'No more onion import from India'

[VikingRaider]

Then first remove HW ... she is an Indian puppet over ur heads..

Who said that Hasina is Indian puppet? She is not! Other than Pakistanis and few misguided Bangladeshis no one believe in such unrealistic claim. Even Hasina is very popular among non AL folks. Not as popular as Her father Bangabandhu sheikh Mujib though, I admit!

 

[Protest_again]

High per capita means high revenue even at same ratio of revenue to GDP.

Lol.

 

[UKBengali]

Lol.

Tell me why a person can borrow more at lower interest rate when they are earning say 50K a year as opposed to 25K a year despite the fact that after their outgoings they are only left ever with 10% of their salary to save every month whatever salary they are on.
Exactly the same concept applies here to BD.

 

[UKBengali]

@Protest_again :

https://www.thedailystar.net/business/news/sp-rating-remains-same-bangladesh-1751476

"Low economic development, as represented by per capita GDP of around $1,900 for 2019, has been one of Bangladesh’s main rating constraints, it said."

You heard it straight from the ratings agency that gdp per capita is one of the main considerations on working out a country's credit rating.

I would say that give it till 2025 when per capita should be roughly 3,500 US dollars and then BD will be moved up to investment grade such as BBB- that India is currently residing in.

If you look at Indonesia that has low government revenue of just 13% of GDP:

https://en.wikipedia.org/wiki/Economy_of_Indonesia

"Government revenues, including those from state-owned enterprises (BUMN), totalled Rp 1,508 trillion (US$109.28 billion, 13.1% of GDP)" - this is from 2015 but I do not think much has changed since then. @Indos - Please feel free to correct if this is no longer the case?

Indonesia also has debt to gdp ratio of 39% which is more than 10% points more than BD.

The main reason that Indonesia has a credit rating of BBB is that it has per capita income of 4,100 US dollars and hence has high revenues, despite only generating 1% more in revenue as % of gdp compared to BD.

Now stop arguing with me and learn for once dude!

 

[Protest_again]

@Protest_again :

https://www.thedailystar.net/business/news/sp-rating-remains-same-bangladesh-1751476

"Low economic development, as represented by per capita GDP of around $1,900 for 2019, has been one of Bangladesh’s main rating constraints, it said."

You heard it straight from the ratings agency that gdp per capita is one of the main considerations on working out a country's credit rating.

I would say that give it till 2025 when per capita should be roughly 3,500 US dollars and then BD will be moved up to investment grade such as BBB- that India is currently residing in.

If you look at Indonesia that has low government revenue of just 13% of GDP:

https://en.wikipedia.org/wiki/Economy_of_Indonesia

"Government revenues, including those from state-owned enterprises (BUMN), totalled Rp 1,508 trillion (US$109.28 billion, 13.1% of GDP)" - this is from 2015 but I do not think much has changed since then. @Indos - Please feel free to correct if this is no longer the case?

Indonesia also has debt to gdp ratio of 39% which is more than 10% points more than BD.

The main reason that Indonesia has a credit rating of BBB is that it has per capita income of 4,100 US dollars and hence has high revenues, despite only generating 1% more in revenue as % of gdp compared to BD.

Now stop arguing with me and learn for once dude!

Sorry, I don't want to get into this discussion even though you are way wrong. But I'll not be your teacher today. Thanks.

 

[UKBengali]

Sorry, I don't want to get into this discussion even though you are way wrong. But I'll not be your teacher today. Thanks.


Sorry, I don't want to get into this discussion even though you are way wrong. But I'll not be your teacher today. Thanks.

So S&P know less about how they work out their ratings than you?!

Talk about being stubborn beyond belief.

You are really delusional. Lol, IT outsourcing, which company has its base in Bangladesh? Google? Microsoft? Dell? IBM?. All of these companies have their largest workforce in India.

Ship buiding, you must be confusing ship scraping to ship buliding.

Let me know when your consumer electronics export beat our mobile exports.

https://defence.pk/pdf/threads/mobi...w-3x-in-april-november-uae-takes-half.651072/

IT Outsourcing as in domestic BD and Indian companies selling abroad.
BD official figures have passed 1 billion US dollars - I heard that India is at 8 billion dollars with more than 8 times the population and so in per capita BD wins.

Electronics - Come back to me when any Indian company is able to sell their TVs into the German market.

Mobile Exports - Again it is not your exports but foreign companies and so does not count as Indian tech.

