Bangladesh will not face any economic crisis like Sri Lanka: PM | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Tuesday
May 20, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
TUESDAY, MAY 20, 2025
Bangladesh will not face any economic crisis like Sri Lanka: PM

Bangladesh

TBS Report
06 April, 2022, 06:55 pm
Last modified: 06 April, 2022, 09:45 pm

Related News

  • Walton expands footprint in Sri Lanka
  • 21 killed as bus carrying pilgrims crashes in Sri Lanka
  • 6 killed in Sri Lanka helicopter crash: military
  • Bangladesh to adopt Sri Lankan model for dengue elimination
  • Three abducted Sri Lankan nationals rescued in Bagerhat; 4 arrested

Bangladesh will not face any economic crisis like Sri Lanka: PM

She said her government used to repay the debt taken for the country's development purpose in due time since the Awami League assumed office

TBS Report
06 April, 2022, 06:55 pm
Last modified: 06 April, 2022, 09:45 pm
File Photo: Bangladesh Prime Minister Sheikh Hasina
File Photo: Bangladesh Prime Minister Sheikh Hasina

Prime Minister Sheikh Hasina on Wednesday told parliament that there is no possibility of an economic crisis like that in Sri Lanka as Bangladesh's economic base is very strong.

"We are very much aware," she said as Deputy Opposition leader GM Quader spoke of fears of a Sri Lanka-like situation while delivering his speech in parliament.

She said the government has been repaying debts taken for the country's development on time ever since the Awami League assumed office.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"Bangladesh was never a defaulter and will not be a defaulter in the days to come as our economic base is very strong in this respect," she said.

The PM said her government doesn't take commissions like the BNP and Jatiya Party governments.

She also said her government has on instances completed project works on time or before schedule, referring to the completion of the 1,320 megawatt Payra Thermal Plant, which was completed within eight months, saving Tk800 crore.

The PM made the statement while giving the valedictory speech of the 16th session in the 11th parliament with Speaker Shirin Sharmin Chaudhury in the chair.

Govt initiatives tamed essential prices

During her speech, the PM suggested people to use pumpkins or other vegetables instead of eggplants during iftar due to its high price.

Hasina said the government's various initiatives, including open market sale of essentials by the Trading Corporation of Bangladesh (TCB), has helped to drastically reduce commodity prices.

"The pro-people government has taken all kinds of steps to keep the prices of essentials at a tolerable level. The prices of daily commodities have reduced significantly due to the activities of the TCB," she said while replying to a tabled question during the PM's question-answer session in parliament on Wednesday.

The leader of the house said prices of essentials had gone up significantly across the globe because of the economic meltdown arising out of the Covid-19 pandemic, while the Russia-Ukraine war also fueled worldwide price hikes.

"As a result, the daily commodities' prices have increased in the world market," she said, adding that despite the hurdles her government has taken all possible measures to keep the prices of essentials under control.

She also expressed hope that the prices would remain at an affordable level during the month of Ramadan.

Highlighting the government's success to this end, the PM said one litre bottled soybean oil price was Tk170 on March 1, but had decreased to Tk161.50 on April 5. Similarly, the price of one litre loose soybean oil came down to Tk155 from Tk175, while the price of palm oil fell to Tk142 from Tk158.

"During this time, the TCB also sold per litre oil can at Tk110. Lentil price came down to Tk112.50 on April 5 from Tk120, while the TCB is selling it at Tk65 per kilogramme. Loose sugar price decreased to Tk78 per kilogramme on April 5 from Tk85 on March 1, while the TCB is selling it at Tk55 per kilogramme," she added.

She also said that the price of onions had fallen from Tk60 per kg to Tk31.50, while it was being sold at Tk20 by the TCB.

Padma Bridge will open to traffic at the end of 2022

Prime Minister Sheikh Hasina on Wednesday said that the Padma Bridge will open to traffic at the end of this year.

The construction progress of the main bridge is at 96.50%.

The PM also called the construction of the Padma Bridge the most challenging in the country's history.

She said her government self-financed the country's largest bridge --- 6.15 kilometres long and 18.10 metres wide. The premier said that the revised budget of the bridge project was Tk30,193.39 crore.

She added: "So, the government has given importance to developing infrastructures. A huge change has been made during the last decade during this government. Now, the country is starting a journey on the highway of development."

