Bangladesh Economic & Infrastructure Development - Updates & Discussions

[Sanchez]

yeah
bangladesh should ask for the best terms .

You are a good business man! Nobody from developed countries wanted to build Padma Bridge for that amount of money available.

 

[VikingRaider]

Already the frigate project has not gone to China - looks like it will go to EU now.

Good, I like EU or USA military equipments , and never a fan of Chinese stuffs.
But for combat jets maybe Russia will be better? As EU stuffs are too costly.

 

[Nilgiri]

What happened to you there?

Real old me is known from time to time to slip out from the internet facade asylum. They are a powerful force, but not that powerful.

 

[Nilgiri]

Are you sane? If you are to determine the terms and conditions of borrowing money who would lend you?

Does anyone consider that China should be a charity Institution with her hardly-earned money?

China is just doing what it can with BD (poor) credit rating. Not many people get why China charges a premium over WB base libor rate...they put it down to malice when there are other economic reasons.

 

[UKBengali]

China is just doing what it can with BD (poor) credit rating. Not many people get why China charges a premium over WB base libor rate...they put it down to malice when there are other economic reasons.

Can you do some basic research before posting?
Chinese loans will have 5 year grace period with interest rate of 2% which will be payable over 15 years.
BD is using a mixture of own funds and taking very soft, soft and commercial loans from a mixture of sources.
BD only took Chinese loans after the loans were changed from commercial to soft loans.

 

[nahtanbob]

Are you sane? If you are to determine the terms and conditions of borrowing money who would lend you?

Does anyone consider that China should be a charity Institution with her hardly-earned money?

a loan is a two way contract. the buyer has a say especially with large loans

 

[Destranator]

Real old me is known from time to time to slip out from the internet facade asylum. They are a powerful force, but not that powerful.

Why not just remain the so-called "old you" and help maintain civility and keep discussions productive?
What have petty insults like "3 millioner", "Bongles", "Tamil retard", "slave to the power of 3", etc. flying in both directions achieved so far?

They key is to debunk myths/conceptions with facts.

 

[Nilgiri]

Why not just remain the so-called "old you" and help maintain civility and keep discussions productive?
What have petty insults like "3 millioner", "Bongles", "Tamil retard", "slave to the power of 3", etc. flying in both directions achieved so far?

They key is to debunk myths/conceptions with facts.

I have not much interest on cultivating the landscape of another country/society. The onus for that lies only with those from it....that has always been my belief and always will be till my last breath.

Really in the end, I hope the silver lining is that people learn they must truly take charge of their own destiny rather than renting out blame and becoming dependent on that...and staying as pawns, unknowing and uncaring of the true world beyond their well of safety.

If I must be devil's advocate (however that shapes up in some context), so be it....I can take that burden and still feel I contributed some way. This way I can see who really deep down care about their country...and who are just along for some emotional ride.

I could be all sunshine and roses....but then nothing would change where it counts. Generally people at their core root, only really change when they have opponents and detractors and something to fight against and defeat....rather than transient or even false friends showering them with only accolades, applause and agreement. It is just how we are...I learned to accept that long ago (especially here)...."old me" just does better in real life, face to face...because he is much more perceptive and caring and not so cold and thus has breaking points....I do my best to keep him away from here now actually. It's for his own good you see....

@Joe Shearer

 

[Bilal9]

Guys please try to post on topic....

 

[Bilal9]

Bangladesh going to be major part of global economy: Deloitte
on December 2, 2018

http://businessnews24bd.com/bangladesh-going-to-be-major-part-of-global-economy-deloitte/


businessnews24bd.com

Sustainable growth, young and energetic workforces and infrastructure development are helping Bangladesh to create an strong economic base which will make the country a large part of the global economy within 10 to 20 years, observed Deloitte, a global advisory firm.

In the last decade, the country achieved remarkable successes in all social development parameters, such as gender equality, infant mortality and life expectancy.

Talking to BSS, Board Member of the Deloitte Bangladesh Limited Joydeep Datta Gupta said Bangladesh is doing very well in all socio-economic parameters as the country is experiencing a sustained GDP growth rate of more than 7.5 percent, rising per capita income and improved social indicators.

