Bangladesh Economy

[BananaRepublic]

https://twitter.com/x/status/1833911646001270965

Given BD is now UNDER US CONTROL - Russia and China will demand prompt payment.

Sri Lanka and Pakistan also faced the same consequences.

All actions have consequences!

 

[LeonBlack08]

Bangladesh settles $1.37b ACU payments for Jul-Aug imports

Before the payment on Monday, the gross foreign exchange reserves, calculated under the IMF’s BPM6 standard, stood at $20.8 billion, but after the settlement, they fell to $19.46 billion

www.tbsnews.net

 

[LeonBlack08]

Chinese Home Joy Socks to invest $50m in Bepza EZ for setting up socks and garments industry​

The company will create employment opportunities for 4,980 Bangladeshi nationals​

Chinese Home Joy Socks to invest $50m in Bepza EZ for setting up socks and garments industry

The company will create employment opportunities for 4,980 Bangladeshi nationals

www.tbsnews.net

 

[FHN]

https://twitter.com/x/status/1832724251431809195

Vietnam & Bangladesh having friendlier policies toward Chinese businesses mean that those countries got the businesses.

 

[BananaRepublic]

https://twitter.com/x/status/1832724251431809195

Vietnam & Bangladesh having friendlier policies toward Chinese businesses mean that those countries got the businesses.

India massively subsidises their uncompetitive garment industry through the freight equalisation charge.

It means the cowbelt doesn’t pay market rate for freight.

But this is not sustainable.

 

[Strider]

Massive 5tcf gas resource found in Bhola, valued at Tk6.5 lakh crore

The joint study began in 2020 and concluded in June 2024. The findings have been submitted to the Ministry of Power, Energy and Mineral Resources, the Bangladesh Oil, Gas and Mineral Corporation (Petrobangla), and Bapex



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Massive 5tcf gas resource found in Bhola, valued at Tk6.5 lakh crore

The joint study began in 2020 and concluded in June 2024. The findings have been submitted to the Ministry of Power, Energy and Mineral Resources, the Bangladesh Oil, Gas and Mineral Corporation (Petrobangla), and Bapex

www.tbsnews.net

 

[Afif]

World Bank commits additional $2 billion in support to Bangladesh

The chief adviser told the World Bank country head that the bank must have flexibility to fund Bangladesh's reforms and help restart a new journey after 15 years of "extreme misgovernance"

www.tbsnews.net

 

[AbuShalehRumi]

Islamic Development Bank to provide Bangladesh with $5bn support over next 3yrs.

 

[AbuShalehRumi]

Germany to provide €1b to support renewable energy in Bangladesh.

 

[AbuShalehRumi]

Forex reserves surpass $24bln.