Nine Bangladeshi garment makers take part in Texworld Paris

The three-day showcase ended on February 8
9 February 2023, 13:47 PM

Deutsche Bank opens representative office in Dhaka

The leading global bank joins over 70 other German companies already present in Bangladesh
9 February 2023, 12:50 PM

Japan wants to invest in sugar industry, biomass power

Japan Bank for International Cooperation’s Governor Nobumitsu Hayashi expresses the interest
9 February 2023, 09:26 AM

French energy giant puts on hold $50b hydrogen project with Adani

TotalEnergies is one of the biggest foreign investors in billionaire Gautam Adani's business empire
8 February 2023, 15:46 PM

Global energy prices drop, non-energy inch up in January

According to World Bank’s Pink Sheet, a monthly report that monitors commodity price movements
8 February 2023, 14:52 PM

‘More China-funded mega projects coming to Bangladesh’

Newly-appointed Chinese Ambassador Yao Wen says in meeting with Planning Minister MA Mannan
7 February 2023, 15:19 PM

55 Bangladeshi firms participate in world’s biggest fair Ambiente

Bangladesh was the second largest participant of the trade show after India among the South Asian nations
7 February 2023, 14:01 PM

Daraz Group to reduce 11% of workforce

Daraz Bangladesh will also lay off dozens of employees as part of the plan of its mother organisation, Daraz Group
7 February 2023, 11:03 AM

Indonesia president warns financial regulator to boost supervision after Adani rout

Indonesian President Joko Widodo urged on Monday his country's financial regulator to strengthen supervision on capital markets in the wake of the crisis at India's Adani Group.
6 February 2023, 07:45 AM

Adani Group plans to trim its capital spending plans: Report

India's Adani Group plans to trim its capital spending plans, newspaper Mint reported today citing people close to the development, days after the conglomerate's flagship firm called off a $2.5 billion share sale.
6 February 2023, 05:30 AM

New window to be introduced for Islamic banks’ liquidity support

The Bangladesh Bank will introduce another tool to provide liquidity support to the cash-strapped shariah-based banks in order to cushion their ailing financial health.
5 February 2023, 15:53 PM

GDP grows 7.1%, but falls below provisional data

Bangladesh logged higher growth in gross domestic product (GDP) in 2021-22 fiscal year compared to the previous year, but it was 15 basis points below the provisional estimate.
5 February 2023, 15:16 PM

Idcol to get €140.5 million from German bank

The Infrastructure Development Company Limited (Idcol) is all set to get €140.5 million from German Development Bank Kreditanstalt fur Wiederaufbau (KfW) -- €41 million for energy efficiency and €99.5 million for renewable energy projects.
5 February 2023, 11:06 AM

Adani Enterprises shelves $122 mn bond plan

Adani Enterprises Ltd has shelved a plan to raise as much as 10 billion Indian rupees ($121.65 million), Bloomberg News reported on Saturday.
4 February 2023, 14:33 PM

Weak financial system always a problem for economic management

The immediate outlook for the new year is not as bad as had been predicted before. The Chinese economy is opening up, the industrialised West is adjusting and realigning their economies to the new realities, and a global economic recession does no longer seems inevitable.
4 February 2023, 12:00 PM

US unemployment rate lowest since 1969

US job growth accelerated sharply in January while the unemployment rate hit more than a 53-1/2-year low of 3.4 percent, pointing to a stubbornly tight labor market, and a potential headache for Federal Reserve officials as they fight inflation.
4 February 2023, 03:24 AM

Adani issue a ‘storm in a tea cup’

The Indian government yesterday termed the stock market turmoil sparked by a sharp fall in the values of Adani Group a "storm in a teacup" as a ruckus over the issue disrupted the proceedings of both Houses of the Indian parliament for the second successive day.
3 February 2023, 13:26 PM

Adani denies rise due to relation with Modi

Beleaguered Indian tycoon Gautam Adani denied today that his rise to become Asia's richest man -- a title he has lost in a phenomenal stock rout -- was due to Prime Minister Narendra Modi, as shares in his conglomerate slumped again.
3 February 2023, 05:42 AM

Bangladesh Bank sells US dollar at Tk 101 for first time

Bangladesh Bank has sold US dollar at Tk 101 each to banks for the first time, giving indication that it is likely to devalue the local currency to reflect the market reality.
2 February 2023, 13:23 PM

IMF releases $476.27 million as first loan instalment for Bangladesh

The International Monetary Fund (IMF) has disbursed $476.27 million to Bangladesh as the first instalments of $4.7 billion loan it approved early this week.
2 February 2023, 13:01 PM