Shipbuilding - Damen just happens to choose BD as it's first shipyard in S Asia. Indian companies buy BD ships but we never see the other way round.

 

[Indos]

@Protest_again :


If you look at Indonesia that has low government revenue of just 13% of GDP:

https://en.wikipedia.org/wiki/Economy_of_Indonesia

"Government revenues, including those from state-owned enterprises (BUMN), totalled Rp 1,508 trillion (US$109.28 billion, 13.1% of GDP)" - this is from 2015 but I do not think much has changed since then. @Indos - Please feel free to correct if this is no longer the case?

Indonesia also has debt to gdp ratio of 39% which is more than 10% points more than BD.

Indonesia government revenues for 2019 has been raised into Rp 1,957 trillion and debt to GDP ratio is 29.8 % for 2018 data (government debt). Those 39 % ratio is total foreign debt to GDP and it has been decreased into 36 percent in 2018.

https://tradingeconomics.com/indonesia/government-debt-to-gdp
https://jakartaglobe.id/business/indonesia-posts-25b-state-budget-deficit-in-2019
https://www.thejakartapost.com/news...-rises-10-percent-on-high-govt-borrowing.html

 

[UKBengali]

Indonesia government revenues for 2019 has been raised into Rp 1,957 trillion and debt to GDP ratio is 29.8 % for 2018 data (government debt). Those 39 % ratio is total foreign debt to GDP and it has been decreased into 36 percent in 2018.

https://tradingeconomics.com/indonesia/government-debt-to-gdp
https://jakartaglobe.id/business/indonesia-posts-25b-state-budget-deficit-in-2019
https://www.thejakartapost.com/news...-rises-10-percent-on-high-govt-borrowing.html

That is 12.5% of Indonesia 2019 GDP and so not much more than BD at 12% of GDP.

Both BD and Indonesia have very low tax revenues - BD is much poorer than Indonesia and has only recently started growing industries outside garments, and so that can explain why BD is at this level but what is Indonesia's reason?

PS - Good to see that Indonesian government debt is below 30% like BD.

 

[Indos]

That is 12.5% of Indonesia 2019 GDP and so not much more than BD at 12% of GDP.

Both BD and Indonesia have very low tax revenues - BD is much poorer than Indonesia and has only recently started growing industries outside garments, and so that can explain why BD is at this level but what is Indonesia's reason?

PS - Good to see that Indonesian government debt is below 30% like BD.

Well the reason of our low tax revenues because majority of businesses in Indonesia are small and medium size ones which mostly operate in informal sector and dont pay taxes. They contribute to 60.6 percent of our GDP. We are now (under Jokowi) trying to tax these businesses but I think it is not an easy task to cover them all.


Here is the statement from our finance Minister, Sri Mulyani Indrawati in 2016


"In her speech Indrawati stated that Indonesia's micro, small and medium sized enterprises are the backbone of the Indonesian economy. These enterprises account for 99 percent of the total amount of enterprises that are operating in Indonesia and they create a total of 107.6 million jobs in Southeast Asia's largest economy. Moreover, Indonesia's micro, small and medium-sized companies contribute 60.6 percent to Indonesia's gross domestic product (GDP). All these facts indicate the importance of the existence of these companies. In fact, they cushion the country's economy in times of shocks. However, the majority of these companies do not pay taxes, while most workers belong to the informal sector."

https://www.indonesia-investments.c...micro-small-medium-sized-enterprises/item7068

 

[UKBengali]

Well the reason of our low tax revenues because majority of businesses in Indonesia are small and medium size ones which mostly operate in informal sector and dont pay taxes. They contribute to 60.6 percent of our GDP. We are now (under Jokowi) trying to tax these businesses but I think it is not an easy task to cover them all.


Here is the statement from our finance Minister, Sri Mulyani Indrawati in 2016


"In her speech Indrawati stated that Indonesia's micro, small and medium sized enterprises are the backbone of the Indonesian economy. These enterprises account for 99 percent of the total amount of enterprises that are operating in Indonesia and they create a total of 107.6 million jobs in Southeast Asia's largest economy. Moreover, Indonesia's micro, small and medium-sized companies contribute 60.6 percent to Indonesia's gross domestic product (GDP). All these facts indicate the importance of the existence of these companies. In fact, they cushion the country's economy in times of shocks. However, the majority of these companies do not pay taxes, while most workers belong to the informal sector."

https://www.indonesia-investments.c...micro-small-medium-sized-enterprises/item7068

BD is growing some companies which hopefully one day will become large multinationals like Walton(electronics), Ananda(shipbuilding) and Beximco(various sectors). These will allow the government to easily tax these companies.

