Higher inflation coupled with the COVID-19 pandemic pushed nearly 68 million people in Asia into extreme poverty as of last year, according to a report published by the Asian Development Bank (ADB). An estimated 155.2 million people in developing Asia, which is 3.9% of the region's

The United States has charged two cofounders of the cryptocurrency mixer Tornado Cash with money laundering and other crimes a year after authorities banned the Russian-founded platform over its alleged support of North Korean hackers. Roman Semenov and Roman Storm have been charged

China has long been the engine of global growth. But in recent weeks, its economic slowdown has alarmed international leaders and investors who are no longer counting on it to be a bulwark against weakness elsewhere. In fact, for the first time in decades, the world’s second

Sri Lanka repaid $50 million of loans taken from Bangladesh, which is one fourth of the $200 million given by Dhaka in 2021. Md Mezbaul Haque, executive director and spokesperson of the central bank confirmed the matter on Tuesday (August21). He said Bangladesh Bank received the

China's central bank has cut its key interest rates for the second time in three months as the world's second-largest economy struggles to recover from the impact of the pandemic. The People's Bank of China (PBOC) lowered its one-year loan prime rate to 3.45% from 3.55%.

In a significant step towards realising the government's vision of a smart economy, Sonali Bank, the country’s largest state-owned bank, has adopted cutting-edge technologies across both conventional and digital platforms.   This move underscores the bank's

India in a move to tame down rising prices of onions in the domestic market has declared the imposition of 40 percent duty on the export of the crop till December 31. The announcement came in an Indian finance ministry notification issued on Saturday. The export duty comes amid

The Bangladesh Jeweller's Association (Bajus) on Sunday (August 17) announced a reduction in gold prices by Tk1,750 per bhori.  According to a Bajus press release, the price cut comes as a result of a decline in the local market value of pure gold.  The Bajus took the

Vietnamese electric vehicle (EV) maker VinFast's stock market valuation has soared above Ford and General Motors (GM) on its first day of trading. Shares in the firm, which has yet to make a profit, closed above $37 (£29) each in their New York's debut. That gave

Bashundhara Group has taken a significant stride towards revolutionizing the maritime industry with its latest collaboration. Bashundhara Group's IT division today (August 16) signed a pivotal agreement with Magnetism Tech Ltd. for the development of an ERP software solution aimed at

The price of bottled soybean oil has been reduced by Tk5 to Tk174 per litre. The price of bottled soybean oil decreases by Tk 5 a litre as bottled soybean will be sold at Tk 174 The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association adjusted the price of

A commercial ship MV Bashundhara Impress on Sunday (August 13) arrived at Mongla port with 31,700 metric tonnes (MT) of coal from Indonesia. The Rampal thermal power plant will go back into production soon with this coal. The ship anchored at jetty no-12 of the port's Harbaria

The Trading Corporation of Bangladesh (TCB) will start selling essential commodities from tomorrow (August 13) at subsidized prices as part of its selling operations for the month of August. The TCB will sell such essential items among some one crore family cardholders across the

Indian High Commissioner Pranay Verma highlighted the importance of regional cooperation under BIMSTEC in the context of the current global uncertainties. He underscored that the India-Bangladesh relations is an important anchor of the cooperation architecture of BIMSTEC. Verma was

The oath and introduction ceremony for the newly formed body of Narayanganj unit Bangladesh Jeweller's Association (BAJUS) was held on Sunday. The meeting was held at the local Food Fantasy restaurant on Bangabandhu Road in Narayanganj city. Presided over by the newly-elected

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of a 12kg liquefied petroleum gas (LPG) cylinder by Tk 141 to Tk 1,140 for the month of August. In July, the price was Tk 999.  BERC chairman Nurul Amin announced the new price at a press conference

Bangladeshi remitters sent home nearly $1.75 billion (Tk18,978 crore) during the first 28 days of July marking a hopeful sign for the economy amid the ongoing dollar crisis.    According to the latest central bank data released on Sunday, Bangladeshis working or living abroad

The election to the Board of Directors of the  Federation of Bangladesh Chambers of Commerce of Industry (FBCCI) for the 2023-2025 term would be held tomorrow (July 31) at the Bangabandhu International Conference Center (BICC) in the capital.  A total of 34 directors -- 17

Gig workers have welcomed a new law in India’s largest state Rajasthan to impose a tax on revenue earned by digital platforms that operate in the state, including global giants Uber and Amazon, even as industry groups have warned it will eventually hurt customers and derail business

The government has picked 73 export-oriented companies to award with the National Export Trophy for the 2020-21 fiscal for earning the highest amounts of foreign currencies. Of the recipients, who represent 32 sectors, 28 won the award in the gold category, 25 in the silver category