Zulker Naeen

By   Zulker Naeen Bangladesh’s economy is expected to grow at 6.9 in the current fiscal year (FY18) while the inflation will remain within 6%, according to the latest report of the Asian Development Bank (ADB). Bangladesh attained 7.2% GDP growth in the last fiscal year despite ADB’s forecast of 6.9% growth while Bangladesh was able to contain inflation at 5.4% in the last financial year. Perhaps, the booming economy of Bangladesh is now being considered as a key for analyzing its lubricants oil industry, however, it is the most unresearched market in general, even from the global perspective. However, the Bangladesh market observed a few segments like passenger vehicle oil, motorcycle oil, truck and heavy-duty engine oil, and industrial oil, etc. More segments like railway oil, marine oil, and aviation oil are insignificant compared with other lubricant oil segments. However, the barrel oil segment, especially the monograde market still holds the s...

This report published in Towards Biz Bangladesh attained 7.2% GDP growth in the last fiscal year despite ADB’s forecast of 6.9% growth while Bangladesh was able to contain inflation at 5.4% in the last financial year. Perhaps, the booming economy of Bangladesh is considered as a business opportunity for lubricants oil, however, it is the most unresearched market in general. Few statistical data, old news reports and market insights are available, however, those are insignificant in a sense. However, the traditional practice, distribution policy, credit business, liberal toll blending, existing lubricants oil marketer, newly entrant brands, and the lack of awareness of lubricants oil product has already made this market unpredictable. In terms of category,   Bangladesh lubricants oil market , observed as few segments like passenger vehicle oil, motorcycle oil, truck and heavy-duty engine oil, and industrial oil, etc. More segments like railway oil, marine oil, and aviat...

The latest round of UN climate talks has ended up without a clear direction about how climate adaptation measures would be funded in vulnerable countries, such as Bangladesh, putting the discussion on hold until next year’s climate summit. The parties attending the COP23 in Germany expressed the need for another year to finalize the guidelines for implementing the 2015 Paris Agreement by 2020.This followed a rejection by the developed countries of a demand for finance to cover climate change-induced Loss and Damage in vulnerable developing countries. However, the UNFCCC finally integrated ‘ Loss and Damage ’ in its current agenda, considered as a third plank in the worldwide effort to combat climate change, along with mitigation and adaptation.  Therefore, Warsaw International Mechanism for ‘Loss and Damage’ in 2013, got embedded institutionally within the international climate regime - to expand the understanding of climate consequences and to find a...

The UN climate talks, the COP23 concluded in November without deciding how climate adaptation measures will be funded in vulnerable countries such as Bangladesh. The discussion on the matter was put on hold until next year’s climate summit. Also, the parties attending COP 23 expressed the need for another year to finalise the guidelines for implementing the 2015 Paris Agreement by 2020. This followed a rejection by the developed countries of a demand for finance to cover climate change-induced Loss and Damage in vulnerable developing countries. However, the United Nations Framework Convention on Climate Change (UNFCCC) finally integrated 'Loss and Damage' in its current agenda, considered as a third pillar in the worldwide effort to combat climate change, along with mitigation and adaptation. The issue of ‘Loss and Damage’ has emerged because the existing mitigation commitments and actions are inadequate to prevent dangerous climate change-related impacts. Like ot...