Asia

The cash incentive would be effective from July 1 this year Bangladesh Bank (BB) on Tuesday issued a circular on providing 2% cash incentive for money to be remitted through banking channel into the country. The cash incentive would be effective from July 1 this...

Expatriate Bangladeshis sent US$ 1,597.66 million remittances during the first month of the current fiscal 2019-20, which is apparently 21.20 per cent higher than the same period of the preceding year, according to a Bangladesh Bank (BB) data. The country received $1,318.18 million remittances during the July...

The incentive ranges between 10% and 20% The government will give cash incentive against export receipts of 11 new products from this fiscal year, taking the total number of export-oriented products eligible for the handout to 46.The decisions came on Monday at an annual...

The factory activity in China contracted in July for a third month amid a tariff war with US and weak domestic demand. According to a monthly index, released on Wednesday by an industry group, the China Federation of Logistics and Purchasing stood at 49.7 on a 100-point...

The Sri Lanka Apparel Exporters Association (SLAEA), with assistance from the Joint Apparel Association Forum Sri Lanka (JAAFSL), is urging the Board of Investment (BOI) to expedite formalities for setting up a dedicated textile processing zone. A request for allotment of 200 acres has been made to...

The earnings are 26.77% higher than the target of $5 billion set for the year, according to the Export Promotion Bureau (EPB) data released on Thursday Bangladesh's export earnings from services sector rose by 46.06% to $6.33 billion in the last fiscal year riding on higher...

The 3rd edition of Denimsandjeans India, held recently in Bangalore, witnessed the highest buyers’ turnout in its all 3 seasons. With over 40 exhibiting companies from over 7 countries, the show brought all the leading retailers, brands, buying houses and factories from India as well as overseas...

China’s economy continued to weaken in July, bolstering the case for greater policy support to shore up growth as talks over the trade dispute with the US continue. The slowdown is seen in a Bloomberg Economics gauge aggregating the earliest available indicators on market sentiment and business...

Asia markets were mostly down Monday, with investors cautious ahead of US-China talks in Shanghai this week and amid more civil unrest in Hong Kong. Two-day discussions begin on Tuesday with a Washington delegation led by White House Trade Representative Robert Lighthizer. But analysts are pessimistic about a resolution to the...

The central bank may set a 1.5 percentage points lower private sector credit growth target for the second half of the year amid the shrinking demand for credit. For instance, private sector credit growth hit a six-year low of 11.29 percent in June, according to data from...