Import disruptions cripple Banglabandha land port operations

Protests by Indian truck operators over online slot-booking issues caused the disruption
6 January 2025, 11:52 AM

Foxconn beats estimates with record fourth-quarter revenue on AI demand

Revenue for Apple's biggest iPhone assembler jumped 15.2 percent to T$2.13 trillion ($64.72 billion), Foxconn said in a statement on Sunday
5 January 2025, 09:04 AM

AI will become a Madison Avenue sensation in 2025

Even companies such as Netflix and Amazon, which until recently relied mainly on subscriptions, are getting in on the action
5 January 2025, 06:28 AM

China's central bank vows 'moderately loose' monetary policy

Beijing last year struggled to lift the economy out of a slump fuelled by a property market crisis, weak consumption and soaring government debt
5 January 2025, 06:21 AM

Microsoft expects to spend $80b on AI this fiscal year

Microsoft president Brad Smith on Friday said the company is on track to pump about $80 billion into artificial intelligence (AI) this fiscal year.
4 January 2025, 18:00 PM

Container handling at private ICDs rose 16% in 2024

KDS Logistics managed to retain its top position among ICDs in handling export and import containers in 2024
4 January 2025, 13:55 PM

US regulator warned banks on crypto but did not order halt to business

A judge ordered the Federal Deposit Insurance Corporation to provide versions of supervisory "pause letters", it sent to unidentified banks after History Associates Incorporated, a research firm hired by crypto exchange Coinbase, sued the agency to release them
4 January 2025, 06:51 AM

US manufacturing contraction improved in December

The Institute for Supply Management's (ISM) manufacturing index was 49.3 percent last month, up 0.9 percentage points from November, it said in a statement.
4 January 2025, 06:12 AM

Asia stocks begin year on cautious note

Equities mostly had a bumper 2024 on the back of enthusiasm about artificial intelligence (AI), cuts in borrowing costs by central banks and Donald Trump's presidential election win.
2 January 2025, 05:43 AM

Asia's factories end 2024 on weak footing as Trump 2.0 risks mount

A series of manufacturing purchasing managers' indexes for December from across the region published on Thursday showed factory activity slowing in China and South Korea although there were some signs of a pickup in Taiwan and Southeast Asia.
2 January 2025, 05:37 AM

Eating out, air travel to turn costlier

From dining out and travelling by air to purchasing sweets and clothing, the small comforts in life are going to turn costlier for a hike in value added tax (VAT) on 43 goods and services.
1 January 2025, 18:00 PM

Bangladesh gets record $27 billion in remittance in 2024

Remittance inflow also broke single-month record in December
1 January 2025, 11:33 AM

Ample supply, slow demand to temper oil price gains in 2025: Reuters poll

The survey of 31 economists and analysts predicted that Brent crude would average $74.33 per barrel in 2025, down from a forecast of $74.53 in November, marking an eighth straight downward revision.
1 January 2025, 07:07 AM

Global markets rode AI, interest rate roller coaster in 2024

Donald Trump's victory in the US presidential election gave Wall Street even more of a boost on hopes he will follow through on pledges of deregulation and tax cuts
1 January 2025, 07:00 AM

China manufacturing activity grows for third straight month

China's Purchasing Managers' Index (PMI) was 50.1 in December, marking a third consecutive month of expansion
31 December 2024, 07:09 AM

Ctg port posts record in container handling

A rise in foreign trade is helping the port recover from the global economic downturn
30 December 2024, 14:06 PM

Japan's factory activity shrinks at slower pace, PMI shows

New orders contracted for the 19th straight month on subdued demand in both domestic and key overseas markets
30 December 2024, 10:07 AM

Bangladesh should harness expertise of NRBs to thrive globally: foreign adviser

Bangladesh should enhance the quality of its workforce, embrace innovation, upskill the labour force and harness the expertise of the non-resident Bangladeshis (NBRs) to thrive globally, Foreign Adviser Md Touhid Hossain said today..With improved ICT infrastructure and strategic rebranding
29 December 2024, 14:24 PM

Transport workers’ strike hits importers hard

1.5 million tonnes of imported goods got stuck at 50 ports
28 December 2024, 13:03 PM

Political turmoil shakes South Korea's economy

The won, which plunged Friday to its lowest level against the dollar since 2009, has been in near-constant decline since President Yoon Suk Yeol's attempt to scrap civilian rule in early December.
28 December 2024, 07:36 AM