In a move aimed at enhancing the competitiveness of Bangladesh’s leather sector, the government is considering a reduction in the source tax on leather goods exports from 1% to 0.5%. The potential tax cut is anticipated to boost the leather industry, which has faced challenges in accessing certain markets and competing on pricing due to […]
Read MoreIn a landmark development, India and the European Free Trade Association (EFTA), comprising non-European Union nations such as Norway, Switzerland, Iceland, and Liechtenstein, have officially inked a historic $100-billion free trade agreement. The deal, named the India-EFTA Trade and Economic Partnership Agreement (TEPA), is set to usher in a new era of economic collaboration, with […]
Read MoreChina, the world’s second-largest economy, experienced a positive turn of events as consumer prices rose in February for the first time since August, according to data from Beijing’s National Bureau of Statistics (NBS). The 0.7 percent increase, higher than the expected 0.3 percent, provided a rare bright spot amid challenges such as the lowest growth […]
Read MoreUAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan has expressed a keen interest in elevating the diplomatic ties between the United Arab Emirates (UAE) and Bangladesh to a strategic partnership. The announcement came during a bilateral meeting held today at the royal palace in Al Ain, Abu Dhabi. Sheikh Abdullah proposed the signing of […]
Read MorePrime Minister Datuk Seri Anwar Ibrahim announced a significant boost to Malaysia’s economic landscape as major Australian corporations express a keen interest in investing up to RM24.5 billion in the country. During a fruitful meeting in Melbourne, Anwar engaged with over 20 Australian companies on the second day of his official visit to Australia. Among […]
Read MoreIn a seismic development that has sent shockwaves through Vietnam, Truong My Lan, the formidable figure behind the Van Thinh Phat Group, faces an impending trial over allegations of orchestrating a staggering $12 billion fraud. The case, set to commence on March 5, highlights the potential challenges the Vietnamese government faces in safeguarding its financial […]
Read MoreIn a significant economic shift, foreign trade in Turkish lira witnessed an impressive surge, marking a 39.4% increase to 207.7 billion Turkish liras ($6.6 billion) year-on-year during the initial two months of 2024. The Trade Ministry’s data, compiled by Anadolu, paints a vivid picture of the currency’s growing prominence in international transactions. Exports in February […]
Read MoreIndia’s economic expansion likely moderated but remained strong in the September quarter, supported by robust service activity and solid urban demand despite a global slowdown dampening export growth, according to a Reuters poll of economists. Gross domestic product (GDP) growth is forecast to have slowed to 6.8% in the July-September quarter from 7.8% in the […]
Read MoreTHE historic warming of ties between South Korea and Japan took a new turn when the leaders of the two countries stood together and told a US audience they were looking at ways to strengthen their economic bonds. Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk-yeol told a group of entrepreneurs at […]
Read MoreTokyo : Japanese households will see their budgets further squeezed by a new wave of price hikes scheduled for October on food and services, while freelancers and those self-employed may have to shoulder higher tax burdens under a new invoice system. The persisting effects of a weaker yen, which inflates the prices of imported raw materials, […]
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