But I am already much better than you.
O really?
You probably think this is clever. Hiding the insult behind a known phrase.
Bangladesh Economy
- Thread starter RΛIDEN
- Start date
But I am already much better than you.
O really?
You probably think this is clever. Hiding the insult behind a known phrase.
UKBengali
Elite Member
Let us be honest if Covid-19/Ukraine war did not happen, Hasina would still be untouchable and would retire in 2029.
Most of the BD population either supported or tolerated her for over a decade as she delivered that all important stability and fast economic growth.
As regards the corruption and looting, yes of course it happened and this is not unusual even for rich "clean" countries but at a lesser level.
Hasina is gone now and won't be coming and so people should stop the "hate" as it does not achieve much and in fact stops the transition to a new democratic path for BD.
Like I have said multiple times here, I am optimistic that BD will be just fine over the medium to long term as the fundamentals are all there - relative stability, great infrastructure that was built up during AL regime and the 2nd most developed garment industry outside China. BD also is doing great as regards electronics(Walton), pharma and IT - yes Joy can take some credit for this but needs to shut up and stop trying to slander BD in US as that is what a traitor does.
Even a slightly messy transition to democracy will still allow relatively fast growth but maybe 1-2% a year slower than the 7-8% that a well run BD is capable of.
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BananaRepublic
Trusted Member
The irony is that only the “students”, IG and the mob here believe she is coming back.
And all this hate, vile, propaganda and denial is to stop her coming back. Waste of energy!
Even the die hard BAL supporters know she is too old to make a comeback.
And Joy enjoys his western comforts too much. He doesn’t want to be BD’s Rahul Gandhi!
Maybe deep down they know they cannot deliver the promises they have made and 24/7 vile is their route to stay on top.
But it ain’t going to work.
How do we know?
Just look at next door!
Modi has perfected the art of scapegoating and vile!
But still lost his majority!
It’s the economy stupid!
UKBengali
Elite Member
I don't think they made any promises to match the sustained 7% GDP growth that AL managed in the 2010s.
They just said they will get rid of thuggery(should not be too difficult as AL was big on this), allow elections(again can be arranged easily in 2026) and deliver reforms in administration and politics - hardest part will be the political system and we shall have to see on this.
BananaRepublic
Trusted Member
None of this creates jobs or manages inflation.
It ain’t gonna be enough bro.
People will tolerate anything for a job that sustains them. Why do we think people travel to the gulf and put up with much worse?
They will fall like a bridge built by an Indian contractor!!!
CallSignMaverick
Registered Member
AL growth myth: Now per capita income may drop by $500
Both GDP size and growth rate were overstated which also inflated per capita income figures
Strider
Elite Member
Reforms to boost investor confidence, attract FDI: Excelerate Energy CEO
www.tbsnews.net
Reforms to boost investor confidence, attract FDI: Excelerate Energy CEO
The CEO of New York Stock Exchange-listed Excelerate Energy, a global leader in the liquefied natural gas (LNG) industry, said he will be discussing Bangladesh with colleagues from other US companies seeking investment opportunities around the globe
Strider
Elite Member
AL growth myth: Now per capita income may drop by $500
Both GDP size and growth rate were overstated which also inflated per capita income figures
Yes. All economic figures published by government agencies like Bangladesh Bureau of Statistics (BBS) were complete bullshit.
I kid not.
Nilgiri
INT'L MOD
previous post when the new economist was assigned by Yunus govt:
This was long convo we used to have on old PDF.
Only with better institutions that give more sound estimates can there be transparent price signalling for the investment BD needs at its base with what it has in more optimal way (compared to protecting some vested interests at highest 1% layers)
BAL used GDP (some kind of double counting, round tripping and other fudging)... to try help external loan intake (see our external debt/GDP is only this much % etc)....as its credit rating was stuck otherwise as again it refused to pursue reforms there (in tax base etc).
Hence, market cap, base consumption and exports did not keep pace with the levels estimated.
I actually remember Ms. Khatun (from that CPD group) in an article from old PDF discussing about these things back then but having to be careful how it stepped on BAL toes.
Hopefully Yunus and team clean house well.... with good price signalling transmission, BD economic future is actually very good.
