Bangladesh: Chinese Envoy Rapped for Linking Rohingya Crisis to Economic Trade

[UKBengali]

If you want to make a point you need to stop writing that is simply nonsense, you need to take some serious English lessons. Here is a website where you can get much needed help,

https://www.starfall.com/h/

I don't think you need to click on the kindergarten icon , your skills are above that. Just click on the Grade 1,2,3.

Good Luck !

 

[Nilgiri]

Ok, I was wrong on the percentage but it is still half of Pakistan which has worse credit rating than BD.
This proves the BD poster was right when he says that BD can double it's debt if it wanted to.

Pakistan has definitely run itself into a problem, and took the hit on credit rating as result (Each letter matters a big deal).

So no, BD cant just "double its debt" if it "wanted" to. Every govt in the world has more or less has leveraged the most debt it can that is on offer commensurate with its rating.

This is latest data of internet user by country as of March, 2019

Thats according to internal country statistics vulnerable to double/triple counting of same subscriber.

There is reason that ITU and internet live stats always put BD much lower than BTRAC frontier number.....because ITU actually churns the big data on actual usage....rather than claimed "access".

Hence why at:

https://www.worldatlas.com/articles/the-20-countries-with-the-most-internet-users.html

• 
  It says:
  
  This page was last updated on January 15, 2019.
  By Jessica Dillinger
  

and you just fell into the trap as usual.

Please, anyone can check non-BD govt 3rd party analysis stats right here for themselves:

https://www.itu.int/en/ITU-D/Statistics/Pages/stat/default.aspx

It’s not like fluctuation that India has experienced and sometime it has gone negative.

I am sure one day you can put big boy pants on and have industries that are not guaranteed by global LDC 0-tariff feelings...and we can see how you fluctuate....if you even get to such a level away from your low base to begin with.

The blip this early of your market cap from 86 billion back to 77 billion (when it should have reached 200 billion easily by now if just a modicum of reforms were done by BAL given its been 10 years in power) is not promising at all.

Neither the decrease in exports to US after they started withdrawing some GSP norms.

Utter reliance and all in for just one kind of freebie system. How apt for a non-capable people.

Please work on getting your patent filing output in US and Europe to at least double digits....to at least start to help with transition into ICT and pharma and all the other BAL-STRONK promise stuff.....given walton has no follow up orders that matter on anything (1 billion target got postponed 10 years...how unexpected!)

 

[UKBengali]

Pakistan has definitely run itself into a problem, and took the hit on credit rating as result (Each letter matters a big deal).

So no, BD cant just "double its debt" if it "wanted" to. Every govt in the world has more or less has leveraged the most debt it can that is on offer commensurate with its rating.

Of course it would not be prudent to go from 18 to 36% of external debt to gdp ratio as BD would then need to sacrifice social and infrastructure spending to make room for debt repayments. BD is likely to stay in the 20-25% of external debt to gdp ratio which is a very sensible range.

As for whether BD has leveraged more or less the debt that is on offer, hardly. It looks like more 10s of billions of US dollars of Chinese loans will be refused now and so BD is thinking carefully not just how much debt it takes on but from where it takes it from.

Neither the decrease in exports to US after they started withdrawing some GSP norms.

Not really, BD exports to the US have pretty much stagnated since 2013 when the GSP was withdrawn and BD was subject to the normal tariffs on apparels but maybe this is not as simple as it looks:


https://tradingeconomics.com/united-states/imports

Hardly any growth in overall US imports from 2012-2017.

Even though BD has met US compliance demands they are still not reinstating GSP. Not that BD cares that much anyway now as Germany has reached US for export market size and BD is making new billion US dollar export markets like India.

What is good to see is that with no special favours anymore, BD still sells 6 billion dollars worth of goods to the US every year.

 

[bluesky]

Pakistan has definitely run itself into a problem, and took the hit on credit rating as result (Each letter matters a big deal).

