BANGLADESH STIRRING TROUBLE TO HIDE CRISIS
The New Indian Express|December 23, 2024
Bangladesh is heading toward an alarming economic situation. Its future now hinges on a delicate balance of domestic political developments and international interventions
SALAH UDDIN SHOAIB CHOUDHURY
BANGLADESH STIRRING TROUBLE TO HIDE CRISIS

ANGLADESH'S economy is in a rapid nosedive, with over a million people becoming unemployed since August 5. Numerous commercial and industrial establishments are shutting down due to an acute liquidity crisis. This hampers entrepreneurs from opening letters of credit to import essential raw materials and other items required to sustain their businesses.

Meanwhile, dozens of 'buying houses' that coordinated the procurement of readymade garments from local factories for large buyers—mostly in the United States, Britain, and EU nations—have closed their offices. The worsening situation is primarily driven by mob anarchy, rampant extortion, threats, intimidation, and a hostile environment that discourages foreign nationals, particularly Indians, from remaining in the country.

Analysts warn Bangladesh is heading toward an alarming economic collapse. A significant segment of its population could face acute famine, while most of the 6.5 million workers in the country's garments sector—a key economic backbone—risk losing their jobs. International buyers are already shifting their orders to alternative sources due to the growing influence of extremist groups like Al-Qaeda, Islamic State, Hizb Ut-Tahrir and Hefazat-e-Islam. Thousands of Quranic madrasas in Bangladesh, considered breeding grounds for jihadists, further exacerbate the issue. These institutions are heavily influenced by anti-Semitism, jihadism, and Hindu hatred.

Given the troubling scenario, geopolitical analysts suggest Bangladesh, once seen as a rising economic star in Asia, is on the verge of becoming another Libya, Iraq, or Pakistan. The rise of religious extremism and state-sponsored violence may make the country a target for terrorist attacks.

Esta historia es de la edición December 23, 2024 de The New Indian Express.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición December 23, 2024 de The New Indian Express.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE THE NEW INDIAN EXPRESSVer todo
We expect 2025 to be a strong year for us in India: Toyota
The New Indian Express

We expect 2025 to be a strong year for us in India: Toyota

AT a time when most automakers are grappling with sluggish demand, Toyota Kirloskar Motor (TKM) is achieving impressive double-digit sales growth each month. This success is driven by its strong SUV portfolio and the strategic partnership between its parent company, Toyota Motor Corporation, and Suzuki Motor Corporation. The Japanese automaker is set to surpass the 3 lakh annual sales milestone in the financial year 2025 and expects this robust growth to continue into the next fiscal year. Unlike other carmakers focusing heavily on electrification, TKM has adopted a unique strategy by offering a broader range of green powertrain options, emphasizing its ultimate goal of reducing carbon emissions. In an interaction with TNIE's Arshad Khan, Vikram Gulati - Country Head of TKM and Sabari Manohar - Vice President of Sales at TKM discuss Toyota's growth in India, their approach towards different powertrains and investments by the company. Edited excerpts:

time-read
2 minutos  |
December 23, 2024
CONCOCTIONS BY THE COAST
The New Indian Express

CONCOCTIONS BY THE COAST

Unnavu Thiruvizha on Marina Beach provides a platform to showcase regional cuisines. But chaos and confusion ensued on Sunday as thousands turned up to relish some delicacies

time-read
2 minutos  |
December 23, 2024
Barry Keoghan, Jenna Ortega film titled Hurry Up Tomorrow
The New Indian Express

Barry Keoghan, Jenna Ortega film titled Hurry Up Tomorrow

Earlier, we reported that actors Jenna Ortega and Barry Keoghan, as well as musician Abel Makkonen Tesfaye (The Weeknd), would star in an upcoming film directed by Trey Edward Shults.

time-read
1 min  |
December 23, 2024
MENTAL MANADHIL GOES ON FLOORS
The New Indian Express

MENTAL MANADHIL GOES ON FLOORS

EARLIER, we reported that director Selvaraghavan and actor GV Prakash are teaming up for the first time for a film titled Mental Manadhil.

time-read
1 min  |
December 23, 2024
CELEBRATION OF CHANGEMAKERS
The New Indian Express

CELEBRATION OF CHANGEMAKERS

CHANGE is the only constant, as the popular adage goes. However, across the world, at this moment, movements, and people are catalysts, fighting in an attempt for a change, carving out a more equal world.

time-read
1 min  |
December 23, 2024
Quenching curiosity: Campus visits in American universities
The New Indian Express Chennai

Quenching curiosity: Campus visits in American universities

SAT scores can be a stepping stone to your dream college, but a prestigious name and reputation alone may not guarantee that a school is right for you. Hence campus tours are a good way to gain insight into courses, campus culture and history of the school

time-read
1 min  |
December 23, 2024
Words of Wisdom for Yashasvi
The New Indian Express

Words of Wisdom for Yashasvi

During a net session ahead of the Boxing Day Test in Melbourne, Kohli, Rahul and coach Gambhir give pep talks to Mumbai batter, who has struggled to spend time in the middle

time-read
3 minutos  |
December 23, 2024
Three-star Blasters down Mohammedan
The New Indian Express

Three-star Blasters down Mohammedan

KERALA Blasters FC players delighted the home crowd to record a dominant 3-0 win over Mohammedan SC in the Indian Super League at the Jawaharlal Nehru Stadium here on Sunday.

time-read
1 min  |
December 23, 2024
Liverpool extend lead, United lose
The New Indian Express

Liverpool extend lead, United lose

LIVERPOOL FC recorded a thrilling 6-3 victory over Tottenham Hotspur to extend their lead in the Premier League on Sunday.

time-read
1 min  |
December 23, 2024
The making of fast bowler Boland: Cult hero of MCG
The New Indian Express

The making of fast bowler Boland: Cult hero of MCG

ON a hot Saturday afternoon at the AH Butler Oval, Frankston Peninsula Cricket Club was playing against Camberwell Magpies Cricket Club in the local game on the outskirts of Melbourne.

time-read
3 minutos  |
December 23, 2024