Bangladesh’s dependence on US soybeans growing

Bangladesh’s dependence on the US for soybeans has been increasing, particularly after the outbreak of the Russia-Ukraine war, with local traders, millers and conglomerates diversifying their sourcing for uninterrupted supply of edible oil and animal feed.
20 August 2024, 18:00 PM

China’s biodiesel producers seek new outlets amid hefty EU tariffs

Chinese biodiesel producers are seeking new outlets in Asia for their exports and exploring producing other biofuels as supply to the European Union, their biggest buyer, dries up ahead of anti-dumping tariffs, biofuel executives and analysts said.
19 August 2024, 18:00 PM

BGMEA’s opposition panel demands cancellation of existing board

The Forum wants intervention of the commerce adviser and a re-election at the garment makers’ platform
19 August 2024, 15:20 PM

Near 12% of India’s tested spice samples fail quality, safety standards

Hong Kong suspended sales of some blends of the MDH and Everest, two popular Indian brands, in April over high levels of a pesticide
19 August 2024, 06:51 AM

Malaysia announces adopt-an-orangutan plan for palm oil importers

In May, Malaysia put forward a plan to send orangutans abroad as trading gifts in an effort to allay concerns about the impact on the animals' habitat of palm oil production
19 August 2024, 06:22 AM

Japan firms see Harris presidency as better for business than Trump

More Japanese companies believe a Kamala Harris presidency in the US would be better for their businesses than a second Donald Trump administration, a Reuters survey showed on Thursday, reflecting the respondents concerns about protectionism and policy unpredictability.
18 August 2024, 18:00 PM

World Bank, ADB urged to continue funding logically acceptable projects

Finance Adviser Salehuddin Ahmed says after meeting with ADB
18 August 2024, 09:03 AM

Foxconn chief defends India hiring after report that it rejects married women

The company has opened a multi-storey hostel complex, which is exclusive to 18,720 Foxconn women workers, near Chennai of India
18 August 2024, 06:03 AM

China, Saudi Arabia top buyers of Russian fuel oil

China and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in July, traders said and LSEG data showed on Friday.
17 August 2024, 18:00 PM

China youth unemployment jumped to 17.1% in July

Youth unemployment in China ticked up to 17.1 percent in July, official figures showed, the highest level this year as the world’s second-largest economy faces mounting headwinds.
17 August 2024, 18:00 PM

Japan’s economy rebounds in Q2

Japan’s economy has rebounded, government data showed Thursday, in welcome news for its next prime minister following Fumio Kishida’s decision to quit.
15 August 2024, 18:00 PM

China’s underwhelming data dampens hope of economic recovery

Chinese industrial production growth slowed in July while unemployment rose, official data showed Thursday, highlighting an uneven recovery in the world’s second-largest economy despite recent government measures to try to stimulate expansion.
15 August 2024, 18:00 PM

Uncertainty remains heightened in Bangladesh amid political transition: Fitch

The American rating agency assumes the effects to be temporary, and that political stability is restored and sustained
15 August 2024, 08:25 AM

Russia slaps ban on petrol exports again

The Russian government announced Wednesday that it was reintroducing a ban on petrol exports for another six months to “maintain a stable situation” on the domestic fuel market after major price hikes.
14 August 2024, 18:00 PM

No respite for China as economy shows new signs of weakness

A recent string of dismal indicators have dulled expectations for China’s economic performance in July, in an ominous sign for the rest of 2024 and pointing to the need for more stimulus measures beyond plastering over pain points in the world’s second-largest economy.
14 August 2024, 18:00 PM

Long-haul bus operators still in a tight corner

Although long-haul bus services in Bangladesh resumed five days ago, the number of passengers is still low as people are avoiding travel due to security concerns, according to industry insiders.
14 August 2024, 18:00 PM

$600 million taken in loans from Export Development Fund defaulted

Dhaka-based firms defaulted most of the amount at $558.7 million and Chattogram-based ones $29.7 million
13 August 2024, 08:26 AM

Stocks fall breaking a four-day gaining streak

The DSEX declined 1.39% before closing the day at 5,932.28 points
12 August 2024, 12:03 PM

Bangladesh power use grows as searing heat eclipses economic disruption

Bangladesh's electricity demand grew 7 percent over three weeks of deadly nationwide protests that disrupted industrial and commercial activity, data showed, as households cranked up air-conditioners to cool down amid searing heat
12 August 2024, 10:50 AM

Malaysia's palm oil stocks hit 4-month low in July as exports surge

The fall in stocks in Malaysia, the world's second-largest palm oil producer after Indonesia, would support benchmark futures <FCPOc3>, which are trading near their lowest level in seven months.
12 August 2024, 08:49 AM