So no, BD cant just "double its debt" if it "wanted" to. Every govt in the world has more or less has leveraged the most debt it can that is on offer commensurate with its rating.

"Standard & Poor's credit rating for Bangladesh stands at BB- with stable outlook. Moody's credit rating for Bangladesh was last set at Ba3 with stable outlook".

My question is BD credit rating good or that bad?

 

[Nilgiri]

Of course it would not be prudent to go from 18 to 36% of external debt to gdp ratio as BD would then need to sacrifice social and infrastructure spending to make room for debt repayments. BD is likely to stay in the 20-25% of external debt to gdp ratio which is a very sensible range.

As for whether BD has leveraged more or less the debt that is on offer, hardly. It looks like more 10s of billions of US dollars of Chinese loans will be refused now and so BD is thinking carefully not just how much debt it takes on but from where it takes it from.

Yes I would agree staying around 20% is best...and improve credit rating first...and then check situation then...and then leverage over time. BAL does fine in keeping at this level it has now and being conservative on it rather than be pressured to test waters too much.

I think BD will be getting credit rating bump once forex rises again and deficits are kept at same level for few more years as creditors will have more to judge by. Also BD over time will get better credit rating as it itself invests outside borders more (and it brings its whole deal to the outside world more rather than only reliant on trickle coming to it...which helps get everything going more)...but that is why it needs pro-business reforms and better competition atmosphere.

BD benefits by having small military budget pressure, few internal negative issues and good regional stability overall.....but it must also do lot of economic reform now and not just operate status quo.

GFCF is looking good and improving but we need to see trend for next 10 years on it. Mid to High GFCF level of 50 years is where China got to where it is now....India got mid - high levels for 10 - 20 years, took a few blips too and now its on upswing again as credit flow improves....but BD has just started charting the journey so there is much to prove as it gets to new territory....but definitely its been doing quite well. Pakistan is really the one in trouble here if it doesnt get act together on it in its current window of Imran Khan years.

"Standard & Poor's credit rating for Bangladesh stands at BB- with stable outlook. Moody's credit rating for Bangladesh was last set at Ba3 with stable outlook".

My question is BD credit rating good or that bad?

Its ok, but its not investment grade (which starts at triple B and Baa3 I believe).

BD has to reform, diversify, invest outside (into other capital markets) and start to really prove its economic power projection....because all of this creates more data and experience for creditors and agencies to use in their analysis.

 

[Bengal71]

I already told you to research before posting and you did not listen

BD has ALWAYS paid back it's debts and has an extremely well run economy right now.

Economy(GDP) is growing very fast, tax receipts are growing with economic growth, low amount of money being spent on both defence and interest payments in debt. Do you seriously think that anyone would not lend BD money if it wanted it? Yes it will pay a little more interest than Indonesia but it will have little trouble accessing the funds.

And btw, China is kind of like being told where to go as regards more 10s of billions of US dollars in loans. BD has options now.

Now, please try to understand what I have written and research some more about how commercial international lending works before embarrassing yourself once more.

I don't know much about economics or finances but all the posts I have read of this lady sounded hostile and rude. I don't know why someone from Indonesia will have a problem with BD.

 

[mb444]

"Standard & Poor's credit rating for Bangladesh stands at BB- with stable outlook. Moody's credit rating for Bangladesh was last set at Ba3 with stable outlook".

My question is BD credit rating good or that bad?

Many factors effect credit rating. BD credit rating is ok given where BD is economically.

It would not be considered investment grade in its current state.

BD borrowing in the international market would not be able to source cheap loans in its current state.

Credit rating will improve significantly once BD sovereign fund is launched. BD stock market also needs to significanly improve market capitalisation and its banking sector needs to resolve the massive issue it faces with regards to non performing loans. Structurally BD finance sector remains weak and lacks institutional investors in that there are hardly any private sector pension funds, cooperatives or mutual funds or any index linked saving vehicles.

