Bangladesh Economy thread

[Chandragupt Maurya]

BBS claims sharp V-shaped recovery, economists differ

6.94% GDP growth estimated for FY21 finally

www.tbsnews.net

Their growth rate always seems to beat the estimates made by foreign organisations

looking at the night time luminosity image i can say that they are not as poor as pakistan but they are still far behind india

 

[HawkisRight]

Lolololol....Kanglu foreign minister was also in munich and on camera says we Bangladesh are poor, we need money for infrastructure, we will take begging from china Then Jaishankar tells him beware otherwise u might end up as those beggar Lankans...Lol where's our Billu the toilet cleaner..

 

[HawkisRight]

 

[Srinivas_K]

Lolololol....Kanglu foreign minister was also in munich and on camera says we Bangladesh are poor, we need money for infrastructure, we will take begging from china Then Jaishankar tells him beware otherwise u might end up as those beggar Lankans...Lol where's our Billu the toilet cleaner..

Bangladesh are doing far better than many small countries in this region.

 

[ezsasa]

Oh no, BD FM is not in sync with bilal.
=======
Speaking at Munich Security conference, Bangladesh FM AK Abdul Momen highlights how his country is doing well & aspirations are rising. Thanks India, Japan for support but "China comes forward with basket of money & aggressive proposal".

EAM responds & explains while intl relationships are competitive, countries in ‘own interest should be prudent’ & ‘do due diligence’. Adds’,countries are being saddled with large debts,projects unsustainable, airports were airplanes doesn’t come, harbour wr ships doesn’t Come’

 

[ezsasa]

Bangladesh are doing far better than many small countries in this region.

BD FM is saying to U.S, you fund us or we will go and sit in china camp. after the discussion, BD FM went straight to murican lady on the panel.

 

[ezsasa]

They choose what is right for them nothing wrong

There are no coincidences in geo political games.

-we know there is a shortage of USD in BD, since their companies have been instructed to reduce USD holdings and give it back to their reserve bank.
-we know BDT is gaining against turkish lira
-we know BD - Myanmar border tensions are going on since rohingya issue.
-it seems to be a case that BD is purchasing more and more weapons from turkey.
-new capabilities come, dynamics change.

the trajectory from here can go in any direction, after all countries do desperate things during desperate times.

hint is towards myanmar, not India.

 

[gutenmorgen]

Bangladesh seeks $4.5 bln IMF loan as deficit widens, newspaper says

Bangladesh has sought a $4.5 billion loan from the International Monetary Fund, the Daily Star newspaper reported on Tuesday, joining South Asian neighbours Pakistan and Sri Lanka in seeking help to cope with mounting pressure on their economies.

www.reuters.com

IMF says it is ready to support Bangladesh after loan request

The International Monetary Fund (IMF) said on Wednesday it would discuss with Bangladesh its loan request after the country became the third in South Asia to seek such support after Pakistan and Sri Lanka.

www.reuters.com

.

 

[kartus]

Bangladesh Economic Crisis. Asks IMF for Help. Keen to Sign CEPA with India. Should India Sign?

 

[Blademaster]

Hell fuck no. India should do nothing to help Bangaldesh until Bangladesh has rectified the hinduphobia going on in Bangladesh.

 

[Shuturmurg]

They want to join RCEP.

Bangladesh moves to join RCEP

Bangladesh has taken up the initiative to join Regional Comprehensive Economic Partnership (RCEP) to retain duty benefits once it makes the United Nations status graduation from a least developed country to a developing one in 2026.

www.thedailystar.net

 

[Kumata]

Hell fuck no. India should do nothing to help Bangaldesh until Bangladesh has rectified the hinduphobia going on in Bangladesh.

We are ensuring we import more raqibools ...

 

[Abdus Salem killed]

Production of handsets by the local companies dropped 25 per cent in September, according to the Bangladesh Telecommunication Regulatory Commission (BTRC).

In August, the total production of handsets was 2.97 million units, which came down to 2.27 million units in September, as per the BTRC dat

However, the production of feature-phone handsets increased to 73.62 per cent of the total in September from 72.17 per cent in the previous month - at a time when the country is moving to adopt 5G technolog

The total production of handsets almost halved in nine months - from 4.45 million units in January to 2.27 million units in September, according to the BTRC monthly dat

In September, the production of 4G smart-phones in the country was 582,000 units and that of 5G 5,000 units. In August, 8,23,000 units 4G phones and 3,000 units 5G phones were produced locall

On the other hand, the production of 2G or feature phones was 1.64 million units in Septembe

The local manufacturers stopped producing 3G handsets in May. The telecom regulator earlier decided to ban import, assemble and manufacture of 3G-only handsets - to promote widespread adoption of smart-phones to support digital transformation in the countr

