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  1. U

    Eyeing $5b by 2025, local IT companies expand global footprint

    Article from end of last year but there is a lot of good information in there. The industry expects exports to hit 20 billion US dollars by 2031 and they have a lot of success so far to back this up. By the 2030s there is no reason that BD's IT industry cannot become as diverse as India's...
  2. U

    Bangladesh’s exports rise 5.89pc to $5.13b in January

    This does not include services and so around 6 billion US dollars last month. BD could hit around 70 billion dollars of total exports in 2022-2023 fiscal. https://thefinancialexpress.com.bd/economy/bangladeshs-exports-rise-589pc-to-513b-in-january-1675337989 "Bangladesh managed to bring in...
  3. U

    Bangladesh exports to India reach $1b in H1 FY23

    Key points: 1. Apparel exports are up 50% and so garment exports are booming and India is allowing free flow of these items. 2. India seems to be putting up unfair barries to jute exports and that has cost BD 300 million US dollars in exports in lH1 2023...
  4. U

    Reserves to go beyond $36bn by June

    https://www.dhakatribune.com/bangladesh/2023/01/18/reserves-to-go-beyond-36bn-by-june "The country's economy is making a turnaround and the economy is gaining momentum, riding as it is on export earnings and remittances. Import expenditure has also been controlled. As a result, the pressure on...
  5. U

    Test run on Padma Bridge rail link held

    Once operational this rail link will both boost tourism and also increase economic activities. BD government is contributing nearly 50% of the project cost and so we are seeing a steady upward trend in BD fiscal capacity...
  6. U

    Export earnings surge to $5.36b in Dec

    :sniper: https://www.newagebd.net/article/190642/export-earnings-surge-to-536b-in-dec " Bangladesh’s export earnings in December 2022 were $5.36 billion, the highest-ever single-month earnings, due to a robust performance of readymade garment products despite a global economic slowdown. The...
  7. U

    BD bid for 2036 Olympics?

    There is already a thread about India maybe bidding but I think BD should also get in and try to capture the 2036 Olympics. Like S Korea annouced its arrival into a dynamic and fast growing economy by hosting the 1988 Olympics, so BD can do the same if it won and then hosted the 2036 Olympics...
  8. U

    Why high FDI kills economic development

    Many of the "experts" here think that BD should become more like Vietnam and become a re-exporter for MNCs like Apple, Samsung etc. Well let us look at what the UK's CEBR forecasts for growth rates for BD and Vietnam between 2027 and 2037...
  9. U

    Installation of rail tracks on Padma Bridge begins

    By middle of next year you will be able to travel from Dhaka to Bhanga is comfort in just 2.5 hours. You can then travel to Khulna in another 1.5 to 2 hours. This will supercharge both the tourism and commerce even further in SW BD...
  10. U

    Rooppur Nuclear Power Plant to go into production in 2024

    Unfortunately due to Russia-Ukraine war, commercial production of the 1st unit will now not happen till 2024 as opposed to the original planned 2023. The 2 reactor units by 2025 will generate 15% of BD's electricity demand with cheap and clean energy. Another 500MW of cheap and clean power...
  11. U

    Walton Television Manufacturing Documentary Video 2020

    Yes the whole TV(including 4K) is designed and manufactured from scratch. BD is now in the big-league in consumer electronics, just behind the giants like LG, Samsung and Sony.
  12. U

    BD exports to India in Q1 of FY23 boom

    BD could easily hit the 10 billion US dollars of exports to India way before 2030 if this growth rate continues for some more years. https://rmgbd.net/2022/10/q1-of-fy23-apparel-exports-see-a-modest-rise-in-top-destinations/ "From India, Bangladesh bagged $306.39 million in the Q1 of...
  13. U

    Inflation in BD on way down and now down below 9%

    Again, along with the stablisation of the forex reserves over the last 2 months, shows that BD economy is handling the current economic challenges quite well. For comparison India is at 7%, Pakistan at 27% and Sri Lanka at 66%. https://tradingeconomics.com/bangladesh/inflation-cpi
  14. U

    BD almost catches up with India in GDP PPP per capita

    BD was at around 75% of India's level 15 years ago and so BD economy has been growing consistently quicker. Also notice that by 2027 BD will be at 3/4 of Sri Lankan level according to IMF forecast.
  15. U

    BD stays ahead of India in GDP per capita - IMF October 2022 Database

    Interesting that just 6 months ago, IMF forecast that India would grow faster than BD in 2022. https://www.imf.org/en/Publications/WEO/weo-database/2022/October/weo-report?c=513,534,&s=NGDP_RPCH,NGDPDPC,&sy=2022&ey=2027&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1
  16. U

    Exports to India hits record high

    https://www.bangladeshpost.net/posts/exports-to-india-hits-record-high-92892 "Bangladesh's exports to India hits record high in the last fiscal year to reach about $2 billion, up 55.62 percent more than the previous fiscal year. In July, the first month of 2022-23 fiscal year, exporters of...
  17. U

    Bangladeshi tech company hired for Mexican government’s AI chatbot

    Good stuff. IT sector in BD has been growing at 35-40% per annum average since 2009. https://www.dhakatribune.com/business/2022/07/05/bangladeshi-tech-company-hired-for-mexican-governments-ai-chatbot "Bangladeshi tech company Reve Chat is providing the Mexican government with access to...
  18. U

    BNP: Incorrect population size presented to show higher per capita income

    :lol: This BNP is becoming more of a joke with every passing day. https://www.dhakatribune.com/bangladesh/2022/07/26/govt-to-announce-population-size-wednesday " BNP Secretary General Mirza Fakhrul Islam Alamgir on Thursday alleged that the government has kept the population size low in the...
  19. U

    Walton’s Revenue Grew By 24.9% In 9M’21-22

    OK some good and bad news, although this is not the full year results and so especially in terms of exports, things may change as Walton entered new markets in the last quarter of the previous fiscal. Good - Revenue increase by 24.9% over same period last year. Bad - Exports increased by 157%...
  20. U

    Bangladesh's exports hit all-time high of over 52 bln USD in FY 2021-22

    When you combine services then BD has hit 60 billion US dollars of exports this fiscal. https://english.news.cn/asiapacific/20220703/9ea2a16ef85646ac94ae29bbcc6a73a6/c.html " DHAKA, July 3 (Xinhua) -- Bangladesh saw exports soar more than 34 percent to 52.08 billion U.S. dollars in the...

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