Greenhouse gas emission from farm sector likely to rise

Former BIDS research director M Asaduzzaman says in a paper
21 December 2023, 15:00 PM

Forex reserves rise by $1.51 billion in a week

Reserves stood at $20.68 billion on Dec 20
21 December 2023, 12:40 PM

Russia splashes $12 billion to keep aviation sector in the air

Russia has handed out more than $12 billion in state subsidies and loans to keep its aviation sector afloat since Western sanctions over Moscow's invasion of Ukraine cut off supplies of key parts and maintenance services, a Reuters analysis shows.
21 December 2023, 08:18 AM

Asia feels the sting of India's onion export ban

India's ban on the export of onions has driven up prices of the vegetable for Asian buyers, who are scrambling for cheaper alternatives, particularly as New Delhi is unlikely to lift the curbs before general elections next year.
21 December 2023, 05:43 AM

Toyota recalling 1.12 million vehicles over potential air bag issue

Toyota Motor said on Wednesday it will recall 1.12 million vehicles worldwide because a short circuit in a sensor could cause air bags not to deploy as designed.
21 December 2023, 05:37 AM

Samsung to set up chip packaging research facility in Japan

South Korea's Samsung Electronics will invest around 40 billion yen ($280 million) over five years in a facility for research into advanced chip packaging it will set up in Japan, according to an announcement by the city of Yokohama.
21 December 2023, 05:29 AM

World Bank releases $250 mn to boost Sri Lanka reforms

The World Bank Wednesday released $250 million to support bankrupt Sri Lanka's tough economic reforms
20 December 2023, 10:55 AM

Toshiba delisted after 74 years, faces future with new owners

Toshiba was delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan's biggest brands and ushered in a buyout and an uncertain future.
20 December 2023, 06:06 AM

China leaves lending benchmark rates unchanged as expected

China stood pat on benchmark lending rates at the monthly fixing on Wednesday, matching market expectations, after the central bank kept its medium-term policy rate steady earlier last week.
20 December 2023, 06:00 AM

Ctg-based lighter vessel owners announce split from Water Transport Cell

They will operate separately under the Inland Vessel Owners Association of Chattogram
19 December 2023, 16:57 PM

ADB cuts Bangladesh's GDP growth forecast to 6.2%

The Asian Development Bank (ADB) has revised downward the growth forecast for Bangladesh’s economy to 6.2 percent for the current fiscal year ending in June 2024..“This is due to moderate growth in exports and manufacturing amid an economic slowdown in major export markets, power and energy
19 December 2023, 15:19 PM

Indo-Bangla meetings of shipping secretaries begin

The event is going on at Intercontinental Hotel in Dhaka
19 December 2023, 15:13 PM

World's No.2 sugar producer India may need imports in 2025

India is set to ban exports in the crop year that started in October and may even be forced to import in the following year as farmers turn to other crops
19 December 2023, 11:17 AM

Red Sea attacks force rerouting of vessels, disrupting supply chains

Attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea are disrupting maritime trade and prompting US efforts to build a coalition to deal with the threat, as freight firms reroute around the Cape of Good Hope to avoid the Suez Canal.
19 December 2023, 07:20 AM

Apple to halt US sales of Series 9, Ultra 2 smartwatches over patent dispute

Apple said on Monday it would pause sales of its Series 9 and Ultra 2 smartwatches in the United States from this week, as it deals with a patent dispute over the technology that enables the blood oxygen feature on the devices.
19 December 2023, 07:00 AM

Singapore's Atomionics taps gravity, AI in hunt for critical minerals

Singapore-based start-up Atomionics has had the first commercial deployment of its technology that uses gravity and artificial intelligence to define ore bodies, potentially cutting costs and speeding up minerals projects key to the energy transition.
19 December 2023, 06:40 AM

Panama says its canal produced record revenue despite drought

The Panama Canal delivered $2.5 billion to the national treasury for last year's operations, the government said Monday, despite record-low water levels that limited ship transits.
19 December 2023, 05:50 AM

How Swiss authorities bungled Credit Suisse oversight

About six months before Credit Suisse was sold to rival UBS in a weekend rescue, the head of the Swiss central bank wanted to inject 50 billion Swiss francs ($57.6 billion) into the lender and nationalise it, according to three sources with direct knowledge of the matter.
18 December 2023, 18:20 PM

Corrective financial measures needed to boost economy: DCCI president

The economy is facing certain challenges pertaining to inflation and it is of utmost importance to tame inflation at whatever costs necessary, especially food inflation
18 December 2023, 13:01 PM

Sugar price will remain stable: commerce minister

Sugar price may reduce if US dollar rates fall, he says
18 December 2023, 12:24 PM