Sunday’s evening business round up of Bangladesh
Bangladesh Business News prepares Sunday’s evening business round up compiling reports, published by different newspapers and news portals
Sunday’s evening business round up of Bangladesh
Bangladesh Business News prepares Sunday’s evening business round up compiling reports, published by different newspapers and news portals
Bangladesh’s stocks soar as financial stocks keep rising
Bangladesh’s stocks extend winning spell for three straight sessions with core index of the prime bourse crossing the 5,500-mark riding on financial stocks
Bangladesh’s Dragon Sweater recommends 20pc dividend
Dragon Sweater of Bangladesh recommends 5.0 percent cash and 15 percent stock dividend for the year ended on June 30 in 2018
Banking
Bangladesh’s banks may open FX clearing account in RMB
Banks are allowed to open foreign currency clearing account with the central bank in Chinese yuan renminbi to facilitate bilateral foreign trade
Stock & Securities
Bangladesh’s stocks open optimistic Sunday
Bangladesh’s stocks witness upward trend in early hour of trading on Sunday as investors active on sector-wise stocks.
Clients
Apparel
Exporters for re-fixing corporate tax at 10% for RMG
Bangladesh’s exporters urge the government to re-fix the proposed corporate tax for the RMG industries at 10 per cent instead of 15 per cent
FX-Money
Bangladesh forex reserve falls to $31.93bn after ACU payment
Bangladesh’s foreign exchange reserve (forex) falls below US$32 billion again on Wednesday following a regular payment to the Asian Clearing Union (ACU)
- Loan & Advance
- Govt. Sector
- Price Movement
- External Sector
Bangladesh restores LC margin on rice import
Bangladesh Bank reinstates the letter of credit (LC) margin on rice import aiming to make sure farmers get fair prices for their produces
Yield on T-bills increases significantly before Eid
The interest rates on the treasury bills (T-bills) increase significantly following unwillingness by banks to invest in the government securities ahead of the Eid
Prices of rice down while onion and garlic up
Prices of medium quality rice decrease slightly while both local and imported onion and garlic prices increase in Dhaka Wednesday
Higher imports widen Bangladesh’s trade deficit further
Bangladesh’s overall trade deficit widens further in the first eight months of the current fiscal year (FY) mainly due to higher import payments against lower export receipts
