Korea to give $814.91m for rail and road bridge

South Korea is set to provide a loan of $814.91 million to Bangladesh for the construction of a rail and road bridge across the Karnaphuli river at the Kalurghat point in Chattogram.
27 June 2024, 18:00 PM

Banks grab AI-generated tiger by the tail

For such a seismic force like AI,there’s little tangible sign yet that shareholders believe in the prospective value uplift for the industry.
27 June 2024, 13:32 PM

Ratings agency Fitch downgrades Maldives, warns of default

International credit rating agency Fitch downgraded the Maldives Wednesday and warned that South Asia's tourist paradise could be headed for a sovereign default on its foreign loans
27 June 2024, 13:29 PM

Bangladesh’s GDP to grow 5.7% in FY25

Bangladesh's gross domestic product (GDP) growth will decrease to 5.7 percent in 2024-25 from 5.8 percent in the current fiscal year while inflation will ease to 8 percent, according to the Mastercard Economic Institute (MEI).
27 June 2024, 11:05 AM

H&M net profit jumps 52% in second quarter

Chief executive Daniel Erver said the company had achieved its "best profit and cash flow for many years" in the April-to-June period, with profit after tax reaching five billion Swedish kronor ($473 million).
27 June 2024, 08:17 AM

Renata to sign deal with IFC for $60 million loan

The fund will be given as working capital
27 June 2024, 08:01 AM

US, Japan, South Korea vow strategic cooperation to boost security, economies

We are doubling down our efforts to work together, US Commerce Secretary Gina Raimondo said
27 June 2024, 06:55 AM

US consumer confidence ticks lower

US consumer confidence edged slightly lower in June amid rising concern about current and future business conditions, according to survey data published Tuesday.
26 June 2024, 18:00 PM

Sri Lanka seals partial debt deal

Cash-strapped Sri Lanka said Wednesday it had clinched a restructuring deal with a majority of bilateral lenders covering up to $5.8 billion in debt, a key step towards recovery after a 2022 financial crash.
26 June 2024, 18:00 PM

Global debt risks beginning to recede

The debt crisis risk that has overshadowed the global economy for four years is beginning to recede, the Paris Club of rich creditor nations said in its 2023 annual report on Wednesday.
26 June 2024, 18:00 PM
26 June 2024, 15:05 PM

RMG export to EU rises by 2% in 11 months

$21.64 billion worth of apparels were shipped to the European Union in the Jul-May period this fiscal year
26 June 2024, 14:35 PM

Deals next month with India, Myanmar for commodity import: Titu

The number of border haats will also be increased, State Minister for Commerce Ahasanul Islam Titu also said
26 June 2024, 13:49 PM

Sri Lanka to sign debt restructuring deal with creditor nations today

Sri Lanka will sign a debt restructuring agreement with a group of creditor nations on Wednesday, the government said in a major step to help stabilise the country’s finances following its economic crisis.
25 June 2024, 18:00 PM

Oil prices edge down

Brent crude fell on Tuesday while investors awaited US inflation data later this week, but prices held above the $85 level after the previous session’s gains on escalating geopolitical tensions and hopes of improved demand this summer.
25 June 2024, 18:00 PM

Chinese firm to invest $109m in Bepza EZ

Alpen Banyan Garments BD Company, a Chinese company, will invest $108.99 million to set up a woven and knit garment factory inside Bepza Economic Zone in Mirsharai of Chattogram.
25 June 2024, 18:00 PM

Boeing is just too big to jail

Justice isn’t always blind. When it comes to levying punishments on powerful companies, the challenge is to inflict enough pain that bad behavior is deterred, but not so much that it creates unintended suffering elsewhere. Boeing, an American icon in a heap of trouble, exemplifies that quandary.
25 June 2024, 18:00 PM

Gold price to hit one-month high tomorrow

Each bhori of 22-carat gold will cost Tk 118,355
25 June 2024, 15:40 PM

China's retail outlook dims after mid-year shopping festival flop

Retailers in China face a daunting near-term future after a disappointing mid-year online shopping festival that has also clouded the recovery prospects of the world's second-largest economy
25 June 2024, 12:34 PM

Boeing is just too big to jail

Prosecutors are recommending that the Department of Justice bring criminal charges against the $104 billion aviation company, according to sources cited by Reuters, for breaching the terms of its deferred prosecution agreement
25 June 2024, 12:29 PM