overcoming challenges
  • Mohammad Mamdudur Rashid, managing director and CEO, UCB. Sketch: TBS
    Customers’ trust and confidence fueling deposit growth at UCB

Related News

  • Eid-ul-Adha: Rawhide to get costlier as govt plans to export to China, price announcement tomorrow
  • Bangladesh-India trade to continue in consumers' interest: Commerce adviser
  • Canadian investors can benefit from investing in Mirsarai: Commerce adviser
  • Commerce Adviser SK Bashir given charge of civil aviation and tourism ministry
  • No possibility of deferring increased tariffs, commerce adviser says after meeting US envoy

Features

For hundreds of small fishermen living near this delicate area, sustainable fishing is a necessity for their survival. Photo: Syed Zakir Hossain

World Ocean Day: Bangladesh’s ‘Silent Island’ provides a fisheries model for the future

11h | The Big Picture
The university will be OK. But will the US? Photo: Bloomberg

A weaker Harvard is a weaker America

11h | Panorama
The Botanical Garden is a refuge for plant species, both native and exotic. Photo: Mehedi Hasan/TBS

The hidden cost of 'development' in the Botanical Garden

11h | Panorama
Stillbirths in Bangladesh: A preventable public health emergency

Stillbirths in Bangladesh: A preventable public health emergency

11h | Panorama

More Videos from TBS

Record migrant deaths in 2024

Record migrant deaths in 2024

8h | Podcast
News of The Day, 29 MAY 2025

News of The Day, 29 MAY 2025

10h | TBS News of the day
Businesses set for relief as interim govt eyes major tax & fine cuts

Businesses set for relief as interim govt eyes major tax & fine cuts

13h | TBS Insight
Love is essential for human life

Love is essential for human life

12h | TBS Programs
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net