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RCEP Agreement: Vietnam’s gain, Bangladesh’s loss?

The Regional Economic Partnership Agreement (RCEP) is the world’s largest trade agreement, covering 30 percent of global GDP and 27 percent of global merchandise trade. Signed in November 2020, the trade bloc comprises 15 members, including the 10 nations of the Association of Southeast Asian Nations (ASEAN), China, Japan, South Korea, Australia, and New Zealand. […]
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Draft Automobile Industry Development Policy: Address issues to reap full benefits

With the growth of the economy and rising purchasing power of people, sales of automobiles have been increasing in Bangladesh. However, the country still needs to depend on imports of foreign vehicles to meet its ever-growing demand. Inspired by the success of the domestic two-wheeler motorbike industry, the government has developed the draft “Automobile Industry […]
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Addressing Youth Unemployment & Building Skills for the Future

Bangladesh has sustained a high GDP growth over the past decade that has put to bed the old moniker of “basket case” and helped position the country as one of the world’s fastest growing economies. Though the predictions from multilateral organizations for FY20-21 are highly varied from one another, The Bangladesh Bureau of Statistics(BBS) reported […]
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Employment in Bangladesh: How to Tackle the Informal Sector Conundrum

It is undeniable that Bangladesh holds tremendous potential in leveraging future economic development through its workforce.The country’s Labor Force is 71 Million Strong as of 2020. Of that number, 30.63% is women. While this statistic may at first seem to paint a rosy picture, there are a number of issues with employment in Bangladesh that […]
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Agent Banking: Spearheading financial inclusion in Bangladesh

Agent Banking has been a catalyst in financial inclusion in Bangladesh. According to a report by the Bill & Melinda Gates Foundation, participation in financial services in the country has increased to reach an all-time high of 47 percent in 2018 as a result of a 5 percentage-point surge (20% to 25%) in registered bank […]
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FDI Inflow in Bangladesh: Time to Rethink and Redesign Policies

Regardless of the high economic growth of 8.1% prior to the pandemic, Bangladesh  has struggled to attract foreign direct investments (FDI) into the country which can be explained by the low FDI to GDP ratio of 0.5% in 2019. Infrastructural challenges and gap in policy implementation are some of the primary reasons. Naturally, the yearlong […]
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Analyzing Healthcare Budget Allocation: Effective Utilization and Shortcomings

The COVID-19 Pandemic has developed into an unprecedented test for the Bangladesh Healthcare sector, which has been bludgeoned by the rate of infection across the country.As it stands on 1st September, 2020, Bangladesh has 310,822 confirmed cases, with 201,907 recoveries and 4,248 deaths. It is globally 15th on the ranking of most severely affected countries […]
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LightCastle Business Confidence Index 2019-20

LightCastle Business Confidence Index 2019-20
LightCastle Partners’ annual flagship publication titled ‘The LightCastle Business Confidence Index 2019-20’ gauges the business sentiments of private sector leaders across several sectors, that have a notable contribution to the country’s economy. The industries to feature in this study were purposefully determined to include sectors that had the highest level of contribution to the country’s […]
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Fading Abroad While Shining At Home: Bangladesh’s Shrimp Sector Looks to the Domestic Market as Exports Decline

Shrimp is one of the most important export items in Bangladesh, accounting for more than 70 percent of its agricultural exports. Its massive contribution to national exports has earned it the nickname, “White Gold.” The majority of this revenue winning item is exported to the European Union (EU) countries, including the Netherlands, Belgium, and Germany. […]
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Global FinTech Progression and Bangladesh

Today you can stay at your home in self-isolation and order your grocery delivery, without having to worry about exchanging cash. Thanks to FinTech, you can do it with your smartphone. While mobile financial services are transforming the traditional money transaction process and fostering e-wallet adoption in Bangladesh, the wide-ranging opportunities of fin-tech, however, remains […]
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