Asia

The government’s net borrowing from the banking system surged with the figure standing at Tk 33,586.94 crore in just four months (July-October) of the current fiscal year 2019-20 against Tk 535.90 crore in the same period of FY 2018-19. Economists said that a slowdown in sales of national savings...

As high as 97 percent of business enterprises in Bangladesh said they would expand their operations next year, buoyed by a strong economy and positive international trade prospects, according to the HSBC’s flagship Navigator report.  “Bangladeshi businesses are brimming with confidence,” said the report, which was launched...

Country’s premier bourse, Dhaka Stock Exchange (DSE), sustained the gaining streak for the fourth consecutive session. The broad index, DSEX closed at 4781.47 points yesterday with a gain of 9.55 points or 0.20 per cent. Besides, the two selective indices, Blue Chip index, DSE30 and the Shariah...

The current state of Bangladesh’s economy is not gloomy but it faces some major challenges such as rising bad loans, declining exports and stagnant private investment, a leading business chamber said yesterday. “Some areas of the economy like the banking sector, the stock market, exports of major...

China's consumer prices grew at their fastest rate in almost eight years in October driven by a spike in pork prices caused by an outbreak of African swine fever, according to official figures released Saturday. The consumer price index (CPI) -- a key gauge of retail inflation...

The Shenzhen Stock Exchange (SZSE) is going to introduce a new index at the Dhaka Stock Exchange this year to attract Chinese investors to the secondary market of Bangladesh’s premier bourse. An SZSE-led Chinese consortium, made up of Shenzhen and Shanghai stock exchanges, became the strategic partner of...

China was pushing US president Donald Trump to remove more tariffs imposed in September as part of a ‘phase one’ US-China trade deal, people familiar with the negotiations said on Monday. The deal, which may be signed this month by Trump and Chinese president Xi Jinping...

The inflow of remittances crossed US$6.0 billion in the first four months of the current fiscal year (FY) as the government started providing incentive to the beneficiaries against inward remittance. Depreciating mode of the local currency against the US dollar has also pushed up the flow of...

Chinese handset maker Oppo is all set to launch its “Made in Bangladesh” smartphones in the local market this month as its mobile assembly plant goes into commercial production.  This will allow local consumers to buy Oppo devices at reasonable prices and strengthen the Chinese company’s foothold...

Most Asian markets rose yesterday as traders overcame early jitters about the China-US trade talks that were fuelled by a report saying Beijing officials had raised doubts about the chances of a long-term deal. Investors were also spooked by a speech by Secretary of State Mike Pompeo,...