On the topic of congestion plaguing the capital, the PM asked people to reduce the use of private cars.

She said each member of many families use two to three cars and then blame the traffic on the government, which did not make sense.

She said that more public buses would be added to the current fleet, while the metro rail was also being set up.

The PM said the communication development was for the common people and the metro rail would allow around 60,000 people to move per hour.

Govt collected 29.64,84,120 doses of Covid-19 vaccines

Prime Minister Sheikh Hasina told Parliament that her government has collected 29,64,84,120 doses of Covid-19 vaccines as of April 4 from different parts of the globe.

"Over 12,80,70,948 people have so far been given the first doses of the Covid-19 vaccines while 11,42,67,956 others have received the second doses and 1,00, 81,193 got the booster doses," she said.

Declining to disclose the cost of purchasing the Covid-19 vaccines, Hasina said that it had been possible to procure those at a relatively cheap price due to negotiations with the countries concerned through bilateral relations.

"It will not be right to disclose the cost of purchasing the vaccines or the related expenses, since there are non-disclosure agreements," she added.

Responding to another question, the premier said some 9,36,955 people were employed in jobs abroad during the Covid-19 pandemic.

The PM also said that the universal pension scheme was being formulated to ensure the financial security of elderly citizens.

"The enactment of a law on the universal pension and formation of an authority to this end is now under process," she added.

Top News

Prime Minister Sheikh Hasina / Jatiya Sangsad (JS) / Economic crisis / Sri Lanka

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Saleh Uddin Ahmed. Sketch: TBS
    Large depositors in troubled banks to be offered shares, bonds: Salehuddin
  • Most listed state companies incur loss in 9 months
    Most listed state companies incur loss in 9 months
  • File photo of BNP Acting Chairman Tarique Rahman. Photo: Collected
    '​We want election within December': Tarique

MOST VIEWED

  • Lotto inaugurates new factory to nearly triple production capacity
    Lotto inaugurates new factory to nearly triple production capacity
  • Illustration: Collected
    Unemployment rate hits historic high, rises to 4.63% as 27.4 lakh now jobless
  • Representational image
    Govt plans to scrap reduced tax benefits for textile sector
  • Photo shows actress Nusraat Faria produced before the Chief Metropolitan Magistrate (CMM) Court on Monday, 19 May 2025. Photo: Focus Bangla
    Court sends actress Nusraat Faria to jail, sets 22 May for bail hearing
  • Nusraat Faria Mazhar. Photo: Noor A Alam/TBS
    Interim govt struggling with moral, political direction: British journo David Bergman on Nusraat Faria arrest
  • The Chattogram Custom House building in Chattogram. File Photo: Collected
    Ctg custom house pen-down strike continues for 5th day

Related News

  • Walton expands footprint in Sri Lanka
  • 21 killed as bus carrying pilgrims crashes in Sri Lanka
  • 6 killed in Sri Lanka helicopter crash: military
  • Bangladesh to adopt Sri Lankan model for dengue elimination
  • Three abducted Sri Lankan nationals rescued in Bagerhat; 4 arrested

Features

Photo: TBS

How Shahbagh became the focal point of protests — and public suffering

12h | Panorama
PHOTO: Collected

Helmet Hunt: Top 5 half-face helmets that meet international safety standards

1d | Wheels
Photo: Collected

Simple accessories to extend the life of your luggage

1d | Brands
With a growing population, the main areas of Rajshahi city are now often clogged with traffic. Photo: Mahmud Jami

Once a ‘green city’, Rajshahi now struggling to breathe

2d | Panorama

More Videos from TBS

The instructions given by the Financial Advisor to the BSEC Chairman

The instructions given by the Financial Advisor to the BSEC Chairman

7h | TBS Today
Ishraq Mayoral Bid: Obstacles Mount Amid Political Tensions

Ishraq Mayoral Bid: Obstacles Mount Amid Political Tensions

8h | Podcast
India's 'factory dream' at risk in China-US deal

India's 'factory dream' at risk in China-US deal

8h | Others
What Was Manu Mia’s Crime After Digging 3,000 Graves?

What Was Manu Mia’s Crime After Digging 3,000 Graves?

8h | TBS Stories
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net