Additionally BD blocks foreign investors, which is a good thing. Until there are proper rules and more importantly application and adherence to these rules stock market should not be opened up as it would be exposed to even more manipulation. Conversely however this is also hindering capital injection and not allowing the stock markets to grow.

BD only got a sovereign rating very recently and have seen its credit rating improve since then.

I would speculate that BD is still a decade away from being considered investment grade. GOB in all honesty do not seem to care that much regarding this. The loans BD gets are from global institutions like ADB. Private sector in BD can not borrow from overseas however given the amount of black money in the country the GOB stance is probably a good one.

In simple terms to your question....BD current credit rating is not good.

 

[Neptune_]

The same person who said Bd can easily borrow money twice the number of their current debts just according his feelings Bd current debts is low compared to the GDP without looking at their almost junk credit rating will caused their government must looking through bilateral channel and goodwill from creditor countries to do borrowing process or must looking at financial markets with almost chocking interest rates to do their junk rating. This way only left ODA scheme from Japan and Chinese finance aid/lending scheme available from them as even ADB, world bank and other such international financial lender would no bother to do business with them as being shown during debacle at Padma bridge financing problems.

Do u even know the purpose of credit ratings? U r talking as if countries like Indonesia, India have an AAA credit ratings while BD has DDD-...... LOL.

HOW much difference is there between a credit rating of BBB- and BB- with a Stable outlook? What would be the difference between the interest rate and credit limit if countries with these two respective ratings take loans from the same source?

Hence, I suggest u to do ur research properly before spouting utter rubbish and calling the credit rating of BD a complete junk.

As a matter of fact with a credit ratings of BB- in S&P global rating BD is considered to be in a pretty good POSITION. THEN add the fact that BD has one of the lowest debt to gdp ratio in Asia.

If we consider the credit rating of BD, its total debt to gdp ratio and overall growth rate it will get quite evident that BD can easily increase the amount of its total debt to support its ongoing infrastructure development projects and take its total debt to gdp ratio as high as 50% or even more which at present is merely 30%.

 

[Nilgiri]

Not really, BD exports to the US have pretty much stagnated since 2013 when the GSP was withdrawn and BD was subject to the normal tariffs on apparels but maybe this is not as simple as it looks:

Just saying according to comtrade, its declined last few years (when it should be rock steady expanding if BD truly competitive on its own vis-a-vis other suppliers given the size of US market)

BD exports to US were:

2015: 6.2 billion
2016: 6.1 billion
2017: 5.9 billion

If every other major buyer did the same as the US on this, what you think happens? This is over-reliance on something for sure.

Total imports of US being stead does not factor that much since BD is supposed to be grabbing share of RMG from others (even in level playing field) much more rapidly.

For instance US imports steady amount of 40 billion USD from china in just RMG yearly from 2014 - 2017.

Steady 12 billion yearly in same time period for Vietnam for RMG.

Steady 7 billion yearly in RMG from India in same time period.

If BD is truly competitive wouldn't it be eating into those rather than waiting on US total volume growth?

I mean US imported RMG of 110 billion steadily each year in time period in question.

As far as germany goes, BD exported 5 billion to it in 2014, and about 6 billion in 2017.

Again, given this is 0 tariff kind of access (make as much you can, we'll buy it essentially)...that shows lack of real competitive edge (for expansion into say more RMG levels) given exporters of RMG are again holding onto their shares to Germany more or less and german import volume of the stuff stays firm at around 52 billion or so.

This is simply not fast enough for what BD wants to grow at mid and long term. Fact it took China the years it did to ramp from 30 to 40 to 50 billion dollars of RMG export (in much less crowded field back then and much more economy of scale present intrinsically) means BD simply cannot rely on this model (if it truly wants to compound growth like projected) for the 2020- 2030 decade to set up for the decade after it...it will and is hitting ceiling envelope (of various inertia/supplier crowding) hard and fast.

 

[mb444]

Do u even know the purpose of credit ratings? U r talking as if countries like Indonesia, India have an AAA credit ratings while BD has DDD-...... LOL.

