16 SoEs to be privatised in six months
Privatisation Commission chairman says
Unb, Dhaka
A total of 16 more state enterprises will be handed over to private sector in the remaining six months of this fiscal year, as the Privatisation Commission does not see any major hindrance in the process. Meanwhile, six industrial units were handed over to private entrepreneurs in the year 2005. The ongoing privatisation process is expected to keep pace next year with the performance in the outgoing year in divesting the state-owned enterprises (SoEs), which was claimed to be "very good". "We've done a good job during the outgoing year and are expecting another good year in 2006," Privatisation Commission Chairman Enam Ahmed Chowdhury told the news agency yesterday. He said an apprehended political unrest ahead of the next general election might affect the process but at a very minimum level as both the ruling BNP and the main opposition Awami League have been "very much willing" in this regard. "We'll carry out our programme as usual... the important thing is that both the opposition Awami League and the ruling party are very much eager about privatisation of the SoEs," he said. The companies listed for privatization for this fiscal year include Particle Board Veneering Plant, Chittagong, Bangladesh Can Company Limited, Chittagong, Standard Asiatic Oil Company Limited, Rupali Bank Limited, Arco Industries Limited, Chittagong, Tiger Wire Products Limited, Farashganj Road, Dhaka, SAF Industries Limited, Noapara, Jessore, and Dhaka Match Factory Limited, Shyampur, Dhaka. A total of 26 state-run industries were sold out to the private entrepreneurs during the past four years in this government's tenure.
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