Dhaka, Bangladesh (BBN) – The BBN (Bangladesh Business News) has prepared the midday business round up compiling reports, published by different newspapers and news portals in Bangladesh.
Ashulia factories reopen, sacking continues
Garment factories continue mass sacking of workers in Ashulia as unrest-hit apparel units reopen today after days of staying shut in face of agitation over pay hike. All of the 59 factories which were shut down reopened around 8:00am today with thin attendance of workers. Meanwhile, two apparel factories of Sharmin Group terminated 143 workers today after the labour unrest. Their names were pasted on the factory gates announcing the termination.
Bangladesh’s forex reserve crosses $32 billion again
Bangladesh’s foreign exchange (forex) reserve has crossed the US$32 billion-mark further following lower import payment pressure on the economy, officials said. The forex reserve rose to $32. 02 billion on Thursday from $31.91 billion of the previous working day, according to the central bank latest statistics, released on Monday.The forex reserve was $32.05 billion on November 3 last.
Bangladesh’s stocks stay upward at midday
Bangladesh’s stocks kept the early hour’s upward momentum on Monday as optimistic investors remained active on sector specific stocks. The market opened with an optimistic note in the morning with the key index of the major bourse gaining more than 15 points to stand at 4,972 points within first 15 minutes of trading. After 30 minutes of trading, DSEX reached at 4,979, advancing nearly 23 points or 0.45 per cent at 11:00am.
BDT appreciates by 10 paisa against US dollar at customer level
The Bangladesh Taka (BDT) appreciated by nearly 10 paisa against the US dollar at customer level on Thursday. The average exchange rate of the US dollar at customer level came down to BDT 79.6573 on Thursday from BDT 79.6510 of the previous level. It was BDT 79.7240 on Tuesday.
Rupee trading weak at 67.83
Paring its early gains, the rupee slipped by 1 paisa to trade at 67.83 against the US currency in the pre-noon deals following bouts of fresh month-end dollar demand from banks and importers. The rupee opened flat at 67.82 per dollar at the Interbank Foreign Exchange (Forex) market, reports The Hindu Business Line. The domestic unit hovered between 67.85 and 67.78 per dollar during morning deals before trading at 66.83 per dollar at 11:25am local time.
Sensex plunges 256 points, Nifty hits 7-month low
The NSE index hit 7-month low and the VIX index, the volatility index, surged 9 per cent as investors were spooked that India may impose higher capital gains taxes after Prime Minister Narendra Modi had said on Saturday people in financial markets must make a “fair contribution” to nation building. But the Finance Minister Arun Jaitley had on Sunday clarified the government does not plan to impose long-term capital gains tax, after local media interpreted Modi’s comments a pitch for higher taxes in markets, reports The Hindu Business Line.