Archive / Business - 2021
News Category
-
Walt Disney coming back to Bangladesh to source high-end garment items: BGMEAAmerican entertainment giant Walt Disney Company is coming back to Bangladesh to source high-end value-added garment items around eight years after they left the country...Singapore's private home prices up 0.9% in Q2, fifth consecutive quarterly riseSingapore's private home prices rose 0.9 per cent in the second quarter from the previous three months, flash estimates released by the Urban Redevelopment Authority...Singapore's unemployment rates continue to fall in MaySingapore's unemployment situation continued to improve in May in what authorities said was a good sign, although the road to recovery was expected to be...HDB resale prices up 2.8% in second quarter: Flash estimatesResale prices in the public housing market rose 2.8 per cent in the second quarter of 2021, according to flash estimates released by the Housing...Bangladeshi RMG workers suffer as lockdown halts public transportThousands of garment workers are going through immense sufferings and slapped with higher expenses as public transport has come to a halt because of the...Australian regulator may authorise media group talks with Google, FacebookAustralia's competition watchdog said on Thursday (Jul 1) it issued draft proposals to authorise regional newspaper industry group, Country Press Australia, to negotiate with Google...Thailand's booming autos exports help plug gaping tourism holeAs tourism-reliant Thailand struggles with a collapse in foreign visitors, the country's auto sector is picking up some of the slack with the value of...UK bans largest crypto-currency exchange BinanceBinance, the world's biggest cryptocurrency exchange, has been banned by the UK's financial regulator.The Financial Conduct Authority (FCA) has ruled that the firm cannot conduct...Twitter hit with new headache in India after police complaint over controversial mapA Hindu group has filed a complaint with police against Twitter's country head for showing regions outside a map of India on its website, kickstarting...World Bank raises China growth outlook to 8.5%The World Bank raised its forecast of China’s economic growth this year to 8.5 per cent from 8.1 per cent and said Tuesday (Jun 29)...Funding Asia's trillion-dollar infrastructure needsAsia will need tens of trillions of dollars in infrastructure investments over the next decade. Money Mind looks at how the region’s bond markets can...Dragon fruit farming gains tractionDragon fruit has caught the attention of several young farmers in Lalmonirhat as they are increasingly showing interest in growing the tropical fruit because of...US shale industry tempers output even as oil price jumpsEven with oil prices surging toward $75 a barrel, US shale producers are keeping their pledges to hold the line on spending and keep output...Mexican billionaire Salinas says his banking business may embrace bitcoinMexican billionaire Ricardo Salinas Pliego said on Sunday his banking business may begin using bitcoin, becoming the country's first bank to start accepting the cryptocurrency.Salinas,...South Korean consortium to produce Russia's Sputnik Light vaccineHuons Global Co said on Monday (Jun 28) its South Korean consortium plans to begin production of a single-dose Sputnik Light COVID-19 vaccine from as...Chinese flock to home-grown brands in golden opportunity for investorsHe Shuang, a student at a US university stranded in her home city of Chongqing in southwest China during the pandemic, has added more than...Singapore, UK begin talks on digital economy agreementSingapore and the United Kingdom have launched negotiations on a digital economy agreement between the countries. The UK-Singapore Digital Economy Agreement (UKSDEA) will be the first...New Zealand's Fonterra to sell stakes in two China farms for US$62 millionFonterra Co-Operative Group said on Monday (Jun 28) it'll sell its stakes in two joint-venture farms in China's Shandong province to Singapore-based AustAsia Investment Holdings...China's professional profit growth slows amid high raw material pricesProfit growth at China's commercial companies slowed again in May as surging raw material prices squeezed margins and weighed on factory activity.Profits at China's commercial...European bank chief eyes transition as world recoversOdile Renaud-Basso, the first female president at Europe's development bank, hopes to revive the EBRD's green investment targets while addressing workplace equality as COVID-19-hit economies...Friction emerges in North America one year into trade dealOne year after it took effect in the midst of a record economical downturn, the United States-Mexico-Canada Agreement (USMCA) has yet to end trading friction...Bangladesh Govt to get 5 lakh tonnes of wheat from RussiaThe federal government has taken steps for faster import of 5 lakh tonnes of wheat from Russia.The cabinet committee on monetary affairs yesterday approved a...EU strikes deal on huge farm subsidiesEU negotiators struck a deal on reforms to the bloc's huge farming subsidy programme on Friday, introducing new measures aimed at protecting small farms and...Despite smaller scale, Barcelona relieved at return of telecoms gatheringBarcelona recalls the cancellation of the Mobile World Congress (MWC) in February 2020 as the first sign that COVID-19 was a genuine, immediate cause for...US lawmakers to research approval, pricing of Alzheimer's drug from BiogenUS lawmakers on Friday (Jun 25) announced a study in to the approval