Asia

Mehdi Mahbub Uzbekistan, A country with 448,978 square kilometers area and around 33 million population, is the center of central Asia. The country which has a very colorful rich culture and heritage, also righteously boast for its trading history since it was one of...

Asian markets sank again on Thursday as investors grow increasingly pessimistic about the outlook for China-US trade talks, while a closely watched recession indicator hit a level not seen since just before the financial crisis. The pound remained under pressure after Prime Minister Boris Johnson forced an extended suspension of parliament,...

The government’s net borrowing from the banking system in the first 51 days of the current fiscal year (2019-2020) almost touched its net borrowing from the source in the entire last fiscal year (2018-2019). In the period from July 1 to August 20 of the current...

The World Bank will provide $185 million to Bangladesh to add up to 310 Megawatts (MW) in renewable energy generation capacity and mobilise private sector participation to meet the growing demand for electricity in the country. Bangladesh will sign a loan agreement with the global lender...

Bangladesh will insist on Facebook opening an office in Dhaka and getting a VAT registration from the National Board of Revenue when the government meets with officials of the social media giant in September, Post and Telecom Minister Mustafa Jabbar said yesterday. Facebook has approached the government...

The US-China trade dispute could lead to an influx of Chinese yarn, fabric and garments into Indonesia, potentially disrupting the so far stable levels of demand and supply in the country by pushing up supply, which would in turn depress prices and hurt local manufacturers, according to...

Exporters’ problem in getting duty drawback is set to be solved as the National Board of Revenue has decided to empower its Duty Exemption and Drawback Office in determining input-output coefficient for refunding the exporters. NBR in a recent meeting decided to amend the related rules so...

Asian equity markets tanked and the yuan hit an 11-year low yesterday after US President Donald Trump ramped up his trade war with China by hiking tariffs on more than half-a-trillion dollars’ worth of imports. However, dealers pared earlier steep losses after the president said the two...

Finance Minister AHM Mustafa Kamal on Sunday said that the government would not re-finance anymore to the state owned commercial banks to address their capital crunch. “There will be no more refinancing to the banks and that’s gone. This is now the story of the past …….these...

China will fight back against the latest US step to increase tariffs on Chinese goods, the ruling Communist Party’s People’s Daily said on Sunday amid an escalating trade war between the world’s two largest economies. ‘China is confident that it will follow its own path and do...