Bangladesh Economic & Infrastructure Development - Updates & Discussions
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Bilal9
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Demand for higher displacement engines and speedier bikes increasing at 7-8% per year. Very large portion of bikes sold at higher displacement engine category (up to 165cc).
Karnaphuli Tunnel Project, Patenga, Chittagong
100 feet Purbachal Lake construction status
Karnaphuli Tunnel Project, Patenga, Chittagong
100 feet Purbachal Lake construction status
Bilal9
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The first roadway slab being installed on the Jazira end of the Padma bridge in Shariatpur. The 2 metres in width and 22 metres in length slab was placed on the “7-F” span between pillar 41 and 42 yesterday. A total of 2,931 slabs will be set up on the 6.15km bridge. Photo: Farhana Mirza
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Bilal9
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Local Boiler manufacturing companies are improving their quality and selection to supply local demand. On average 5 tonnes to 10 tonnes capacity are popular and 90% of the local demand is met by local manufacturers.
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ADB: Bangladesh to see 8% growth in FY19-20
Bangladesh's economic growth is likely the fastest in the Asia Pacific region
The Asian Development Bank has projected 8% economic growth for Bangladesh in the current fiscal year FY 2019-20, according to the Asian Development Bank 2019 outlook.
"Bangladesh has experienced strong GDP growth in FY2018-19," the outlook, published on Wednesday morning at its Dhaka office, said. "The country will continue to achieve GDP growth in FY19-20, at 8%, which will stay robust during FY20-21."
Both strong private consumption, and public investment, will continue to contribute to the growth.
The Manila-based institution has also labelled Bangladesh's economic growth as the "fastest in the Asia Pacific region".
Net exports will also contribute positively to the growth in GDP, as exports have been expanding faster than imports, the outlook said.
Inflation has remained under control, but the banking sector has been facing challenges with higher NPL ratios due to weak governance, the outlook mentions.
https://www.dhakatribune.com/bangla...adb-bangladesh-to-see-8-gdp-growth-in-fy19-20
Bangladesh's economic growth is likely the fastest in the Asia Pacific region
The Asian Development Bank has projected 8% economic growth for Bangladesh in the current fiscal year FY 2019-20, according to the Asian Development Bank 2019 outlook.
"Bangladesh has experienced strong GDP growth in FY2018-19," the outlook, published on Wednesday morning at its Dhaka office, said. "The country will continue to achieve GDP growth in FY19-20, at 8%, which will stay robust during FY20-21."
Both strong private consumption, and public investment, will continue to contribute to the growth.
The Manila-based institution has also labelled Bangladesh's economic growth as the "fastest in the Asia Pacific region".
Net exports will also contribute positively to the growth in GDP, as exports have been expanding faster than imports, the outlook said.
Inflation has remained under control, but the banking sector has been facing challenges with higher NPL ratios due to weak governance, the outlook mentions.
https://www.dhakatribune.com/bangla...adb-bangladesh-to-see-8-gdp-growth-in-fy19-20
Bilal9
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Leading through leather
Tribune Editorial
Photo: SYED ZAKIR HOSSAIN
The country must strive to become competitive on all fronts
As Bangladesh continues climbing the ladder to reach the status of a developing country, it is important that we capitalize on any opportunity on the global front to further our economic goals.
As such, it is encouraging to see that our leather footwear sector has done just that, as it had taken advantage of the ongoing trade war between China and the US, and has increased exports from Bangladesh to the US by 17.7% in 2018.
Over the past few decades, our RMG sector has been the unprecedented champion of our growth, but it cannot and should not be leaned upon to continue to pull the country’s weight. There is no doubt that Bangladesh must look to diversify its export basket, because a robust and high-functioning economy cannot sustain itself by relying on one sector for a lion’s share of its GDP.
Therefore, it can be hoped that these increased numbers from the leather footwear industry galvanize the rest of the leather industry, which include processed leather -- clothes, bags, and numerous other leather-based goods -- to reach greater heights.
With the export volume having increased 71 times over the last four decades or so, and a sector which could contribute to over $5 billion in the next decade if given the right support, it is safe to say that there is enormous untapped economic potential of leather.
As global business practices change and evolve, and as Bangladesh looks to achieve its long-term vision, the country must strive to become competitive on all fronts, and thus, we cannot afford to limit ourselves.
Tribune Editorial
- Published at 12:01 am April 3rd, 2019
Photo: SYED ZAKIR HOSSAIN
The country must strive to become competitive on all fronts
As Bangladesh continues climbing the ladder to reach the status of a developing country, it is important that we capitalize on any opportunity on the global front to further our economic goals.
As such, it is encouraging to see that our leather footwear sector has done just that, as it had taken advantage of the ongoing trade war between China and the US, and has increased exports from Bangladesh to the US by 17.7% in 2018.
Over the past few decades, our RMG sector has been the unprecedented champion of our growth, but it cannot and should not be leaned upon to continue to pull the country’s weight. There is no doubt that Bangladesh must look to diversify its export basket, because a robust and high-functioning economy cannot sustain itself by relying on one sector for a lion’s share of its GDP.
Therefore, it can be hoped that these increased numbers from the leather footwear industry galvanize the rest of the leather industry, which include processed leather -- clothes, bags, and numerous other leather-based goods -- to reach greater heights.
With the export volume having increased 71 times over the last four decades or so, and a sector which could contribute to over $5 billion in the next decade if given the right support, it is safe to say that there is enormous untapped economic potential of leather.
As global business practices change and evolve, and as Bangladesh looks to achieve its long-term vision, the country must strive to become competitive on all fronts, and thus, we cannot afford to limit ourselves.
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