Bangladesh Economy: News & Updates

[Michael Corleone]

Mabrook ya Bangladesh

 

[Nilgiri]

Like a spoiled child India keeps on asking for all the facilities in the world from BD. Now, you are talking about another new toy, a permanent under the ground pipeline through BD. It will only inflame the situation. Note the permission to carry oil and oil products ends in September this year.

We will get SHW to do whatever we want. Its why we put her there in the first place. BD has to keep paying up as part of its tribute and protection money. Stick that in your pipe and smoke it. I am glad it angers you. Watch what happens over the coming years.

And yet the Indians remain ungrateful

BD jamatis, neo-jamatis and rash-ISIS supporters are the hallmark of ingrates in the subcontinent.

Its why their biggest names are slowly getting hanged one by one. Ingrate primes dont get to steal anymore oxygen and living space.

 

[Riyad]

Hmm I would say Bangladesh should leverage its geographic location and open land ports and provide transit at a cost that would be good for both India and Bangladesh.

Bangladesh has given free of cost transit facility to India on 'humanitarian' ground many times before. Its time to give some money for transit like all other countries give to transit country.

 

[Abba_Dabba_Jabba]

And yet the Indians remain ungrateful

What do you want us to do ? Unconditional Apologies for 1971 ? Or for Asia Cup 2016 defeat ?

@Rain Man Sir ji aapke sheekar.

 

[Nilgiri]

@Bilal9

Are you still sure this is some kind of big scam being perpetrated? Something seems off to me about all of this.

@Anubis @Loki @BDforever

What are your comments on it?

 

[Nilgiri]

Great to see 3 neighbours sticking together in developement sector...

What do you mean "sticking together"?

India and BD may have some economic cooperation (and it will increase as BBIN becomes bigger). But Pakistan is pretty much segregated from rest of South Asia economically, because of MFN issue with India.

 

[bluesky]

Every inch will be sold before the building get completed.

Its not only a single building but a bunch of buildings which will be taller than 50 storied.

There is a convention center which will be booked by Government round the year, ready business.

There will be a stadium, and you know how much money that will make after hosting big events like world cup, asia cup, series and BPL.

You are seeing a single tower out of nothing, but in reality its not. Just look at the prospect in 20 years from now Mr. Kali Pradip will be owning the most expensive downtown of a country of 160 million people.

Can you send the PLAN of the group of structures for us to see?

 

[Hasan89]

Good luck on this. Will be wonderful to see.Can't wait for the big cricket stadium Bangladesh cricket team will have there. Purbachal eventually be the Capital, I feel.

 

[bluesky]

You must tell us why you think Rampal will be a curse. Is it because of Anu Mohammed and Gong speaks against it? This group staged movement against the extraction of coal. They just do not want more electricity in BD because of a kind of jealousy towards the poor population who will rise above the present level with the building of many new industries that need electricity to run.

People think power is only to lighten their houses, when in reality it is industries that need it. More industries mean more employment. There are other projects on hand. One is in Matarbari coal-fired plant near Cox's Bazaar to be built by Japanese help. So, another local group will rise at the instigation of those criminal Gong to organize opposition.

 

[Nilgiri]

You must tell us why you think Rampal will be a curse. Is it because of Anu Mohammed and Gong speaks against it? This group staged movement against the extraction of coal. They just do not want more electricity in BD because of a kind of jealousy towards the poor population who will rise above the present level with the building of many new industries that need electricity to run.

People think power is only to lighten their houses, when in reality it is industries that need it. More industries mean more employment. There are other projects on hand. One is in Matarbari coal-fired plant near Cox's Bazaar to be built by Japanese help. So, another local group will rise at the instigation of those criminal Gong to organize opposition.

Is there any paper out there that documents the effects of coal burning particulates on mangroves? What exactly is the mechanism they are concerned about?

 

[Nilgiri]

Im posting here since BD is naturally the largest future economic partner for India in the immediate region:

http://economictimes.indiatimes.com...ess-south-asia-trade/articleshow/54009974.cms

NEW DELHI: A truck is trundling its way to Delhi, making history along the way. In Gadar: Ek Prem Katha (2001), Sunny Deol's character had sung with enthusiasm about driving across the subcontinent through Amritsar, Lahore...

That's a road too far but our real life lorry is still important. It's carrying goods made for global retail chain Marks & Spencer, having left the Bangladeshi capital Dhaka on August 28 and set to reach Delhi on Monday. It will mark the start of an endeavour to create a seamless mega market comprising Bangladesh, Nepal, Bhutan and India (sorry Sunny, no Pakistan).

There is a clear cost and time advantage to through transport.

"We are expecting the freight cost to come down by 20% and transit time by three days due to this," said Nidhi Dua, India country manager for Marks & Spencer. "Earlier the Bangladeshi trucks had to be offloaded at the border and the goods shifted for onward journey into India in Indian trucks."

Apart from the delays, goods would get damaged as they were transferred between trucks besides making them vulnerable to the weather and pilferage. The pilot run of the Bangladeshi truck through customs-free borders is being monitored in real time thanks to an onboard chip. The template may be followed for all forms of such movement.

"This will help in seamless move ment of both goods as well as passenger vehicles across borders within the South Asian region," a senior customs official told ET. As part of the Motor Vehicles Agreement (MVA) signed among the countries cited above in June 2015, trucks can cross borders with just a cargo manifest and a document seeking temporary admission.

An electronic seal is affixed when a vehicle reaches the first land customs station in the destination country. The first truck is part of trials to help draw up protocols to facilitate trade while maintaining effective controls.

"We have been monitoring the truck's movement since it left Benapole, the Bangladesh checkpost near Petrapole," said the official cited above. "Customs duty on the goods would be paid in Delhi before they are released to the company."

The vehicle that's coming to Delhi via Kolkata will file a bill of entry at the Inland Customs Depot in Patparganj in the capital before it is cleared, the official said. The project is in partnership with the Asian Development Bank, which is supporting the project by helping to create better physical infrastructure in the four countries.

It's supporting over 30 priority road projects with a total estimated cost of over $8 billion. The opening up is expected to help boost development of the northeast as the transport corridor runs through that region.

A World Bank study expects South Asian intra-regional trade as a whole to rise 60% thanks to the agreement. Marks & Spencer sees trade between Bangladesh and India growing thanks to the easing of transport rules. "Marks and Spencer brings in about 20 trucks of manufactured goods every month from Bangladesh," Dua said.

==================================

No trolling please.

@PARIKRAMA @anant_s @Bilal9 @Anubis @Loki @BDforever @bongbang @Doyalbaba @Levina et al.\

@ebrahym This is what I was talking about in things India - Pakistan can also look at implementing to improve trade in current political framework.

 

[bluesky]

And next time be careful with your words. Of course you are not the only one who has a colourfull bag of s words.

You are again using words of violence when I expect you to use a few words of knowledge. Do you have any proofs to counter my points I have been posting in this thread? If there is none, better keep quite.

 

[kaykay]

It is a practical approach and once fully functional, will benefit all.

 

[Ryuzaki]

If only Pakistan could see the light,the region could prosper more

after dedicated freight corridor is complete,it could be extended to BD and goods could move from BD to Kolkata and then Delhi/Mumbai very quickly

 

[Sliver]

are you going to link the region to the port in Iran? there by giving access from BD to Central Asia with almost half the distance?