Oil prices climb

Oil prices rose by more than $1 a barrel on Wednesday as markets focused on supply tightness heading into winter and a "soft landing" for the US economy.
27 September 2023, 23:09 PM

Toyota plans third India plant

Toyota Motor plans to build a third car plant in India, expanding production capacity in the country for the first time in over a decade as its partnership with Suzuki Motor boosts domestic volumes, two sources said.
27 September 2023, 19:28 PM

Bangladesh slips three notches in Global Innovation ranking

The country was ranked 105th in the latest GII, down from 102nd a year ago
27 September 2023, 19:13 PM

Forex reserve shrinks by $300 million in a week

The reserves hit $21.15 billion on Sep 26
27 September 2023, 13:21 PM

Indonesia bans goods transactions on social media platforms

Indonesia has banned goods transactions on social media platforms in a new regulation, its trade minister said Wednesday, as Jakarta aims to rein in direct sales on major platforms it says are harming millions of small businesses.
27 September 2023, 11:12 AM

How serious is Russia's fuel export ban and who will be hit?

Russia said on September 21 it had temporarily banned gasoline and diesel exports to all but four ex-Soviet states in response to domestic shortages, a move that will disrupt global trade that has already had to adjust to Western sanctions on Russian fuel exports.
27 September 2023, 06:45 AM

Shutdown looms as US Senate, House take dueling tacks on funding

The US Senate on Tuesday took a step forward on a bipartisan bill meant to stop the government from shutting down in just five days, while the House sought to push ahead with a conflicting measure backed only by Republicans.
27 September 2023, 06:32 AM

Global aluminium output hits record high

Global production of primary aluminium hit an all-time high in August, with the world's smelters running at an annualised rate of 71.2 million metric tons..It was the second consecutive month that run-rates were above the 70-million metric ton mark. Prior to July the level had been exceede
26 September 2023, 19:46 PM

‘BB governor worse performer than 70 countries’ central bank chiefs’

New York-based Global Finance magazine finds, reviews performance of central bank chiefs of 102 countries.
26 September 2023, 19:28 PM

Nearly 22,000 MFS accounts blocked for hundi, online gambling

The BFIU says in a meeting with commercial bankers
26 September 2023, 16:07 PM

No forward forex contract for over three months: BB

The forward forex rate will be Tk 113.85 a US dollar
26 September 2023, 14:56 PM

None communicated yet regarding ACU payment restriction: BB

The Bangladesh Bank (BB) is yet to receive any official communication neither from the US authorities nor from the Asian Clearing Union (ACU) regarding restriction on processing payments linked to the ACU.
26 September 2023, 14:09 PM

India to cut floor price for basmati rice exports - sources

India will cut the floor price for basmati rice exports in the coming days, sources familiar with the matter said, after millers and traders complained about a sharp drop in overseas sales of the premium aromatic grain.
26 September 2023, 08:45 AM

How reform can aid growth and green transition in developing economies

Many emerging markets and developing economies face threats to economic growth and limited policy space due to high inflation, rising debt, and balance of payments pressures. These challenges mounted during the pandemic and were further intensified by Russia's war in Ukraine.
26 September 2023, 07:09 AM

Bangladesh starts exporting printed circuit boards

While already established as a major player in garment and pharmaceutical exports, Bangladesh is now expanding its presence in the global market for high-tech circuitry, namely printed circuit boards (PCBs).
26 September 2023, 02:30 AM

German business morale weak in Sept

German business sentiment fell less than expected in September but it was the fifth consecutive decline, a key survey showed Monday, as Europe’s biggest economy struggles to recover from a recession.
25 September 2023, 18:00 PM

India could sell more wheat in open market

The Indian government could sell more wheat in the open market to control prices that have reached their highest in nearly eight months, the country’s food secretary said on Monday.
25 September 2023, 18:00 PM

Malaysia boosts exports of palm oil to China

Malaysia will increase palm oil exports to China by 500,000 tons a year as it faces pressure from new European Union restrictions targeting deforestation, a senior minister told AFP on Monday.
25 September 2023, 18:00 PM

Will Bangladesh benefit from trade in rouble?

Russia has included Bangladesh on its list of friendly and neutral countries, a development that would allow its local banks and brokers to settle trade transactions in the rouble.
25 September 2023, 02:00 AM

China cenbank adviser for structural reforms

China has limited room for further monetary policy easing, and it should pursue structural reforms such as encouraging entrepreneurs rather than counting on macroeconomic policies to revive growth, a central bank adviser said on Sunday.
24 September 2023, 18:00 PM