Business & Commerce
At Chattogram port, Bangladesh's first sea-land integrated super-large oil storage and transportation system has been put into operation, with a 100,000-ton oil tanker unloading oil through the Chinese-built single-point mooring (SPM) system.The SPM system project was completed by builders from ...
National,Front Page
Remittances from Bangladeshi people living and working overseas totaled nearly 9 billion U.S. dollars in the July-November period of the current fiscal year 2023-24 through next June, a central bank official said Monday.Quoting provisional Bangladesh Bank (BB) data, the official who asked not to be ...
The Central Bank of Sri Lanka has decided to reduce its Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 100 basis points to 9.00 percent and 10.00 percent, respectively, it said in a statement on Friday.The central bank said its monetary policy board arrived at...
McDonald's recently announced a decision to buy private equity firm Carlyle's entire 28 percent stake in its China business, which was sold by the burger chain in 2017.The reacquisition, which will increase McDonald's holding to 48 percent, has shown its confidence in the Chinese consume...
Herbert Darwin Mangatas, director of PT Gapura Segara Borneo, an Indonesian freight shipping agency, came to China's Tianjin in search of potential business partners."There are one or two Chinese companies asking for some collaborations. I hope we can have some dealings," Mangatas said...
China is certain to become the world's largest automobile exporter this year, as its auto exports in the first 10 months hit 3.9 million units, an official with the China Council for the Promotion of International Trade said here Friday.Wang Xia, head of the council's automotive sub-council,...
China will continue to relax market access and provide a level playing field for foreign investors, the country's top economic planner said Thursday.The country will shorten its negative list for foreign investment in a reasonable manner, and scrap all restrictions for foreign investors entering...
World
An earthquake with a magnitude of 5.2 jolted Mindanao, Philippines at 0010 GMT on Tuesday, the GFZ German Research Center for Geosciences said.The epicenter, with a depth of 10.0 km, was initially determined to be at 6.18 degrees north latitude and 124.76 degrees east longitude....
The number of registered private companies nationwide reached more than 52 million by the end of September, accounting for 92.3 percent of total enterprises registered in China, the State Administration for Market Regulation (SAMR) said Tuesday.The development resilience of China's private enter...
Hyundai Motor, South Korea's biggest automaker, said Monday that it will build a plant dedicated to the production of electric vehicles (EVs) in its homeland in a bid to start mass production in 2026.Hyundai held a groundbreaking ceremony earlier in the day for the new EV-dedicated plant in Ulsa...
Nairobi resident Susan Wangui has been shopping on Kilimall, a Kenya-based e-commerce platform operating between China and Africa, since 2018."I have never been disappointed with their products, and I have always loved their discounts," said Wangui, who recently made her third purchase on ...
An investment promotion event for the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) held on Nov. 8 in Guangzhou, south China's Guangdong Province, witnessed the signing of 859 investment and trade deals totaling about 2.24 trillion yuan (around 312 billion U.S. dollars).Combined with investme...
Another strong aftershock with a magnitude of 6.2 struck off Indonesia's eastern province of Maluku earlier Saturday, but did not cause a tsunami, the country's meteorology, climatology and geophysics agency said. The 6.2 magnitude quake, epicenter at the seabed, jolted off the province...
China's real gross domestic product (GDP) is projected to grow by 5.4 percent in 2023, an International Monetary Fund (IMF) statement said on Tuesday."The Chinese economy is on track to meet the government's 2023 growth target, reflecting a strong post-COVID recovery," read the sta...
World,Back Page
Astronomers have discovered the most distant black hole ever detected in X-rays, using NASA telescopes, the agency said on Monday.The black hole is at an early stage of growth that had never been witnessed before, where its mass is similar to that of its host galaxy.By combining data from NASA's...
All primary schools in India's Delhi will stay closed till November 10 in the wake of rising air pollution levels in and around the national capital, announced Delhi's Education Minister Atishi Marlena on Sunday. The minister said that while primary schools will remain shut, the option ...
A pilot died and a passenger was injured after a light plane crashed in the Australian state of Victoria on Sunday morning, according to the local police. At about 7:15 a.m. local time, a gyrocopter plunged to the ground at a private property on Snipey Road in Goulburn Weir, located about...
Xinhua, New DelhiAll primary schools in India's Delhi will stay closed till Nov. 10 in the wake of rising air pollution levels in and around the national capital, announced Delhi's Education Minister Atishi Marlena on Sunday. The minister said that while primary schools will remain shut...
China's central bank on Friday said that it will further implement financial macro control and maintain its prudent monetary policy to foster a sound monetary and financial environment.More efforts will be made to enhance cross-cycle and counter-cyclical adjustment, enrich the monetary policy to...
China's gross domestic product (GDP) is expected to grow 5.2 percent in 2023 and 5 percent in 2024, according to a report released at the International Financial Forum (IFF) on Saturday.The global growth is projected to slow further this year at 3.1 percent, and is likely to remain weak at the s...
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