Key View

• Robust economic expansion and rising health expenditure will support medical device market growth of 14.9% in 2019 and 13.6% in 2020 in local currency terms.
• Local currency depreciation will temper medical device import growth.
• The growing domestic industry will support medical device exports.

Economic Expansion Will Support Market

Key View

• We at Fitch Solutions believe that rising non-performing loans (NPLs) will continue weighing on the asset quality and profitability among Bangladesh’s state-owned commercial banks (SCBs)
• Our view for rising NPLs among SCBs is driven by ongoing government priority lending mandates, the lack of adequate risk management mechanisms, the

Key View

• We expect Bangladesh's real GDP growth to slow to 7.2% in FY2018/19 (July - June), from 7.7% in FY2017/18, due to a likely moderation in garment export growth.
• However, the construction sector, which we expect to remain an outperformer in FY2018/19 due to the implementation of mega-projects, will likely continue to support growth over

Key View:

• Towercos will allow operators to rationalise capital expenditure and 4G investment spending.
• Operators to free-up funds through divestment of transmission assets and focus spending on service differentiation.

The Latest:

Subject to ministry approval, the Bangladesh Telecommunications Regulatory Commission (BTRC) will award tower

We believe that support for the Awami League government is likely to remain strong at the parliamentary elections which must be held by end-2018. This is likely to be supported by the populist FY2018/19 (July-June) budget, which saw a significant increase in planned spending that is targeted at the rural agriculture community and social development

BMI View : Hyundai's plans to set up a CV production base in Indonesia will allow it to compete more price competitively in the local market but will face strong competition from the dominance of Japanese automakers. Robust CV demand across the ASEAN region will, therefore, provide a sales outlet from a challenging domestic market for the company's