City's Bernardo Silva and Mateo Kovacic both misfired in the shootout to put Madrid in the driving seat
Monika Chakma struck the decisive goal for the visitors in Friday’s Group B encounter at the Mandalarthiri Stadium in Myanmar.
The midfielder scored directly from a corner kick in the 57th minute of the game which took Bangladesh to the top spot in Group B.
Bangladesh had thumped the Phillipines 10-0 in their opening group game. The team face China on Sunday in a match that will decide the winners of Group B.
China booked their passage to the AFC U-16 Women’s Championship after an emphatic 7-0 win over the Phillipines.