DHAKA, Aug. 28 Kyodo Organized cr...

DHAKA, Aug. 28 Kyodo

Organized crime and unofficial trade, as well as flagging confidence in the political leadership, are dulling the competitive zest of industries in Bangladesh, according to a scan by the Center for Policy Dialogue (CPD) in Dhaka.

About 79% of companies responding to the contemplate said organized crime is imposing significant splendors on their businesses, the CPD said.

Many of them also said that increasing unofficial trade are also hampering them.

The CPD bearinged the competitiveness survey on 71 local companies with more than 100 million taka (about $17 million) in assets.

Bangladesh ranked 71 among 75 countries in the 2001 Global Competitiveness Report on the World Economic Forum.

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