The reserves hit $19.83 billion on May 8

Dollar price rose just a day after the introduction of the crawling peg

Apple's iPhone shipments in China increased by 12 percent in March after the company and its retailers reduced prices

The first-ever Purchasing Managers' Index shows slower expansion at 62.2 in April

The United States has revoked some export licenses that allowed companies such as US chip firm Qualcomm to supply Chinese tech giant Huawei

CPD Distinguished Fellow Mustafizur Rahman says

The exporters have already welcomed the central bank's move to devaluate the local currency, which they have long been waiting for.

PRI Executive Director Ahsan H Mansur says

IMF mission concluded its 15-day visit to Bangladesh today

Cooperation is sought for product development, technology upgradation, monitoring and financial literacy

Toyota reported record annual net profit of more than $30 billion on Wednesday but the world's largest automaker by sales warned that the current year would be less spectacular

Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market

Bangladesh will face a severe crisis in 2026 as the government has availed a significant amount of loans from foreign lending agencies and local banks which it will have to repay, said Bhattacharya.

The crawling peg system for the taka is a delayed and, perhaps, inadequate response to the bleeding of forex reserves. Some economists suggest the central bank should go beyond this formula and open the exchange rate to market forces to stop the continuous erosion of reserves. Either way, exporters and remitters will celebrate more flexibility in the exchange rate.

It will be the 29th edition of the three-day exhibition

India's small malls are increasingly turning into ghost malls as consumers move towards online purchases and bigger shopping centres for a better experience.

Sri Lanka is entering into a 20-year agreement with Adani Group to buy electricity from a $442-million wind power plant being built

While strong in hybrids, Toyota remains a laggard when it comes to EVs, behind rivals such as Tesla

Japan’s nominal GDP will be overtaken by India’s and slip from number 4 in the world to number 5 next year, according to projections by IMF

Facing the double shock of the end of combustion engines and rising competition from China, European suppliers like Bosch, ZF and Webasto have all announced cuts, casting a shadow on the forthcoming EU elections