A fallout of the BluSmart-Gensol saga is that entrepreneurs will have to face greater scrutiny from investors. It’s a wake up call for regulators & lenders, say market watchers.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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