Bangladesh to be 9th largest consumer market by 2030

Bangladesh is expected to be the ninth-largest consumer market globally by 2030, leaving behind the United Kingdom and Germany, said a report by HSBC Global Research yesterday. “Bangladesh is expected to see the fastest growth in its consumer market – that is, the population earning more than $20 per day in constant Purchasing Power Parity terms – in the current decade.” HSBC prepared the Flying Dutchman’ report titled “Asia’s Shoppers in 2030” based on its new proprietary demographic database. In 2021, Bangladesh was the 16th largest consumer market globally.  Bangladesh has registered steady economic growth in recent years. With a population of 16.5 crore, the nation has seen a 6.15 per cent expansion in its gross domestic product on average since 2000. “Vietnam, Bangladesh, and India are expected to see the biggest increase in consumer spending in the current decade,” said the report.

Source: https://www.thedailystar.net/business/economy/news/bangladesh-be-9th-largest-consumer-market-2030-3147411

India’s experience in SME dev can be used in Bangladesh

Bangladesh may use the Indian experience in the development of its small and medium enterprises, analysts said at a discussion between the CII and FMC delegations at the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) office in Dhaka yesterday. For developing cooperation, SME Foundation Managing Director Md Mafizur Rahman called for signing a memorandum of understanding between the SME Foundation and its Indian counterpart. While chairing the meeting, FBCCI President Md Jashim Uddin said Bangladesh has huge potential in the cluster-based SME sector. Both countries can benefit if Bangladesh can harness the Indian experience in flourishing small-and-medium enterprises (SMEs), he added.

Source: https://www.thedailystar.net/business/economy/news/indias-experience-sme-dev-can-be-used-bangladesh-3147346

Bankers call for lifting circuit breaker on T-bond transactions

Bankers, in a meeting with the capital market regulator on Wednesday, called for lifting the circuit breaker to popularise the bond market. To increase the treasury bond transactions, the bankers came up with some other demands which they said are essential for a vibrant bond market. On 10 October, trading of treasury bonds began on the Dhaka Stock Exchange on an experimental basis. There is a 2% circuit breaker on the trading. The ceiling resulted in banks, who are reluctant to sell, holding most of the bonds. This has created a supply crunch as the market shows a significant demand.  In this situation, the regulator Bangladesh Securities and Exchange Commission (BSEC) sat with the treasury heads of all banks and sought cooperation to make treasury bond transactions vibrant. The regulator also sought bankers’ cooperation to further increase investment in the capital market by banks.

Source: https://www.tbsnews.net/economy/stocks/bankers-call-lifting-circuit-breaker-t-bond-transactions-516614