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China sees uptick in port activity in Q1 2024

China's port activities increased in Q1 2024. Total cargo throughput at Chinese ports reached 4.09 billion tonnes, marking a 6.1 per cent increase year on year. Foreign...

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Bangladesh businesses against quarterly power price hike: Reports

Business leaders have expressed concerns about government's plan to remove energy subsidies by December 2026, which involves raising power prices four times a year as prescribed...

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Vietnamese ministry proposes extending 2% VAT cut until 2024 end

Vietnam's finance ministry has proposed extending the 2-per cent reduction in value-added tax till 2024 end; a payment deadline for corporate income tax, special consumption...

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US truck freight market contracts notably during Q1 2024: U.S. Bank

The latest U.S. Bank freight payment index revealed the US truck freight market contracted notably during Q1 2024. Spending by shippers fell by 27.9 per cent YoY and 16.8...

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Eurozone manufacturing economy in contraction at start of Q2 2024

The HCOB purchasing managers' index (PMI) for eurozone manufacturing compiled by S&P Global was 45.7 in April, down from 46.1 in March and in sub-50 contraction territory...

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Bangladesh Bank mulls ditching SMART formula, in line with IMF advice

The central bank plans to ditch SMART formula used currently to fix interest rate on loans, in line with prescription of International Monetary Fund (IMF) that has proposed...

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China's logistics sector grows 5.9% in Q1 2024

China's logistics sector grew by 5.9 per cent to 88 trillion yuan ($12.4 trillion) in Q1, according to the China Federation of Logistics and Purchasing. The growth, which...

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