HOW much difference is there between a credit rating of BBB- and BB- with a Stable outlook? What would be the difference between the interest rate and credit limit if countries with these two respective ratings take loans from the same source?

Hence, I suggest u to do ur research properly before spouting utter rubbish and calling the credit rating of BD a complete junk.

As a matter of fact with a credit ratings of BB- in S&P global rating BD is considered to be in a pretty good POSITION. THEN add the fact that BD has one of the lowest debt to gdp ratio in Asia.

If we consider the credit rating of BD, its total debt to gdp ratio and overall growth rate it will get quite evident that BD can easily increase the amount of its total debt to support its ongoing infrastructure development projects and take its total debt to gdp ratio as high as 50% or even more which at present is merely 30%.

BD credit rating most certaintly is not junk. It is just one step away from being considered investment grade. It is currently invrstment grade but speculative.

In terms of numbers the cumulative of all credit rating is converted to numbers with 100 being the highest possible value.

100 would be countries like Australia and Switzerland.....US 98, UK 92

Regionally.... china scores 80, thailand is 63, india and Indonesia's scores 56, vietnam and turkey 43.

BD scores 40.

For comparitive table see here https://tradingeconomics.com/bangladesh/rating

 

[Nilgiri]

BD can easily increase the amount of its total debt to support its ongoing infrastructure development projects and take its total debt to gdp ratio as high as 50% or even more which at present is merely 30%.

Again with the stupid numbers and fancy claims. No substance, no understanding.

It has literally just been shown that foreign debt ratio is around 20% mark (since this is where BD is making its delta changes noticeably regarding debt).

Where are you getting this 30% number from? I am assuming you are adding internal govt debt (in taka) to it? You understand why thats stupid given BD govt is over-leveraged there already....and exacerbated more by total listed market cap of private companies declining?

"Can be increased as high as 50%".... show me the evidence of countries with same credit rating doing so in relevant time period...that too with a declining market cap on top (so have to go foreign route)....without taking a credit rating hit.

And how you even determined this 50% number? Why not 40% or 60%? or 80% or 100%?

It is just one step away from being considered investment grade.

It is currently invrstment grade but speculative.

"One step away from".......but "currently" is.

Make up your mind twit.

One step can be a big step if you yourself are tinier than the step.

Can look at BD credit rating history if you so desire if you dont believe (but likely you wont because you dont understand a single thing about how this works). Its stuck at BB a long while (even with so called RMG export "miracle" of 2 decades now) for a reason.

I mean easier than credit rating improvement is getting into MSCI EM index. BD not even being considered for it...so forget it being "Easy" "one-step" to get a credit rating upgrade. You can use word "speculative" as euphemism for "junk" all you want to help with your feelings. Facts don't care about feelings.

Go cry and bitch to moodys and the rest that lower than investment grade should not be called "junk"....but "speculative" waaaaah.

BD scores 40.

For comparitive table see here https://tradingeconomics.com/bangladesh/rating

The point is how long BD has been stuck at "40":

https://countryeconomy.com/ratings/bangladesh

Did your feelings get upset more seeing that? Its just like where BD is stuck in corruption. Feel free to whinge that CPI score of BD at 26 is really not that far and different to countries that score in the 30s, 40s and 50s blah blah:

https://www.transparency.org/cpi2018

In fact the two are pretty inter related.

I don't know much about economics or finances but all the posts I have read of this lady sounded hostile and rude. I don't know why someone from Indonesia will have a problem with BD.

Its funny, coz she was one of the first to defend BD (that was not a bangladeshi) when I questioned some of BD social development claims.

Guess what happened in the interim? Lot of rude bragmouth BD posters....they are good at turning everyone against them (no matter how friendly they once were to BD)...just need application of time.

