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Differences between syndicate and cartel

MS Siddiqui

Bangladesh Competition Commission (BCC) has issued a (without date and reference number) public notice uploaded in their website warning against formation 'syndicate' to disrupt supply chain. The Competition Act 2012 prohibits the anti-competition agreement including cartel in section15. The cartel has been defined in the 2(e) of the Competition Act as "cartel" (price fixing, predatory ...

Advance tax and VAT barrier to CMSME development

MS Siddiqui

Development of Cottage, Micro, Small and Medium Enterprises (CMSMEs) is envisaged as a key element in this development strategy in all categories of economies. CMSMEs can be called the heart of the business for their significant role in the supply chain, simultaneously helping in industrialisation. The development of entrepreneurship started with CMSMEs and leading to ...

Our airport ground handling services should be competitive

MS Siddiqui

The Airport Ground Handling Market encompasses services that support aircraft operations at airports, such as passenger handling, baggage handling, ramp services, cargo handling, and aircraft cleaning. This industry requires seamless coordination between airlines, airports, and ground-handling service providers to ensure safe and efficient operations. Airlines and airports are increasingly seeking cost optimization, improved efficiency, and ...

Necessity of commercial court in Bangladesh

MS Siddiqui

Concluding partThe Commercial Court was set up in 1895 following demands from the City of London and the business community for a tribunal or court manned by judges with knowledge and experience of commercial disputes which could determine such disputes expeditiously and economically, thereby avoiding tediously long and expensive trials with verdicts given by judges ...

Necessity of commercial court in Bangladesh

MS Siddiqui

Part 1Business law is a complex area of law. The subject requires in-depth and specialized knowledge as well as practical experiences. In course of transactions, Businesses or companies are involved in a dispute and these are generally known as commercial dispute. These disputes are related to transactions between merchants, bankers, financiers, traders, etc. and also ...

Bangladesh trapped in middle income status

MS Siddiqui

Bangladesh sleepwalked into the middle-income trap according to the white paper on the state of the country's economy prepared by a committee formed by the interim government.In the World Bank's 2024 World Development Report, the middle-income trap was described as a period of slow growth and a decline in productivity gains.It has alsodefined the "middle-income ...

Market or price control not a good option

MS Siddiqui

There is a concern in Bangladesh that prices of essential commodities, mainly food items including rice, wheat, pulses, sugar, edible oils, ginger, garlic, onion and potato etc beyond the reach of consumers.In developing economies, price controls of goods are often imposed to serve social and economic objectives. This may be part of government efforts to ...