US Commerce Secretary Announces Over $1 Billion Investment in Philippines, Signals Strengthened Economic and Strategic Ties

In a landmark move bolstering economic cooperation and strategic partnership, United States Commerce Secretary Gina Raimondo unveiled plans for US companies to invest over $1 billion in the Philippines during her official visit to Manila. Raimondo’s visit marks the initiation of a two-day trade and investment mission, representing the first of its kind for the […]

Read More
by Mahadi

Oil Prices React to Geopolitical Tensions and Chinese Demand Concerns

Global oil prices experienced a decline on Monday, with Brent futures slipping below $82 a barrel, driven by a combination of persistent geopolitical concerns in the Middle East and uncertainties about softening demand in China. As of 1222 GMT, Brent futures were down 31 cents at $81.77 a barrel, while US West Texas Intermediate (WTI) […]

Read More
by Mahadi

Bangladesh Government Mulls Halving Export Tax on Leather Goods

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 More
by Mahadi

India-EFTA Pact Marks Historic $100 Billion Free Trade Agreement, Boosting Mutual Growth

In 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 More
by Mahadi

UAE Foreign Minister Proposes Strategic Partnership with Bangladesh

UAE 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 More
by Mahadi

Australian Companies Eager to Inject RM24.5 Billion into Malaysia, Affirms PM Anwar Ibrahim

Prime 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 More
by Mahadi

Vietnam’s Wealth Explosion Marred by Landmark Fraud Case Against Property Tycoon

In 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 More
by Mahadi

Turkish Lira Takes Center Stage: Exports Surge and Global Expansion in Trade Currency

In 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 More
by Mahadi

India to remain fastest-growing major economy, but demand uneven: Reuters poll

India’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 More
by Masum Billah

You May Missed