LeonBlack08
INT'L MOD
previous post when the new economist was assigned by Yunus govt:
This was long convo we used to have on old PDF.
Only with better institutions that give more sound estimates can there be transparent price signalling for the investment BD needs at its base with what it has in more optimal way (compared to protecting some vested interests at highest 1% layers)
BAL used GDP (some kind of double counting, round tripping and other fudging)... to try help external loan intake (see our external debt/GDP is only this much % etc)....as its credit rating was stuck otherwise as again it refused to pursue reforms there (in tax base etc).
Hence, market cap, base consumption and exports did not keep pace with the levels estimated.
I actually remember Ms. Khatun (from that CPD group) in an article from old PDF discussing about these things back then but having to be careful how it stepped on BAL toes.
Hopefully Yunus and team clean house well.... with good price signalling transmission, BD economic future is actually very good.
I will share a picture, which perfectly explains BAL GDP fudging -
On paper they built the culvert and added to "GDP" on paper but did it help develop the community and increase commercial activity? This is just one of hundreds of cases.
Lot of work ahead for the IG and the next elected government to fix and get the economy back on track.
SoulSpokesman
Trusted Member
@Nilgiri
Thambi,
I actually remember Ms. Khatun (from that CPD group)
A small point. I wonder if Ms Khatun is a correct usage. Khatun meaning a lady something like Ms quite literally. Perhaps you should refer to her as Ms. (her first name in the nic).
What do experts like @Afif @LeonBlack08 and @UKBengali say on this?
Regards
Thambi,
I actually remember Ms. Khatun (from that CPD group)
A small point. I wonder if Ms Khatun is a correct usage. Khatun meaning a lady something like Ms quite literally. Perhaps you should refer to her as Ms. (her first name in the nic).
What do experts like @Afif @LeonBlack08 and @UKBengali say on this?
Regards
Chinese Investors show strong interest in Bangladesh's power sector
In a collaborative meeting held at the Bangladesh Investment Development Authority's (BIDA) headquarters, Chinese investors outlined significant plans for joint ventures in Bangladesh's power and green technology sectors.
The meeting, chaired by BIDA's Executive Chairman, Chowdhury Ashiq Mahmud Bin Harun, brought together representatives from Bangladesh's Nams Motors Limited, China's Wellbe Communication Technology Limited, and Beijing Hairun Haoshen Technology Limited to discuss investments in lithium battery and solar panel manufacturing and satellite connectivity.
Wong Tik Benjamin, Chairman of Wellbe Communication Technology Limited and Beijing Hairun Haoshen Technology Limited, highlighted Bangladesh's potential as a reliable market and strategic export hub. He noted that Bangladesh has many battery-powered vehicles but lacks advanced technology. "Considering the rise in electric vehicles, we see a great opportunity to establish a high-quality lithium battery production facility, a solar panel manufacturing plant to address energy needs and a state-of-the-art satellite communication network in Bangladesh," Wong said.
Brigadier General Shafiquzzaman (Retd.), Managing Director of Nams Motors Limited, expressed similar enthusiasm, emphasising that the partnership aims for profitability and contributes to Bangladesh's push for green technology and pollution reduction.
BIDA's Executive Chairman, Chowdhury Ashik Mahmud Bin Harun, expressed gratitude to the Chinese delegation and outlined the benefits of investing in Bangladesh. He emphasised BIDA's support for foreign investors, noting that BIDA has a dedicated country officer system to expedite services for foreign investment processes. "We are committed to providing all necessary support for investors and invite Chinese investors to capitalise on Bangladesh's growing economy," he added.
Senior officials from BIDA, Nams Motors Limited, Wellbe Communication Technology Limited, and Beijing Hairun Haoshen Technology Limited attended the meeting, as well as members of the print and electronic media.
Chinese Investors show strong interest in Bangladesh's power sector
In a collaborative meeting held at the Bangladesh Investment Development Authority's (BIDA) headquarters, Chinese investors outlined significant plans for joint ventures in Bangladesh's power and green technology sectors.
This is good. I expect to see results within a year. Unlike how it i used to be during Facist regime's bureaucracy, things are moving relatively faster.
