Bangladesh businesses hit hard by strike

Bangladesh businesses incurred massive losses following the two-day countrywide transport strike. Shafiul Islam Mohiuddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI): "The most affected sector is the garments one as production in the factories was halted because the workers could not join their workplaces timely."

Apart from that, the transportation of exportable goods from Dhaka to Chattogram port was also affected, as not a single truck was allowed to carry goods over the last two days.

Some 12,000 to 15,000 goods-laden trucks or vans shuttle between Dhaka and Chattogram port every day, according to industry insiders.

Food items and perishable goods like vegetables and even baby food items could not be transported due to the strike. Vegetable growers in Mahasthangarh Bazar in Bogura suffered a sizeable loss in the last two days due to the work stoppage by transport workers, while wholesalers had also stopped procuring any goods from them.

According to thedailystar.net, the prices were three times lower in the Bazar, which is the largest wholesale vegetable-market in northern Bangladesh. Meanwhile, wholesalers are counting their losses from unsold, damaged stock of goods. They have also stopped buying new stock as they cannot supply those to Dhaka.
Source: http://www.freshplaza.com

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