“Today, a large number of our key global clients are operating their business in Bangladesh. Businesses of the Bangladeshi clients are also growing. Significant investments are taking place from the government agencies as well as the funding agencies in certain areas, including health care, education, infrastructure and financial and social inclusion,” he added.

Although Ready Made Garments (RMG) has become a prominent sector of the country, he said, other sectors are also developing. “I see, development is happing and the time has come for Bangladesh.”

As per the demand of Deloitte’s clients, Gupta said, the advisory firm has opened its office in Bangladesh.

“Our Bangladeshi clients are uplifting and Bangladesh economy is also growing. Many of our clients asked us to open office here as they need high standard services,” he added.

On Saturday, Deloitte formally launched its operations in Bangladesh to help their clients.

Gupta said the firm will provide the private and government organisations with various services, including audit, tax, legal, financial advisory, risk advisory, and consultancy.

He said they will provide services in all kinds of businesses, including pharmaceuticals, leather, power and energy, consumer goods and agro products.

He said Deloitte Bangladesh will have a base of more than 100 professionals and highly respected clients and it hopes to grow the workforce in several fields in the next few years.

Having footprint in over 150 countries across the world, Gupta said, Deloitte provides business consultancy, including acquisition and merger jobs, to the multinational firms.

At the office launching function, Deloitte Bangladesh Managing Partner Nurul Haque said “We are proud to join the Deloitte network, respected for its world-class professional service, innovation and ethics. With our deep industry expertise and commitment to quality, I am confident that Deloitte Bangladesh will deliver value to clients and grow the local talent pool.”

Kiss-@ss schmooze talk. Figures.

Deloitte Touche Tohmatsu is the least impressive in Asia (talent and activity wise) of all the big four consulting firms.

Accenture and E&Y are the better ones.

Still- if they (meaning this Dada) can train local folks and start a business activity supplying local talent overseas (the high class equivalent of reverse outsourcing), I don't see an issue with their becoming local.

 

[Joe Shearer]

I have not much interest on cultivating the landscape of another country/society. The onus for that lies only with those from it....that has always been my belief and always will be till my last breath.

Really in the end, I hope the silver lining is that people learn they must truly take charge of their own destiny rather than renting out blame and becoming dependent on that...and staying as pawns, unknowing and uncaring of the true world beyond their well of safety.

If I must be devil's advocate (however that shapes up in some context), so be it....I can take that burden and still feel I contributed some way. This way I can see who really deep down care about their country...and who are just along for some emotional ride.

I could be all sunshine and roses....but then nothing would change where it counts. Generally people at their core root, only really change when they have opponents and detractors and something to fight against and defeat....rather than transient or even false friends showering them with only accolades, applause and agreement. It is just how we are...I learned to accept that long ago (especially here)...."old me" just does better in real life, face to face...because he is much more perceptive and caring and not so cold and thus has breaking points....I do my best to keep him away from here now actually. It's for his own good you see....

@Joe Shearer

<sigh!>

I was staying away as hard as I could. I will continue to stay away. BP Monday before last was 140 over 100.

 

[Homo Sapiens]

Bangladesh going to be major part of global economy: Deloitte
on December 2, 2018

http://businessnews24bd.com/bangladesh-going-to-be-major-part-of-global-economy-deloitte/


businessnews24bd.com

Sustainable growth, young and energetic workforces and infrastructure development are helping Bangladesh to create an strong economic base which will make the country a large part of the global economy within 10 to 20 years, observed Deloitte, a global advisory firm.

In the last decade, the country achieved remarkable successes in all social development parameters, such as gender equality, infant mortality and life expectancy.

Talking to BSS, Board Member of the Deloitte Bangladesh Limited Joydeep Datta Gupta said Bangladesh is doing very well in all socio-economic parameters as the country is experiencing a sustained GDP growth rate of more than 7.5 percent, rising per capita income and improved social indicators.

