Bangladesh Economy

[Afif]

BB to design new law for bank mergers, acquisitions

The Bangladesh Bank is working to formulate a “Bank Resolution Act” for mergers, acquisitions, liquidation or recapitalisation of banks.

www.thedailystar.net

 

[Strider]

Businesses should be allowed to operate in peace.

Businesses should be allowed to operate in peace

The business community had to toe the government line during the Awami League rule of the past 15 years, Mohammed Amirul Haque, managing director of Premier Cement Mills, told The Daily Star in an interview recently.

www.thedailystar.net

 

[Guru Dutt]

My whole fmily is in Auto spares and Industrial and power cabels and me myself for past 18 years into readymade garmets and have been to both Pakistan for spare parts trade and also to Bangladesh for spare parts and later power cables and lately for Ready made garmets a few years back ... but hyper agressive and HINDU HATING benagli muslims who proudli boasetd to me once that his son a doctor by profession never treats a "maloun/kafir" even when i was a hindu he knew and i ended my trade ties with him

i guess its time whole Indian garment manufacturer industry also was quite warry of there idiotic antics and has just carrying on deu to so called "prfit margins" but deu to losses genrated for lst five months more than 90% of all major and secondarry garment manufacturers have permanently shifted back there bases inside India and indian job markets are booming again and they have recovered there losses in this festive season and by end of nov-dec most will break even and come in will come in profit again


we should not deal with these crazy hyper mullahs of bangladesh they are more venmous against Hindus than even punjabi or urdu seaing muslims

 

[Afif]

My whole fmily is in Auto spares and Industrial and power cabels and me myself for past 18 years into readymade garmets and have been to both Pakistan for spare parts trade and also to Bangladesh for spare parts and later power cables and lately for Ready made garmets a few years back ...

I think it is more like this

Beauty and danger of the internet.
Sitting on his box selling pakoras at Mumbai station - managing to get access to the internet - pretending to be an internet global travelling warrior.

 

[Guru Dutt]

I think it is more like this

well keepbeliving in what you want dose nothing to me but whats coming for your nation in very near future i guess you should be worried ... so lagge raho

 

[Nilgiri]

The full report comprising around 250 pages will be released at a press conference tomorrow.

Up to $24b of project investment in 15yrs lost to graft, inflated budgets: White Paper

The information comes a day before the committee submits its report to the chief adviser of the interim government, Prof Muhammad Yunus, tomorrow

www.tbsnews.net

 

[LeonBlack08]

Up to $24b of project investment in 15yrs lost to graft, inflated budgets: White Paper

The information comes a day before the committee submits its report to the chief adviser of the interim government, Prof Muhammad Yunus, tomorrow

www.tbsnews.net

"Transparency International Bangladesh (TIB) recently claimed that between $12 billion and $15 billion has been siphoned out of the country annually over the past 15 years.

Their findings align closely with estimates from the White Paper Committee, which suggests that an average of $14 billion per year were laundered abroad during Sheikh Hasina's administration."


That amounts to over 150 billion dollars lost in Hasina era due to money laundering. Just trying to imagine what we could have achieved if most of that money stayed in the economy.

 

[Fallstuff]

White paper on economy: $16bn siphoned off annually during AL rule​

https://www.dhakatribune.com/bangladesh/366789/economic-white-paper-16b-siphoned-off-annually

 

[Fallstuff]

They are not putting it all on AL. Some of the stuff like over invoicing and asking buyers to send full or partial payment to a different foreign bank account have been going on for a while.

S Alam stole all the money from Islami Bank and this bank always received the most foreign remittances. He created fake foreign import invoices to send the the money abroad. So he didn’t have to work hard to even steal the money!!

One of the theory of stealing money from infrastructure project is that, for example Summit group the local partner ( with an overseas company)of the foreign contractor inflated project cost but 30-40% and then somehow got paid from the main contractor.

 

[CallSignMaverick]

GDP growth overstated since 1995

Bangladesh’s economic growth has been overstated since 1995 and the practice of making inflated estimates rose after the fiscal year 2012-13, according to the findings of the white paper panel..It said Bangladesh was seen as one of the fastest-growing economies but its growth became a “par

www.thedailystar.net

 

[Afif]

Remittance again crosses $2b mark in Nov

Despite the year-on-year increase, remittance inflows in November were 8.16% lower than the previous month, October.

www.tbsnews.net

@LeonBlack08 @AbuShalehRumi @Bengal71

 

[Fallstuff]

Monthly data of wage earners remittance

Bangladesh Bank

Central Bank of Bangladesh

www.bb.org.bd

 

[Afif]

Remittance again crosses $2b mark in Nov

Despite the year-on-year increase, remittance inflows in November were 8.16% lower than the previous month, October.

www.tbsnews.net

@LeonBlack08 @AbuShalehRumi @Bengal71

Ah, I realized this is BD economy thread.
@LeonBlack08 Could you move it there?

 

[AbuShalehRumi]

Remittance again crosses $2b mark in Nov

Despite the year-on-year increase, remittance inflows in November were 8.16% lower than the previous month, October.

www.tbsnews.net

@LeonBlack08 @AbuShalehRumi @Bengal71

Remittance is the lifesaver for us. Our government should invest more on Polytechnic Institutes instead of non STEM universities. We need skilled workforce...

 

[Alter_Ego]

Remittance is the lifesaver for us. Our government should invest more on Polytechnic Institutes instead of non STEM universities. We need skilled workforce...

It is
But i think its a pity young jobless bangladeshis have to go to Gulf for a job that fosent pay too well. When BD could have had manufacturing and service sector to provide those jobs.

Too many incompentent politcians and administration personell. But hopefully this is avout to change.