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

  • Representational image. Photo: Collected
    'Heavy to very heavy' rainfall expected across country as land depression weakens further
  • Aminul Islam Bulbul. Photo: Collected
    Aminul Islam set to take charge as new BCB president
  • Saleh Uddin Ahmed. Sketch: TBS
    Govt working to fulfil 3 responsibilities - election, some reforms, outlining sectoral reform: Salehuddin

MOST VIEWED

  • Photo: Courtesy
    New notes featuring historic, archaeological structures of Bangladesh to be circulated from 1 June
  • Two Memoranda of Understanding were signed at the seminar titled “Bangladesh Seminar on Human Resources,” in Tokyo on 29 May 2025. Photo: CA Press Wing
    Japan to recruit 100,000 Bangladeshi workers over next 5 years
  • BAT Bangladesh has to vacate Mohakhali HQ as SC rejects lease appeal
    BAT Bangladesh has to vacate Mohakhali HQ as SC rejects lease appeal
  • Representational Photo: Collected
    Country's all jewellery shops to remain indefinitely closed in protest of VP Reponul's arrest: Bajus
  • Khondoker Rashed Maqsood. File Photo: Collected
    Investors urge removal of BSEC chairman in meeting with CA’s special assistant, submit list of demands
  • Illustration: TBS
    Bangladesh repays $3.5b foreign debt in 10 months of FY25

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

Babar Ali, Ikramul Hasan Shakil, and Wasfia Nazreen are leading a bold resurgence in Bangladeshi mountaineering, scaling eight-thousanders like Everest, Annapurna I, and K2. Photos: Collected

Back to 8000 metres: How Bangladesh’s mountaineers emerged from a decade-long pause

2h | Panorama
Photos: Courtesy

Behind the looks: Bangladeshi designers shaping celebrity fashion

4h | Mode
Photo collage of the sailors and their catch. Photos: Shahid Sarkar

Between sky and sea: The thrilling life afloat on a fishing ship

8h | 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

1d | The Big Picture

More Videos from TBS

Six MoUs signed during Chief Advisor's visit to Japan

Six MoUs signed during Chief Advisor's visit to Japan

2h | TBS Today
Record migrant deaths in 2024

Record migrant deaths in 2024

21h | Podcast
Govt likely to trim subsidies in new budget

Govt likely to trim subsidies in new budget

5h | TBS Insight
News of The Day, 29 MAY 2025

News of The Day, 29 MAY 2025

23h | TBS News of the day
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