“Today, a large number of our key global clients are operating their business in Bangladesh. Businesses of the Bangladeshi clients are also growing. Significant investments are taking place from the government agencies as well as the funding agencies in certain areas, including health care, education, infrastructure and financial and social inclusion,” he added.

Although Ready Made Garments (RMG) has become a prominent sector of the country, he said, other sectors are also developing. “I see, development is happing and the time has come for Bangladesh.”

As per the demand of Deloitte’s clients, Gupta said, the advisory firm has opened its office in Bangladesh.

“Our Bangladeshi clients are uplifting and Bangladesh economy is also growing. Many of our clients asked us to open office here as they need high standard services,” he added.

On Saturday, Deloitte formally launched its operations in Bangladesh to help their clients.

Gupta said the firm will provide the private and government organisations with various services, including audit, tax, legal, financial advisory, risk advisory, and consultancy.

He said they will provide services in all kinds of businesses, including pharmaceuticals, leather, power and energy, consumer goods and agro products.

He said Deloitte Bangladesh will have a base of more than 100 professionals and highly respected clients and it hopes to grow the workforce in several fields in the next few years.

Having footprint in over 150 countries across the world, Gupta said, Deloitte provides business consultancy, including acquisition and merger jobs, to the multinational firms.

At the office launching function, Deloitte Bangladesh Managing Partner Nurul Haque said “We are proud to join the Deloitte network, respected for its world-class professional service, innovation and ethics. With our deep industry expertise and commitment to quality, I am confident that Deloitte Bangladesh will deliver value to clients and grow the local talent pool.”

Currently Bangladesh's GDP share in the world is just 0.34% in nominal terms and 0.56% in purchasing power parity. This share need to increase at least 3 times to be considered a medium important economy in the world. If we can maintain high growth, may be in 20 years time, this is possible.

 

[GeraltofRivia]

China is just doing what it can with BD (poor) credit rating. Not many people get why China charges a premium over WB base libor rate...they put it down to malice when there are other economic reasons.

Um... Ba3, just one notch above “high speculative”. That’s a little concerning...

 

[GeraltofRivia]

Typical meddlesome politics to 'pressure' developing governments.

Bangladesh should consider restricting Moody's hand in their country.

Rating agencies have caused more damage in the developing economies compared to other arms of the Treasury Department of US.

Not sure whether there are any conspiracy against developing countries but one can argue the rating agencies are just doing their job to call out the risk they identified. Developing countries and their banking system tend to have issues due to risk/funding concentration making them more vulnerable to financial shocks, and smaller one are even more so due to size.

 

[Mage]

Bangladesh can become an exporting powerhouse
Tribune Editorial

• Published at 05:30 pm December 3rd, 2018

Photo: BIGSTOCK

It would be wise to ensure that the export basket continues to diversify

Thanks to our impressive economic growth over the last decade, Bangladesh is well on track to becoming a developing country, with greater global opportunities than ever.

As Prime Minister Sheikh Hasina has made clear, this promotion will open up newer avenues in trade and business, and these are chances that our business community must seize with both hands.

One of the major achievements of the current government has been to broaden Bangladesh’s export potential, with the prime minister ensuring that economic ties continue to improve with regional players.

MoUs signed with economic powerhouses such as India and China, in addition to other neighbouring countries like Nepal and Bhutan, have created the environment required to ensure that our export sector continues to flourish.

And while Bangladesh’s exports already contribute enormously toward the economy’s continued development, it would be wise to ensure that the export basket continues to diversify and seek newer markets in the international arena, which are conducive to Bangladeshi goods.

The stage is set, but the government’s role in the future will also be crucial, as our position in the ease of doing business rankings needs urgent attention -- this is achievable through reducing bureaucracy and corruption, which continue to act as barriers to progress.

In the long run, the government and private sector need to work together to ensure that Bangladesh’s potential as an economic powerhouse is taken advantage of.

Bangladesh still has a long way to go, but if we play our cards right, nothing can stop us.

https://www.dhakatribune.com/opinio...bangladesh-can-become-an-exporting-powerhouse