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  1. rainbowrascal

    Bangladeshis' deposit in Swiss banks, Swiss ambassador tells lies: FM Momen

    Very undiplomatic to call an ambassador a liar
  2. rainbowrascal

    11 entities to invest US $ 243.71 million in BEPZA Economic Zone in Bangladesh

    As many as 11 companies are set to invest around US $ 243.71 million in Bangladesh Export Processing Zones Authority’s (BEPZA) Economic Zone (EZ). Reports claimed this while adding Hong Kong-British Virgin Island-owned ladies undergarments manufacturing company Nova Intima Limited is one...
  3. rainbowrascal

    China to begin work on economic zone in Ctg soon

    China will soon begin work on developing an economic and industrial zone in Chattogram's Anowara upazila. To this end, a memorandum of understanding was signed between Bangladesh Economic Zones Authority (Beza) and China Road and Bridge Corporation on Thursday. Shaikh Yusuf Harun, executive...
  4. rainbowrascal

    Bangladesh raises fuel oil prices as much as 51.68%

    Reducing pol price will be similar to suic!de now... Even if AL goes out of power, the new govt is unlikely to reduce price unless global price falls or the finance department is given to idiots
  5. rainbowrascal

    Learn the truth: How bad is BD's present economic standing?

    “It's Easier to Fool People Than It Is to Convince Them That They Have Been Fooled.” – Mark Twain.
  6. rainbowrascal

    Protests Erupt In Bangladesh After 52% Hike In Fuel Prices

    Kind of We mostly import refined petroleum which increases the price. On top of that inadequate pipeline and storage also fuels the price. We literally use 1bn+ annually just for oil transportation
  7. rainbowrascal

    Protests Erupt In Bangladesh After 52% Hike In Fuel Prices

    I mean, the over smart intellectuals he was talking about is very much true. Nobody wants to listen anything nowadays... But the question he should have been asked is that even after 10+ years of ruling why they failed to built a single refinery... Almost same price, not much of a difference...
  8. rainbowrascal

    Anwar Group looks beyond slowdown – invests Tk5,000cr

    Anwar’s denim investment puts high hopes in modern technology. The group is transforming its jute mill in Munshiganj’s Gazaria to accommodate the denim manufacturing units. Anwar Group, one of the leading industrial companies of the country, is going to invest at least Tk5,000 crore in steel...
  9. rainbowrascal

    India-Bangladesh Oil Pipeline: Dev work 90% complete, officials say

    With the 130-kilometre long India-Bangladesh Friendship Pipeline nearing completion, residents and industries across 16 northern districts may soon enjoy uninterrupted fuel supply. Here, a section of the pipes being used are seen laying above ground before being put in place in Badarganj upazila...
  10. rainbowrascal

    Chinese FM Wang Yi scheduled to visit Dhaka tomorrow

    Can bet that a loan agreement will be discussed, maybe even deposit of dollar in Bangladesh bank. Still better than imf tbh...
  11. rainbowrascal

    Bangladesh raises fuel oil prices as much as 51.68%

    I discourage subsidy too Although the criticism i have about the govt is that they aren't filling the loopholes, such as oil refinery, pipeline, storage etc. These loopholes has the power to decrease the cost of oil by a lot. Which can help the people and also save forex...
  12. rainbowrascal

    Bangladesh raises fuel oil prices as much as 51.68%

    Bad idea to increase prices in one go, I guess they didn't want to get torched over and over again
  13. rainbowrascal

    Fuel crisis affects electricity supply in Bangladesh

    Electricity production of 25 July. If oil price remains same the whole year, we'll have to spend 4bn+ on oil imports just for electricity generation. The solutions are coal, nuclear and more gas exploration, although i would divert gas to industries instead of power plants
  14. rainbowrascal

    Moody's says pressure on Bangladesh rising but crisis risk low

    1.5bn will be added to forex in the next few days as exporters will draw in their earnings. Limited load shedding will continue until november, as electricity demand will fall around 7000MW in winter. Also Rampal and Banshkhali coal plant is also scheduled to go into operation in dec/jan, which...
  15. rainbowrascal

    Packaging gets Tk5,000cr investment in Bangabandhu Shilpa Nagar

    Jute and leather should get equal focus as textiles
  16. rainbowrascal

    Bangladesh resumes defence budget declines

    Slim chance of any major purchase over the next 2,3 years
  17. rainbowrascal

    Bangladesh Govt formally seeks $4.5b from IMF

    Dollar inflow and outflow was almost same in june, wonder why taka is still under this much stress. June import was 6.79bn and export+remittance was 6.75bn.!
  18. rainbowrascal

    Greece plane crash: Cargo aircraft was carrying weapons to Bangladesh - minister

    If we had taken delivery, wouldn't it be transferred by our cargo planes? Even if not, our armed forces members would have been present in the cargo, but all the dead are ukrainians
  19. rainbowrascal

    Greece plane crash: Cargo aircraft was carrying weapons to Bangladesh - minister

    Earlier foreign secretary stated that the weapons had insurance and Bangladesh didn't conseive any financial losses. He however couldn't give the information about the weapons and it's cost.

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