Bangladesh

Cut out the sugar

Jul 20, 2017
Our state-owned sugar mills have been producing sugar at a production cost of many times the market price
 
What a terrible waste of money.
 
Losses incurred by state-owned sugar mills now stand in the thousands of crores, and there are no signs that the sector will be able to get its act together any time soon.
 
Our state-owned sugar mills have been producing sugar at a production cost of many times the market price, propped up by subsidies. Furthermore, they fail to meet demand, forcing the government to rely on the private sector.
 
The public should not have to bear the burden of keeping these wasteful sugar mills operational. It is time to shut them down, and let the private sector take care of the market demand.
 
Dhaka Tribune, July 20, 2017

Leave a Reply

Your email address will not be published. Required fields are marked *

After Maldives, Poland seeks to send a climate-change message

As if to broadcast  the ‘reality-show’ and to make green movement extremely anxious, many of the events in the margins of COP24 are financed by the coal-mining companies.  

Read more...

Indian government appoints new Chief Economic Advisor

The Indian government has appointed Krishnamurthy Subramanian as its new Chief Economic Advisor (CEA) in place of Arvind Subramanian, who left the post in July this year.

Read more...
Tweets about SAMonitor
SAM Facebook
SiteLock