 

[Nike]

If you want to make a point you need to stop writing that is simply nonsense, you need to take some serious English lessons. Here is a website where you can get much needed help,

https://www.starfall.com/h/

I don't think you need to click on the kindergarten icon , your skills are above that. Just click on the Grade 1,2,3.

Good Luck !

You run away from reality and instead insulting person as personal, such a jerk

You know where's Bd position right now? At the bottom of chain food in international society with capital liveable index at par with wartorn cities like Kabul , Damascus or Baghdad

Again with the stupid numbers and fancy claims. No substance, no understanding.

It has literally just been shown that foreign debt ratio is around 20% mark (since this is where BD is making its delta changes noticeably regarding debt).

Where are you getting this 30% number from? I am assuming you are adding internal govt debt (in taka) to it? You understand why thats stupid given BD govt is over-leveraged there already....and exacerbated more by total listed market cap of private companies declining?

"Can be increased as high as 50%".... show me the evidence of countries with same credit rating doing so in relevant time period...that too with a declining market cap on top (so have to go foreign route)....without taking a credit rating hit.

And how you even determined this 50% number? Why not 40% or 60%? or 80% or 100%?





"One step away from".......but "currently" is.

Make up your mind twit.

One step can be a big step if you yourself are tinier than the step.

Can look at BD credit rating history if you so desire if you dont believe (but likely you wont because you dont understand a single thing about how this works). Its stuck at BB a long while (even with so called RMG export "miracle" of 2 decades now) for a reason.

I mean easier than credit rating improvement is getting into MSCI EM index. BD not even being considered for it...so forget it being "Easy" "one-step" to get a credit rating upgrade. You can use word "speculative" as euphemism for "junk" all you want to help with your feelings. Facts don't care about feelings.

Go cry and bitch to moodys and the rest that lower than investment grade should not be called "junk"....but "speculative" waaaaah.



The point is how long BD has been stuck at "40":

https://countryeconomy.com/ratings/bangladesh

Did your feelings get upset more seeing that? Its just like where BD is stuck in corruption. Feel free to whinge that CPI score of BD at 26 is really not that far and different to countries that score in the 30s, 40s and 50s blah blah:

https://www.transparency.org/cpi2018

In fact the two are pretty inter related.



Its funny, coz she was one of the first to defend BD (that was not a bangladeshi) when I questioned some of BD social development claims.

Guess what happened in the interim? Lot of rude bragmouth BD posters....they are good at turning everyone against them (no matter how friendly they once were to BD)...just need application of time.

Such country with 160 millions homogenous people with no achievement at all, either in economics, industry, sports, science, military , or even cleanliness of their cities left to be desired. Even dare to mocking China and India in many aspects

 

[Abu Shaleh Rumi]

I think they may not have time. If they want to do it. They should close the entire BD sub-forum. There are BD trolls everywhere. They attack every foreigner!

Lets see what management thinks about YOUR thought...

 

[fallstuff]

You run away from reality and instead insulting person as personal, such a jerk

You know where's Bd position right now? At the bottom of chain food in international society with capital liveable index at par with wartorn cities like Kabul , Damascus or Baghdad



Such country with 160 millions homogenous people with no achievement at all, either in economics, industry, sports, science, military , or even cleanliness of their cities left to be desired. Even dare to mocking China and India in many aspects

Aww , I hurt your feelings , you need a shoulder to cry on, do that , just avoid the Indian thanking you. You know what the Indians are known for !
Oh, one more thing , Apparently he got the boot up in his "where the sun does not shine" many times, but yet he keeps coming back for more. Me thinks he likes the boot up in.............
You get the drift , right ?

 

[bluesky]

Only 13 pc of Bangladeshis use Internet, says survey report

You may be wrong with this information. Read what wiki says, "As of December 2017, internet subscribers have reached 80.483 million users[1]". So, it is more than 50% of the total population and more than 80% of the adult population who use the internet on mobile phones.

However, the internet uses on the computer may be much lower because not many people have personal computers and so are without access to it. Offices use the internet on the computer.