Most Asian markets cautiously higher as traders eye Trump 2.0
Most Asian markets cautiously higher as traders eye Trump 2.0

Asian markets started the first full week of 2025 on a positive but cautious note as traders struggled to track a healthy run-up on Wall Street, with minds turning to Donald Trumps second presidency. Ongoing concerns about Chinas stuttering economy, the outlook for US interest rates and the wars...

ADB to provide $1b annually for Bangladesh's development
ADB to provide $1b annually for Bangladesh's development

Asian Development Bank (ADB) will provide US $1 billion to Bangladesh annually in concessional financing over the next five years. ADB Country Director Hoe Yun Jeong came up with the assurance when he met Environment, Forest and Climate Change Adviser Syeda Rizwana Hasan at the Forest Department...

ADB approves $100m more loan for infrastructure development
ADB approves $100m more loan for infrastructure development

The Asian Development Bank (ADB) has approved a $100 million loan in additional financing to support critical infrastructure development through publicprivate partnerships (PPP) in Bangladesh, reports UNB. This project will enable Bangladesh to catalyse private sector financing, reduce pressure...

S Korea stocks fall, won steady amid Asian market volatility
S Korea stocks fall, won steady amid Asian market volatility

Equities extended losses in Seoul on Thursday, while the won stabilised as South Korea entered a period of uncertainty with President Yoon Suk Yeol clinging to power after his brief imposition of martial law this week. Additionally, Bitcoin broke past the $1,00,000 mark for the first time on...

ADB commits $24.3 million for solar power plant in Mymensingh
ADB commits $24.3 million for solar power plant in Mymensingh

The Asian Development Bank (ADB) has signed a financing package worth $24.3 million with Muktagacha Solartech Energy Limited (MSEL) to establish a grid-connected solar photovoltaic power plant in Mymensingh. As the sole mandated lead arranger, the Manila-based financial institution took charge...

Masato Kanda elected as ADB president
Masato Kanda elected as ADB president

The Asian Development Bank (ADB) Board of Governors has unanimously elected Masato Kanda as ADBs 11th President. Kanda, 59, currently serves as special advisor to Japans Prime Minister and Minister of Finance. He will assume office on 24 February 2025, succeeding Masatsugu Asakawa, who will...

Government will move forward step by step towards the election: Hassan Arif
Government will move forward step by step towards the election: Hassan Arif

The government will move forward step by step towards the election, stated A F Hassan Arif, Adviser to the Ministries of Civil Aviation and Tourism, and Land. He made these remarks while speaking to the media after visiting the Asian International Trade Fair at BICC in Sher-e-Bangla Nagar,...

Bangladesh to receive $1.1bn from ADB, WB by Dec: Finance secretary
Bangladesh to receive $1.1bn from ADB, WB by Dec: Finance secretary

The Asian Development Bank (ADB) and the World Bank will provide $600 million and $500 million in loan assistance respectively by December 2024, said Finance Secretary Dr Md Khairuzzaman Mozumder on Tuesday. He made the disclosure during a press conference at the Ministry of Finance, organised...