When Chinese minister said two months ago China was considering doctor Yunus's request to stablish solar panel manufacturing industry in Bangladesh, I was still kind of skeptical and took it as mere diplomatic statement. But now it is starting to get real.
BIDA's current Chairman Ashik Chowdhury is the best person for the job you could ask for. Experience and good will, he comes packing both! He was the associate director of the Real Asset Finance Division of Hongkong and Shanghai Banking Corporation in Singapore before. Apperantly he is working 18 hours per day now. Read more on BIDA's reform initiatives in the next article below.
Graft was biggest hurdle in drawing FDI over last 15yrs
Corruption and policy inconsistencies have posed significant challenges to attracting foreign direct investment (FDI) in Bangladesh over the past 15 years, said Ashik Chowdhury, the first private-sector leader to head the government's key investment promotion agencies.
"Countries such as India and Vietnam have successfully attracted FDI by shifting away from protective policies," the new executive chairman of the Bangladesh Investment Development Authority (BIDA) and Bangladesh Economic Zones Authority (BEZA) said.
In Bangladesh, the gap between policy and execution will be bridged by promoting a results-driven, investor-focused approach," he said in an interview with The Daily Star.
Strengthening the financial sector, especially foreign currency management, alongside reforms in infrastructure and energy, will support business expansion and attract large-scale investments. A clearer path for ownership and profit transfer is also crucial for foreign investors, he added.
Chowdhury said he is adopting a multipronged approach to improve ease of doing business, with digitalisation at the centre. "We are streamlining processes, improving land access and ensuring policy consistency," he said.
One of the key initiatives will be the launch of the D-Nothi (digital file management system) in November to simplify approval processes and improve coordination with other government agencies to deliver a more integrated investor experience, he said. (Note that, this where bribery and deliberate stalling if not bribed was rampant. Digitizing the process would solve a good deal of it along with other reforms.)
BIDA, the government's apex investment promotion agency, has been ramping up efforts to attract FDI through targeted sectoral promotion and direct engagement with industry leaders, according to him.
"We are building a positive narrative by showcasing success stories and competitive advantages. We're using digital engagement platforms to facilitate virtual investment opportunities and organise site visits tailored to investor interests. Our facilitation goal is to build direct connections between high-value businesses and decision-makers.
"We are working closely with international chambers of commerce and industry associations to address concerns and offer customised solutions. We are also enhancing our communication channels to deliver timely and accurate information to investors," he said.
In the coming days, BIDA and BEZA will focus on enhancing capacity and leveraging private-sector expertise, he said. "We want to be the top government agency for investment in the next year by providing a positive experience that inspires people to become ambassadors for Bangladesh."
In order to ensure accountability, BIDA is enhancing its monitoring and evaluation systems and collaborating closely with other government agencies to expedite critical processes such as land acquisition, environmental clearances, and utility connections.
He believes together, these efforts, along with a stable policy framework, will create an environment more conducive to private sector investment, and promote sustainable economic growth.
Chowdhury was an investment banker at HSBC Singapore, specialising in infrastructure and sustainable finance.
He began his banking career at Standard Chartered and headed finance at American Airlines, covering Europe and Asia. He has also advised the Grameen Telecom Trust.
Chowdhury has an MSc in finance from the London Business School. He got his BBA in finance and economics from the Institute of Business Administration at Dhaka University.
A chartered financial analyst, Chowdhury is a certified skydiver and holds the Guinness World Record for the longest freefall with a flag. He is also a private pilot licensed in the UK.
Graft was biggest hurdle in drawing FDI over last 15yrs
Says Ashik Chowdhury, head of government’s key investment promotion agencies BIDA, BEZA
In the grand scheme of things, this is just the beginning. However, witnessing the progress little by little each month since the revolution is personally exciting for me. Specially when you remember how hopeless it was under facist regime for years and years.
@LeonBlack08 @Bengal71 @AbuShalehRumi @Arthur @Alter_Ego @Strider @Oscar @Nilgiri
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SoulSpokesman
Trusted Member
UKBengali
Elite Member
It is fine as BD built multiple billion dollar infrastructure by getting Chinese loans at decent rates of interest.
Where the interest rate was not good, BD simply turned it down.
Nilgiri
INT'L MOD
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