Essentials Prices: Punish the syndicates behind hike

President Abdul Hamid yesterday asked the government to take stern action against dishonest business syndicates who are responsible for the sufferings of common people.

"The government should be strict about bringing those who make syndicates for raising prices to book," he said while addressing the "National Export Trophy-2017-18" virtually joining the event from the Bangabhaban.

"At the same time, you [businesspeople) have to remain vigilant and co-operate with the government so that the reputation of the whole business community is not tarnished for some dishonest people," he added.

The commerce ministry and the Export Promotion Bureau jointly organised the event at the Radisson Blu Water Garden Hotel.

Sharing the examples of some countries across the world, Hamid said the prices of some products go up sharply with the advent of various festivals in Bangladesh, including Ramadan and Eid, while the prices of products usually fall on the occasion of national, religious and social festivals in many countries.

As soon as the festivals begin here, a section of small and big traders wait how to make money capitalising the festivals, he said.

Commerce Minister Tipu Munshi presided over the programme.