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Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Thursday’s midday business round up compiling reports, published by different local and international newspapers and news portals.

Berger Paints Bangladesh recommends 425pc dividend
The board of directors of Berger Paints Bangladesh has recommended 425 percent final cash dividend for the 15 months period from January 01 last year to March 31 this year.

Bangladesh Taka remains unchanged against US$
The exchange rate of Bangladesh Taka (BDT) against the US dollar in the inter-bank foreign exchange market remained almost stable in early hour transactions on Thursday.

Bangladesh’s stocks fail to stay positive at midday

Bangladesh’s stocks failed to keep the positive trend at midday on Thursday as risk-averse investors opted for quick-profit booking on sectors specific stocks.

Bangladesh emerges as fastest growing market for Uber
Bangladesh capital Dhaka has emerged as one of the fastest growing markets in Asia Pacific for Uber, a company senior official said.

Cut taxes, waive VAT: EAB
The Exporters Association of Bangladesh (EAB) has demanded reduction of corporate tax and waiver of Value Added Tax (VAT) on local goods and services.

Indian rupee gains 25 paisa in early trade
Indian rupee gained 25 paisa to 64.48 against the dollar Thursday on increased selling of the American currency by exporters and banks amid higher opening in the domestic equity markets.

Sensex recovers on global cues, F&O expiry
Benchmark BSE Sensex rebounded about 123 points in early trade today on fresh buying by investors, tracking a firm trend in other Asian bourses.

Asian markets mostly higher on Thursday morning
Asian markets were mostly higher on Thursday after U.S. Federal Reserve May meeting minutes indicated an unwinding of its balance sheet likely towards year-end and as investors look ahead to an OPEC gathering widely expected to extend output cuts.

Gold gains in Asia after Fed minutes set dovish tone
Gold gained in Asia on Thursday as investors saw after the U.S. Federal Reserve May meeting minutes overnight as dovish in tone on the timing of the next rate hike.

Oil prices rise in anticipation of extended OPEC-led production cut
Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend a production cut aimed at tightening the market well into 2018, adding at least nine months to an initial six-month cut in the first half of this year.
BBN/SSK/ANS