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Virus fears fuel bicycle sales in congested Bangladesh cities

DHAKA commuters hitting the streets again after a months-long lockdown are opting for bikes to maintain social distancing -- and discovering that pedal power is a way to beat the city's notorious traffic.

Bangladesh lifted restrictions on movement at the end of May to revive its stuttering economy, including on the fume-spewing three-wheelers and crowded buses that serve as public transport in the capital.


But the city's snarling gridlock -- in which cars often crawl along at a snail's pace -- has yet to return to pre-pandemic levels.

That's partly because many are staying home over lingering fears they will catch the virus.

But for increasing numbers thronging Dhaka's Bangshal Bike Bazar -- home to some 150 speciality stores -- pedalling to work or school is becoming the new normal.

"Bike sales have grown to a historic high," shop owner Mohammad Ibrahim, who now sells nine bicycles a day instead of three, said.

"Most people now avoid buses, taxis or auto rickshaws... (and) buying bicycles as alternatives."

Salesman Abdus Sobhan said mid-range bicycles selling at 10,000-25,000 taka ($US120-$300) had sold out.

"I think a bicycle would be much safer for my commute," college student and part-time call-centre worker Toufikul Islam said as he bought a new two-wheeler.

Rezoan Mahbub, a senior executive at a paper-importing firm, said the lockdown made him realise the benefits of owning a pushbike.

"Bicycles are more convenient than cars or motorbikes," he said.

Other major cities are experiencing similar spikes in sales, the Bangladesh Bicycle Merchant Assembling and Importers Association said.

"This year... we expect bike sales will double," association spokesman Mohammad Rasel said of the $500 million market, where around 1.5 million pushbikes are sold each year.

Mahbub said he was optimistic that the turn to two-wheelers in Dhaka would see residents breathing cleaner air in the city.

"It is really encouraging how young people are getting used to bicycles instead of cars or motorised vehicles. It is indeed a positive change," he said.

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Lakshmi Mittal

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Lakshmi Mittal quits Britain for Switzerland and Dubai over inheritance tax concerns

Highlights

  • Lakshmi Mittal, worth over £15 bn, has moved his tax residence from UK to Switzerland with plans to spend most time in Dubai.
  • Inheritance tax concerns, not income tax, drove the decision of the "King of Steel" to leave after 30 years in Britain.
  • The departure marks another high-profile exit as chancellor Rachel Reeves prepares major tax rises in the coming Budget.
Lakshmi Mittal, one of Britain's wealthiest men, has ended his three-decade association with the UK, relocating his tax residence to Switzerland and planning to base himself in Dubai. The 74-year-old steel magnate, worth approximately £15.5 bn according to the Asian Rich List 2025, is the latest prominent entrepreneur to leave Britain amid Labour's tax reforms targeting the super-rich.

The Indian-born billionaire built his fortune through ArcelorMittal, the world's second-largest steelmaker, in which he and his family hold nearly 40 per cent ownership. Since arriving in London in 1995, Mittal became a prominent figure in British business, acquiring expensive properties including a £57 m mansion on Kensington Palace Gardens known as the "Taj Mittal."

An adviser familiar with Mittal's family plans told The Sunday Times that, inheritance tax was the decisive factor in the decision. "It wasn't the tax on income or capital gains that was the issue, the issue was inheritance tax."

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