According to the Bangladesh Mobile Phone Importers and Manufacturers Association, the mobile handset market in Bangladesh is worth over Tk 100 billion or roughly US$1.2 billio

The annual demand for mobile handsets is more than 35 million, but the use of local handsets is declinin

A top official of a handset manufacturer said the declining trend is a testimony of economic downturn in the countr

But Director of Policy Research Institute of Bangladesh (PRI) Dr Mohammad Abdur Razzaque said the declining trend may not be linked to the economic situation onl

The reason might be that Bangladeshi handsets are not good enough in quality, he adde

As of January 2021, local manufacturers fulfilled almost 80 per cent of the country's mobile phone requirement. The sector generated more than 15,000 job



@gslv mk3
s.d.y.y.g.n.y.r.y.a.y.a.d more than 15,000 jobs.

 

[Abdus Salem killed]

Local handset production drops 25pc in Sept

Production of handsets by the local companies dropped 25 per cent in September, according to the Bangladesh Telecommunication Regulatory Commission (BTRC). In August, the total production of handsets was 2.97 million units, which came down to 2.27 million units in September, as per the BTRC da

www.google.com

@gslv markIII

 

[Cheepek]

Adani has started supplying electricity to BD from his plant at Godda. 800MW now, rest from next year.

गोड्डा के अडाणी पावर प्लांट से रोशन होगा बांग्लादेश, 800 मेगावाट बिजली का उत्पादन शुरू

गोड्डा के अडाणी पावर प्लांट से बांग्लादेश रोशन होगा. शुक्रवार को इस प्लांट से 800 मेगावाट बिजली का उत्पादन हुआ. इस प्लांट से कुल 1600 मेगावाट बिजली का उत्पादन होना है. इस पावार प्लांट से 25 प्रतिशत बिजली राज्य को मिलेगी.

www.prabhatkhabar.com

 

[Azaad]

 

[Love Charger]

Adani has started supplying electricity to BD from his plant at Godda. 800MW now, rest from next year.

गोड्डा के अडाणी पावर प्लांट से रोशन होगा बांग्लादेश, 800 मेगावाट बिजली का उत्पादन शुरू

गोड्डा के अडाणी पावर प्लांट से बांग्लादेश रोशन होगा. शुक्रवार को इस प्लांट से 800 मेगावाट बिजली का उत्पादन हुआ. इस प्लांट से कुल 1600 मेगावाट बिजली का उत्पादन होना है. इस पावार प्लांट से 25 प्रतिशत बिजली राज्य को मिलेगी.

www.prabhatkhabar.com

Ah my home jila , folks have sold their lands to adani for a good price .
One family I know sent his son to study engineering in Delhi and build a new house in town.kek. @FalconSlayers Panditji and @Tactical Doge
This place has large coal production it at lalmatia especially , opencast mining is done amd it sends coal to power plants , closest being ntpc plant in kahalgaon bihar , just across the border .

 

[ezsasa]

is this an indicator of something that is about to happen to their macro economics?

Local handset making plunges

View attachment 216160

The grim scenario of the mobile manufacturing industry in Bangladesh continues to persist as local production plunged by half in the first six months of 2023, primarily due to the expandiqng grey market.

Local manufacturers produced 96 lakh handsets from January to June this year, down 48 per cent from 1.85 crore units in the same period a year earlier, according to the latest data of Bangladesh Telecommunication Regulatory Commission (BTRC).

According to the Mobile Phone Industry Owners' Association of Bangladesh, smartphone sales plunged by 42 per cent to 33 lakh in the first half of the current year compared to the same period of 2022.

Local handset making plunges

The grim scenario of the mobile manufacturing industry in Bangladesh continues to persist as local production plunged by half in the first six months of 2023, primarily due to the expanding grey market.

www.thedailystar.net

 

[ezsasa]

lots of flattery, may be they took some of the literature from NGOs operating in BD.
====
Bangladesh Economy is Getting Rich but It Is at Risk | Bangladesh Economy | Econ



the video is basically saying something like this....

Family Guy - Irish History

 

[Crazywithmath]

lots of flattery, may they took some of the literature from NGOs operating in BD.
====
Bangladesh Economy is Getting Rich but It Is at Risk | Bangladesh Economy | Econ



the video is basically saying something like this....

Family Guy - Irish History

Clickbaiting aside, even the title reads like a fallacy - how can an economy keep growing at such a pace and yet run into trouble at the same time? How does that even make sense? Sri Lanka, Bhutan, Ghana all went running to the IMF - they are not claiming 6% real growth; BD is.

Has there ever been an economy (before BD, ofc) that went to the IMF despite 6-7% real growth? I tried looking up a potential candidate but couldn't find one.