and pricing of Biogen Inc's Alzheimer's drug, Aduhelm, amid concerns over its...How heartland shops got a chance to use big Swedish organizations like H&M and AnticimexFrom electrical and pipe fittings to nails and bolts of various shapes and sizes, hardware store InHome Trading carries a huge selection of home repair...US bans imports of solar power material from ChinaThe Biden administration on Wednesday ordered a ban on US imports of a key solar panel material from Chinese-based Hoshine Silicon Industry Co over forced...Apparel future lies in manmade fibreBangladesh's primary textile sector is undergoing rapid changes with local millers taking to making quite a lot of manmade fibres alongside cotton fibres to meet...Musk says Starlink to go public once cash flow is more predictableTesla Inc CEO Elon Musk will list SpaceX's space internet venture, Starlink, when its cashflow is fairly predictable, the billionaire entrepreneur said late on Wednesday...Amazon services down for multiple users: DowndetectorAmazon.com Inc's platforms including Alexa and Prime Video were down for multiple users late Wednesday (Jun 23), according to outage monitoring website Downdetector.A lot more...Private sector faces burdensome business climate: IFCThe private sector in Bangladesh faces probably the most burdensome business environments on the globe, the International Finance Corporation (IFC) said in a written report...Rules afoot for online consumer protectionThe commerce ministry will publish a guideline for e-commerce platforms the following month to protect the rights of online shoppers, curb anomalies on payments and...FAA says US airports will get US$8 billion in pandemic reliefAirports around the United States will share US$8 billion in federal grants to greatly help them recover from the COVID-19 pandemic, which caused a steep...Malaysia's Sunway to sell stake in healthcare unit to GIC: SourcesMalaysian conglomerate Sunway has agreed to sell around a 15 per cent stake in its healthcare unit to Singapore sovereign wealth fund GIC for RM700...People's Park Complex carpark up for sale at S$42 million guide priceA multi-storey car park at People’s Park Complex was put up for sale by public tender on Tuesday (Jun 22) with helpful information price of...Bangladesh Govt looks to provide light engineering a leg upThe federal government has taken an initiative to formulate policy to market and develop engineering industries, create jobs and expand the country's professional base.The Business...ADB approves $940m loan for vaccine purchaseThe Asian Development Bank yesterday approved a loan package of $940 million for Bangladesh to greatly help the united states buy Covid-19 vaccines.The package comprises...Bitcoin slumps further as China tightens crypto crackdownBitcoin tumbled on Monday to a two-week low on China's expanding crackdown on bitcoin mining, as investors grew more uncertain about the continuing future of...People's Park Complex carpark on the market at S$42 million guide priceA multi-storey carpark at People’s Park Complex was put up on the market by public tender on Tuesday (Jun 22) with helpful information price of...Employers to get S$2.2 billion from Jun 30 under Jobs Support SchemeMore than 140,000 employers in Singapore will receive S$2.2 billion beneath the Jobs Support Scheme (JSS) from Jun 30.The payouts will get to support the...Bangladesh prepares for Libor phase-outThe Bangladesh Bank yesterday issued an insurance plan on calculating the interest of short-term foreign loans as the London Interbank Offered Rate (Libor) is defined...Restaurants spring up in past decadeThe amount of restaurants and the persons involved in the sector has drastically increased over the decade to 2019-20 because of changing lifestyle, increasing mobility...DBS starts trading on London Metal ExchangeDBS said on Monday (Jun 21) it has commenced commodity trading on the London Metal Exchange (LME), as metals prices surge on global financial recovery,...Dollar holds near multi-month high after Fed's hawkish tiltThe dollar held near multi-month peaks against other major currencies on Monday, following the U.S. Federal Reserve surprised markets the other day by signalling it...ADB approves $250m loan for Bangladesh social resilience programThe Asian Development Bank (ADB) approved a US$250 million policy-based loan to the government of Bangladesh to greatly help finance reforms targeted at bettering the...Fiscal relief inadequate to attract investorsEntrepreneurs may not be interested in setting up large hospitals outside of Dhaka, Chattogram, Narayanganj, and Gazipur despite a 10-year tax break.A shortage of qualified...Largest rooftop solar plant starts making electricityYoungone Corporation, the Korean multinational conglomerate, yesterday launched the country's major rooftop solar power plant in its Korean Export Processing Zone (KEPZ) to meet up...Europe powers up electric car battery driveAs electric car sales soar, Europe has began to build-up its capacity to create batteries on the continent nonetheless it remains far from reducing its...AirAsia's Tony Fernandes says industry could return to normal next yearAirAsia Group's ceo said the aviation industry could return to normal next year as international borders slowly but surely reopened, state news agency Bernama reported...Behind Airbus-Boeing truce lies a common rival: ChinaWhile the United States and Europe waged a 17-year trade battle over subsidies to Boeing and Airbus, China poured money into its commercial aircraft to...