I am sure that over this decade the revenue to GDP ratio will increase significantly higher than the present low 12%.

Good luck to Indonesia in raising it's revenue base!

 

[Indos]

BD is growing some companies which hopefully one day will become large multinationals like Walton(electronics), Ananda(shipbuilding) and Beximco(various sectors). These will allow the government to easily tax these companies.

I am sure that over this decade the revenue to GDP ratio will increase significantly higher than the present low 12%.

Good luck to Indonesia in raising it's revenue base!

I hope those Bangladesh companies can be multinationals someday.

Well, businesses in Indonesia is not like in the old days during Soeharto era. In the past we are seeing companies grow into conglomeracy rapidly. And Today businesses are just focusing on their own specialties. After Asia Financial Crisis Indonesian government are becoming more careful. Majority of Indonesian major banks are in the hand of government now and they are forced to lend to small businesses with micro credit scheme. Other major banks are in the hand of foreign ownership and their lending are also controlled by Bank of Indonesia (our central bank). We force banks to be professional and limit their lending into their own group. State owned banks lending to other state owned companies are also limited into not more than 30 % of their total lending.

This policy is made to decrease the potency of having another financial crisis and also to democratize our economy so more wealth are being spread. Foreign loan is also controlled so that you can see that total foreign loan are dominated by government, not private sectors.

Because of that limitation, majority of banks are focusing more lending on consumer credits. It is why there is no single conglomerate ever created since we become democracy in 1998. As analyst said that Indonesia is very careful on controlling their financial institution in expense of its economic growth. Our economic growth is stable in the rate of 5-6 percent since financial reform was made in 1998-2004.

 

[UKBengali]

I hope those Bangladesh companies can be multinationals someday.

Well, businesses in Indonesia is not like in the old days during Soeharto era. In the past we are seeing companies grow into conglomeracy rapidly. And Today businesses are just focusing on their own specialties. After Asia Financial Crisis Indonesian government are becoming more careful. Majority of Indonesian major banks are in the hand of government now and they are forced to lend to small businesses with micro credit scheme. Other major banks are in the hand of foreign ownership and their lending are also controlled by Bank of Indonesia (our central bank). We force banks to be professional and limit their lending into their own group. State owned banks lending to other state owned companies are also limited into not more than 30 % of their total lending.

This policy is made to decrease the potency of having another financial crisis and also to democratize our economy so more wealth are being spread. Foreign loan is also controlled so that you can see that total foreign loan are dominated by government, not private sectors.

Because of that limitation, majority of banks are focusing more lending on consumer credits. It is why there is no single conglomerate ever created since we become democracy in 1998. As analyst said that Indonesia is very careful on controlling their financial institution in expense of its economic growth. Our economic growth is stable in the rate of 5-6 percent since financial reform was made in 1998-2004.

5-6% growth a year with GDP per capita of 4000 US dollar nominal is not that bad.

I think it is best to have a good mix of small-medium and large companies in an economy. Especially for countries with huge populations like BD and Indonesia as they have the domestic consumer base to nurture these companies before they go for exports.

As an example if you want an electronics company to be up there with the world's best it must be large as it needs to invest a lot of money in technology to be able to compete. Other companies like food processing not as much as the tech is much lower level.

BD is one of only two countries in S Asia that makes LCD panels, with the other being India. Even India cannot compete with BD's panel tech. Nearly all Walton TVs(only 4k one has Chinese panel) and Mobiles have BD designed and manufactured panels. This is one example of how BD's large internal market has helped create a company that now even exports TV's into the German market as an OEM supplier.

 

[bluesky]

I hope those Bangladesh companies can be multinationals someday.

Not you, but some other guy always talks in the future tense in a circle instead of talking about the present.

 

[VikingRaider]

NAH WE DONT NEED INDIAN ONION WE GOT THE MORE YUMMY ONE "RAJAKAR" ONION FROM PAKISTAN TASTE THE BEST

What about the idea of cooking Pakistani hen with Indian onion? It should be taste even more.

 

[UKBengali]

Not you, but some other guy always talks in the future tense in a circle instead of talking about the present.

Just realised that your 8 month ignore from me has come to an end and I have decided not to permanently ignore you as would like to give you yet another chance.

Remember misbehave again and it will be 16 month ignore or maybe even permanent ignore.