Vietnam eyes China model to seek index upgrade, boost investment

Vietnam is planning to relax its stock market settlement procedures for foreign investors, a critical measure to convince equity index managers to upgrade the country to emerging market status and attract hundreds of millions of dollars of new investment, sources said.
25 October 2023, 07:07 AM

Oil dips as economic concerns offset Middle East supply worries

Oil fell for a fourth day on Wednesday as concerns about slowing European demand offset worries about Middle East supply disruptions stemming from the Israel-Hamas conflict in Gaza.
25 October 2023, 06:58 AM

IMF concerned for loss of lives, economic slowdown from Mideast conflict, chief says

 The Internatinal Monetary Fund (IMF) is concerned about the tragic loss of lives in the epicenter of the Israel-Gaza war and the destruction and reduction of economic activity, managing director Kristalina Georgieva said at an investment conference on Wednesday.
25 October 2023, 06:44 AM

Bandwidth import from India surges

Bandwidth imports from India have surpassed that from submarine cables due to a surge in internet usage, India’s more attractive pricing and enhanced redundancy, and the saturation of Bangladesh’s existing undersea cables’ capacity.
25 October 2023, 02:00 AM

Oil prices broadly stable

Oil prices were broadly stable on Tuesday following the previous session’s dip after a flurry of economic data from Germany, the wider euro zone and Britain sketched a bearish picture which could weigh on oil demand.
24 October 2023, 18:00 PM

Mideast war risks serious economic damage

The war between Israel and Hamas could deal a “serious” blow to global economic development, the president of the World Bank told an investor conference in Saudi Arabia on Tuesday.
24 October 2023, 18:00 PM

Global industry could save $437b a year

Global industry could save around $437 billion a year from 2030 via energy efficiency savings and could also achieve big reductions in carbon emissions, a study showed.
24 October 2023, 18:00 PM

Bitcoin soars to 18-month high

Bitcoin rose 6 percent on Tuesday to $35,198, its highest in nearly a year-and-a-half, on mounting speculation that an exchange-traded bitcoin fund is imminent.
24 October 2023, 18:00 PM

UK labour market loses steam

Britain’s labour market lost a bit more of its inflationary heat in the three months to August, data from the Office for National Statistics (ONS) showed on Tuesday, potentially helping the Bank of England to keep interest rates on hold next week.
24 October 2023, 18:00 PM

Sri Lanka approves free tourist visa for seven countries

Tourists from China, India, Russia, Japan, Thailand, Indonesia, and Malaysia will be issued free visas till March 31, 2024
24 October 2023, 15:10 PM

Oil price slips

Oil prices slipped on Monday as investors continued to focus on the situation in the Middle East, where diplomatic efforts are intensifying in an attempt to contain the conflict between Israel and Hamas.
23 October 2023, 18:00 PM

Russian and Chinese firms ink deals in various sectors

Chinese and Russian companies attending a regional conference in northeastern China signed a raft of cooperation deals on Monday in sectors ranging from manufacturing and logistics to e-commerce and agriculture, Chinese state media reported.
23 October 2023, 18:00 PM

Chinese retailers offer deep iPhone 15 discounts

Chinese e-commerce platforms including JD.com, PDD Holdings’ Pinduoduo and Alibaba’s Taobao are offering big discounts on Apple’s latest iPhone 15, with some going for up to 1,501 yuan ($205.14) below the retail price.
23 October 2023, 18:00 PM

Sri Lanka inflation eases to 0.8% in Sep

Sri Lanka’s consumer price inflation rate eased to 0.8 percent year-on-year in September from 2.1 percent in August, the statistics department said on Monday.
23 October 2023, 18:00 PM

Shipowners benefitting little from taka depreciation

The devaluation of taka has increased competitiveness of Bangladesh’s oceangoing ships
23 October 2023, 15:31 PM

Sri Lanka inflation continues falling

It hit 0.8% in September down from 2.1% in August
23 October 2023, 11:27 AM

Asia shares slip on Middle East woes, higher yields

Asian shares hit one-year lows Monday as the risk of a wider conflict in the Middle East clouded sentiment in a week laden with data on U.S. growth and inflation as well as earnings from some of the world's largest tech companies.
23 October 2023, 05:18 AM

US budget deficit widens

The US budget deficit has widened to $1.7 trillion, government data showed on Friday, in a development that could add pressure on President Joe Biden as he seeks reelection in 2024.
22 October 2023, 18:00 PM

China may further cut its US debt holdings

China may continue to cut its US debt holdings amid global worries over shrinking liquidity and safety risk of the assets and the country’s ramped-up efforts to diversify its foreign exchange reserves, experts said last week after reviewing the latest data from the US Treasury Department.
22 October 2023, 18:00 PM

Dhaka-Kolkata cruise will now set sail on Nov 20

MK Shipping Lines is planning to operate a cruise from Dhaka’s Sadarghat to Howrah of Kolkata, starting off on November 20. 
22 October 2023, 18:00 PM