{"id":4653,"date":"2024-07-28T07:02:19","date_gmt":"2024-07-28T07:02:19","guid":{"rendered":"https:\/\/hernet.news\/?p=4653"},"modified":"2024-07-28T07:02:19","modified_gmt":"2024-07-28T07:02:19","slug":"violence-and-curfews-cause-estimated-100-billion-taka-economic-damage-in-bangladesh-eroding-public-and-investor-confidence","status":"publish","type":"post","link":"https:\/\/hernet.news\/?p=4653","title":{"rendered":"Violence and Curfews Cause Estimated 100 Billion Taka Economic Damage in Bangladesh, Eroding Public and Investor Confidence"},"content":{"rendered":"\n<p>Recent violence and imposed curfews in Bangladesh have led to significant economic turmoil, with estimated losses reaching 100 billion taka, according to economists Ahsan H. Mansur and Selim Raihan. The widespread unrest, which began on July 14 due to the quota reform movement, has not only inflicted financial damage but also exposed the government&#8217;s political vulnerabilities, prompting calls for swift action to restore stability and confidence among citizens and investors alike.<\/p>\n\n\n\n<p>The unrest has caused disruptions across various sectors, with businesses shutting down and investors growing wary of the continuing instability. The government&#8217;s response, including the deployment of the military and law enforcement agencies, while initially stabilizing, has not been sufficient to address the underlying political and social tensions. Experts argue that the government must engage in comprehensive dialogue with political parties and student groups to address grievances and restore public trust.<\/p>\n\n\n\n<p>As the situation has evolved, the initial curfew, which began on July 21 and included breaks of two hours initially and then three, has shown varying durations across different districts. This approach has led to sporadic periods of calm, but the overall atmosphere remains tense and uncertain.<\/p>\n\n\n\n<p>Economists are particularly concerned about the long-term impact on Bangladesh&#8217;s investment climate. The ongoing unrest and the government&#8217;s handling of the situation have potentially jeopardized future local and foreign investments. The economic indicators are likely to suffer further unless a more stable political environment is established.<\/p>\n\n\n\n<p>Moreover, the disruption has extended to digital communications and internet services, complicating the already challenging circumstances for businesses that rely on these services. The economic activities linked to internet and digital technology have been notably impacted, adding to the financial losses.<\/p>\n\n\n\n<p>The government faces a critical challenge in ensuring the security of its citizens and preventing further economic deterioration. Transparency, dialogue, and effective governance will be essential in navigating out of the current crisis and rebuilding the economic and political landscape of Bangladesh.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recent violence and imposed curfews in Bangladesh have led to significant economic turmoil, with estimated losses reaching 100 billion taka, according to economists Ahsan H. Mansur and Selim Raihan. The widespread unrest, which began on July 14 due to the quota reform movement, has not only inflicted financial damage but also exposed the government&#8217;s political [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":4660,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-4653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5"],"_links":{"self":[{"href":"https:\/\/hernet.news\/index.php?rest_route=\/wp\/v2\/posts\/4653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hernet.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hernet.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hernet.news\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/hernet.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4653"}],"version-history":[{"count":1,"href":"https:\/\/hernet.news\/index.php?rest_route=\/wp\/v2\/posts\/4653\/revisions"}],"predecessor-version":[{"id":4665,"href":"https:\/\/hernet.news\/index.php?rest_route=\/wp\/v2\/posts\/4653\/revisions\/4665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hernet.news\/index.php?rest_route=\/wp\/v2\/media\/4660"}],"wp:attachment":[{"href":"https:\/\/hernet.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hernet.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hernet.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}